Sales prices in the electrolytic aluminum market surged year on year. Hongqiao Holdings (002379.SZ) expects net profit of 15 billion yuan to 16 billion yuan for half a year

According to the Zhitong Finance App, Hongqiao Holdings (002379.SZ) disclosed the 2026 semi-annual results forecast. The company expects net profit attributable to shareholders of listed companies to be 15 billion to 16 billion yuan for the half year, an increase of 69.72% to 81.04% over the previous year. Net profit after deducting non-recurring profit and loss was 14.9 billion yuan to 15.9 billion yuan, turning a year-on-year loss into a profit.

In the first half of 2026, sales prices in the electrolytic aluminum market rose sharply year on year, and the gross profit of related businesses increased significantly; at the same time, the company's current loan scale was significantly reduced compared to the same period last year, and financial interest expenses were drastically reduced, further increasing profits.

In addition, in 2025, the company implemented a major asset restructuring and acquired 100% of the shares of Shandong Hongtuo Industrial Co., Ltd. (“Hongtuo Industrial”) by issuing shares. According to the relevant provisions of accounting standards, the net profit and loss generated by Hongtuo Industrial from the beginning of the period to the consolidated date was included in non-recurring profit and loss; after the restructuring of the current period was completed, this portion of the income was adjusted to show recurring profit and loss, causing the amount of non-recurring profit and loss to fluctuate greatly from year to year.