Tianshan Aluminum Group Co Ltd

SHE:002532 China Aluminum
Market Cap
$11.59 Billion
CN¥85.03 Billion CNY
Market Cap Rank
#2448 Global
#157 in China
Share Price
CN¥18.37
Change (1 day)
-1.55%
52-Week Range
CN¥6.87 - CN¥20.72
All Time High
CN¥20.72
Categories
Companies in China Aluminum
About

Tianshan Aluminum Group Co.,Ltd, together with its subsidiaries, produces and sells primary aluminum, alumina, prebaked anodes, high-purity aluminum, and aluminum deep-processed products and materials in China and internationally. The company offers bauxite, anode carbon blocks, electrolytic aluminum, and power battery aluminum foil, as well as power generation services. It also provides aluminum… Read more

Tianshan Aluminum Group Co Ltd (002532) - Net Assets

Latest net assets as of September 2025: CN¥29.05 Billion CNY

Based on the latest financial reports, Tianshan Aluminum Group Co Ltd (002532) has net assets worth CN¥29.05 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥55.97 Billion) and total liabilities (CN¥26.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥29.05 Billion
% of Total Assets 51.9%
Annual Growth Rate 42.07%
5-Year Change 39.04%
10-Year Change 1989.67%
Growth Volatility 297.35

Tianshan Aluminum Group Co Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Tianshan Aluminum Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tianshan Aluminum Group Co Ltd (2007–2024)

The table below shows the annual net assets of Tianshan Aluminum Group Co Ltd from 2007 to 2024.

Year Net Assets Change
2024-12-31 CN¥26.83 Billion +11.30%
2023-12-31 CN¥24.11 Billion +5.56%
2022-12-31 CN¥22.84 Billion +7.39%
2021-12-31 CN¥21.27 Billion +10.21%
2020-12-31 CN¥19.30 Billion +1230.13%
2019-12-31 CN¥1.45 Billion +2.03%
2018-12-31 CN¥1.42 Billion -2.23%
2017-12-31 CN¥1.45 Billion +5.69%
2016-12-31 CN¥1.38 Billion +7.16%
2015-12-31 CN¥1.28 Billion +11.50%
2014-12-31 CN¥1.15 Billion +7.61%
2013-12-31 CN¥1.07 Billion +11.62%
2012-12-31 CN¥958.82 Million +13.49%
2011-12-31 CN¥844.87 Million +8.57%
2010-12-31 CN¥778.15 Million +432.28%
2009-12-31 CN¥146.19 Million +50.83%
2008-12-31 CN¥96.92 Million +41.44%
2007-12-31 CN¥68.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tianshan Aluminum Group Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 66761.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥12.36 Billion 46.07%
Common Stock CN¥4.65 Billion 17.34%
Other Components CN¥9.82 Billion 36.59%
Total Equity CN¥26.83 Billion 100.00%

Tianshan Aluminum Group Co Ltd Competitors by Market Cap

The table below lists competitors of Tianshan Aluminum Group Co Ltd ranked by their market capitalization.

Company Market Cap
Matador Resources Company
NYSE:MTDR
 		$5.95 Billion
Tongwei Co Ltd
SHG:600438
 		$5.96 Billion
ARCADIUM LITHIUM CDI/1
F:7WO
 		$5.96 Billion
YANGTZE OPT.FIB.AND CAB.H
F:1YO
 		$5.96 Billion
Zhejiang Supcon Technology Co. Ltd. A
SHG:688777
 		$5.95 Billion
Enersys
NYSE:ENS
 		$5.94 Billion
Chewy Inc
NYSE:CHWY
 		$5.94 Billion
J&T Global Express Limited
F:J92
 		$5.94 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tianshan Aluminum Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 24,106,949,232 to 26,831,388,895, a change of 2,724,439,663 (11.3%).
  • Net income of 4,455,407,942 contributed positively to equity growth.
  • Dividend payments of 2,339,809,320 reduced retained earnings.
  • Share repurchases of 100,011,937 reduced equity.
  • Other factors increased equity by 708,852,978.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥4.46 Billion +16.61%
Dividends Paid CN¥2.34 Billion -8.72%
Share Repurchases CN¥100.01 Million -0.37%
Other Changes CN¥708.85 Million +2.64%
Total Change CN¥- 11.30%

