CHINAHONGQIAO(01378)

Search documents
中国宏桥9月1日耗资约3.92亿港元回购1527.55万股
Zhi Tong Cai Jing· 2025-09-01 23:42
中国宏桥(01378)公布,2025年9月1日耗资约3.92亿港元回购1527.55万股股份。 ...
中国宏桥(01378.HK)9月1日耗资3.92亿港元回购1527.55万股

Ge Long Hui· 2025-09-01 23:37
Group 1 - The company China Hongqiao (01378.HK) announced a share buyback plan, intending to repurchase 15.2755 million shares at a total cost of HKD 392 million [1] - The buyback price is set at HKD 25.66 per share, indicating a strategic move to enhance shareholder value [1]
中国宏桥(01378)9月1日耗资约3.92亿港元回购1527.55万股

智通财经网· 2025-09-01 23:36
智通财经APP讯,中国宏桥(01378)公布,2025年9月1日耗资约3.92亿港元回购1527.55万股股份。 ...
中国宏桥(01378) - 翌日披露报表

2025-09-01 23:31
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: 中國宏橋集團有限公司 呈交日期: 2025年9月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01378 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份(不包括庫 ...
浙商证券:积极回购重视股东回报 维持中国宏桥“买入”评级
Zhi Tong Cai Jing· 2025-09-01 02:44
Core Viewpoint - The electrolytic aluminum industry is in an upward cycle, benefiting from rising aluminum prices and low coal prices, leading to significant profit elasticity for China Hongqiao (01378) [1] Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 81 billion yuan, a year-on-year increase of 10.1%, with a gross profit of 20.8 billion yuan, up 30 billion yuan, representing a growth rate of 17% [1] - The net profit attributable to shareholders reached 12.4 billion yuan, a year-on-year increase of 32%, with a basic earnings per share of 1.314 yuan, up approximately 36% [1] Group 2: Business Segments - The revenue from liquid aluminum alloys and aluminum alloy ingots was approximately 51.9 billion yuan, a year-on-year increase of 5%, with a gross profit of 13.1 billion yuan, up 9.5 billion yuan, representing an 8% growth [2] - The revenue from alumina was about 20.7 billion yuan, a year-on-year increase of 28%, with a gross profit of 5.9 billion yuan, up 18 billion yuan, representing a 44% growth [2] - The revenue from aluminum processing products was approximately 8.1 billion yuan, a year-on-year increase of 6%, with a gross profit of 1.9 billion yuan, up 2.8 billion yuan, representing an 18% increase [3] Group 3: Capacity and Cost Management - The increase in shareholding in Yunnan Hongtai from 75% to 100% will enhance the company's rights to 203,000 tons of electrolytic aluminum capacity, resulting in an increase of approximately 40,600 tons in equity capacity [4] - The average electricity price in Yunnan is expected to decrease from 0.49 yuan per kWh in the first half of 2024 to 0.42 yuan per kWh in the second half, significantly reducing production costs [5] Group 4: Mining Operations - The profit from the Guinea bauxite mine increased to approximately 1.8 billion yuan in the first half of 2025, a year-on-year increase of 119% [6] - The company has established a strong raw material supply capability through its overseas bauxite layout and is expected to enhance profits with the upcoming West Simandou iron ore project [6] Group 5: Shareholder Returns - The company plans to repurchase shares for no less than 3 billion Hong Kong dollars, reflecting confidence in its long-term value [7] - The company has maintained a high dividend payout ratio of around 50% since 2021, with a cash dividend total of 13.9 billion yuan in 2024 [7]
25家港股公司出手回购(8月29日)
Zheng Quan Shi Bao Wang· 2025-09-01 02:38
证券时报·数据宝统计显示,8月29日有25家香港上市公司进行了股份回购,合计回购1720.21万股,回购 金额8.69亿港元。 腾讯控股回购数量91.90万股,回购金额5.50亿港元,回购最高价为605.000港元,最低价为594.500港 元,年内累计回购金额455.49亿港元;中国宏桥回购数量892.35万股,回购金额2.27亿港元,回购最高 价为25.440港元,年内累计回购金额39.11亿港元;恒生银行回购数量21.00万股,回购金额2351.69万港 元,回购最高价为112.500港元,最低价为111.500港元,年内累计回购金额4.79亿港元。 以金额进行统计,8月29日回购金额最多的是腾讯控股,回购金额为5.50亿港元;其次是中国宏桥,回 购金额为2.27亿港元;回购金额居前的还有恒生银行、美高梅中国等。回购数量上看,8月29日回购股 数最多的是中国宏桥,当日回购量为892.35万股;其次是威高股份、美高梅中国等,回购数量分别为 126.00万股、100.00万股。 8月29日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额(万 | 回购最高价 | 回购最低价 | 年内累计回购金 ...
30亿回购计划提振信心 招银国际上调中国宏桥(01378)目标价至27港元
智通财经网· 2025-09-01 02:37
Core Viewpoint - China Hongqiao (01378) maintains a "Buy" rating with a target price raised from HKD 20.6 to HKD 27, driven by strong performance in H1 2025 and a new share buyback plan that boosts market confidence [1][2]. Financial Performance - In H1 2025, China Hongqiao achieved a net profit of RMB 12.3 billion, a 35% year-on-year increase, aligning with previous profit forecasts; core net profit, excluding convertible bond fair value losses, reached RMB 14.9 billion, up 42% year-on-year [1][2]. - Revenue and profit growth were observed across all three core business segments: - Aluminum alloy products (64% of H1 revenue) generated RMB 51.9 billion, a 5% increase, with sales up 2.4% to 2.91 million tons and average selling price (ASP) up 2.7% to RMB 17,853/ton [2]. - Alumina business (26% of H1 revenue) saw revenue surge 28% to RMB 20.7 billion, with sales up 10% to 6.37 million tons and ASP up 5% to RMB 3,243/ton [2]. - Aluminum processing products (10% of H1 revenue) reported a 6.5% revenue increase to RMB 8 billion, with sales up 3.4% to 392,000 tons and ASP up 2.9% to RMB 20,615/ton [2]. Share Buyback and Market Confidence - The company did not declare an interim dividend this year, which surprised the market; however, it announced a new share buyback plan with a minimum investment of HKD 3 billion, representing 1.4% of total shares and 4.5% of free float, valid until May 2026 [2][3]. - The buyback reflects management's confidence in the company's future and aims to offset potential dilution from convertible bonds [3]. Future Outlook - China Hongqiao's earnings forecasts for 2025-2027 have been raised by 12%-14% due to tight supply in the aluminum industry and expected declines in raw material prices, particularly coal [3]. - The company is projected to benefit from a 3% profit increase for every 1% rise in aluminum prices and a 0.5% profit increase for every 1% drop in coal prices, indicating a favorable cost and pricing environment [3]. Valuation - The target price of HKD 27 is based on a forward P/E ratio of 8.6 times for 2026, reflecting a premium for improved financial health and the ongoing industry upcycle [3]. - Despite recent stock price increases, the estimated dividend yield could reach 7.9% assuming a 60% payout ratio, indicating continued valuation attractiveness [3].
浙商证券:积极回购重视股东回报 维持中国宏桥(01378)“买入”评级
智通财经网· 2025-09-01 02:35
Core Viewpoint - The electrolytic aluminum industry is in an upward cycle, benefiting from rising aluminum prices and low coal prices, with China Hongqiao (01378) showing significant profit elasticity and increased equity stakes, leading to a projected net profit of 25.7 billion yuan, 27.8 billion yuan, and 30 billion yuan for 2025-2027 [1] Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 81 billion yuan, a year-on-year increase of 10.1%; gross profit was 20.8 billion yuan, up 30 billion yuan, with a growth rate of 17%; net profit attributable to shareholders was 12.4 billion yuan, a year-on-year increase of 32% [1] - The company's basic earnings per share reached 1.314 yuan, a year-on-year increase of approximately 36% [1] Group 2: Business Segments - Revenue from liquid aluminum alloys and aluminum alloy ingots in H1 2025 was approximately 51.9 billion yuan, a year-on-year increase of 5%, with a gross profit of 13.1 billion yuan, up 9.5 billion yuan [2] - Revenue from alumina in H1 2025 was approximately 20.7 billion yuan, a year-on-year increase of 28%, with a gross profit of 5.9 billion yuan, up 44% [2] - Revenue from aluminum processing products in H1 2025 was approximately 8.1 billion yuan, a year-on-year increase of 6%, with a gross profit of 1.9 billion yuan, up 18% [3] Group 3: Capacity and Cost Management - The increase in equity stake in Yunnan Hongtai from 75% to 95% will enhance the company's rights to 203,000 tons of electrolytic aluminum capacity, with an expected increase of approximately 30,600 tons in equity production [4] - The company plans to relocate production to Yunnan, where electricity costs are significantly lower during the wet season, leading to reduced production costs [5] Group 4: Mining Operations - The company's share of profits from joint ventures in H1 2025 was approximately 1.8 billion yuan, a year-on-year increase of 119% [6] - The Guinea bauxite project has seen a significant increase in shipment volume, with a year-on-year growth of 35% [6] - The company is also developing the WCS iron ore project in Guinea, which is expected to contribute to profit starting in 2026 [6] Group 5: Shareholder Returns - The company plans to repurchase shares for no less than 3 billion Hong Kong dollars, reflecting confidence in its long-term value [7] - The company has maintained a high dividend payout ratio of around 50% since 2021, with a cash dividend total of 13.9 billion yuan in 2024 [7]
智通港股回购统计|9月1日





