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华泰证券:维持中国宏桥(01378)“买入”评级 公司业绩或维持高位
智通财经网· 2025-08-21 02:55
Core Viewpoint - Huatai Securities maintains a "buy" rating for China Hongqiao (01378) and raises the forecast for net profit attributable to shareholders for 2025-2027 by 34.3%, 17.68%, and 2.95% to CNY 21.659 billion, CNY 20.889 billion, and CNY 21.912 billion respectively, with corresponding EPS of CNY 2.29, CNY 2.20, and CNY 2.31 [1] Group 1: Financial Performance - The company reported a revenue of CNY 81.039 billion for the first half of 2025, an increase of 8.48% year-on-year, and a net profit attributable to shareholders of CNY 12.361 billion, up 35.02% year-on-year, aligning with previous profit forecasts [2] - The gross profit margin for the first half of 2025 was 25.67%, an increase of 1.48 percentage points year-on-year, driven by an average price of electrolytic aluminum at CNY 20,300 per ton, up 2.66% year-on-year [3] Group 2: Cost and Profitability - The decline in electricity costs, influenced by falling coal prices, is expected to enhance profitability, particularly in Shandong where the company has a high proportion of purchased electricity from coal [4] - The company plans to repurchase shares worth no less than HKD 3 billion, reflecting management's confidence in future performance and long-term investment value [4] Group 3: Market Outlook - The company remains optimistic about the upward trend in aluminum prices for the second half of 2025, supported by low inventory levels and strong demand from the photovoltaic and automotive sectors [5] - The outlook for alumina prices is stable, with limited downside potential due to ongoing mining inventory reduction cycles, despite a generally loose supply situation [5]
印度政府文件显示,印度到2030财年国内铝需求将达到850万吨。
news flash· 2025-07-04 07:22
印度政府文件显示,印度到2030财年国内 铝需求将达到850万吨。 ...
印度政府文件显示,印度国内对铝的需求到2030财年将达到850万吨。
news flash· 2025-07-04 07:22
Group 1 - The core viewpoint of the article indicates that domestic demand for aluminum in India is projected to reach 8.5 million tons by the fiscal year 2030 [1]
澳新银行:预计今年中国铝需求将增长2%至4400万吨左右。
news flash· 2025-05-22 21:28
Core Viewpoint - The Australian and New Zealand Banking Group (ANZ) forecasts a 2% increase in China's aluminum demand this year, reaching approximately 44 million tons [1] Industry Summary - ANZ projects that China's aluminum demand will grow by 2% in 2023 [1] - The expected demand level is around 44 million tons, indicating a significant market for aluminum in China [1]