Shandong Nanshan Aluminium Co Ltd

Shandong Nanshan Aluminium maintains a conservative capital structure with a debt-to-equity ratio of 0.11 and a current ratio of 2.93, indicating strong short-term liquidity coverage. The company holds total equity of 49.59 billion CNY against total liabilities of 22.33 billion CNY, with long-term debt standing at 5.49 billion CNY. Despite positive operating cash flow of 7.43 billion CNY, free cash flow is negative at -0.53 billion CNY due to capital expenditures of 3.88 billion CNY, resulting in a net cash position that is negative after subtracting total debt.

Profitability metrics show a return on equity of 11.46% and a return on assets of 7.90%, with a net income of 4.74 billion CNY on revenue of 34.62 billion CNY. The gross profit stands at 8.69 billion CNY, yielding a gross margin of approximately 25.1%, while operating income is 6.56 billion CNY. Without cohort median data for direct comparison, these returns reflect the company's standalone efficiency in converting assets and equity into earnings within the materials sector.

Segment and geographic revenue breakdowns are not provided in the available data, preventing analysis of revenue concentration or regional exposure. The company's total revenue of 34.62 billion CNY represents its aggregate output, but specific contributions from distinct business units or geographic markets remain undisclosed in the current snapshot.

Growth trajectory analysis is limited by the absence of historical period data. The current financial snapshot provides a single-period view of revenue and net income, but without five-year annual or eight-quarter quarterly trends, it is not possible to assess the direction or velocity of revenue growth or earnings expansion.

Risk assessment indicates medium liquidity risk and low dilution risk, with a key flag noting that net cash is negative after subtracting total debt. The company's basic and diluted shares outstanding are identical at 11.48 billion, suggesting no immediate dilutive securities are currently impacting the share count. The negative free cash flow and significant capital expenditures warrant monitoring for potential future financing needs.

Recent observations include analyst estimates with a mean and median price target of 7.28 CNY, representing a significant upside from the current market price of 4.21 CNY. The mean recommendation is 2.00, with three buy ratings and no strong buy or hold ratings, indicating cautious optimism among analysts. No specific filing, news, or transcript observations are provided to detail recent corporate events or management signals.

Analysts project 53.8% upside to a mean price target of 7.275 CNY, signaling strong market confidence in future performance.

Net income CAGR of 8.5% over four years reflects consistent long-term earnings growth trajectory.

Net income is projected to decline by 2.0% in FY2026, signaling potential stagnation in profitability growth.

Operating income is expected to drop by 1.1% in FY2026, indicating pressure on core operational earnings.

The company faces a medium level of liquidity risk, which could constrain financial flexibility during market stress.

Revenue ¥34.62B, +3,4% YoY; Operating income −1,1% YoY.

• ▍Revenue ¥34.62B, +3,4% YoY
• ▍Operating income −1,1% YoY
• ▍Net income −2,0% YoY
• ▍Free cash flow −117,9% YoY
• ▍Net margin 13.7%

Revenue ¥33.48B, +16,1% YoY; Operating income +51,8% YoY.

• ▍Revenue ¥33.48B, +16,1% YoY
• ▍Operating income +51,8% YoY
• ▍Net income +39,0% YoY
• ▍Free cash flow −10,1% YoY
• ▍Net margin 14.4%

Revenue ¥28.84B, −17,5% YoY; Operating income +2,0% YoY.

• ▍Revenue ¥28.84B, −17,5% YoY
• ▍Operating income +2,0% YoY
• ▍Net income −1,2% YoY
• ▍Free cash flow −6,9% YoY
• ▍Net margin 12.0%

Revenue ¥34.95B, +21,7% YoY; Operating income +3,3% YoY.

• ▍Revenue ¥34.95B, +21,7% YoY
• ▍Operating income +3,3% YoY
• ▍Net income +3,1% YoY
• ▍Free cash flow −3,3% YoY
• ▍Net margin 10.1%

Revenue ¥28.73B; Operating income ¥4.14B.

• ▍Revenue ¥28.73B
• ▍Operating income ¥4.14B
• ▍Net margin 11.9%