---
title: "山西美錦能源股份有限公司 (000723.SZ)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/000723.SZ.md"
symbol: "000723.SZ"
name: "山西美錦能源股份有限公司"
industry: "鋼鐵"
---

# 山西美錦能源股份有限公司 (000723.SZ)

| Item | Detail |
|------|--------|
| Industry | 鋼鐵 |
| Location | 滬深市場 |
| Website | [www.mjenergy.cn](https://www.mjenergy.cn) |

## Company Profile

公司是全國最大的獨立商品焦和煉焦煤生產商之一，是氫能全產業鏈布局的頭部企業，是能源行業率先轉型升級的革新者。1981 年，公司第一代創業者在清徐起步。公司于 2007 年借殼上市，2015 年完成重大資產重組。公司主要從事煤炭、焦化、天然氣、氫燃料電池汽車為主的新能源汽車等商品的生產銷售。公司主要產品有煤炭、焦化、天然氣、氫燃料電池汽車為主的新能源汽車等。企業榮譽:2017 年 5 月，公司榮獲河鋼集團戰略供應商、優秀供應商，2017 年中國民營企業 500 強第 333 位;2017 年中國民營企業制造業 500 強第 195 位、2011 年 12 月獲得由山西省總工會，山西省工商聯聯合頒...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:09.000Z

**Overall: D (0.80)**

**Industry**: Steel

| Metric | Value |
|--------|-------|
| Industry Ranking | 65 / 87 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -13.31% |  |
| Net Profit YoY | -58.68% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.57 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 20.87B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 17.64B |  |


**Multi Score**: D

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 0.00% | D |
| Profit Margin | 0.00% | D |
| Gross Margin | 15.27% | D |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -13.31% | E |
| Net Profit YoY | -58.68% | D |
| Total Assets YoY | 1.87% | C |
| Net Assets YoY | -4.52% | D |

#### Cash Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -1439.84% | E |
| OCF YoY | -13.31% | E |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.00 | E |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 65.32% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 山西美錦能源股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "0.00%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "0.00%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "15.27%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-13.31%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-58.68%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "1.87%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "-4.52%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "E",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-1439.84%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "-13.31%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.00",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "65.32%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 久立特材 (SZ.002318) | B | B | A | B | B | B |
| 02 | 禾盛新材 (SZ.002290) | B | B | A | C | B | B |
| 03 | 雲路股份 (SH.688190) | B | C | B | B | C | B |
| 04 | 常寶股份 (SZ.002478) | B | C | B | B | C | B |
| 05 | 銀龍股份 (SH.603969) | B | B | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -17.04 | 69/87 | - | - | - |
| PB | 1.57 | 33/87 | 1.63 | 1.54 | 1.38 |
| PS (TTM) | 1.18 | 41/87 | 1.20 | 1.12 | 1.00 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2025-08-25T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 0 | 0% |
| Overweight | 1 | 100% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 4.74 |
| Highest Target | 5.00 |
| Lowest Target | 5.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/000723.SZ/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/000723.SZ/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/000723.SZ/topics.md) - Community topics and discussions

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.