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Chinese maker of aluminum extrusion profiles for construction, industrial and new-energy vehicle uses.
Chinese maker of aluminum extrusion profiles for construction, industrial and new-energy vehicle uses.
Prices its aluminium products at the aluminium ingot cost plus a processing fee, so ingot price moves are largely passed to customers while the fee sets the margin. Competition among many extruders keeps the fee thin.
Moat: none. Commodity aluminum extruder in a fragmented, competitive market.
Headquarters: Foshan, Guangdong, China · Employees: 4,144
Size Guangdong Haomei New Material (002988.SZ) is a China Materials company (Aluminum) with a market value of $1.01B, the 2270th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.07 on 6 Nov 2026.
Performance Over six months the shares fell 21.9%, against -26.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 16.0% over the last twelve months (peer median +15.8%); the operating margin is 1.2% (peer median 4.8%).
Valuation It trades at 55.2× forward earnings against a peer median of 14.1× (2nd most expensive of 13).
Capital Return on invested capital runs 4.5 points below its cost of capital (7.5% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.61B | CN¥7.77B | CN¥6.66B | CN¥5.98B | CN¥5.39B |
| Revenue growth | — | +17% | +11% | +11% | — |
| Gross profit | CN¥870M | CN¥737M | CN¥731M | CN¥691M | CN¥479M |
| EBITDA | n/a | CN¥400M | CN¥472M | CN¥417M | CN¥135M |
| Net income | CN¥50.3M | CN¥118M | CN¥209M | CN¥181M | -CN¥111M |
| Free cash flow | -CN¥175M | CN¥182M | CN¥26.3M | -CN¥5.55M | -CN¥383M |
| Capital expenditure | CN¥403M | CN¥198M | CN¥194M | CN¥276M | CN¥267M |
| Total debt | CN¥3.31B | CN¥3.03B | CN¥3.07B | CN¥2.72B | CN¥2.53B |
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 |
|---|---|---|---|---|---|---|
| Guangdong Haomei New Material 002988.SZ | $1.01B | -22% | +16% | 1% | 55.2× | n/a |
| Guangdong Hoshion Industrial Aluminium 002824.SZ | $825M | -29% | +34% | 4% | 29.1× | n/a |
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 | 002988.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.3% | -8.0% | 6th lowest of 21 |
| 6-month return | -21.9% | -26.5% | 6th highest of 21 |
| Distance from 52-week high | -36.7% | -40.2% | 8th highest of 21 |
| Revenue growth (TTM) | +16.0% | +15.8% | 11th highest of 21 |
| Operating margin | 1.2% | 4.8% | 4th lowest of 21 |
| Forward P/E | 55.2× | 14.1× | 2nd most expensive of 13 |
| ROIC minus cost of capital | -4.5 pp | -1.2 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 1% | 55.2× | n/a | n/a |
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 7% | 16.2× | 2.0% | +6.2% |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 4% | n/a | 9.1% | +20.3% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | n/a | n/a | n/a |
| Nippon Light Metal 5703.T | Japan | $949M | -15% | +14% | 5% | 8.8× | -4.1% | +6.2% |
| Jiangsu Asia-Pacific Light Alloy Technology 002540.SZ | China | $885M | -20% | +26% | 2% | 11.8× | n/a | n/a |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | n/a | 17.0% | -7.2% |
| GETO New Materials 300986.SZ | China | $856M | -39% | +23% | 9% | 23.5× | n/a | n/a |
| Guangdong Hoshion Industrial Aluminium 002824.SZ | China | $825M | -29% | +34% | 4% | 29.1× | n/a | n/a |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| Fujian Minfa Aluminium 002578.SZ | China | $726M | +20% | +15% | -2% | 62.6× | n/a | n/a |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Shenzhen Sunxing Light Alloy Materials 603978.SS | China | $601M | -29% | +32% | 1% | n/a | n/a | n/a |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| Jiangsu Alcha Aluminium 002160.SZ | China | $573M | -25% | +8% | 2% | 26.4× | n/a | n/a |
| Chongqing Shunbo Aluminum 002996.SZ | China | $566M | -25% | +17% | 1% | n/a | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 9.2× | n/a | n/a |