Price Target Changed • Jul 09
Price target decreased by 16% to CN¥7.18 Down from CN¥8.53, the current price target is an average from 2 analysts. New target price is 79% above last closing price of CN¥4.01. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.41 last year. Announcement • Jun 30
Shandong Nanshan Aluminium Co.,Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Declared Dividend • May 17
Dividend of CN¥0.14 announced Shareholders will receive a dividend of CN¥0.14. Ex-date: 20th May 2026 Payment date: 20th May 2026 Dividend yield will be 8.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.15 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (down from CN¥0.15 in 1Q 2025). Revenue: CN¥9.07b (up 1.0% from 1Q 2025). Net income: CN¥1.10b (down 35% from 1Q 2025). Profit margin: 12% (down from 19% in 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Announcement • Mar 30
Shandong Nanshan Aluminium Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.41 (in line with FY 2024). Revenue: CN¥34.6b (up 3.4% from FY 2024). Net income: CN¥4.74b (down 2.0% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 26
Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Apr 16, 2026 Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: 3F, Nanshan International Conference Center, Longkou, Yantai, Shandong China Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥6.11, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Metals and Mining industry in China. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.80 per share. New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.34, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.68 per share. Announcement • Dec 26
Shandong Nanshan Aluminium Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Price Target Changed • Nov 18
Price target increased by 10% to CN¥5.24 Up from CN¥4.75, the current price target is an average from 2 analysts. New target price is 6.2% above last closing price of CN¥4.93. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.41 last year. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.33, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 69% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥9.05b (up 5.8% from 3Q 2024). Net income: CN¥1.15b (down 12% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shandong Nanshan Aluminium Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.12 in 2Q 2024). Revenue: CN¥8.29b (down 1.8% from 2Q 2024). Net income: CN¥921.7m (down 31% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Shandong Nanshan Aluminium Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.07 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥8.98b (up 24% from 1Q 2024). Net income: CN¥1.70b (up 100% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Shandong Nanshan Aluminium Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.41 (up from CN¥0.30 in FY 2023). Revenue: CN¥33.5b (up 16% from FY 2023). Net income: CN¥4.83b (up 39% from FY 2023). Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Apr 15, 2025 Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Apr 15, 2025, at 14:30 China Standard Time. Location: 3F, Nanshan International Conference Center, Longkou, Yantai, Shandong China Announcement • Jan 17
Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) announces an Equity Buyback for CNY 600 million worth of its shares. Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) announces a share repurchase program. under the program the company is authorized to repurchase class A shares for not more than CNY 600 million. he shares will be purchased at a price not exceeding CNY 4.01 per share. The purpose of the program is to promote the company’s stock value to return to a reasonable level and to protect the company and its investments, especially small and medium-sized enterprises. The repurchased shares will be cancelled for reducing the registered capital. The repurchase will be funded from company's own or self-raised funds. The repurchase program is valid for a period of 12 months from shareholders' approval. Announcement • Dec 27
Shandong Nanshan Aluminium Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.07 in 3Q 2023). Revenue: CN¥8.56b (up 19% from 3Q 2023). Net income: CN¥1.30b (up 57% from 3Q 2023). Profit margin: 15% (up from 12% in 3Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 04
Upcoming dividend of CN¥0.04 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (2.2%). Announcement • Sep 30
Shandong Nanshan Aluminium Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.38, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 7.0% over the past three years. Major Estimate Revision • Aug 28
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥30.5b to CN¥33.4b. EPS estimate increased from CN¥0.336 to CN¥0.39 per share. Net income forecast to grow 4.4% next year vs 35% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥4.40 to CN¥4.60. Share price rose 3.3% to CN¥3.72 over the past week. Price Target Changed • Aug 22
Price target increased by 9.7% to CN¥4.60 Up from CN¥4.20, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥3.65. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.30 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.073 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.073 in 2Q 2023). Revenue: CN¥8.44b (up 10% from 2Q 2023). Net income: CN¥1.34b (up 68% from 2Q 2023). Profit margin: 16% (up from 10% in 2Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Shandong Nanshan Aluminium Co.,Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.04 in 1Q 2023). Revenue: CN¥7.22b (up 5.7% from 1Q 2023). Net income: CN¥851.0m (up 64% from 1Q 2023). Profit margin: 12% (up from 7.6% in 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to CN¥3.60. The fair value is estimated to be CN¥2.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period. Announcement • Mar 29
