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002532.SZ
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Shenzhen Stock Exchange
Unclassified
Tianshan Aluminum Group Co Ltd
Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
71,2B CNY
P/E
11,2x
EV / Rev
2,3x
Div yield
4,84 %
Op margin
19,0 %
ROE
16,3 %
Net margin
16,3 %
Debt / equity
0,48
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
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Open
—
Next earnings
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Ex-dividend
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TR 1Y
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About
Tianshan Aluminum Group Co Ltd is a materials company operating in the Metals & Mining industry, generating revenue through aluminum production and related activities.
Business. Tianshan Aluminum Group Co Ltd is a materials company operating in the Metals & Mining industry, generating revenue through aluminum production and related activities.
Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
BUY6 analysts
6 buy0 hold0 sell
Avg 12m price target23,65
Analyst recommendations
6 analysts · consensus BuyBuy6
Hold0
Sell0
12-month price target
23,65
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation→
11,2x
P/E
Analysts→
Buy
6 analysts · indicative
Ownership
—
not yet wired
Profitability→
16,3 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to 002532.SZ. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Tianshan Aluminum Group Co Ltd is a materials company operating in the Metals & Mining industry, generating revenue through aluminum production and related activities.
Classification20 %
SectorUnclassified
AI synthesis
GENERATEDTianshan Aluminum maintains a balanced capital structure with a debt-to-equity ratio of 0.48 and a current ratio of 1.0. The company holds total assets of 54.15 billion CNY against total liabilities of 24.58 billion CNY, resulting in total equity of 29.57 billion CNY. Long-term debt stands at 14.29 billion CNY, while operating cash flow of 8.05 billion CNY exceeds free cash flow of 2.74 billion CNY due to capital expenditures of 1.53 billion CNY. The negative net cash position after subtracting total debt indicates a reliance on debt financing for operations and growth.
Profitability metrics show a return on equity of 16.29% and a return on assets of 8.90%. The company generated net income of 4.82 billion CNY on revenue of 29.50 billion CNY, yielding a net margin of approximately 16.3%. Operating income of 5.59 billion CNY reflects strong operational efficiency, with gross profit of 7.08 billion CNY indicating a gross margin of roughly 24.0%. These returns suggest effective capital deployment relative to the asset base, though specific cohort median comparisons are unavailable for benchmarking.
Key takeaways
- Debt-to-equity ratio of 0.48 indicates moderate leverage with manageable debt levels relative to equity.
- Return on equity of 16.29% demonstrates strong profitability and efficient use of shareholder capital.
- Negative net cash position after debt subtraction highlights reliance on debt financing and potential refinancing risk.
- Current ratio of 1.0 suggests tight short-term liquidity, requiring vigilant working capital management.
- Low dilution risk is confirmed by identical basic and diluted share counts, indicating no significant equity dilution instruments.
- Absence of historical data and segment breakdowns limits comprehensive growth and diversification analysis.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Annual
ANNUALFiled 2026-03-29
FY 2026 · Full-year highlights
Revenue ¥29.50B; Operating income ¥5.59B.
Revenue¥29.50B
Operating income¥5.59B
Net income¥4.82B
Free cash flow¥2.74B
EPS—
Operating cash flow¥8.05B
Financials
Income statement
Revenue¥29.50B
Gross profit¥7.08B
Operating income¥5.59B
Net income¥4.82B
Margins
Gross margin24.0%
Operating margin19.0%
Net margin16.3%
FCF margin9.3%
Balance sheet
Total assets¥54.15B
Total liabilities¥24.58B
Total equity¥29.57B
Cash & equivalents—
Long-term debt¥14.29B
Cash flow
Operating cash flow¥8.05B
CapEx-¥1.53B
Free cash flow¥2.74B
SBC—
P&L flow · revenue → net income
Highlights
- ▍Revenue ¥29.50B
- ▍Operating income ¥5.59B
- ▍Net margin 16.3%
Valuation FY
Market price
¥15,39
Market cap
¥53.74B
Enterprise valueⓘ
¥68.03B
P/Eⓘ
11.2x
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
2.3x
EV / Op incomeⓘ
12.2x
EV / OCFⓘ
8.4x
P / Bⓘ
1.8x
P / Tangible bookⓘ
1.8x
Tangible book
¥29.57B
Net cashⓘ
-¥14.29B
Current ratioⓘ
1.0
Debt / equityⓘ
0.5
ROAⓘ
8.9%
ROEⓘ
16.3%
Cash conversionⓘ
167.0%
CapEx / revenueⓘ
-5.2%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
2,03
Predicted surprise
+0,00
Beat probability
45 %
Analysts
6
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-20 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,03 |
| Revenue | —no estimate | —no estimate | 38,5B CNY |
| Operating income | —no estimate | —no estimate | 11,1B CNY |
Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution6 analysts
Strong buy2
Buy4
Hold0
Sell0
Strong sell0
12-month price target¥23,65 · Median ¥23,00
Low ¥23,00High ¥24,94
Operating income · consensus11,1B CNY
EPS surprise
−48,4 %
reported vs consensus · miss
Revenue surprise
−23,4 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low¥23,00
Mean¥23,65
Median¥23,00
High¥24,94
Spot¥15,39
+53.6 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin19,0 %Above P75
Net Margin16,3 %Above P75
ROE16,3 %Above P75
Capex / Rev-5,2 %Below median
D/E0,48Below median
Cash Conv1,67Above median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
— missing data
Physical assets
42 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| PT Tianshan Alumina power station | Power | Coal | Indonesia | Parent |
| PT Tianshan Alumina power station | Power | Power | Indonesia | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Power | China | Parent |
| XPCC Shihezi Cogen power station | Power | Power | China | Registered owner |
| XPCC Shihezi Cogen power station | Power | Coal | China | Parent |
| XPCC Shihezi Cogen power station | Power | Coal | China | Registered owner |
Tracked physical assets associated with this issuer (operated, managed, or owned).
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Ev To Revenueenterprise_value / revenue
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Equitynet_income / total_equity
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Ev To Operating Incomeenterprise_value / operating_income
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
Source documents
- Tianshan Aluminum Group Co Ltd Market data — financials · 2026-07-06
Ownership & reference
Insider activity
— missing data
Short positioning
— missing data
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
002532.SZCanonical
Shenzhen Stock Exchange · CNY
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Evidence & claims
From filings & derived data— missing data
The Thread
Everything we know, in order2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-03-29 13:06 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 29.50B · Net CNY 4.82B
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
Premium coverage