Core Viewpoint - China Hongqiao (01378) announced the cancellation of 300,000 repurchased shares on October 23, 2025 [1] Summary by Category - **Company Actions** - The company will cancel a total of 300,000 shares that were previously repurchased [1]

Core Viewpoint - China Hongqiao (01378) announced the cancellation of 300,000 repurchased shares on October 23, 2025 [1] Summary by Category - **Company Actions** - The company will cancel 300,000 shares that were previously repurchased [1]

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10月24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 | | | | | | | 每股發行 ...

Core Viewpoint - China Hongqiao (01378.HK) experienced a nearly 4% increase in early trading, with a current rise of 2.75%, priced at 26.14 HKD, and a trading volume of 471 million HKD [2] Summary by Category - **Stock Performance** - The stock rose nearly 4% in early trading [2] - As of the report, the stock is up 2.75% [2] - Current stock price is 26.14 HKD [2] - Trading volume reached 471 million HKD [2]

Core Viewpoint - China Hongqiao (01378) shows strong market performance with a nearly 4% increase in early trading, reflecting investor confidence amid ongoing share buybacks and positive industry dynamics [1] Company Summary - China Hongqiao's share price rose by 2.75% to HKD 26.14, with a trading volume of HKD 471 million [1] - The company has been actively repurchasing shares, spending HKD 7.5941 million to buy back 300,000 shares on October 14, and a total of HKD 2.6 billion to repurchase 18.7 million shares in the first half of the year, indicating strong confidence from the board and management in the company's long-term strategy and growth [1] Industry Summary - Century Aluminum announced a significant reduction in production at its Grundartangi aluminum smelter due to a fault, affecting 200,000 tons of capacity and reducing output by approximately two-thirds, which represents about 0.3% of global capacity [1] - South32 indicated a high probability of the Mozal aluminum smelter being offline for maintenance due to power supply issues, potentially affecting 500,000 tons of capacity by March 2026 [1] - Citic Securities highlighted that the Mozal shutdown could have significant implications for the aluminum industry, suggesting a tightening supply constraint and potential upward pressure on prices, while Guohai Securities maintains a positive long-term outlook for the aluminum sector due to limited supply growth and ongoing demand [1]

中国宏桥(01378)发布公告，于2025年10月16日该公司注销56.65万股已购回股份。 ...

Core Viewpoint - China Hongqiao (01378) announced the cancellation of 566,500 repurchased shares on October 16, 2025 [1] Company Summary - The company is set to cancel a total of 566,500 shares that were previously repurchased [1]

格隆汇10月17日丨中国宏桥(01378.HK)发布公告，2025年10月16日注销56.65万股购回股份。 ...

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10月17日 | 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（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年10月14日 | | 9,524,973,7 ...

Core Viewpoint - Huaxin Securities predicts that China Hongqiao's revenue for 2025-2027 will be 159.48, 164.11, and 168.84 billion yuan respectively, with net profit attributable to shareholders at 25.33, 27.11, and 28.74 billion yuan, corresponding to PE ratios of 8.9, 8.3, and 7.8 times, respectively, highlighting confidence in the company's large-scale buyback amid strong aluminum prices, initiating coverage with a "Buy" rating [1] Financial Performance - In H1 2025, the company reported revenue of 81.04 billion yuan, a year-on-year increase of 10.1%, and a net profit of 12.36 billion yuan, up 35% year-on-year [1][2] - The gross margin improved to 25.7%, an increase of 1.50 percentage points year-on-year, while the net margin reached 16.7%, up 3.1 percentage points year-on-year [1] Sales and Pricing - The average selling price of alumina products in H1 2025 was approximately 3,243 yuan/ton, a year-on-year increase of about 10.3%, while aluminum alloy products and aluminum alloy processing products saw average selling prices rise by 2.7% and 2.9% respectively [2] - The external sales volume of alumina products was 6.368 million tons, up 15.6% year-on-year, while aluminum alloy products and aluminum alloy processing products saw sales volumes increase by 2.4% and 3.5% respectively [2] Business Segmentation - In H1 2025, the revenue breakdown by business segment was 64.0% from aluminum alloy products, 25.5% from alumina, 10.0% from aluminum alloy processing products, and 0.5% from steam [2] - The total gross profit was 20.81 billion yuan, a year-on-year increase of 16.9%, with gross profit contributions from aluminum alloy products, alumina, and aluminum alloy processing products at 62.9%, 28.6%, and 9.0% respectively [2] Share Buyback and Cash Flow - The company spent 2.6 billion HKD to repurchase 187 million shares in H1 2025, reflecting confidence from the board and management in the company's long-term strategy and growth [3] - Operating cash flow reached 22.31 billion yuan, while investment and financing activities resulted in net cash outflows of 9.41 billion yuan and 8.97 billion yuan respectively [3] - The debt structure remained stable, with a debt-to-asset ratio of 49.1%, an increase of 0.9 percentage points from December 31, 2024 [3]