Credit Brief — YUNNAN ALUMINIUM CO,LTD． (云铝股份)
000807.SZ · Shenzhen Main Board · Data window: 2022–2026 H1 · Sources: official periodic reports filed via cninfo (巨潮资讯网)
All figures are extracted mechanically from official filings and are traceable to source page (see §9). Narrative sections are analyst commentary; mechanical sections are produced without any LLM. Not investment advice. Not a credit rating.
1. Identity & legitimacy
- Legal representative: 张得教
- Registered address: 云南省昆明市呈贡区七甸街道
- Office address: 云南省昆明市呈贡区七甸街道
- Controlling shareholder: 中铝集团
- Employees: 10,144
Source: identity fields above are mechanically extracted from the issuer's own filed annual reports. - Registration data via corporate registry is not included in this build
2. Compliance & legal
Compliance screens (dishonest debtor / enforcement / penalties / business exceptions) require a registry data source not included in this build
3. Business profile
Top customer/supplier tables not generated for this issuer.
4. Financial dashboard (CNY mn)
Assets
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Cash and bank balances | 3,044.9 | 5,260.9 | 6,277.4 | 6,769.0 | 12,586.3 |
| Trading financial assets | 0.0 | 0.0 | 2,003.6 | 4,409.2 | 5,008.4 |
| Accounts receivable | 959.7 | 162.4 | 344.0 | 344.3 | 1,303.1 |
| Other receivables | 35.6 | 26.5 | 39.2 | 202.0 | 265.8 |
| Inventories | 3,917.8 | 4,051.1 | 5,320.4 | 4,713.6 | 4,179.6 |
| Long-term equity investments | 488.8 | 484.9 | 468.9 | 1,031.9 | 1,041.0 |
| Fixed assets | 24,379.7 | 23,019.6 | 21,729.7 | 20,336.8 | 19,592.9 |
| Construction in progress | 613.2 | 588.3 | 627.9 | 314.0 | 426.2 |
| Intangible assets | 3,125.8 | 3,137.4 | 2,673.7 | 2,681.6 | 2,630.7 |
| Total assets | 39,058.6 | 39,309.7 | 41,901.5 | 44,175.5 | 50,515.4 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 470.0 | 70.2 | 70.2 | 0.0 | 0.0 |
| Notes payable | 1,800.0 | 1,595.0 | 2,450.0 | 1,436.0 | 60.0 |
| Accounts payable | 4,011.7 | 2,078.7 | 2,805.8 | 2,492.5 | 2,659.7 |
| Contract liabilities | 137.8 | 186.9 | 308.9 | 423.8 | 384.5 |
| Other payables | 437.8 | 577.3 | 430.9 | 837.5 | 847.2 |
| Current portion of non-current liabilities | 1,658.6 | 623.6 | 559.2 | 559.2 | 543.4 |
| Long-term borrowings | 4,377.0 | 3,765.0 | 2,365.0 | 1,814.0 | 1,544.0 |
| Bonds payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total liabilities | 13,783.0 | 10,062.8 | 9,754.0 | 8,763.0 | 7,983.9 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 3,468.0 | 3,468.0 | 3,468.0 | 3,468.0 | 3,468.0 |
| Capital reserve | 10,693.2 | 10,693.2 | 10,742.8 | 9,997.8 | 9,997.8 |
| Retained earnings | 7,533.8 | 10,867.1 | 13,407.1 | 17,524.0 | 23,893.3 |
| Equity attributable to owners of the parent | 22,350.4 | 25,729.2 | 28,320.5 | 32,032.3 | 38,161.1 |
| Minority interests | 2,925.3 | 3,517.7 | 3,827.0 | 3,380.3 | 4,370.4 |
| Total equity | 25,275.7 | 29,246.9 | 32,147.5 | 35,412.6 | 42,531.5 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 48,463.0 | 42,668.8 | 54,450.5 | 60,042.9 | 34,981.0 |
| Cost of sales | 41,221.7 | 35,923.2 | 47,244.4 | 49,963.5 | 23,843.7 |
| Selling expenses | 71.2 | 45.7 | 39.4 | 34.4 | 25.6 |
| Administrative expenses | 640.3 | 620.9 | 748.9 | 814.5 | 403.0 |
| Finance costs | 233.1 | 110.3 | 23.1 | -29.1 | -7.5 |
| Investment income | 121.1 | -76.9 | -4.9 | 91.2 | 26.7 |
| Operating profit | 5,905.1 | 5,542.3 | 5,968.0 | 8,650.9 | 10,444.1 |
| Profit before tax | 5,906.6 | 5,543.5 | 5,972.4 | 8,652.0 | 10,454.0 |
| Net profit | 5,267.7 | 4,718.5 | 5,099.0 | 7,347.9 | 8,818.1 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 0.91x | 1.62x | 2.03x | 2.64x | 4.01x |
