---
title: "TIANSHAN ALUMINUM (002532.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002532.SZ/norm.md"
symbol: "002532.SZ"
name: "TIANSHAN ALUMINUM"
parent: "https://longbridge.com/en/quote/002532.SZ.md"
datetime: "2026-03-17T02:03:23.763Z"
locales:
  - [en](https://longbridge.com/en/quote/002532.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002532.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002532.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002532.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002532.SZ/norm.md)


# TIANSHAN ALUMINUM (002532.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.2814 | 0.2201 | 0.2300 | 0.2884 | 0.2200 |
| ROE | 17.65% | 14.72% | 15.47% | 20.61% | 15.61% |
| Revenue | 6.99B | 7.40B | 7.93B | 7.29B | 7.01B |
| Net income | 1.26B | 1.03B | 1.06B | 1.37B | 1.01B |
| Operating income | 1.76B | 1.21B | 1.34B | 1.57B | 1.37B |
| Gross margin | 27.23% | 20.25% | 20.19% | 26.70% | 22.53% |
| Net margin | 17.96% | 13.86% | 13.35% | 18.80% | 14.41% |
| Profit quality | 111.78% | 48.97% | 167.68% | 101.17% | 94.89% |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 55.97B | 55.23B | 54.99B | 56.78B | 58.59B |
| Leverage | 1.93 | 1.98 | 1.97 | 2.12 | 2.22 |
| BVPS | 6.28 | 6.06 | 6.04 | 5.82 | 5.75 |
| Turnover | 0.5170 | 0.5308 | 0.5219 | 0.4933 | 0.4750 |
| Cash & STI | 6.80B | 6.70B | 6.03B | 9.11B | 10.81B |
| Inv & Rec | 8.17B | 8.13B | 9.40B | 8.82B | 9.12B |
| LT assets | 30.70B | 30.27B | 29.96B | 30.22B | 30.60B |
| Net debt | 6.25B | 8.78B | 8.09B | 7.47B | 7.32B |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 1.58B | 2.48B | 801.05M | 1.55B | 1.44B |
| Investing CF | -589.43M | -298.38M | -253.56M | -764.18M | -281.04M |
| Financing CF | -1.93B | -1.21B | -1.37B | -984.15M | -1.00B |
| Free CF | 1.54B | 961.64M | -1.18B | 2.11B | 3.13B |
| OCF coverage | 47.69% | 57.36% | 29.43% | 29.36% | 42.52% |
| Repaid & issued | 1.71B | 2.58B | 1.44B | 1.86B | 2.32B |
| CapEx | -589.66M | -298.62M | -200.02M | -387.55M | -281.06M |

## Distribution Plan

**Dividend Yield**: 2.70

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.09916CNY | 2026-02-10 | 2026-02-11 | 2026-02-11 |
| Cash Dividend: 
0.197334CNY | 2025-10-29 | 2025-10-30 | 2025-10-30 |
| Cash Dividend: 
0.198251CNY | 2025-05-21 | 2025-05-22 | 2025-05-22 |