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    Energy minerals

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Perennial Energy Holdings Ltd.

Perennial Energy Holdings Ltd.

HHKEX:2798
0.79
HKD
0.00
(0.00%)
1.84BMarket Cap
Perennial Energy Holdings Ltd.
HKEX:2798
(Hong Kong Exchange)

Recent

price

0.79

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.29
0.25
0.39
0.67
0.51
0.88
0.96
1.12
1.07
1.07
0.75
- -
Revenue per Share
0.03
0.03
0.05
0.17
0.14
0.22
0.19
0.46
0.32
0.28
-0.12
- -
Basic EPS, GAAP
0.03
0.02
0.16
0.05
-0.13
-0.16
-0.07
-0.34
-0.32
-0.49
-0.35
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.14
- -
0.02
0.03
0.03
0.11
0.05
0.01
- -
Dividend per Share
0.1
0.08
0.15
0.62
0.76
0.95
1.1
1.54
1.74
1.97
1.85
1.85
Book Value per Share
0.02
- -
0.08
0.55
0.76
0.95
1.1
1.54
1.74
1.97
1.85
1.85
Tangible Book Value per Share
1,600
1,600
1,600
1,067
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
Basic Weighted Avg Shares
468
397
627
719
812
1,403
1,541
1,784
1,716
1,706
1,206
- -
Sales/Revenue/Turnover
21.69
27.33
41.86
36.78
37.23
36.61
47.76
53.25
42.54
38.39
10.69
- -
Operating Margin (%)
49
47
48
58
61
119
119
136
163
184
192
- -
Depreciation Expense
44
51
83
176
218
345
302
744
504
440
-198
- -
Net Income, GAAP
34.74
4.48
29.62
28.67
29.62
28.68
26.65
13.04
16.69
16.47
- -
- -
Effective Tax Rate (%)
9.48
12.85
13.21
24.5
26.85
24.63
19.58
41.7
29.39
25.8
-16.4
- -
Profit Margin (%)
-338
-272
-136
280
112
-45
-50
-300
-180
-266
-670
-670
Working Capital
- -
- -
- -
- -
2
251
304
91
230
210
- -
- -
LT Debt
195
277
460
992
1,210
1,519
1,768
2,463
2,788
3,156
2,958
2,958
Total Equity
- -
29.07
34.82
19.09
16.12
21.06
14.77
28.8
17.08
13.42
- -
- -
Return on Invested Capital (%)
- -
5.08
-2.47
18.61
16.8
21.69
15.21
27.74
15.36
11.99
- -
- -
Return on Capital (%)
- -
36.45
44.96
28.48
19.8
25.32
18.36
35.17
19.2
14.81
-6.47
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
977
938
1,053
LT Borrowings
210
210
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,600
1,600
1,600
Market Capitalization
1,413
1,095
1,653

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,136
889
716
Cash, Cash Equivalents & STI
177
147
70
Accounts Receivable, Net
283
223
235
Inventories
34
40
31
Total Current Liabilities
1,402
1,329
1,387
Payables & Accruals
- -
- -
- -
ST Debt
977
938
1,053
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
34.73%
15.16%
-6.27%
Free Cash Flow
61.32%
64.94%
-29.35%
Net Income, GAAP
21.63%
-11.19%
-144.93%
Sales/Revenue/Turnover
13.5%
-1.61%
-29.31%
Total Cash Common Dividend
- -
32.36%
-80.54%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,716
2024
- -
- -
1,706
2025
- -
- -
1,206

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.32
2024
- -
- -
0.28
2025
- -
- -
-0.12

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.11
2024
- -
- -
0.05
2025
- -
- -
0.01
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Business
Perennial Energy Holdings Limited is an investment holding company primarily engaged in the exploration, mining, and processing of coking coal in the People's Republic of China. The company operates three underground coal mines in Panzhou City, Guizhou Province, namely Hongguo Coal Mine, Baogushan Coal Mine, and Xiejiahegou Coal Mine. Its core product offerings include clean coal for coking, raw coal, middling coal, sludge coal, peat, coalbed methane gas, and refined coal products. The company mainly markets and sells these coal products domestically, supplying coking enterprises, iron and steel manufacturers with coke production capabilities, chemical manufacturers, and power plants in Southwest China. Founded in 2009 and headquartered in Hong Kong, Perennial Energy Holdings Limited also operates a coal washing business and a coal refinery. The company maintains a significant presence in the regional coal industry within China, focusing on enhancing product quality, cost management, and operational efficiency to capitalize on demand trends, particularly in Guizhou Province. In the past two years, Perennial Energy has undergone strategic shifts including a revision of its coal mine consolidation strategy. It decided not to proceed with a previously proposed consolidation plan involving Wantian and Youyi coal mines, citing regulatory, market, and strategic considerations. However, the company reaffirmed its commitment to coal resource integration and is actively exploring other viable consolidation opportunities aligned with its long-term growth ambitions. The company also emphasizes strengthening its coal resource portfolio through potential future consolidation projects, subject to feasibility and regulatory approval. Perennial Energy's recent operational development includes the commencement of a strategic project in June 2025, aimed at supporting regional demand for steel and coal through infrastructure enhancements. The company continues to respond proactively to evolving market conditions, prioritizing operational excellence and leveraging its strong foothold in Guizhou’s coal sector. Overall, Perennial Energy Holdings Limited operates primarily within the coal mining and coal-related processing industry segments, targeting industrial and power generation customers in China, with a focused effort on strategic growth through resource consolidation and operational optimization since its founding and listing on the Hong Kong Stock Exchange under ticker 2798.HK.