【SMM Aluminum Flash News】Hongqiao Holdings Forecasts 69.72%-81.04% Net Profit Growth in H1 2026

Published: Jul 13, 2026 09:40

Save

Hongqiao Holdings announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 15 billion and RMB 16 billion, representing a year-on-year increase of 69.72% to 81.04%. The performance change is mainly due to a significant year-on-year increase in the sales price of electrolytic aluminum, resulting in a significant improvement in the gross profit of related businesses. At the same time, the scale of borrowing has been reduced, leading to a substantial decrease in financial interest expenses. Note: The company's Q2 net profit is expected to be between RMB 8.242 billion and RMB 9.242 billion, while Q1 net profit was RMB 6.758 billion. Based on this, Q2 net profit is expected to increase by 21% to 36% quarter-on-quarter.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

Philippine DTI Plans Mandatory Certification for Aluminum Products Ensuring Quality and Safety Standards

According to Philippine media reports on the 12th, the Philippine Department of Trade and Industry (DTI) was planning to push for the establishment of a mandatory certification program for aluminum products that requires local and foreign manufacturing enterprises in the Philippines to obtain official Philippine quality and safety permits in advance and adopts a "one plant, one certificate" certification approach.

7 hours ago

Jiangsu Dingchen Begins Construction on 30,000 mt Enameled Wire Project

On August 8, construction started on Jiangsu Dingchen's project with an annual output of 30,000 mt of enameled copper wire and aluminum wire. The project will construct an R&D office complex of more than 6,000 m² and production workshops and ancillary buildings of more than 8,000 m², and add multiple intelligent production lines for enameled round and flat wire.

7 hours ago

Hebei Shengzhuo's Rare Earth Aluminum Project Launches, Reducing Costs and Energy Consumption

On August 10, 2026, the 150,000 mt rare earth aluminum alloy project of Quantum Digital New Materials Co., Ltd. under Hebei Shengzhuo Group was put into production. The project adopts two operating models: direct molten aluminum supply and aluminum ingot exports. Direct molten aluminum supply can save downstream clients 600 to 700 yuan per mt in costs and reduce comprehensive energy consumption by 30%-40%. The project uses cutting-edge processes such as a LIBS intelligent sorting system and a twin-chamber reverberatory furnace, achieving a metal burn-off rate of only 0.6% and a metal recovery rate from aluminum dross of over 95%. After harmless treatment, the aluminum dross is used as raw material for building materials, thereby achieving closed-loop "zero waste discharge" production. :

7 hours ago