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Yunnan-based electrolytic aluminum smelter using the province's abundant hydropower for lower-carbon primary aluminum production.
Yunnan-based electrolytic aluminum smelter using the province's abundant hydropower for lower-carbon primary aluminum production.
Sells aluminium at prices that follow the Shanghai Futures Exchange benchmark, with extra for alloys and processed forms, so profit rests on the gap between that price and its power and alumina costs. Yunnan's cheap hydropower is the edge. The provincial government controls it through a state metallurgical group.
In one line: A hydropower-fed Chinese aluminum smelter.
Moat: narrow (cost advantage). Cheap, low-carbon hydropower gives a cost and ESG edge over coal-powered smelters.
Headquarters: Kunming, China · Founded: 1997 · Employees: 10,144
Size Yunnan Aluminium (000807.SZ) is a China Materials company (Aluminum) with a market value of $12.8B, the 191st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.52 on 6 Nov 2026.
Performance Over six months the shares fell 22.9%, against -27.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 14 in its peer set.
Growth Revenue grew 15.6% over the last twelve months (peer median +10.3%); the operating margin is 26.2% (peer median 15.9%).
Valuation It trades at 5.8× forward earnings against a peer median of 6.7× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.1 points above its cost of capital (8.1% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥68.6B | CN¥59.9B | CN¥54.4B | CN¥42.6B | CN¥48.3B |
| Revenue growth | — | +10% | +28% | -12% | — |
| Gross profit | CN¥21.4B | CN¥9.81B | CN¥7.00B | CN¥6.54B | CN¥7.03B |
| EBITDA | n/a | CN¥10.7B | CN¥7.87B | CN¥7.48B | CN¥7.92B |
| Net income | CN¥13.3B | CN¥6.05B | CN¥4.41B | CN¥3.96B | CN¥4.57B |
| Free cash flow | CN¥15.2B | CN¥7.86B | CN¥6.29B | CN¥5.14B | CN¥5.95B |
| Capital expenditure | CN¥433M | CN¥641M | CN¥658M | CN¥733M | CN¥964M |
| Total debt | CN¥2.05B | CN¥4.30B | CN¥5.45B | CN¥6.15B | CN¥8.41B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yunnan Aluminium 000807.SZ | $12.8B | -23% | +16% | 26% | 5.8× | -16.1% |
| Aluminum Corporation of China 601600.SS | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% |
| Guangdong HEC Technology 600673.SS | $10.4B | -35% | +30% | 6% | 51.0× | n/a |
| Tianshan Aluminum 002532.SZ | $8.36B | -28% | +17% | 31% | 6.4× | -13.0% |
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 | 000807.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | -4.4% | 6th lowest of 15 |
| 6-month return | -22.9% | -27.7% | 6th highest of 14 |
| Distance from 52-week high | -35.9% | -45.7% | 5th highest of 15 |
| Revenue growth (TTM) | +15.6% | +10.3% | 6th highest of 14 |
| Operating margin | 26.2% | 15.9% | 6th highest of 14 |
| Forward P/E | 5.8× | 6.7× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -16.1% | -9.5% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +15.2% | +9.5% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -31.3 pp | -15.1 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +39.1 pp | +8.9 pp | 2nd highest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yunnan Aluminium 000807.SZ | China | $12.8B | -23% | +16% | 26% | 5.8× | -16.1% | +15.2% |
| Inner Mongolia Dian Tou Energy 002128.SZ | China | $12.1B | -16% | +47% | 34% | 9.3× | -15.4% | +8.5% |
| Norsk Hydro NHY.OL | Norway | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% | +12.7% |
| Vedanta VEDL.NS | India | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% | -3.1% |
| Vedanta Aluminium Metal VAML.NS | India | $15.6B | n/a | n/a | n/a | 6.7× | n/a | n/a |
| Alcoa AA | United States | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% | +7.1% |
| Guangdong HEC Technology 600673.SS | China | $10.4B | -35% | +30% | 6% | 51.0× | n/a | n/a |
| Henan Shenhuo Coal Industary and Electricity Power 000933.SZ | China | $8.45B | -21% | +17% | 26% | 6.2× | -16.2% | +17.0% |
| Tianshan Aluminum 002532.SZ | China | $8.36B | -28% | +17% | 31% | 6.4× | -13.0% | +1.4% |
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% | +9.4% |
| Chinahongqiao 1378.HK | Hong Kong | $25.5B | -36% | +7% | 25% | 5.0× | -12.8% | +12.7% |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% | +14.7% |
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | n/a | n/a | n/a |
| Henan Zhongfu Industrial 600595.SS | China | $3.36B | -28% | +24% | 16% | 5.7× | -10.2% | +23.3% |
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% | +9.5% |