NANSHAN ALUMINIUM INTERNATIONAL HOLDINGS LIMITED

Cash flow Nanshan Aluminium International Holdings Limited

Stocks

2610

KYG6391R1074

Aluminum

Market Closed - Hong Kong S.E. Other stock markets 09:08:30 11/06/2026 BST			5-day change	1st Jan Change
30.84 ^HKD	-0.87%		-14.19%	-36.33%

06-05	Nanshan Aluminium International Holdings Limited Approves A Final Dividend for the Year Ended December 31, 2025, Payable on or Before July 17, 2026	CI
05-01	Certain Ordinary Shares of Nanshan Aluminium International Holdings Limited are subject to a Lock-Up Agreement Ending on 1-MAY-2026.	CI

478a578ee90da5f0.j121N6kymtng6koMLwBoRviwUE6OSii4YMYDzLBDaT0.6Brwc-FL0ui3vQFBSFcFDa2EHHjXCUHpGpRGq4cHUA36b_1NxVrKlJipBw

Published financial data: NANSHAN ALUMINIUM INTERNATIONAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	173M	467M	678M	1.02B	1.14B
Total Revenues	173M	467M	678M	1.02B	1.14B
Cost of Goods Sold, Total	128M	355M	480M	504M	664M
Gross Profit	44.8M	112M	198M	517M	478M
Selling General & Admin Expenses, Total	9.49M	16.59M	21.34M	33.74M	30.54M
Provision for Bad Debts	432K	-3K	729K	-708K	627K
Other Operating Expenses	-279K	-909K	-534K	-1.17M	-7.53M
Other Operating Expenses, Total	9.64M	15.68M	21.53M	31.86M	23.63M
Operating Income	35.16M	96.39M	176M	485M	454M
Interest Expense, Total	-	-	-	-3K	-5K
Interest And Investment Income	3.83M	1.62M	8.4M	11.35M	13.19M
Net Interest Expenses	3.83M	1.62M	8.4M	11.35M	13.19M
Currency Exchange Gains (Loss)	2.68M	5.13M	2.55M	4.53M	6.54M
EBT, Excl. Unusual Items	41.66M	103M	187M	501M	474M
Gain (Loss) On Sale Of Assets	-4K	-6K	-	-	5.24M
EBT, Incl. Unusual Items	41.66M	103M	187M	501M	479M
Income Tax Expense	1.95M	7.04M	13.56M	43.3M	61.22M
Earnings From Continuing Operations	39.71M	96.09M	174M	457M	418M
Net Income to Company	39.71M	96.09M	174M	457M	418M
Minority Interest	-11.25M	-28.4M	-50.86M	-55.6M	-9.67M
Net Income - (IS)	28.46M	67.69M	123M	402M	408M
Net Income to Common Incl Extra Items	28.46M	67.69M	123M	402M	408M
Net Income to Common Excl. Extra Items	28.46M	67.69M	123M	402M	408M
Per Share Items
Net EPS - Basic	0.09	0.2	0.35	0.94	0.72
Basic EPS - Continuing Operations	0.09	0.2	0.35	0.94	0.72
Basic Weighted Average Shares Outstanding	311M	333M	349M	425M	567M
Net EPS - Diluted	0.09	0.2	0.35	0.94	0.72
Diluted EPS - Continuing Operations	0.09	0.2	0.35	0.94	0.72
Diluted Weighted Average Shares Outstanding	311M	333M	349M	425M	567M
Normalized Basic EPS	0.05	0.11	0.19	0.6	0.51
Normalized Diluted EPS	0.05	0.11	0.19	0.6	0.51
Dividend Per Share	-	-	-	-	0.13
Payout Ratio	-	-	14.71	16.85	75.71
Supplemental Items
EBITDA	56.32M	139M	231M	543M	519M
EBITA	35.32M	96.63M	177M	486M	455M
EBIT	35.16M	96.39M	176M	485M	454M
Effective Tax Rate - (Ratio)	4.68	6.83	7.25	8.65	12.77
Current Foreign Taxes	-	71K	2.85M	-	-
Total Current Taxes	-	71K	2.85M	34.2M	65.94M
Deferred Foreign Taxes	1.95M	6.97M	10.72M	-	-
Total Deferred Taxes	1.95M	6.97M	10.72M	9.09M	-4.72M
Normalized Net Income	14.79M	36.06M	66.07M	257M	287M
Interest on Long-Term Debt	-	-	-	3K	5K
Non-Cash Pension Expense	1K	2K	2K	3K	11K
Supplemental Operating Expense Items
Selling and Marketing Expenses	110K	1.86M	3.19M	5.49M	1.56M
General and Administrative Expenses	9.38M	14.73M	18.14M	28.25M	28.96M
Stock-Based Comp., Other (Total)	-	-	-	-	6.01M
Total Stock-Based Compensation	-	-	-	-	6.01M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	225M	220M	252M	454M	321M
