Feishang Anthracite Resources Limited, an investment holding company and subsidiary of Feishang Industrial Group Co., Ltd., engages in the acquisition, construction, development, operation, extraction, sale, trade and washing of anthracite coal primarily in Guizhou province of the People's Republic of China. The company owns and operates four underground anthracite coal mines, including Baiping, Liujiaba, Zhulinzhai and Gouchang mines, which produce high-grade anthracite used mainly in the electric power industry for power generation and in the construction industry for cement production; it conducts all mining, processing and sales activities through wholly-owned and majority-owned subsidiaries targeting domestic industrial and energy customers. Incorporated in January 2010 under the laws of the British Virgin Islands and formerly known as Wealthy Year Limited, the company maintains its headquarters in Sheung Wan, Hong Kong, with operational offices in Shenzhen, China, and employs approximately 2,107 people focused on thermal coal production in the energy sector. Recent developments include the resumption of production across its coal mines following intermittent shutdowns in 2024 amid challenging market conditions; preliminary discussions in 2025 regarding potential divestitures of interests in the Dayun and Liujiaba coal mines; ongoing legal proceedings initiated in December 2025 related to a coal sales contract involving CNY200 million prepayment disputes; significant financial losses with revenue declining 68.9% to CNY308.3 million and net loss widening to CNY539.0 million for the year ended December 31, 2024, alongside a gross loss of CNY31.5 million and loss attributable to owners of CNY237.9 million for the six months ended June 30, 2025; and strategic measures such as capital raising explorations, lender negotiations, cost controls and coal quality improvements to address auditor concerns over going concern status.