TacticScaleWhat Shanxi Coking Coal Energy (山西焦煤) Does & How It Makes Money (000983.SZ)
Updated October 2026 · reflects Shanxi Coking Coal Energy's latest reported financials
Chinese coking coal miner supplying steelmakers, with coal-fired power. The company earns revenue by selling mined and washed coal — mainly coking coal to steel and coke producers, plus thermal coal — with pricing tied to China's coal market.
How Shanxi Coking Coal Energy makes money
The company earns revenue by selling mined and washed coal — mainly coking coal to steel and coke producers, plus thermal coal — with pricing tied to China's coal market. Its coal-fired power plants add a secondary revenue stream and an internal outlet for lower-grade coal.
What Shanxi Coking Coal Energy does
Shanxi Coking Coal Energy Group Co., Ltd. (000983.SZ) is a Chinese coal producer headquartered in Taiyuan, Shanxi, founded in 1956. Its core business is mining and selling coking and metallurgical coal grades — coking coal, fat coal, gas coal, lean coal and meager lean coal — alongside washed fine coal for metallurgy, powdered coal for injection, steam coal, screen mixed coal and coke. The company also operates coal-fired power plants. Formerly Shanxi Xishan Coal and Electricity Power Co., Ltd., it was renamed Shanxi Coking Coal Energy Group Co., Ltd. in December 2020. It operates as a subsidiary of Shanxi Coal Group Company Limited, giving it a state-linked parent within one of China's most coal-rich provinces. Its fortunes are closely tied to Chinese steel demand, which drives coking coal pricing.
Products & services
- Coking coal
- Fat coal, gas coal, lean coal and meager lean coal
- Metallurgical fine (washed) coal
- Powdered coal for injection
- Steam coal and screen mixed coal
- Coke and coal-fired power generation
山西焦煤是做什么的？
山西焦煤能源集团股份有限公司（000983.SZ）是一家总部位于山西太原的煤炭生产企业，成立于1956年。公司主营炼焦及冶金用煤的开采与销售，产品涵盖焦煤、肥煤、气煤、瘦煤和贫瘦煤，以及冶金精煤、喷吹用粉煤、动力煤、筛混煤和焦炭。此外，公司还经营燃煤发电业务。 公司原名山西西山煤电股份有限公司，于2020年12月更名为山西焦煤能源集团股份有限公司，是山西煤炭进出口集团（Shanxi Coal Group Company Limited）的子公司，依托中国煤炭资源最丰富省份之一的区位与国资背景。由于主产品为炼焦煤，公司经营状况与中国钢铁行业需求及焦煤价格走势密切相关。
What is Shanxi Coking Coal Energy worth?
On an owner-earnings DCF, Shanxi Coking Coal Energy's most-likely value is about ¥5 versus a recent price near ¥6 (23% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥4) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Shanxi Coal International Energy (600546.SS) · Shanxi Coking (600740.SS) · Shaanxi Coal Industry (601225.SS) · Shanxi Meijin Energy (000723.SZ) · Shanxi Lu'an Environmental Energy Development (601699.SS)