Changes in Hong Kong stocks | China's Hongqiao (01378) rose more than 4%, and the rise in aluminum prices led to high performance in the first half of the year, and the company's high dividend attributes were stable

The Zhitong Finance App learned that China's Hongqiao (01378) rose by more than 4%. As of press release, it had risen 4.06% to HK$24.12, with a turnover of HK$713 million.

According to the news, on the evening of August 21, China's Hongqiao revealed its 2026 interim results. Financial reports show that in the first half of the year, China's Hongqiao achieved revenue of 87.506 billion yuan, a continuous increase of 8% under a high base; net profit to mother was 17.21 billion yuan, a year-on-year increase of 39.2%. It mainly benefits from the year-on-year increase in the sales price of aluminum alloy products, the year-on-year increase in sales volume of aluminum alloy deep-processing products, and the year-on-year increase in sales prices.

Huatai Securities believes that in the future, domestic electrolytic aluminum production capacity restrictions are still in place, compounding high-cost overseas production capacity to support aluminum prices. At the same time, the cost advantage is outstanding under the company's integrated industrial chain layout, and profit flexibility is expected to continue to be unleashed. Considering that the company's high dividend attributes are stable, it maintains a “buy” rating.