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Jinneng Holding (601001) Fair Value & Analysis

Energy · CN · Market cap 28.9B CNY

JH Jinneng Holding 601001 · SHG
Price¥17.28
Fair Value¥18.36
Upside+6.3%
Quality64/100
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Mixed Growth
Solidly profitable · 12.1% net margin
Low debt · generates free cash flow
3.08% dividend yield
Ranks above peers (11/15)
Narrow moat 42/100
Evidence: Medium Range ¥13.95 – ¥21.18 Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

Share price −8.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥13.95 (bear) to ¥21.18 (bull), base ¥18.36. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥22.69 ¥4.38 Fair Value ¥18.36 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥4.38 – ¥22.69 · fair‑value band ¥13.95 – ¥21.18 · the ¥17.28 price screens below the ¥18.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Jinneng Holding (601001) currently trades at ¥17.28, while our model-based Fair Value estimate is ¥18.36, implying the stock looks roughly 6.3% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Jinneng Holding generated revenue of 13.7B CNY at a net margin of 12.1%. Revenue grew 25.7% year over year. It earns a return on equity of 8.1%. The balance sheet holds a net cash position of 15.0B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥13.95 (bear case) to ¥21.18 (bull case); at ¥17.28, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 6%, 601001 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥22.84 ¥28.04 ¥35.31 80
Residual Income ¥9.99 ¥11.00 ¥14.85 76
Rev-Margin DCF ¥17.62 ¥21.09 ¥24.90 74
All 24 models by family
DCF Models
FCF DCF ¥22.38 ¥27.84 ¥35.83 38
Owner Earnings ¥22.84 ¥28.50 ¥36.75 31
5Y Revenue Exit ¥17.62 ¥20.85 ¥24.81 39
5Y EBITDA Exit ¥20.48 ¥25.83 ¥31.85 41
5Y P/E Exit ¥20.05 ¥25.09 ¥30.14 38
10Y Revenue Exit ¥19.12 ¥22.28 ¥25.91 36
10Y EBITDA Exit ¥21.08 ¥25.61 ¥30.89 37
10Y P/E Exit ¥20.81 ¥25.12 ¥29.68 35
Earnings-Based
Graham-Dodd ¥7.44 ¥15.11 ¥19.03 54
EPV ¥19.16 ¥20.90 ¥22.42 59
Dividend Discount
Gordon GGM ¥7.25 ¥10.55 ¥14.00 70
DDM Multi-Stage ¥7.25 ¥10.25 ¥13.71 61
Multiples
P/E Multiple ¥11.49 ¥15.32 ¥19.15 63
P/S Multiple ¥7.05 ¥9.40 ¥11.75 58
P/B Multiple ¥13.95 ¥18.60 ¥23.25 55
EV/EBIT ¥23.08 ¥27.87 ¥32.66 53
EV/EBITDA ¥20.97 ¥25.06 ¥29.15 54
EV/Revenue ¥15.28 ¥18.10 ¥20.92 43
Asset-Based
NCAV (Graham) ¥5.70 ¥7.64 ¥11.40 50
Growth DCF
Growth DCF ¥22.84 ¥28.04 ¥35.31 80
Rev-Margin DCF ¥17.62 ¥21.09 ¥24.90 74
Economic Profit
Residual Income ¥9.99 ¥11.00 ¥14.85 76
ROIC Compounder ¥19.40 ¥21.49 ¥23.53 72
Growth Earnings
Growth-Adj P/E ¥8.57 ¥12.25 ¥15.92 68

Widest divergence: DCF Models (¥25.12) versus Asset-Based (¥7.64). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 13.7B CNY
Revenue growth (YoY) +25.7%
Net margin 12.1%
Return on equity 8.1%
Free cash flow 2.2B CNY FY2025
P/E ratio 20.0
More key figures
Operating margin 18.4%
EPS (TTM) ¥0.9800
Dividend yield 2.6%
EPS growth (YoY) -35.5%
Net cash 15.0B CNY FY2024

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 52

Profitability 39
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Jinneng Holding Shanxi Coal Industry Co.,ltd., together with its subsidiaries, engages in the production and sales of coal in China. The company offers thermal coal used in electric power, cement, building materials, and other industries.

Full company description

Jinneng Holding Shanxi Coal Industry Co.,ltd., together with its subsidiaries, engages in the production and sales of coal in China. The company offers thermal coal used in electric power, cement, building materials, and other industries. It is also involved in railway transportation; industrial equipment maintenance; instrumentation repair; construction engineering; and railway engineering construction businesses. The company was incorporated in 2001 and is based in Datong, China. Jinneng Holding Shanxi Coal Industry Co.,ltd. operates as a subsidiary of Jinneng Hold Coal Industry Group Company Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jinneng Holding reported revenue of ¥13.1B in FY2025 versus ¥18.3B in FY2021, a compound −8.0%/yr. Reported net income was ¥1.8B in FY2025, compounding −20.8%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
13.1B CNY
Latest YoY
−12.8%
Avg. growth/yr (3Y)
−6.6%
Avg. growth/yr (5Y)
+3.8%
Avg. growth/yr (22Y)
+8.9%
Revenue −8.0%/yr
FY21 ¥18.3B
FY22 ¥16.1B
FY23 ¥15.3B
FY24 ¥15.0B
FY25 ¥13.1B
Net income −20.8%/yr
FY21 ¥4.7B
FY22 ¥3.0B
FY23 ¥3.3B
FY24 ¥2.8B
FY25 ¥1.8B

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Cite: Fair Value Calculator (2026). "Jinneng Holding Fair Value". https://www.fairvalue-calculator.com/stock/601001

Peer Group

Thermal Coal · 101 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 17.6× · Pricier than median
P/B 1.52× · Pricier than median
P/S (TTM) 2.11× · Pricier than 75% of peers
P/FCF 1.9× · Cheaper than median
EV/EBITDA 3.3× · Cheaper than 75% of peers
PEG 0.85× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 27
FUTURE 100 · sector 0
PAST 33 · sector 21
HEALTH 97 · sector 92
DIVIDEND 62 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

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Frequently asked questions

Is Jinneng Holding (601001) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥18.36 versus a price of ¥17.28, about +6% (fairly valued).
What is the fair value of 601001?
Our model-based fair value for Jinneng Holding is ¥18.36 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥17.28.
What is the quality score of 601001?
Jinneng Holding has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Jinneng Holding (601001)?
Jinneng Holding reported trailing-twelve-month revenue of about 13.7B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 601001?
The net profit margin of Jinneng Holding is about 12.1%, meaning it keeps roughly 12.1% of revenue as net income. Based on the latest reported figures.
Does Jinneng Holding pay a dividend?
Jinneng Holding currently shows a dividend yield of about 2.63% relative to its recent price (as of Aug 9, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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