Hongqiao Holdings Expects 69.72%-81.04% Net Profit Growth in H1 2026, Driven by Higher Aluminum Prices

Published: Jul 11, 2026 14:20

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On July 10, Hongqiao Holdings announced that it expects net profit attributable to shareholders of the publicly listed firm for the first half of 2026 to be 15 billion yuan to 16 billion yuan, up 69.72% to 81.04% YoY. The change in performance was mainly due to a significant YoY increase in the aluminum market selling price, which markedly improved gross margins in related businesses, alongside a reduction in borrowings that sharply lowered financial interest expenses.

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