China Hongqiao stock posts 39.2 percent profit growth

Published on 10/07/2026 at 00:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Hongqiao stock was last at HKD 21.20 on October 6, 2026, while first-half profit rose 39.2 percent. Gross margin reached 31.5 percent on higher aluminum prices.

China Hongqiao, KYG211501005, Illustration mit AI erstellt.

China Hongqiao stock was last at HKD 21.20 on HKEX on October 6, 2026 at 4:08 p.m. HKT, up 0.19 percent from the previous close. The latest operating picture is stronger than the small daily move suggests, with first-half 2026 net profit attributable to shareholders rising 39.2 percent to RMB 17.21 billion.

Profit growth outpaces revenue

According to FutuBull, China Hongqiao reported revenue of RMB 87.51 billion for the six months ended June 30, 2026, up 8.0 percent year over year. Gross profit rose 32.3 percent to RMB 27.53 billion, lifting gross margin from 25.7 percent to 31.5 percent.

The comparison points to operating leverage rather than volume-led expansion alone. Aluminum alloy sales volume fell 3.3 percent to 2.811 million tonnes, while the average selling price increased 18.7 percent to RMB 21,192 per tonne, according to the same interim report from FutuBull.

Margins matter more than volume

China Hongqiao's integrated chain covers bauxite, alumina, primary aluminum, energy and processed products. The company says its annual production capacity exceeds 6 million tonnes, while total assets reached RMB 241.17 billion as of June 30, 2026, according to its investor-relations page at China Hongqiao.

Debt also moved in a favorable direction during the first half. Bank borrowings declined 17.4 percent from the end of 2025 to RMB 35.87 billion, and the gearing ratio fell to 40.5 percent, according to FutuBull.

Analysts see further upside

GF Securities maintained a Buy rating and a HKD 33.31 fair value in a report carried by FutuBull. The assessment rests on higher aluminum prices, the group's integrated operations and shareholder returns, while the report also identifies weaker downstream demand, rising input costs and further alumina price declines as risks.

JPMorgan assigned an Overweight rating and a HKD 30.00 target, as reported by Moomoo. Against the HKD 21.20 last price, that target is 41.5 percent higher, but the gap remains an analyst view rather than a company forecast.

Stock stays below yearly high

China Hongqiao was last at HKD 21.20 on October 6, 2026, with a 52-week range of HKD 19.57 to HKD 41.36. Its market capitalization was HKD 208.2 billion and trading volume was 7,820,180 shares.