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

Published: Jul 13, 2026 09:40

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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.

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