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 ...

售价方面，公司2025H1氧化铝产品平均销售价格约为3243元/吨(不含增值税)，同比上升约10.3%;铝合 金产品平均销售价格约为17853元/吨(不含增值税)，同比上升约2.7%;铝合金加工产品平均售价为20615 元/吨(不含增值税)，同比上升约2.9%。 销量方面，公司2025H1氧化铝产品对外销量为636.8万吨，同比上升约15.6%。铝合金产品对外销量 290.6万吨，同比上升约2.4%。铝合金加工产品销量39.2万吨，同比上升约3.5%。 财务分产品来看，2025H1公司总营收810.4亿元，同比+10.1%，其中铝合金产品、氧化铝、铝合金加工 产品和蒸汽，四个业务板块营收占比分别为64.0%、25.5%、10.0%、0.5%。公司总毛利208.1亿元，同 比+16.9%，其中铝合金产品、氧化铝和铝合金加工产品，三个业务板块毛利分别占比62.9%、28.6%、 9.0%。 大规模回购彰显信心 华鑫证券发布研报称，预测中国宏桥(01378)2025-2027年营业收入分别为1594.80、1641.10、1688.40亿 元，归母净利润分别为253.33、271.07、287.44亿元，当前股价对 ...

Core Viewpoint - Huaxin Securities predicts that China Hongqiao's revenue and net profit will grow steadily from 2025 to 2027, with a strong buy rating based on robust aluminum prices and significant share buybacks [1] Financial Performance - In H1 2025, the company reported a 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 [2] - The gross margin improved to 25.7%, an increase of 1.50 percentage points, while the net margin reached 16.7%, up 3.1 percentage points [2] Sales and Pricing - The average selling price for alumina products 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 price increases of 2.7% and 2.9%, respectively [3] - Sales volume for alumina products rose to 6.368 million tons, a 15.6% increase year-on-year, while aluminum alloy products and aluminum alloy processing products saw sales increases of 2.4% and 3.5%, respectively [3] Business Segmentation - In H1 2025, revenue contributions from aluminum alloy products, alumina, aluminum alloy processing products, and steam were 64.0%, 25.5%, 10.0%, and 0.5%, respectively [3] - 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 being 62.9%, 28.6%, and 9.0%, respectively [3] 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 [4] - Operating cash flow reached 22.31 billion yuan, while investment and financing activities resulted in net outflows of 9.41 billion yuan and 8.97 billion yuan, respectively [4] - Financial expenses decreased by 17.7% to 1.28 billion yuan, with a debt-to-asset ratio of 49.1%, up 0.9 percentage points from December 31, 2024 [4]

Core Viewpoint - China Hongqiao (01378.HK) announced a share buyback of 300,000 shares at a total cost of HKD 7.5941 million, with prices ranging from HKD 25.18 to HKD 25.46 per share [2] Group 1 - The company executed the buyback on October 14, 2025 [2] - The total expenditure for the buyback was HKD 7.5941 million [2] - The price range for the repurchased shares was between HKD 25.18 and HKD 25.46 [2]

Group 1 - The company China Hongqiao (01378) announced a share buyback plan [1] - The total amount allocated for the buyback is HKD 7.5941 million [1] - The company plans to repurchase 300,000 shares at a price range of HKD 25.18 to 25.46 per share [1]

Group 1 - The company China Hongqiao (01378.HK) announced a share buyback on October 14, 2025, spending HKD 7.5941 million to repurchase 300,000 shares [1] - The buyback price ranged from HKD 25.18 to HKD 25.46 per share [1]