| Quick ratio | 0.48x | 0.96x | 1.28x | 1.94x | 3.34x |
| Debt-to-asset ratio | 35.3% | 25.6% | 23.3% | 19.8% | 15.8% |
| Total debt / EBITDA | 0.81x | 0.60x | 0.39x | 0.23x | 0.17x |
| EBITDA interest coverage | 34.51x | 67.73x | 335.84x | 355.06x | 1595.61x |
| Gross margin | 14.9% | 15.8% | 13.2% | 16.8% | 31.8% |
| Net margin | 10.9% | 11.1% | 9.4% | 12.2% | 25.2% |
| Return on equity (ROE) | 20.8% | 16.1% | 15.9% | 20.7% | 20.7% |
| Revenue growth | — | -12.0% | 27.6% | 10.3% | -41.7% |
| Net profit growth | — | -10.4% | 8.1% | 44.1% | 20.0% |
| Receivable days | 7 | 1 | 2 | 2 | 14 |
| Cash received / revenue | 91.0% | 96.6% | 100.3% | 107.0% | 98.5% |
| Operating CF / net profit | 1.31x | 1.24x | 1.36x | 1.15x | 0.95x |
| Free cash flow | 7,573.7 | 7,490.8 | 6,524.0 | 7,623.5 | 7,865.7 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.20 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2023 · Cash-flow statement net increase vs balance-sheet cash movement: 2,276.0 vs 2,216.1 CNY mn (deviation 2.63%, severity mid)
Sources: 2023年年度报告.pdf p.93 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.85 「货币资金」. CF-statement figure above the balance-sheet movement by 59.9 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2024 · Cash-flow statement net increase vs balance-sheet cash movement: 1,054.9 vs 1,016.4 CNY mn (deviation 3.64%, severity mid)
Sources: 2024年年度报告.pdf p.87 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.79 「货币资金」. CF-statement figure above the balance-sheet movement by 38.4 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2025 · Cash-flow statement net increase vs balance-sheet cash movement: 489.2 vs 491.7 CNY mn (deviation 0.5%, severity low)
Sources: 2025年年度报告.pdf p.79 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.71 「货币资金」. CF-statement figure below the balance-sheet movement by 2.5 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2026Q2 · Cash-flow statement net increase vs balance-sheet cash movement: 5,805.5 vs 5,817.3 CNY mn (deviation 0.2%, severity low)
Sources: 2026年半年度报告.pdf p.51 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.43 「货币资金」. CF-statement figure below the balance-sheet movement by 11.8 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review.
4 check(s) not run for missing inputs: 前五大应收 vs BS 应收账款; 前五大其他应收 vs BS 其他应收款; 前五大预付 vs BS 预付款项; 授信表内总合计 vs Σ机构行.
Premium tier. The analyst red-flag review and the industry-context commentary (sections 7–8 of the full brief) are not included in this free build. Join the waitlist for early access.
9. Method & provenance
All financial figures above were extracted mechanically from the company's official periodic reports (unit-normalized to CNY). Each key figure carries cell-level provenance — source file, page and original line item. Samples (latest annual period):
| Item | Period | Value (CNY mn) | Source file | Page | Raw line item | Raw value (as filed) |
|---|---|---|---|---|---|---|
| Cash and bank balances | 2025 | 6,769.0 | 2025年年度报告.pdf | 71 | 货币资金 | 6769027693.49 (元) |
| Total assets | 2025 | 44,175.5 | 2025年年度报告.pdf | 72 | 资产总计 | 44175520008.47 (元) |
| Accounts receivable | 2025 | 344.3 | 2025年年度报告.pdf | 71 | 应收账款 | 344273709.15 (元) |
| Fixed assets | 2025 | 20,336.8 | 2025年年度报告.pdf | 71 | 固定资产 | 20336840208.87 (元) |
| Short-term borrowings | 2025 | 0.0 | 2025年年度报告.pdf | 72 | 短期借款 | 0.0 (元) |
This brief is built solely on officially filed public disclosures. It is not investment advice, not a credit rating, and not an offer of any service. Figures may contain extraction or caliber effects; verify against the original filings before relying on them.