Tianshan Aluminum Group (002532) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for Q3 2024 reached ¥1.01 billion, up 63.48% year-over-year; nine-month net profit was ¥3.08 billion, up 88.36% year-over-year.

• Revenue for Q3 2024 was ¥7.01 billion, down 7.12% year-over-year; nine-month revenue was ¥20.80 billion, down 6.93% year-over-year.

• Cash flow from operating activities for the nine months was ¥3.67 billion, up 62.11% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 was ¥0.22, up 69.23% year-over-year; nine-month EPS was ¥0.67, up 91.43%.

• Net profit excluding non-recurring items for Q3 was ¥999.78 million, up 66.96% year-over-year; nine-month adjusted net profit was ¥2.96 billion, up 122.72%.

• Gross margin improved as operating costs declined faster than revenue.

Key financial ratios and metrics

• Weighted average return on equity for Q3 was 3.91%, up from 1.26% a year ago; nine-month ROE was 12.23%, up from 5.17%.

• Total assets at period end were ¥58.59 billion, up 2.61% from year-end 2023.

• Owner's equity attributable to shareholders was ¥26.40 billion, up 9.53% from year-end 2023.