智通财经网· 2025-09-01 01:13
| 股票名称 | 回购数 | 回购额 | 年累计回购数量 | 年累计回购数量/总 | | --- | --- | --- | --- | --- | | | | | (股) | 股本 | | 腾讯控股(00700) | 91.90 万 | 5.50 亿 | 4666.10 万 | 0.508% | | 潍柴动力(02338) | 1641.70 万 | 2.50 亿 | 3914.25 万 | 0.449% | | 中国宏桥(01378) | 892.35 万 | 2.27 亿 | 8867.00 万 | 0.950% | | 恒生银行(00011) | 21.00 万 | 2351.69 万 | 423.00 万 | 0.225% | | 美高梅中国(02282) | 100.00 万 | 1606.02 万 | 1062.74 万 | 0.280% | | 中旭未来(09890) | 66.42 万 | 1000.26 万 | 146.92 万 | 2.760% | | 威高股份(01066) | 126.00 万 | 744.79 万 | 432.00 万 | 0.957% | | 贝壳-W(02423 ...


中国宏桥(01378) - 截至2025年8月31日止月份之股份发行人之证券变动月报表

2025-08-31 23:51
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 中國宏橋集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01378 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.01 | USD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 20,000,000,000 | USD | | 0.01 | USD | | 200,000,000 | 本月底法定/ ...