002532.SHE Tianshan Aluminum Group Co Ltd
- Market cap
- CNY 55.2B
- P/E
- 6.9x
- P/B
- 1.69x
- ROE
- 26.2%
- Dividend yield
- 4.27%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002532.SHE undervalued?
Graham number002532.SHE trades 27.8% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Tianshan Aluminum Group Co Ltd fundamental analysis
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Tianshan Aluminum Group Co Ltd stock price
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About Tianshan Aluminum Group Co Ltd
Tianshan Aluminum Group Co.,Ltd, together with its subsidiaries, produces and sells primary aluminum, prebaked anodes, high-purity aluminum, alumina, and aluminum foil products in China and internationally. It operates through Original Aluminum Plate, High-Purity Aluminum, Aluminum Oxide Plate, Aluminum Foil and Aluminum Foil Stock, and other segments. The company offers bauxite, anode carbon, electrolytic aluminum, and power battery aluminum foil, as well as power generatio…
Full company profileTianshan Aluminum Group Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Tianshan Aluminum Group Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.32B | 1.50B | 1.50B | 32.6B | 27.5B | 28.7B | 33.0B | 29.0B | 28.1B | 29.5B | 36.6B |
| Gross Profit | 2.70B | 3.28B | 3.60B | 3.29B | 3.75B | 6.56B | 5.05B | 4.09B | 6.54B | 7.20B | 13.7B |
| Operating Income | 1.73B | 1.89B | 158M | 1.91B | 2.39B | 4.94B | 3.36B | 2.64B | 5.22B | 6.20B | 12.5B |
| EBITDA | 2.75B | 2.92B | 3.52B | 3.63B | 4.15B | 6.97B | 5.49B | 4.71B | 7.47B | 7.91B | 12.1B |
| Net Income | 117M | 130M | 131M | 1.50B | 1.91B | 3.83B | 2.65B | 2.21B | 4.46B | 4.82B | 8.56B |
| EPS | 0.23 | 0.25 | 0.26 | 2.98 | 0.51 | 0.82 | 0.57 | 0.48 | 0.97 | 1.04 | 1.85 |
| Balance Sheet | |||||||||||
| Total Assets | 2.30B | 1.98B | 1.98B | 41.0B | 50.6B | 53.5B | 57.3B | 57.1B | 56.8B | 54.1B | 52.8B |
| Total Liabilities | 925M | 529M | 558M | 28.4B | 31.3B | 32.2B | 34.4B | 33.0B | 29.9B | 24.6B | 20.2B |
| Shareholders' Equity | 1.30B | 1.41B | 1.38B | 12.5B | 19.3B | 21.3B | 22.9B | 24.1B | 26.8B | 29.6B | 32.7B |
| Cash & Short-term Investments | 251M | 317M | 236M | 5.12B | 10.5B | 7.58B | 8.83B | 7.81B | 9.11B | 6.54B | 5.70B |
| Total Debt | 197M | 63.8M | 133M | 8.74B | 9.38B | 9.41B | 10.7B | 15.8B | 11.1B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 245M | 109M | 152M | 4.19B | 3.10B | 1.98B | 3.16B | 3.92B | 5.22B | 8.05B | - |
| Capital Expenditure | 283M | 132M | 146M | 110M | 2.19B | 2.87B | 2.15B | 2.36B | 1.28B | 1.53B | 1.27B |
| Free Cash Flow | -38.2M | -22.1M | 6.12M | 155M | 912M | -890M | 1.01B | 1.56B | 3.94B | 6.52B | 9.95B |
| Ratios | |||||||||||
| ROE | 9.0% | 9.2% | 9.5% | 12.0% | 9.9% | 18.0% | 11.6% | 9.1% | 16.6% | 16.3% | 26.2% |
| ROA | 5.1% | 6.5% | 6.6% | 3.7% | 3.8% | 7.2% | 4.6% | 3.9% | 7.8% | 8.9% | 16.2% |
| Net Profit Margin | 8.9% | 8.7% | 8.7% | 4.6% | 7.0% | 13.3% | 8.0% | 7.6% | 15.9% | 16.3% | 23.4% |
| Debt to Equity | 0.15x | 0.05x | 0.10x | 0.70x | 0.49x | 0.44x | 0.47x | 0.66x | 0.41x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Tianshan Aluminum Group Co Ltd dividends
- Dividend yield
- 4.27%
- Forward dividend
- 0.65 CNY
- Payout ratio
- 48.9%
- Ex-dividend date
- Aug 19, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 2.36B | 0.51 | 48.9% |
| 2024 | CNY 2.34B | 0.51 | 52.5% |
| 2023 | CNY 1.77B | 0.38 | 80.4% |
| 2022 | CNY 1.85B | 0.40 | 70.0% |
| 2021 | CNY 2.91B | 0.62 | 75.8% |
| 2020 | CNY 1.19B | 0.32 | 62.1% |
| 2019 | CNY 1.17B | 2.32 | 77.8% |
| 2018 | CNY 103M | 0.20 | 78.7% |
| 2017 | CNY 16.1M | 0.03 | 12.4% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 16:10 on Jun 6, 2017.
Who owns Tianshan Aluminum Group Co Ltd
- Insiders 44.46%
- Institutions 15.47%
- Public & others 40.07%
- Shares outstanding 4.63B
- Free float 2.39B
Tianshan Aluminum Group Co Ltd company profile
- Company name
- Tianshan Aluminum Group Co Ltd
- Ticker
- 002532.SHE
- ISIN
- CNE100000YJ6
- Exchange
- Shenzhen Stock Exchange
- Sector
- Basic Materials
- Industry
- Machinery
- Employees
- 8,022
- Fiscal year end
- December
- Address
- GLP Building, Shanghai, China, 200135
- Phone
- 86 21 5877 3690
- Website
- tslyjt.com
About Tianshan Aluminum Group Co Ltd
Tianshan Aluminum Group Co.,Ltd, together with its subsidiaries, produces and sells primary aluminum, prebaked anodes, high-purity aluminum, alumina, and aluminum foil products in China and internationally. It operates through Original Aluminum Plate, High-Purity Aluminum, Aluminum Oxide Plate, Aluminum Foil and Aluminum Foil Stock, and other segments. The company offers bauxite, anode carbon, electrolytic aluminum, and power battery aluminum foil, as well as power generation and aluminum deep processing services. It also provides aluminum ingots; carbon and its products; furnace charge products; aluminum alloy materials; aluminum hydroxide; comprehensive services for the energy industry chain; aluminum smelting; high-precision aluminum engineering-related technical services; and vocational and technical training services. In addition, it engages in the wholesale of metals and metal ores; construction and operation of railways; quicklime mining and sales; unit logistics management services; and international trade and foreign investment activities. Tianshan Aluminum Group Co.,Ltd was founded in 1997 and is based in Shanghai, China.
Tianshan Aluminum Group Co Ltd management
6- Mr. Chaolin ZengChairman & GM · born 1982
- Ms. Chunhua HuFinancial Manager · born 1979
- Mr. Qingyun ZhaoDeputy GM & Director · born 1964
- Mr. Jianliang ZhouSecretary of the Board of Directors & Deputy GM · born 1973
- Ms. Yazhou LiDeputy General Manager · born 1976
- Hongsong ZhuAccounting Supervisor