Changes in Hong Kong stocks | China Hongqiao (01378) rose nearly 5%, and the company's semi-annual performance reached a new high and continued to improve long-term shareholders' returns

The Zhitong Finance App learned that China's Hongqiao (01378) rose nearly 5%. As of press release, it had risen 4.86% to HK$23.74, with a turnover of HK$304 million.

According to the news, the 2026 interim results recently disclosed by China Hongqiao show that in the first half of the year, the company 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%. The semi-annual performance reached a new high, mainly due to the year-on-year increase in the sales price of aluminum alloy products and the sharp rise in the volume and price of aluminum alloy deep processing products. The company carried out a total of HK$5.2 billion in share repurchases and completed cancellation in the first half of the year, enhancing long-term shareholders' returns. It is worth noting that due to the recent outbreak of the biggest exchange of fire between the US and Iran since July, geopolitical risks are expected to provide premium support for aluminum prices.

Jefferies pointed out that the company's performance in the first half of 2026 was solid, costs remained stable, and the size of debt declined. The management is still full of confidence in the aluminum market. It is estimated that the aluminum price range for the second half of 2026 will be 23,600-24,300 yuan/ton. The bank believes that the company's valuation is attractive and maintains the buying rating. SDIC Securities International also believes that the company is an excellent high-dividend target and has achieved good results in a complex macro environment, and investors are encouraged to pay attention.