Jiaozuo Wanfang Aluminum Manufacturing Co., Ltd. Class A

Jiaozuo Wanfang Aluminum Manufacturing Co., Ltd. Class A

SSZSE:000612
9.78
CNY
+0.09
(+0.93%)
1.48EPS
7.14P/E
12.63BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.04
4.49
3.95
3.32
4.23
4.12
3.97
3.98
4.13
5.59
5.18
5.43
5.45
6.28
Basic EPS, GAAP
0.24
0.3
-0.05
0.08
0.15
-0.37
0.09
0.48
0.33
0.25
0.5
0.49
0.9
1.48
Free Cash Flow per Basic Share
-0.33
1.2
-0.15
0.07
-0.07
0.53
0.56
0.6
0.04
0.42
0.67
0.7
0.79
- -
Dividend per Share
0.26
0.13
0.12
0.36
0.08
0.15
0.07
0.06
0.09
0.14
0.12
0.16
0.14
0.46
Book Value per Share
3.7
3.93
3.96
3.79
3.95
3.54
3.62
4.05
4.27
4.44
4.87
5.23
6.03
6.79
Tangible Book Value per Share
3.63
2.12
3.9
3.74
3.9
3.5
3.57
3.94
4.17
4.34
4.77
5.11
5.92
6.68
Basic Weighted Avg Shares
1,114
1,169
1,180
1,181
1,187
1,192
1,198
1,193
1,191
1,193
1,193
1,192
1,193
1,192
Sales/Revenue/Turnover
5,616
5,250
4,658
3,926
5,017
4,909
4,761
4,744
4,918
6,676
6,187
6,465
6,495
7,487
Operating Margin (%)
2.26
5.79
1.24
5.96
1.27
-8.66
2.34
12.22
13.43
-1.01
7.78
8.28
19.26
29.32
Depreciation Expense
272
287
265
259
243
237
253
228
225
214
194
189
189
- -
Net Income, GAAP
263
356
-63
99
176
-442
107
568
397
303
593
589
1,071
1,770
Effective Tax Rate (%)
6.2
12.45
- -
25.36
8.99
- -
- -
9.56
14.05
- -
15.27
17.14
22.82
23.94
Profit Margin (%)
4.68
6.79
-1.34
2.53
3.5
-9.01
2.24
11.97
8.06
4.54
9.59
9.11
16.49
23.64
Working Capital
-126
-1,232
555
-136
-1,175
-1,192
-920
-749
163
320
651
1,021
1,533
2,607
LT Debt
999
1,108
1,353
1,255
139
510
510
23
533
751
202
310
141
79
Total Equity
4,326
4,728
4,764
4,523
4,710
4,225
4,314
4,826
5,093
5,295
5,802
6,235
7,191
8,096
Return on Invested Capital (%)
3.61
5.22
- -
2.56
0.95
- -
- -
9.4
10.07
- -
8.63
9.05
14.7
22.72
Return on Capital (%)
6.58
7.1
- -
2.52
3.83
- -
- -
10.42
6.89
- -
9.33
8.82
14.76
23.02
Return on Common Equity (%)
7.76
7.87
-1.32
2.14
3.81
-9.9
2.5
12.43
8
5.83
10.69
9.78
15.96
24.42

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
451
520
220
LT Borrowings
121
121
60
LT Finance Leases
20
20
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,192
1,192
1,192
Market Capitalization
13,138
14,175
12,625

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,912
3,561
3,454
Cash, Cash Equivalents & STI
2,078
2,381
2,467
Accounts Receivable, Net
16
31
15
Inventories
603
710
476
Total Current Liabilities
1,379
1,208
848
Payables & Accruals
- -
- -
- -
ST Debt
451
520
220
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.46%
8.37%
15.33%
Free Cash Flow
-27.83%
190.94%
13.72%
Net Income, GAAP
-10.16%
24.63%
81.95%
Sales/Revenue/Turnover
4.36%
7.41%
0.46%
Total Cash Common Dividend
24.8%
22%
-11.16%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,324
1,817
1,648
1,677
6,465
2025
1,483
1,826
- -
1,513
6,495
2026
1,757
2,391
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.18
0.14
0.05
0.49
2025
0.13
0.31
- -
0.14
0.9
2026
0.43
0.6
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.15
- -
- -
0.16
2025
- -
0.13
- -
- -
0.14
2026
- -
0.32
- -
- -
- -

Company Description

CEO
Bin Fu
Full Time Employees
2,123
Sector
Non-energy minerals
Industry
Aluminum
Address
South of Jiaoxin Road Jiaozuo HN China 454005
IPO Date
Sep 26, 1996
Website
jzwfal.com
Business
JiaoZuo WanFang Aluminum Manufacturing Co., Ltd specializes in aluminum smelting and processing, offering a comprehensive range of aluminum products including electrolytic aluminum liquid, aluminum ingots, aluminum alloy products, aluminum sections, tubes, base strips, and plates. The company also engages in related activities such as commodity trading, waste treatment, thermal power generation, heating, water, and gas supply. Its products serve various industries including construction, automotive, electronics, packaging, and cables. Founded in 2000 and headquartered in Jiaozuo, Henan Province, China, JiaoZuo WanFang operates primarily in the domestic Chinese market with some exports to countries like the USA, Japan, Korea, Hong Kong, and Taiwan. The company maintains a vertically integrated supply chain that covers aluminum smelting to forging and finishing processes, enabling quality control and cost efficiency. Annual production capacity includes over 60,000 tons of aluminum extrusions, 30,000 tons of architectural aluminum systems, 20,000 tons of automotive aluminum profiles, and 10,000 tons of industrial aluminum profiles. It is recognized as a leading aluminum ingot producer in China, with its aluminum ingot product being registered on the London Metal Exchange and designated as a provincially protected product. Recent major developments include JiaoZuo WanFang's announcement to invest up to 3.8 billion yuan in a recycled aluminum project to enhance the socialized recycling and processing of aluminum resources. In 2025, it planned to acquire a 99.4% stake in Cayman Aluminum (Sanmenxia) through share issuance for 31.9 billion yuan, reflecting a strategic expansion in its aluminum business. The company has also seen a change in its actual controlling shareholder to Dou Zhenggang, marking significant ownership and strategic restructuring. These moves align with its strategy to strengthen market position, expand capacity, and pursue sustainable resource utilization. JiaoZuo WanFang serves diverse industry segments such as construction, real estate, transportation, packaging, and cables, with all sales predominantly in China. The company employs over 2,100 staff and its operations build on technology upgrades including automation and efficiency improvements that have reduced operating costs by about 10% in recent years. It ranks among the top nonferrous metals enterprises in China and is supported by strategic investment from the Aluminum Corporation of China, which holds a notable equity stake. Overall, JiaoZuo WanFang Aluminum Manufacturing Co., Ltd is a well-established Chinese aluminum manufacturer and processor with a broad product portfolio, integrated production capabilities, solid market position in China, and recent strategic expansions in recycled aluminum and acquisitions aimed at fostering sustainable growth and diversification of its aluminum product offerings.