Best Thermal Coal Stocks in China for 2026
Top-ranked Thermal Coal stocks in China. Thermal coal miners face energy-transition demand pressure in developed markets even as Asian import demand continues, so low multiples carry a Health-pillar check.
Thermal Coal producers earn revenue on production volume at realised prices net of mining costs, with structural demand pressure from the energy transition in developed markets and continuing import demand from Asia. Composite scoring uses the Valuation pillar (low headline multiples) with the Health pillar gating names heading into a trough overleveraged.
Data as of (updated daily)
Top 20 Thermal Coal stocks in China by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | 002128.SHE | Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia | 72.3 |
| 2 | 601001.SHG | Jinneng Holding Shanxi Coal Industry Co Ltd | 68.6 |
| 3 | 601898.SHG | China Coal Energy Co Ltd | 64.5 |
| 4 | 900948.SHG | Inner Mongolia Yitai Coal Co Ltd | 64.2 |
| 5 | 601225.SHG | Shaanxi Coal Industry Co Ltd | 63.4 |
| 6 | 603071.SHG | ZJMI Environmental Energy Co. Ltd. | 60.5 |
| 7 | 600546.SHG | Shanxi Coal International Energy Group Co Ltd | 60.0 |
| 8 | 000983.SHE | Shanxi Xishan Coal and Electricity Power Co Ltd | 59.4 |
| 9 | 601088.SHG | China Shenhua Energy Co | 58.2 |
| 10 | 600098.SHG | Guangzhou Development Group Inc | 57.0 |
| 11 | 601101.SHG | Beijing Haohua Energy Resource Co Ltd | 55.3 |
| 12 | 000937.SHE | Jizhong Energy Resources Co Ltd | 54.4 |
| 13 | 601699.SHG | Shanxi LuAn Environmental Energy Development Co Ltd | 53.3 |
| 14 | 000552.SHE | Gansu Jingyuan Coal Industry and Electricity Power Co Ltd | 53.0 |
| 15 | 601918.SHG | China Coal Xinji Energy Co Ltd | 50.4 |
| 16 | 600188.SHG | Yankuang Energy Group Co Ltd | 49.1 |
| 17 | 600971.SHG | Anhui Hengyuan Coal Industry and Electricity Power Co Ltd | 47.7 |
| 18 | 600508.SHG | Shanghai Datun Energy Resources Co Ltd | 45.2 |
| 19 | 600123.SHG | Shanxi Lanhua Sci-Tech Venture Co Ltd | 44.9 |
| 20 | 600348.SHG | Shan XI Hua Yang Group New Energy Co Ltd | 44.5 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Thermal Coal industry, China. Use the screener for the full ranked list.