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Nanshan Aluminium International Holdings Limited (2610) AI Stock Analysis
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Nanshan Aluminium International Holdings Limited
(HKEX:2610)
The score is supported primarily by strong financial quality (high margins and very low leverage) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (downtrend with negative momentum) and concerns around cash conversion, including negative free cash flow in 2025.
Nanshan Aluminium International Holdings Limited (2610) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 12.95B
- Dividend Yield
- 5.84%
- Average Volume (3M)
- 703.92K
- Price to Earnings (P/E)
- 7.0
- Beta (1Y)
- 0.47
- Revenue Growth
- -19.40%
- EPS Growth
- -59.11%
- Country
- Hong Kong
- Employees
- 3,851
- Sector
- General
- Sector Strength
- 55
- Industry
- Aluminum
Nanshan Aluminium International Holdings Limited Business Overview & Revenue Model
Company Description
Nanshan Aluminium International Holdings Limited functions as an investment holding company, with its core operations centered on the production and distribution of alumina across Southeast Asia. The company's product portfolio includes various forms...
How the Company Makes Money
The company primarily makes money by selling aluminium products to customers, generating revenue from (1) product sales (the core stream), where income is recognized based on volumes shipped and realized selling prices; and (2) processing/manufacturi...
Nanshan Aluminium International Holdings Limited Financial Statement Overview
Summary
Strong overall fundamentals driven by very high profitability (2025 ~42% gross margin, ~36% net margin) and an exceptionally conservative balance sheet (near-zero leverage, healthy ROE). Offsetting this, 2025 revenue declined (~-4.2%) after prior expansion and cash conversion is less reliable, with negative free cash flow in 2025 and historical cash-flow volatility.
Income Statement
82Very PositiveBalance Sheet
94Very PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 960.02M | 1.14B | 1.02B | 677.78M | 466.78M | 172.84M |
| Gross Profit | 239.54M | 478.69M | 516.69M | 197.67M | 112.07M | 44.80M |
| EBITDA | 309.54M | 546.47M | 557.55M | 243.93M | 147.66M | 64.79M |
| Net Income | 222.86M | 409.03M | 401.81M | 122.67M | 67.69M | 28.46M |
Balance Sheet | ||||||
| Total Assets | 2.50B | 2.25B | 1.72B | 1.44B | 1.28B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 666.75M | 400.07M | 454.15M | 254.86M | 230.92M | 228.43M |
| Total Debt | 11.00K | 79.99K | 214.00K | 0 | 0 | 0 |
| Total Liabilities | 407.96M | 349.58M | 426.28M | 168.32M | 286.61M | 196.92M |
| Stockholders Equity | 2.05B | 1.86B | 1.26B | 918.80M | 720.87M | 730.13M |
Cash Flow | ||||||
| Free Cash Flow | -95.65M | -32.44M | 21.63M | 23.47M | 12.67M | -146.19M |
| Operating Cash Flow | 52.45M | 359.72M | 96.27M | 96.27M | 163.04M | -8.71M |
| Investing Cash Flow | -204.75M | -461.97M | -74.18M | -74.18M | -150.37M | -137.48M |
| Financing Cash Flow | -49.28M | -18.35M | 5.13M | 5.13M | -383.00K | 159.19M |
Nanshan Aluminium International Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2610, the sentiment is Negative. The current price of 20.88 is below the 20-day moving average (MA) of 22.57, below the 50-day MA of 24.11, and below the 200-day MA of 38.57, indicating a bearish trend. The MACD of -0.80 indicates Positive momentum. The RSI at 31.53 is Neutral, neither overbought nor oversold. The STOCH value of 15.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2610.
Nanshan Aluminium International Holdings Limited Peers Comparison
Overall Rating
- HK:261073Outperform
HK:137872Outperform
HK:260071Outperform
HK:050555Neutral
HK:009851Neutral
HK:207845Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2610 | 73Outperform | HKD 12.95B | 7.00 | 11.38% | 5.84% | -19.40% | -59.11% |
| HK:1378 | 72Outperform | HKD 198.55B | 6.13 | 20.69% | 8.16% | 6.88% | 7.63% |
| HK:2600 | 71Outperform | HKD 161.20B | 7.50 | 24.20% | 6.85% | 6.65% | 46.40% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:0505 | 55Neutral | HKD 839.88M | 2.27 | 12.67% | 3.21% | 26.56% | 58.77% |
| HK:0098 | 51Neutral | HKD 2.06B | 3.30 | 8.48% | 10.19% | 9.79% | -24.00% |
| HK:2078 | 45Neutral | HKD 118.74M | -0.91 | -19.40% | ― | -64.85% | -1980.00% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2610 | Nanshan Aluminium International Holdings Limited | 20.88 | -23.72 | -53.18% | |
| HK:2600 | Aluminum Corporation of China Class H | 7.12 | -2.43 | -25.45% | |
| HK:0098 | Xingfa Aluminium Holdings Ltd. | 4.91 | -2.31 | -31.98% | |
| HK:1378 | China Hongqiao Group Ltd. | 20.22 | -8.57 | -29.78% | |
| HK:2078 | PanAsialum Holdings Co. Ltd. | 0.10 | -0.03 | -23.85% | |
| HK:0505 | Xingye Alloy Materials Group Limited | 0.94 | -0.02 | -2.50% |
Nanshan Aluminium International Holdings Limited Corporate Events
Nanshan Aluminium International Flags Unaudited Parent Results Amid Volatile Alumina Prices
Nanshan Aluminium International Holdings Limited has disclosed inside information relating to the unaudited nine-month results of its controlling shareholder, Shandong Nanshan Aluminium, which encompass financial and operational data covering the gro...
Nanshan Aluminium Raises Caps on Connected Construction Services Deal
Nanshan Aluminium International Holdings Limited has revised the annual caps for its Construction Services Framework Agreement with connected parties George Santos, his father Santony, and their company MKU. The supplemental agreement, signed on 30 S...
Nanshan Aluminium Profit Plunges as Revenue Falls, Dividend Cut Despite Stronger Balance Sheet
Nanshan Aluminium International Holdings Limited reported interim revenue of US$415.0 million for the six months ended 30 June 2026, down 30.5% year-on-year, as profit attributable to equity shareholders fell 74.8% to US$62.7 million. Despite the sha...
Nanshan Aluminium International Declares Interim Dividend for First Half of 2026
Nanshan Aluminium International Holdings Limited has declared an interim ordinary cash dividend of HKD 0.16 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The move signals the company’s continue...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 10, 2026