Tianshan Aluminum Group (002532) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥8.44 billion, up 6.55% year-over-year, driven by higher aluminum prices.

• Net profit attributable to shareholders surged 109.70% year-over-year to ¥2.22 billion.

• Operating cash flow increased 192.32% year-over-year to ¥2.34 billion, reflecting strong profit growth.

Financial highlights

• Basic and diluted EPS were ¥0.48, up 108.70% from the prior year.

• Gross margin improved as operating costs grew slower than revenue.

• Total assets at quarter-end were ¥52.13 billion, down 3.72% from year-end 2025.

• Shareholders’ equity rose 5.93% to ¥31.32 billion.

• Non-recurring profit items contributed ¥19.97 million, mainly from government grants and asset disposals.

Outlook and guidance

• Management attributes revenue and profit growth to favorable aluminum pricing and increased R&D investment.

• Continued focus on cost control and operational efficiency is expected.