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SouthGobi Resources Ltd. logo

SouthGobi Resources Ltd.

1878.HK

HKSEEnergyCoal

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Latest quote

HK$1.735

−HK$0.025 · -1.42%

Aug 24, 10:08 AM HKTData delayed

1878.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating across Mongolia, Hong Kong, and China, SouthGobi Resources Ltd. functions as an integrated enterprise involved in coal mining, development, and exploration. Its primary focus lies in the exploration and extraction of coking and thermal coal deposits. The company's premier asset is the Ovoot Tolgoi open-pit coal mine, situated in Mongolia's Umnugobi Aimag. Furthermore, it holds interests in the Zag Suuj and Soumber Projects. Beyond its extraction activities, SouthGobi Resources also manages coal logistics and trading operations within both Mongolia and China. Established in 2002, the company's headquarters are located in Mong kok, Hong Kong. It adopted the name SouthGobi Resources Ltd. in May 2010, having previously operated as SouthGobi Energy Resources Ltd.

Industry
Coal
Sector
Energy
Headquarters
HK
CEO
Ruibin Xu
Listed since
Jan 29, 2010
Employees
847

Market position

Day range

Current HK$1.735

52-week range

Current HK$1.735

Open
HK$1.80
Previous close
HK$1.76
Volume
2.75K
0.01× average
Average volume
282.52K
Average daily volume
Market cap
515.12M HKD
Beta
1
Market reference 1
50-day average
HK$1.715
+1.17% above average
200-day average
HK$1.9833
-12.52% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
328.69M USD
P/E (TTM)
-0.48×
P/B (TTM)
-0.27×
P/S (TTM)
0.09×
EV / EBITDA
12.16×
Earnings yield
-233.44%
Free cash flow yield
-37.18%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.13%
Operating margin
2.76%
Net margin
-19.31%
Return on equity
75.71%
Return on assets
-48.38%
Return on invested capital
-38.51%

Financial health

Debt / equity
-1.17×
Current ratio
0.25×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends63%25%-13%-51%Gross margin, FY2021: 27.87%Gross margin, FY2022: 20.96%Gross margin, FY2023: 53.78%Gross margin, FY2024: 26.91%Gross margin, FY2025: -0.29%Operating margin, FY2021: 10.09%Operating margin, FY2022: 18.57%Operating margin, FY2023: 22.89%Operating margin, FY2024: 31.20%Operating margin, FY2025: -3.79%Net margin, FY2021: -33.12%Net margin, FY2022: -41.62%Net margin, FY2023: 0.27%Net margin, FY2024: 18.75%Net margin, FY2025: -28.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.87%. Gross margin FY2022 20.96%. Gross margin FY2023 53.78%. Gross margin FY2024 26.91%. Gross margin FY2025 -0.29%. Operating margin FY2021 10.09%. Operating margin FY2022 18.57%. Operating margin FY2023 22.89%. Operating margin FY2024 31.20%. Operating margin FY2025 -3.79%. Net margin FY2021 -33.12%. Net margin FY2022 -41.62%. Net margin FY2023 0.27%. Net margin FY2024 18.75%. Net margin FY2025 -28.18%.

Income trends

Revenue

609.3M USD+23.50%

Operating income

−23.07M USD−177.01M USD

Net income

−171.72M USD−264.22M USD
Income trends across reported periods687.4M USD375M USD62.59M USD−249.82M USDRevenue, FY2021: 43.4M USDRevenue, FY2022: 73.08M USDRevenue, FY2023: 331.51M USDRevenue, FY2024: 493.38M USDRevenue, FY2025: 609.3M USDOperating income, FY2021: 4.38M USDOperating income, FY2022: 13.57M USDOperating income, FY2023: 75.87M USDOperating income, FY2024: 153.94M USDOperating income, FY2025: −23.07M USDNet income, FY2021: −14.37M USDNet income, FY2022: −30.42M USDNet income, FY2023: 908K USDNet income, FY2024: 92.5M USDNet income, FY2025: −171.72M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 43.4M USD. Revenue FY2022 73.08M USD. Revenue FY2023 331.51M USD. Revenue FY2024 493.38M USD. Revenue FY2025 609.3M USD. Operating income FY2021 4.38M USD. Operating income FY2022 13.57M USD. Operating income FY2023 75.87M USD. Operating income FY2024 153.94M USD. Operating income FY2025 −23.07M USD. Net income FY2021 −14.37M USD. Net income FY2022 −30.42M USD. Net income FY2023 908K USD. Net income FY2024 92.5M USD. Net income FY2025 −171.72M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue609.3M USD493.38M USD331.51M USD73.08M USD43.4M USD
Cost of goods sold611.08M USD360.59M USD153.21M USD57.76M USD31.3M USD
Gross profit−1.78M USD132.79M USD178.3M USD15.32M USD12.09M USD
Selling, general, and administrative13.88M USD14.82M USD11.43M USD7.07M USD6.29M USD
Operating expenses21.29M USD−21.15M USD102.43M USD10.84M USD9.22M USD
Interest income49.86K USD141K USD234K USD43K USD79K USD
Interest expense37.83M USD37.4M USD46.47M USD39.73M USD36.46M USD
Depreciation and amortization50.11M USD20.89M USD5.83M USD3.84M USD5.61M USD
Operating income−23.07M USD153.94M USD75.87M USD13.57M USD4.38M USD
Net income−171.72M USD92.5M USD908K USD−30.42M USD−14.37M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates2.290.39-1.52-3.43Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 0.262, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 1.9, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -0.686, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual -0.603, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual -0.18, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual -3.04, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual -0.21, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual -0.14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.68B1.42B1.15B890.17MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 1.12B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 1.36B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 954.91M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 1.22B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 1.16B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 1.36B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 1.31B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 14, 2026: actual 1.62B HKD, estimate —, surprise —, Comparison unavailable.

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