China Hongqiao H1 profit rises 39% on higher aluminum alloy prices

China Hongqiao

21/08/2026 12:16

Overview
China aluminum producer's H1 revenue grew 8% yr/yr
Net profit attributable to shareholders rose 39% yr/yr
Basic earnings per share increased 32% yr/yr

Outlook
Company did not provide specific financial outlook

Result Drivers
ALUMINUM PRICING AND MIX – Revenue and attributable profit growth were driven by higher aluminum alloy prices and higher deep-processed product volumes and prices
ALUMINA PRICE DECLINE – Alumina revenue fell 22.1% as average selling prices dropped 28.3%, weighing on product mix

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 87.51 bln
 
H1 Net Income Attributable
 
RMB 17.21 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aluminum peer group is "buy"
Wall Street's median 12-month price target for China Hongqiao Group Ltd is HK$40.94, about 76.6% above its August 21 closing price of HK$23.18
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 19 - Aluminium giant Rusal swings to first-half profit on higher commodity prices
Aug 20 - Gulf aluminium output slides in July, weighing on global production
Aug 21 - Baosteel's first-half net profit falls on high feedstock prices, subdued demand 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)