Shandong Nanshan Aluminium Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Major Estimate Revision • Mar 06
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥37.7b to CN¥32.6b. EPS estimate fell from CN¥0.34 to CN¥0.33 per share. Net income forecast to grow 12% next year vs 53% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥4.15 unchanged from last update. Share price rose 4.6% to CN¥3.16 over the past week. New Risk • Mar 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Feb 29
Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Mar 21, 2024 Shandong Nanshan Aluminium Co.,Ltd., Annual General Meeting, Mar 21, 2024, at 14:30 China Standard Time. Location: 3F, Nanshan International Conference Center, Longkou, Yantai, Shandong China Reported Earnings • Feb 29
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.30. Revenue: CN¥28.8b (down 18% from FY 2022). Net income: CN¥3.47b (down 1.2% from FY 2022). Profit margin: 12% (up from 10% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 5.3%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Announcement • Jan 20
Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) commences an Equity Buyback Plan for CNY 600 million worth of its shares, under the authorization approved on December 29, 2023. Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) commences share repurchases on January 18, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on December 29, 2023. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 600 million. he shares will be purchased at a price not exceeding CNY 4.43 per share. The purpose of the program is to promote the company’s stock value to return to a reasonable level and to protect the company and its investments, especially small and medium-sized enterprises. The repurchased shares will be cancelled for reducing the registered capital. TThe repurchase will be funded from company's own or self-raised funds. The repurchase program is valid for a period of 12 months from shareholders' approval. Announcement • Dec 29
Shandong Nanshan Aluminium Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 29, 2024 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 29, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.091 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.091 in 3Q 2022). Revenue: CN¥7.19b (down 17% from 3Q 2022). Net income: CN¥828.9m (down 19% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 30
Shandong Nanshan Aluminium Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Price Target Changed • Sep 19
Price target decreased by 13% to CN¥4.01 Down from CN¥4.59, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥3.25. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥0.33 for next year compared to CN¥0.29 last year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.073 (vs CN¥0.09 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.073 (down from CN¥0.09 in 2Q 2022). Revenue: CN¥7.67b (down 15% from 2Q 2022). Net income: CN¥794.2m (down 28% from 2Q 2022). Profit margin: 10% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Shandong Nanshan Aluminium Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Shandong Nanshan Aluminium Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Buying Opportunity • May 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be CN¥4.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.29 (in line with FY 2021). Revenue: CN¥35.0b (up 22% from FY 2021). Net income: CN¥3.52b (up 3.1% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jinshan Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 03
Price target decreased to CN¥4.58 Down from CN¥5.28, the current price target is an average from 4 analysts. New target price is 43% above last closing price of CN¥3.19. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.29 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.091 (vs CN¥0.079 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.091 (up from CN¥0.079 in 3Q 2021). Revenue: CN¥8.62b (up 9.9% from 3Q 2021). Net income: CN¥1.02b (up 1.0% from 3Q 2021). Profit margin: 12% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Sep 15
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥36.9b to CN¥33.1b. EPS estimate fell from CN¥0.34 to CN¥0.31 per share. Net income forecast to grow 13% next year vs 37% growth forecast for Metals and Mining industry in China. Consensus price target broadly unchanged at CN¥5.39. Share price was steady at CN¥3.55 over the past week. Major Estimate Revision • Sep 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥31.5b to CN¥36.9b. EPS estimate fell from CN¥0.35 to CN¥0.34. Net income forecast to grow 15% next year vs 36% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥5.33 unchanged from last update. Share price fell 6.7% to CN¥3.34 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.099 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.09. Revenue: CN¥9.05b (up 33% from 2Q 2021). Net income: CN¥1.10b (up 14% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.6%, compared to a 31% growth forecast for the Metals and Mining industry in China. Announcement • May 17
Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) acquired the remaining 40% stake in Longkou Nanshan Renewable Resources Co., Ltd. from United New Materials Technology Investment Co., Ltd. for approximately CNY 130 million. Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) acquired the remaining 40% stake in Longkou Nanshan Renewable Resources Co., Ltd. from United New Materials Technology Investment Co., Ltd. for approximately CNY 130 million effective May 16, 2022. Post transaction, Shandong Nanshan Aluminium holds 100% stake in Longkou Nanshan Renewable Resources. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.04 in 1Q 2021). Revenue: CN¥8.86b (up 54% from 1Q 2021). Net income: CN¥722.0m (up 35% from 1Q 2021). Profit margin: 8.2% (down from 9.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 10%, compared to a 34% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to CN¥5.53 Down from CN¥5.95, the current price target is an average from 8 analysts. New target price is 74% above last closing price of CN¥3.18. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.29 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jinshan Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 20
Price target decreased to CN¥5.53 Down from CN¥6.13, the current price target is an average from 8 analysts. New target price is 54% above last closing price of CN¥3.60. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.29 last year. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.28 (up from CN¥0.17 in FY 2020). Revenue: CN¥28.7b (up 29% from FY 2020). Net income: CN¥3.41b (up 66% from FY 2020). Profit margin: 12% (up from 9.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 15%, compared to a 10,797% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.09, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.88 per share. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.28 (up from CN¥0.17 in FY 2020). Revenue: CN¥28.7b (up 29% from FY 2020). Net income: CN¥3.41b (up 66% from FY 2020). Profit margin: 12% (up from 9.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.5%, compared to a 10,600% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.079 (vs CN¥0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.84b (up 45% from 3Q 2020). Net income: CN¥1.01b (up 79% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 114% over the past three years. Price Target Changed • Aug 30
Price target increased to CN¥5.97 Up from CN¥5.30, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥5.74. Stock is up 114% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.058 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥6.80b (up 30% from 2Q 2020). Net income: CN¥970.5m (up 75% from 2Q 2020). Profit margin: 14% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.68 per share. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥4.37, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.65 per share. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.14 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥22.3b (up 3.7% from FY 2019). Net income: CN¥2.05b (up 26% from FY 2019). Profit margin: 9.2% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Price Target Changed • Mar 28
Price target increased to CN¥5.05 Up from CN¥4.03, the current price target is an average from 4 analysts. New target price is 45% above last closing price of CN¥3.48. Stock is up 68% over the past year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥3.77, the stock is trading at a trailing P/E ratio of 25.1x, down from the previous P/E ratio of 31.1x. This compares to an average P/E of 35x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 28%. Is New 90 Day High Low • Feb 08
New 90-day high: CN¥4.02 The company is up 51% from its price of CN¥2.67 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.48 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.85, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 36%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.66, the stock is trading at a trailing P/E ratio of 24.4x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥3.26 The company is up 42% from its price of CN¥2.29 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.42 per share. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.26, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 31x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 3.1%. Price Target Changed • Dec 01
Price target raised to CN¥3.05 Up from CN¥2.33, the current price target is an average from 5 analysts. The new target price is 5.9% above the current share price of CN¥2.88. As of last close, the stock is up 34% over the past year. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥2.70 The company is up 14% from its price of CN¥2.37 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.34 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.77b, up 36% from the prior year. Total revenue was CN¥20.8b over the last 12 months, down 3.6% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 28
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 67% at CN¥0.05. Revenue is forecast to grow 9.8% over the next year, compared to a 13% growth forecast for the Metals and Mining industry in China. Announcement • Oct 20
Shandong Nanshan Aluminium Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Shandong Nanshan Aluminium Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 09
Shandong Nanshan Aluminium Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Shandong Nanshan Aluminium Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
