TacticScaleWhat Yunnan Aluminium (云铝股份) Does & How It Makes Money (000807.SZ)
Updated October 2026 · reflects Yunnan Aluminium's latest reported financials
Chinese aluminum producer making alumina, primary aluminum and alloy products. It makes money by selling commodity aluminum and alumina by the tonne, so revenue tracks output volumes and prevailing metal prices.
How Yunnan Aluminium makes money
It makes money by selling commodity aluminum and alumina by the tonne, so revenue tracks output volumes and prevailing metal prices. Higher-value alloy and processed products (round ingots, flat castings, welding wire, electrical rod) add a margin layer on top of the base metal.
What Yunnan Aluminium does
Yunnan Aluminium Co., Ltd. (000807.SZ) is a Kunming-headquartered aluminum producer founded in 1970, operating across the alumina and primary aluminum stages of the value chain plus a smaller Other segment. Its output spans metallurgical-grade alumina, remelt and refined aluminum ingots, cast alloy ingots, wrought round ingots and flat castings, welding materials and wires, electrical aluminum rod, carbon for aluminum, and aluminum home furnishing products. Demand comes from a broad industrial base: automobile lightweighting, rail transportation, shipbuilding, aerospace, architectural decoration, 3C electronics, packaging and printing, power and communications, and machinery, as well as inputs to corundum, ceramics and refractory materials. As a commodity metals business, results are driven by production volume and aluminum and alumina pricing, with processed alloy products offering incremental value over base metal.
Products & services
- Metallurgical grade alumina
- Primary/remelt aluminum ingots and refined aluminum ingots
- Cast aluminum alloy ingots
- Wrought aluminum alloy round ingots and flat castings
- Aluminum alloy welding wires and welding materials
- Electrician round aluminum rod
- Carbon products for aluminum smelting
- Aluminum home furnishing products
云铝股份是做什么的？
云南铝业股份有限公司（000807.SZ）成立于1970年，总部位于昆明，主营业务覆盖氧化铝与电解铝两大环节，另设其他业务板块。产品包括冶金级氧化铝、重熔用铝锭与精铝锭、铸造铝合金锭、变形铝及铝合金圆锭与扁铸件、铝及铝合金焊接材料与焊丝、电工圆铝杆、铝用炭素，以及铝制家居产品。 下游需求分布广泛，涵盖汽车轻量化、轨道交通、船舶、航空航天、建筑装饰、3C电子、包装印刷、电力通信、机械等行业，同时也用于刚玉、陶瓷和耐火材料的生产。作为大宗金属类企业，业绩主要取决于产量与铝、氧化铝价格走势，深加工合金产品则在基础金属之上提供额外附加值。
What is Yunnan Aluminium worth?
On an owner-earnings DCF, Yunnan Aluminium's most-likely value is about ¥34 versus a recent price near ¥26 (23% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥18) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Yunnan Copper (000878.SZ) · Aluminum Corporation of China (601600.SS) · Yunnan Tin (000960.SZ)