Short Term Investments	-	-	-	-	77.11M
Total Cash And Short Term Investments	225M	220M	252M	454M	398M
Accounts Receivable, Total	14.69M	11.48M	62.59M	41.01M	64.14M
Other Receivables	18.94M	3.42M	15.06M	16.49M	22.57M
Total Receivables	33.63M	14.9M	77.65M	57.5M	86.71M
Inventory	73.81M	78.03M	176M	129M	227M
Restricted Cash	3.2M	11.17M	3.12M	4.32M	1.72M
Other Current Assets, Total	-	-	258K	693K	-
Total Current Assets	336M	324M	508M	645M	714M
Gross Property Plant And Equipment	884M	1.02B	1.04B	1.19B	1.67B
Accumulated Depreciation	-26.18M	-63.56M	-118M	-169M	-225M
Net Property Plant And Equipment	858M	954M	922M	1.02B	1.44B
Long-term Investments	-	-	-	-	428K
Other Intangibles, Total	694K	411K	5.35M	4.61M	5.11M
Other Long-Term Assets, Total	8.22M	4.33M	2.18M	50.74M	86.17M
Total Assets	1.2B	1.28B	1.44B	1.72B	2.25B
Liabilities
Accounts Payable, Total	16.41M	11.65M	35.61M	17.89M	58.76M
Accrued Expenses, Total	1.79M	13.54M	3.45M	7.82M	5.8M
Short-term Borrowings	2.13M	1.75M	907K	-	-
Current Portion of Leases	-	-	-	134K	80K
Current Income Taxes Payable	-	-	108K	14.73M	52.11M
Unearned Revenue Current, Total	-	-	-	495K	-
Other Current Liabilities	175M	251M	109M	356M	208M
Total Current Liabilities	195M	278M	149M	397M	325M
Long-Term Leases	-	-	-	80K	-
Pension & Other Post Retirement Benefits	18K	15K	57K	318K	365K
Deferred Tax Liability Non Current	1.95M	8.92M	19.63M	28.73M	24.01M
Total Liabilities	197M	287M	168M	426M	350M
Common Stock, Total	704M	704M	786M	-	-
Additional Paid In Capital	-	-	-	857M	1.15B
Retained Earnings	11.88M	79.58M	183M	518M	878M
Comprehensive Income and Other	13.78M	-63.17M	-50.62M	-111M	-168M
Total Common Equity	730M	721M	919M	1.26B	1.86B
Minority Interest	275M	275M	351M	30.14M	35.3M
Total Equity	1.01B	996M	1.27B	1.29B	1.9B
Total Liabilities And Equity	1.2B	1.28B	1.44B	1.72B	2.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	311M	333M	588M	588M	589M
ECS Total Common Shares Outstanding	311M	333M	588M	588M	589M
Book Value / Share	2.35	2.16	1.56	2.15	3.16
Tangible Book Value	729M	720M	913M	1.26B	1.86B
Tangible Book Value Per Share	2.35	2.16	1.55	2.14	3.15
Total Debt	2.13M	1.75M	907K	214K	80K
Net Debt	-223M	-218M	-251M	-454M	-398M
Debt Equivalent of Unfunded Proj. Benefit Obligation	26K	25K	77K	339K	395K
Minority Interest, Total (Incl. Fin. Div)	275M	275M	351M	30.14M	35.3M
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Raw Materials, Total	25.52M	40.57M	97.19M	54.36M	128M
Inventories - Work In Process, Total	18.4M	27.31M	26.76M	35.82M	81.33M
Inventories - Finished Goods, Total	5.06M	2.48M	5.93M	9.44M	2.6M
Buildings, Total	-	-	-	-	998M
Machinery, Total	675M	872M	975M	960M	554M
Full Time Employees	-	-	-	3.28K	3.85K
Accumulated Allowance for Doubtful Accounts (Supple)	434K	390K	1.12M	374K	976K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	28.46M	67.69M	123M	402M	408M
Depreciation & Amortization - CF	22.97M	44.28M	56.45M	59.64M	66.15M
Amortization of Goodwill and Intangible Assets - (CF)	160K	244K	389K	676K	972K
Depreciation & Amortization, Total	23.13M	44.53M	56.84M	60.32M	67.12M
(Gain) Loss From Sale Of Asset	4K	6K	-	1K	-5.24M
Stock-Based Compensation (CF)	-	-	-	-	6.01M
Provision and Write-off of Bad Debts	432K	-3K	729K	-708K	627K
Other Operating Activities, Total	13.2M	35.37M	61.68M	79.32M	41.27M
Change In Accounts Receivable	-15.13M	3.25M	-51.83M	22.33M	-23.73M
Change In Inventories	-48.5M	-21.38M	-59.52M	30.26M	-113M
