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Henan-based aluminum smelter and processor making primary aluminum and aluminum alloy products.
Henan-based aluminum smelter and processor making primary aluminum and aluminum alloy products.
Smelts aluminum from purchased alumina powder using large amounts of electricity, and sells ingots and alloys at prices tied to the metal market. Earnings are therefore the gap between the aluminum price and the cost of alumina and power.
Moat: none. Commodity aluminum smelter exposed to power costs and metal prices.
Headquarters: Jiaozuo, Henan, China · Employees: 2,123
Size Jiaozuo Wanfang Aluminum Manufacturing (000612.SZ) is a China Materials company (Aluminum) with a market value of $1.71B, the 1458th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.57 on 6 Nov 2026.
Performance Over six months the shares fell 28.0%, against -24.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +17.5%); the operating margin is 32.0% (peer median 6.8%).
Valuation It trades at 1.2× enterprise value to sales against a peer median of 0.8× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.6 points above its cost of capital (10.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.45B | CN¥6.47B | CN¥6.41B | CN¥6.13B | CN¥6.63B |
| Revenue growth | — | +1% | +5% | -8% | — |
| Gross profit | CN¥2.70B | CN¥1.43B | CN¥630M | CN¥538M | CN¥44.3M |
| EBITDA | n/a | CN¥1.44B | CN¥714M | CN¥672M | CN¥37.2M |
| Net income | CN¥1.92B | CN¥1.07B | CN¥589M | CN¥593M | CN¥303M |
| Free cash flow | CN¥2.07B | CN¥968M | CN¥842M | CN¥833M | CN¥540M |
| Capital expenditure | CN¥41.6M | CN¥61.7M | CN¥126M | CN¥50.2M | CN¥122M |
| Total debt | CN¥280M | CN¥1.04B | CN¥1.23B | CN¥1.59B | CN¥1.92B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | $1.71B | -28% | +13% | 32% | 1.2× | -13.0% |
| Xinjiang Joinworld 600888.SS | $2.07B | +3% | +21% | 7% | 2.0× | n/a |
| Henan Zhongfu Industrial 600595.SS | $3.36B | -28% | +24% | 16% | 0.9× | -10.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000612.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -9.8% | 8th highest of 21 |
| 6-month return | -28.0% | -24.2% | 10th lowest of 21 |
| Distance from 52-week high | -38.6% | -40.2% | 10th highest of 21 |
| Revenue growth (TTM) | +12.5% | +17.5% | 9th lowest of 21 |
| Operating margin | 32.0% | 6.8% | highest of 21 |
| EV / Sales | 1.2× | 0.8× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -13.0% | 1.4% | least demanding of 11 |
| Growth delivered (Del g) | +6.6% | +12.5% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -19.7 pp | -10.7 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +20.6 pp | +0.2 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | 1.2× | -13.0% | +6.6% |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 0.6× | 0.8% | +23.5% |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 4.1× | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 0.7× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 0.3× | n/a | n/a |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 1.2× | n/a | n/a |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 0.8× | 8.1% | +16.2% |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 0.6× | -5.3% | +15.7% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 2.0× | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | 9.1× | n/a | n/a |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | 12.9× | n/a | n/a |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | 1.2× | 17.0% | -7.2% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 0.5× | -2.7% | +16.6% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | 1.3× | n/a | n/a |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 4% | 0.8× | 9.1% | +20.3% |
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 1% | 1.1× | n/a | n/a |
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 7% | 0.8× | 2.0% | +6.2% |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 0.5× | -6.8% | +8.7% |
| Nippon Light Metal 5703.T | Japan | $949M | -15% | +14% | 5% | 0.5× | -4.1% | +6.2% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 2.3× | 6.6% | +9.2% |
| Jiangsu Asia-Pacific Light Alloy Technology 002540.SZ | China | $885M | -20% | +26% | 2% | 0.8× | n/a | n/a |