Tianshan Aluminum Group (002532) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 7.93 billion, up 16.12% year-over-year.

• Net profit attributable to shareholders was RMB 1.06 billion, a 46.99% increase year-over-year.

• Basic and diluted EPS were both RMB 0.23, up from RMB 0.16 in Q1 2024.

• Total assets at quarter-end were RMB 54.99 billion, down 3.15% from year-end 2024.

Financial highlights

• Operating cash flow was RMB 801 million, down 23.95% year-over-year.

• Net profit excluding non-recurring items was RMB 1.04 billion, up 47.14% year-over-year.

• Non-recurring gains totaled RMB 19.82 million, mainly from government subsidies and asset disposals.

• Gross margin improved as revenue growth outpaced cost increases.

Key financial ratios and metrics

• Weighted average ROE was 3.87%, up from 2.94% a year ago.

• Net profit margin increased due to higher revenue and lower financial expenses.

• Cash and equivalents at quarter-end were RMB 590 million, down from RMB 1.82 billion at year-end.