Change In Accounts Payable	-5.47M	-4.76M	23.96M	-17.72M	40.87M
Change in Unearned Revenues	-	-	-	495K	-495K
Change in Other Net Operating Assets	-4.84M	38.34M	-58.26M	5.72M	-62.63M
Cash from Operations	-8.71M	163M	96.27M	582M	360M
Capital Expenditure	-129M	-145M	-72.8M	-271M	-392M
Sale of Property, Plant, and Equipment	-	-	453K	1K	7.48M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-77.54M
Other Investing Activities, Total	-8.79M	-5.14M	-1.84M	-2.83M	248K
Cash from Investing	-137M	-150M	-74.18M	-274M	-462M
Short Term Debt Issued, Total	400K	700K	1.36M	17.44M	-
Total Debt Issued	400K	700K	1.36M	17.44M	-
Short Term Debt Repaid, Total	-132K	-1.08M	-2.2M	-18.35M	-
Long-Term Debt Repaid, Total	-	-	-	-43K	-134K
Total Debt Repaid	-132K	-1.08M	-2.2M	-18.39M	-134K
Issuance of Common Stock	87.14M	-	4.08M	-	298M
Common Dividends Paid	-	-	-18.05M	-67.69M	-309M
Common & Preferred Stock Dividends Paid	-	-	-18.05M	-67.69M	-309M
Other Financing Activities, Total	71.78M	-	19.94M	-27.73M	-7.27M
Cash from Financing	159M	-383K	5.13M	-96.36M	-18.35M
Foreign Exchange Rate Adjustments	-7.01M	-17.76M	4.6M	-9.3M	-12.25M
Net Change in Cash	5.99M	-5.48M	31.81M	203M	-133M
Supplemental Items
Cash Interest Paid	-	-	-	3K	5K
Cash Income Tax Paid (Refund)	-	71K	2.74M	19.58M	28.56M
Levered Free Cash Flow	-	49.19M	-187M	407M	-231M
Unlevered Free Cash Flow	-	49.19M	-187M	407M	-231M
Change In Net Working Capital	-	-89.65M	281M	-315M	196M
Net Debt Issued / Repaid	268K	-383K	-843K	-950K	-134K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	4.85	8.09	19.19	14.31
Return on Total Capital	-	6.01	9.71	23.63	17.78
Return On Equity %	-	9.6	15.32	35.68	26.19
Return on Common Equity	-	9.33	14.96	36.81	26.12
Margin Analysis
Gross Profit Margin %	25.92	24.01	29.16	50.62	41.86
SG&A Margin	5.49	3.55	3.15	3.31	2.67
EBITDA Margin %	32.58	29.73	34.06	53.2	45.46
EBITA Margin %	20.44	20.7	26.04	47.57	39.88
EBIT Margin %	20.34	20.65	25.99	47.5	39.79
Income From Continuing Operations Margin %	22.97	20.59	25.6	44.81	36.62
Net Income Margin %	16.47	14.5	18.1	39.37	35.77
Net Avail. For Common Margin %	16.47	14.5	18.1	39.37	35.77
Normalized Net Income Margin	8.56	7.73	9.75	25.21	25.1
Levered Free Cash Flow Margin	-	10.54	-27.53	39.9	-20.27
Unlevered Free Cash Flow Margin	-	10.54	-27.53	39.9	-20.27
Asset Turnover
Asset Turnover	-	0.38	0.5	0.65	0.58
Fixed Assets Turnover	-	0.52	0.72	1.05	0.93
Receivables Turnover (Average Receivables)	-	35.66	18.3	19.71	21.72
Inventory Turnover (Average Inventory)	-	4.67	3.79	3.31	3.73
Short Term Liquidity
Current Ratio	1.72	1.17	3.42	1.62	2.2
Quick Ratio	1.33	0.85	2.21	1.29	1.49
Operating Cash Flow to Current Liabilities	-0.04	0.59	0.65	1.47	1.11
Days Sales Outstanding (Average Receivables)	-	10.23	19.94	18.57	16.81
Days Outstanding Inventory (Average Inventory)	-	78.12	96.39	110.47	97.86
Average Days Payable Outstanding	-	14.27	14.93	21.42	18.35
Cash Conversion Cycle (Average Days)	-	74.09	101.41	107.63	96.32
Long Term Solvency
Total Debt/Equity	0.21	0.18	0.07	0.02	0
Total Debt / Total Capital	0.21	0.18	0.07	0.02	0
LT Debt/Equity	-	-	-	0.01	-
Long-Term Debt / Total Capital	-	-	-	0.01	-
Total Liabilities / Total Assets	16.38	22.35	11.71	24.77	15.55
EBIT / Interest Expense	-	-	-	162K	90.87K
EBITDA / Interest Expense	-	-	-	182K	104K
(EBITDA - Capex) / Interest Expense	-	-	-	91.46K	25.86K
Total Debt / EBITDA	0.04	0.01	0	0	0
