Group 1 - The core viewpoint of the article highlights that China Hongqiao (01378) has seen a significant increase in stock price, rising over 4% amid improving demand for electrolytic aluminum and strong supply constraints [1] - According to Guangfa Securities, the upward elasticity of aluminum prices should not be overlooked, especially with the anticipated demand recovery [1] - As of March 2025, China Hongqiao is expected to have an electrolytic aluminum production capacity of 6.459 million tons, maintaining stable production and sales while reducing costs [1] Group 2 - The company is projected to achieve a net profit attributable to shareholders of 32.74 billion yuan in 2026, assuming an aluminum price of 23,000 yuan per ton [1] - The annual cash dividend payout ratios for the company from 2022 to 2024 are forecasted to be 49%, 48%, and 64% respectively, indicating a strong commitment to shareholder returns [1] - If the high dividend payout ratio continues, the expected dividend yield based on the market capitalization as of February 9 could reach 6.7% [1]
中国宏桥早盘涨超4% 铝价上涨将带来公司利润弹性 高分红比例有望延续