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Part of Nanshan Group, making higher-value rolled and aerospace-grade aluminum plate and sheet alongside primary smelting.
Part of Nanshan Group, making higher-value rolled and aerospace-grade aluminum plate and sheet alongside primary smelting.
Sells primary aluminium at prices that follow the exchange price and power costs, while rolled plate and sheet are priced as processed products under supply terms agreed with aerospace and car makers, adding steadier earnings. Controlled by the privately held Nanshan Group.
In one line: A Chinese Alcoa/Novelis for aerospace-grade aluminum.
Moat: narrow (process know-how, customer qualification). Few Chinese mills are qualified for aerospace-grade plate, a higher barrier than commodity smelting.
Headquarters: Longkou, China · Founded: 1993 · Employees: 16,180
Size Shandong Nanshan Aluminium (600219.SS) is a China Materials company (Aluminum) with a market value of $7.53B, the 328th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.37 on 6 Nov 2026.
Performance Over six months the shares fell 18.6%, against -27.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +15.6%); the operating margin is 13.3% (peer median 14.9%).
Valuation It trades at 10.7× forward earnings against a peer median of 7.2× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points above its cost of capital (7.4% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥37.1B | CN¥34.6B | CN¥33.4B | CN¥28.8B | CN¥34.7B |
| Revenue growth | — | +3% | +16% | -17% | — |
| Gross profit | CN¥9.24B | CN¥8.38B | CN¥8.76B | CN¥5.49B | CN¥6.76B |
| EBITDA | n/a | CN¥8.43B | CN¥8.71B | CN¥5.71B | CN¥6.58B |
| Net income | CN¥4.34B | CN¥4.74B | CN¥4.83B | CN¥3.47B | CN¥3.52B |
| Free cash flow | CN¥910M | CN¥3.65B | CN¥4.82B | CN¥2.28B | CN¥5.12B |
| Capital expenditure | CN¥3.57B | CN¥3.88B | CN¥2.79B | CN¥2.20B | CN¥1.59B |
| Total debt | CN¥7.00B | CN¥5.93B | CN¥6.67B | CN¥8.68B | CN¥9.27B |
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 |
|---|---|---|---|---|---|---|
| Shandong Nanshan Aluminium 600219.SS | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% |
| Aluminum Corporation of China 601600.SS | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% |
| UACJ 5741.T | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% |
| Constellium CSTM | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% |
| Kaiser Aluminum KALU | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% |
| Henan Mingtai Aluminum Industrial 601677.SS | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% |
| Chinahongqiao 1378.HK | $25.5B | -36% | +7% | 25% | 5.0× | -12.8% |
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 | 600219.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.4% | -6.7% | 6th lowest of 21 |
| 6-month return | -18.6% | -27.7% | 6th highest of 20 |
| Distance from 52-week high | -48.3% | -44.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +4.4% | +15.6% | 4th lowest of 20 |
| Operating margin | 13.3% | 14.9% | 9th lowest of 20 |
| Forward P/E | 10.7× | 7.2× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | -6.0% | 9th least demanding of 17 |
| Growth delivered (Del g) | +9.4% | +12.7% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | -15.1 pp | -17.1 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +3.0 pp | +8.9 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% | +9.4% |
| Tianshan Aluminum 002532.SZ | China | $8.36B | -28% | +17% | 31% | 6.4× | -13.0% | +1.4% |
| Henan Shenhuo Coal Industary and Electricity Power 000933.SZ | China | $8.45B | -21% | +17% | 26% | 6.2× | -16.2% | +17.0% |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% | +14.7% |
| Guangdong HEC Technology 600673.SS | China | $10.4B | -35% | +30% | 6% | 51.0× | n/a | n/a |
| Alcoa AA | United States | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% | +7.1% |
| Vedanta VEDL.NS | India | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% | -3.1% |
| Inner Mongolia Dian Tou Energy 002128.SZ | China | $12.1B | -16% | +47% | 34% | 9.3× | -15.4% | +8.5% |
| Yunnan Aluminium 000807.SZ | China | $12.8B | -23% | +16% | 26% | 5.8× | -16.1% | +15.2% |
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | n/a | n/a | n/a |
| Norsk Hydro NHY.OL | Norway | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% | +12.7% |
| Vedanta Aluminium Metal VAML.NS | India | $15.6B | n/a | n/a | n/a | 6.7× | 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% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 16.9× | 6.6% | +9.2% |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% | +8.7% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% | +16.6% |
| Chinahongqiao 1378.HK | Hong Kong | $25.5B | -36% | +7% | 25% | 5.0× | -12.8% | +12.7% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 11.7× | n/a | n/a |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% | +15.7% |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 12.4× | 8.1% | +16.2% |