600997.SS
Hot AirKailuan Energy Chemical Co.,Ltd. · Basic Materials · China · $1.2B cap · $12.3M/day traded
CNY 5.37 -2.2% · close 12 Nov · scored 13 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 13 Nov 2026, the MoatMap Score for Kailuan Energy Chemical Co.,Ltd. (600997.SS) is 35/100, ranked against 25,000+ stocks in 38 markets (Quality 29, Value 34, Momentum 62, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT KAILUAN ENERGY CHEMICAL CO.,LTD.
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Kailuan Energy Chemical Co.,Ltd. is engaged in coal mining, washing, and the production of coke and coal chemical products. The company benefits from its strategic location in the Beijing-Tianjin-Hebei industrial corridor, providing low-cost logistics access to major domestic steel producers. Its integrated 'coal-coke-chemical' business model optimizes resource utilization and enhances resilience against commodity price cycles.
FINANCIAL SUMMARY (CNY)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.0B | 22.8B | 21.2B | 17.4B | -12.5% | 19.5B | 20.2B | 20.4B | 8.3% |
| EPS (CNY) | 1.17 | 0.69 | 0.51 | -0.02 | -34.0% | -0.13 | — | — | — |
| Shares | 1.6B | 1.6B | 1.6B | 1.6B | 0.0% | 1.6B | — | — | — |
| Debt | 4.9B | 5.9B | 5.3B | 4.4B | -3.2% | 4.8B | — | — | — |
| Equity | 14.1B | 14.2B | 14.3B | 13.6B | -1.0% | — | — | — | — |
| Op CF | 4.0B | 563.6M | 1.2B | -677.4M | -46.2% | -129.6M | — | — | — |
| Inv CF | -1.6B | -1.1B | -697.4M | -627.0M | — | — | — | — | — |
| Fin CF | -4.4B | -85.2M | -1.0B | 664.7M | — | — | — | — | — |
No new 52-week low for 18 weeks, 16% above that low, but not back above a rising 50-day average.
The Momentum score still reads 62: it looks back six months, so it has not caught up with this fall.
Calmer than 62% of stocks we rank over the past year (volatility 36% 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: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor (this stock): 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 600997.SS are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 600997.SS | Kailuan Energy Chemical Co.,Ltd.(you) | $1.2B | 35 |
| 600740.SS | Shanxi Coking Co., Ltd. | $1.3B | 34 |
| 601011.SS | Baotailong New Materials Co., Ltd. | $755M | 32 |
| 000655.SZ | Shandong Jinling Mining Co., Ltd. | $583M | 48 |
| 000723.SZ | Shanxi Meijin Energy Co.,Ltd. | $2.2B | 20 |
| 600397.SS | Jiangxi Tungsten Rare And Precious Equipment Co., Ltd. | $2.1B | 11 |
| 2798.HK | Perennial Energy Holdings Limited | $160M | 23 |
| 6885.HK | Henan Jinma Energy Company Limited | $72M | 18 |
| 600567.SS | Shanying International Holdings Co.,Ltd | $1.2B | 35 |
| 002988.SZ | Guangdong Haomei New Materials Co.,Ltd | $1.2B | 34 |
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.