Net Debt / EBITDA	-3.83	-1.55	-1.08	-0.83	-0.76
Total Debt / (EBITDA - Capex)	-0.03	-0.41	0.01	0	0
Net Debt / (EBITDA - Capex)	3.17	50.51	-1.56	-1.65	-3.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	170.06	45.21	50.59	11.87
Gross Profit, 1 Yr. Growth %	-	150.14	76.38	161.39	-7.49
EBITDA, 1 Yr. Growth %	-	146.38	66.36	135.49	-4.4
EBITA, 1 Yr. Growth %	-	173.59	82.68	175.42	-6.22
EBIT, 1 Yr. Growth %	-	174.14	82.73	175.65	-6.29
Earnings From Cont. Operations, 1 Yr. Growth %	-	141.98	80.58	163.6	-8.59
Net Income, 1 Yr. Growth %	-	137.82	81.21	227.57	1.65
Normalized Net Income, 1 Yr. Growth %	-	143.79	83.22	289.5	11.38
Diluted EPS Before Extra, 1 Yr. Growth %	-	121.76	72.86	169.14	-23.74
Accounts Receivable, 1 Yr. Growth %	-	-21.85	445.05	-34.48	56.41
Inventory, 1 Yr. Growth %	-	5.72	124.99	-26.7	76.63
Net Property, Plant and Equip., 1 Yr. Growth %	-	11.18	-3.28	10.59	41.44
Total Assets, 1 Yr. Growth %	-	6.63	12.16	19.66	30.68
Tangible Book Value, 1 Yr. Growth %	-	-1.23	26.79	37.9	47.54
Common Equity, 1 Yr. Growth %	-	-1.27	27.46	37.6	47.41
Cash From Operations, 1 Yr. Growth %	-	-1.97K	-40.95	504.38	-38.17
Capital Expenditures, 1 Yr. Growth %	-	12.86	-49.87	271.92	44.84
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-479.27	-318.12	-156.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-479.27	-318.12	-156.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	98.03	47.87	29.79
Gross Profit, 2 Yr. CAGR %	-	-	110.05	114.72	55.5
EBITDA, 2 Yr. CAGR %	-	-	102.46	97.83	50.04
EBITA, 2 Yr. CAGR %	-	-	123.56	124.15	60.72
EBIT, 2 Yr. CAGR %	-	-	123.82	124.27	60.72
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	109.04	118.18	55.22
Net Income, 2 Yr. CAGR %	-	-	107.6	143.64	82.47
Normalized Net Income, 2 Yr. CAGR %	-	-	111.35	167.14	108.28
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	95.79	115.69	43.26
Accounts Receivable, 2 Yr. CAGR %	-	-	106.38	88.97	1.23
Inventory, 2 Yr. CAGR %	-	-	54.23	28.42	13.78
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	3.7	3.42	25.07
Total Assets, 2 Yr. CAGR %	-	-	9.36	15.85	25.05
Tangible Book Value, 2 Yr. CAGR %	-	-	11.9	32.23	42.64
Common Equity, 2 Yr. CAGR %	-	-	12.18	32.43	42.42
Cash From Operations, 2 Yr. CAGR %	-	-	232.48	88.91	93.3
Capital Expenditures, 2 Yr. CAGR %	-	-	-24.79	36.54	132.09
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	187.74	11.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	187.74	11.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	80.75	34.74
Gross Profit, 3 Yr. CAGR %	-	-	-	125.93	62.17
EBITDA, 3 Yr. CAGR %	-	-	-	112.84	55.24
EBITA, 3 Yr. CAGR %	-	-	-	139.54	67.65
EBIT, 3 Yr. CAGR %	-	-	-	139.8	67.67
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	125.84	63.25
Net Income, 3 Yr. CAGR %	-	-	-	141.68	82.05
Normalized Net Income, 3 Yr. CAGR %	-	-	-	159.12	99.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	117.7	52.52
Accounts Receivable, 3 Yr. CAGR %	-	-	-	40.79	77.43
Inventory, 3 Yr. CAGR %	-	-	-	20.36	42.82
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	5.95	14.8
Total Assets, 3 Yr. CAGR %	-	-	-	12.69	20.59
Tangible Book Value, 3 Yr. CAGR %	-	-	-	19.97	37.14
Common Equity, 3 Yr. CAGR %	-	-	-	20.08	37.24
Cash From Operations, 3 Yr. CAGR %	-	-	-	305.77	30.18
Capital Expenditures, 3 Yr. CAGR %	-	-	-	28.14	39.25
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	67.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	67.57