Book Value vs Market Value Analysis

This analysis compares Tianshan Aluminum Group Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 3.16x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 139.27x to 3.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2007-12-31 CN¥0.13 CN¥18.37 x
2008-12-31 CN¥0.19 CN¥18.37 x
2009-12-31 CN¥0.28 CN¥18.37 x
2010-12-31 CN¥2.02 CN¥18.37 x
2011-12-31 CN¥1.62 CN¥18.37 x
2012-12-31 CN¥1.76 CN¥18.37 x
2013-12-31 CN¥1.97 CN¥18.37 x
2014-12-31 CN¥2.12 CN¥18.37 x
2015-12-31 CN¥2.35 CN¥18.37 x
2016-12-31 CN¥2.52 CN¥18.37 x
2017-12-31 CN¥2.74 CN¥18.37 x
2018-12-31 CN¥2.74 CN¥18.37 x
2019-12-31 CN¥2.80 CN¥18.37 x
2020-12-31 CN¥5.15 CN¥18.37 x
2021-12-31 CN¥4.57 CN¥18.37 x
2022-12-31 CN¥4.93 CN¥18.37 x
2023-12-31 CN¥5.21 CN¥18.37 x
2024-12-31 CN¥5.82 CN¥18.37 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tianshan Aluminum Group Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 16.61%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 15.86%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 2.12x
  • Recent ROE (16.61%) is below the historical average (39.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2007 40.29% 7.49% 1.63x 3.31x CN¥20.45 Million
2008 28.92% 6.64% 1.66x 2.62x CN¥17.97 Million
2009 32.63% 10.52% 1.54x 2.01x CN¥32.66 Million
2010 7.62% 10.43% 0.56x 1.29x CN¥-18.46 Million
2011 7.27% 7.87% 0.74x 1.26x CN¥-22.58 Million
2012 9.58% 9.16% 0.74x 1.41x CN¥-3.74 Million
2013 46.95% 4.48% 7.47x 1.40x CN¥373.27 Million
2014 8.07% 0.50% 11.66x 1.39x CN¥-20.91 Million
2015 75.21% 4.18% 13.37x 1.35x CN¥787.27 Million
2016 103.75% 6.28% 9.33x 1.77x CN¥1.22 Billion
2017 100.15% 6.78% 10.53x 1.40x CN¥1.28 Billion
2018 77.38% 4.43% 12.18x 1.44x CN¥929.77 Million
2019 106.48% 4.61% 16.38x 1.41x CN¥1.36 Billion
2020 9.91% 6.96% 0.54x 2.62x CN¥-17.34 Million
2021 18.02% 13.33% 0.54x 2.51x CN¥1.71 Billion
2022 11.61% 8.03% 0.58x 2.48x CN¥366.70 Million
2023 9.15% 7.61% 0.51x 2.37x CN¥-205.38 Million
2024 16.61% 15.86% 0.49x 2.12x CN¥1.77 Billion

Industry Comparison

This section compares Tianshan Aluminum Group Co Ltd's net assets metrics with peer companies in the Aluminum industry.

Industry Context

  • Industry: Aluminum
  • Average net assets among peers: $5,279,012,105
  • Average return on equity (ROE) among peers: 5.00%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tianshan Aluminum Group Co Ltd (002532) CN¥29.05 Billion 40.29% 0.93x $5.95 Billion
Jiaozuo Wanfang Aluminum (000612) $5.30 Billion 5.72% 0.48x $1.61 Billion
Yunnan Aluminium Co Ltd (000807) $20.91 Billion 15.94% 0.81x $9.26 Billion
Henan Shenhuo Coal & Power Co Ltd (000933) $10.42 Billion -3.52% 3.91x $7.28 Billion
Guangdong Hongtu Technology Holdings Co Ltd (002101) $1.35 Billion 8.74% 0.89x $588.97 Million
Jiangsu Alcha Aluminium Co Ltd (002160) $2.90 Billion -14.82% 1.20x $664.82 Million
Nanjing Yunhai Special Metals Co Ltd (002182) $1.09 Billion 0.35% 1.17x $1.55 Billion
ZYF Lopsking Aluminum Co Ltd (002333) $146.13 Million 24.51% 1.53x $136.76 Million
Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) $1.96 Billion -3.52% 0.60x $3.73 Billion
Jilin Liyuan Precision Manufacturing Co Ltd (002501) $3.44 Billion 11.58% 0.95x $703.83 Million