On March 16, Tianshan Aluminum Group Co., Ltd., a China-based aluminium sheet provider, experienced a drop in its stock price, sliding by 4.21 per cent to reach an intraday low of CNY 18.50 (USD 2.66). The decline is taking place against the backdrop of a wider market downturn, as the China Shanghai Composite index also fell by 0.82 per cent on the same day.

Even with the current downturn, the aluminium sheet provider has been reflecting with positive performance metrics over different time periods.

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Over the last year, the firm’s stock has shown a return of 98.3 per cent, which is deemed to far surpass the China Shanghai Composite, which only saw a 21.93 per cent increase.

Year-to-date, the firm saw an increase of 15.33 per cent, highlighting the strong positioning within the market. Moreover, the company has been consistently delivering positive results, with operating cash flow hitting nearly CNY 6,405.24 million (USD 920.79 million).

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Besides this, the firm has been reflecting a good debt-equity ratio of just 0.43, along with a return on equity of 16.22 per cent. With a price-to-book ratio sitting at 2.26 and a dividend yield of 3.54 per cent, the company continues to offer a compelling valuation in the non-ferrous metals sector.