000723.SZ
SinkerShanxi Meijin Energy Co.,Ltd. · Basic Materials · China · $2.2B cap · $19.9M/day traded
CNY 3.16 -3.1% · close 12 Nov · scored 13 Nov
Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.
As of 13 Nov 2026, the MoatMap Score for Shanxi Meijin Energy Co.,Ltd. (000723.SZ) is 20/100, ranked against 25,000+ stocks in 38 markets (Quality 23, Value 34, Momentum 47, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT SHANXI MEIJIN ENERGY CO.,LTD.
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Shanxi Meijin Energy Co.,Ltd. is one of China's largest independent producers of metallurgical coke and coking coal, serving major domestic steelmakers. The company has established a significant competitive moat by vertically integrating into the hydrogen energy sector, covering production, storage, and fuel cell commercial vehicles. This transition positions Meijin as a key player in China's clean energy transition while maintaining a highly profitable core industrial business.
FINANCIAL SUMMARY (CNY)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.6B | 20.8B | 19.0B | 18.0B | -9.9% | 17.3B | 20.2B | 24.1B | 15.7% |
| EPS (CNY) | 0.52 | 0.07 | -0.26 | -0.25 | -86.5% | -0.31 | -0.19 | 0.14 | 18.9% |
| Shares | 4.3B | 4.3B | 4.4B | 4.4B | +1.8% | 4.4B | — | — | — |
| Debt | 5.4B | 6.7B | 8.8B | 9.7B | 21.7% | 8.9B | — | — | — |
| Equity | 14.5B | 15.0B | 14.5B | 13.1B | -3.3% | — | — | — | — |
| Op CF | 3.2B | 911.2M | 940.9M | 1.5B | -21.6% | 903.8M | — | — | — |
| Inv CF | -5.2B | -3.6B | -3.2B | -2.0B | — | — | — | — | — |
| Fin CF | 3.4B | 2.2B | 2.2B | 183.0M | — | — | — | — | — |
Made a new 52-week low 8 trading days ago, 46% below its 52-week high. The fall has not stopped yet.
Calmer than 52% of stocks we rank over the past year (volatility 41% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling (this stock): It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 000723.SZ are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 000723.SZ | Shanxi Meijin Energy Co.,Ltd.(you) | $2.2B | 20 |
| 600397.SS | Jiangxi Tungsten Rare And Precious Equipment Co., Ltd. | $2.1B | 11 |
| 600740.SS | Shanxi Coking Co., Ltd. | $1.3B | 34 |
| 600997.SS | Kailuan Energy Chemical Co.,Ltd. | $1.2B | 35 |
| 601011.SS | Baotailong New Materials Co., Ltd. | $755M | 32 |
| 000655.SZ | Shandong Jinling Mining Co., Ltd. | $583M | 48 |
| 2798.HK | Perennial Energy Holdings Limited | $160M | 23 |
| 6885.HK | Henan Jinma Energy Company Limited | $72M | 18 |
| 688388.SS | Guangdong Jiayuan Technology Co.,Ltd. | $2.3B | 22 |
| 603124.SS | Jiangxi Jiangnan New Material Technology Co., Ltd. | $2.1B | 19 |
Peer medians: ROE 6.0% · P/E 25.6x · Gross margin 18.1%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.