Group 1 - China Hongqiao (01378.HK) has seen a nearly 7% increase in its stock price, currently up 5.71% at HKD 29.24 [1] - The trading volume for China Hongqiao reached HKD 477 million [1]

Core Viewpoint - China Hongqiao (01378) has seen a significant stock price increase, attributed to recent production cuts in overseas electrolytic aluminum facilities, indicating a tightening supply-demand balance in the industry [1] Company Summary - China Hongqiao's stock rose nearly 7%, currently trading at HKD 29.24 with a transaction volume of HKD 477 million [1] - The company is recognized as a leading player in the electrolytic aluminum sector, benefiting from improved profitability and a trend towards stable dividends [1] Industry Summary - Recent production cuts at overseas electrolytic aluminum plants, including Century Aluminum's Grundartangi facility and the potential maintenance shutdown of Mozambique's Mozal plant, are expected to impact global supply for over six months [1] - According to Huatai Securities, the global electrolytic aluminum supply-demand gap may widen to 800,000 tons by 2026, with LME aluminum prices projected to exceed USD 3,200 per ton next year [1] - Tianfeng Securities notes that the tightening supply-demand dynamics are leading to significant improvements in profit margins for electrolytic aluminum producers, with a clear trend towards increased dividends across the industry [1]

Core Viewpoint - China Hongqiao (01378) has seen a significant stock price increase, attributed to recent production cuts in the overseas electrolytic aluminum sector, indicating a tightening supply-demand balance in the industry [1] Group 1: Company Performance - China Hongqiao's stock rose nearly 7%, currently trading at 29.24 HKD with a trading volume of 477 million HKD [1] - The company is implementing stable dividend policies, reflecting a shift towards becoming a high-quality, scarce asset in the market [1] Group 2: Industry Trends - Recent production cuts at overseas electrolytic aluminum plants, including Century Aluminum's Grundartangi plant, are expected to last over six months, contributing to a tighter supply [1] - Global electrolytic aluminum supply-demand gap is projected to widen to 800,000 tons by 2026, with LME aluminum prices expected to rise above 3,200 USD/ton next year [1] - The profitability of the electrolytic aluminum industry is improving significantly, with expectations for sustained high profits due to ongoing supply constraints [1]

Group 1 - China Hongqiao (01378) saw its stock price rise over 4%, reaching a new historical high of 28.96 HKD, with a trading volume of 566 million HKD [1] - Huatai Securities forecasts a global primary aluminum supply-demand gap of -59.1 million tons in 2025 and -84.3 million tons in 2026, predicting that LME aluminum prices may exceed 3200 USD/ton by 2026 [1] - Tianfeng Securities indicates that the tightening supply-demand dynamics are significantly improving the profitability of the electrolytic aluminum industry, with leading companies like China Hongqiao beginning to implement stable dividends [1] Group 2 - The electrolytic aluminum sector is transitioning from a traditional cyclical industry to a high-quality, scarce asset with price elasticity and dividend support [1] - The overall trend in the electrolytic aluminum industry is towards increased dividends this year, reflecting improved profitability amid supply constraints [1]

Core Viewpoint - China Hongqiao (01378) has seen its stock price rise over 4%, reaching a new historical high of 28.96 HKD, driven by positive market sentiment and forecasts regarding aluminum supply and demand dynamics [1] Industry Summary - According to Huatai Securities, the global primary aluminum supply-demand gap is projected to be -59.1 million tons in 2025 and -84.3 million tons in 2026, indicating a tightening market. It is expected that the LME aluminum price may exceed 3200 USD/ton by 2026 [1] - The domestic supply constraints are expected to exacerbate the supply-demand imbalance, leading to a significant narrowing of the price difference between domestic and international aluminum prices, with domestic prices likely to perform more strongly [1] Company Summary - Tianfeng Securities notes that the tightening supply-demand landscape is significantly improving the profitability of the electrolytic aluminum industry, with high profits expected to continue. This improvement in profitability is also reflected in the performance of electrolytic aluminum companies [1] - With the limitation on domestic supply, the peak of capital expenditure for electrolytic aluminum companies has passed. Leading companies like China Hongqiao are gradually implementing stable dividend policies, and there is a noticeable trend of increasing dividends across the electrolytic aluminum sector this year [1] - The current electrolytic aluminum stocks are transitioning from traditional cyclical commodities to high-quality, scarce assets characterized by price elasticity and dividend support [1]

Group 1 - The company announced the cancellation of 300,000 repurchased shares on October 23, 2025 [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 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]