China Hongqiao climbs as H1 profit, revenue rise on supply shortage
24/08/2026 05:13
BUZZ-China Hongqiao climbs as H1 profit, revenue rise on supply shortage ** Shares of China Hongqiao Group 1378.HK climb 2.3% to HK$23.72, their highest level since August 13, and on course for second consecutive session of gains
** Chinese aluminium products manufacturer says its first half net profit attributable rose 39.2% y/y to 17.21 billion yuan ($2.56 billion); revenue up 8% y/y to 87.51 billion yuan
** "Supported by supply shortages and sustained growth in demand, the price centre of global electrolytic aluminium shifted significantly upward year-on-year" - Co
** YTD, stock down 27.8%, benchmark Hang Seng Index .HSI down 0.7%
($1 = 6.7228 Chinese yuan renminbi)
(Reporting by Donny Kwok)
Recent news on China Hongqiao
See all newsFactbox: Low-carbon copper and aluminium products
China Hongqiao climbs as H1 profit, revenue rise on supply shortage
China Hongqiao H1 profit rises 39% on higher aluminum alloy prices
Brief: China Hongqiao Group Posts H1 Net Income Attributable RMB 17,210.3 million
Brief: China Hongqiao's Unit To Raise Up To RMB12 Billion Via Private Placement