中国宏桥-2024 年下半年利润符合预期；股息支付率提高

March 14, 2025 01:06 PM GMT China Hongqiao Group | Asia Pacific 2H24 profit in-line; higher dividend payout Hongqiao reported a 95% YoY increase in FY24 net profit, to Rmb22.3bn, in-line with market expectation. The implied 2H24 earnings were up 47% YoY and 44% HoH, to Rmb13bn, on strong earnings increase from alumina segments on surging prices in 2H24 due to tight supply globally as well as solid profit contribution from aluminum in 2H24. GPM expanded to 30% in 2H24 vs. 24% in 1H24. Balance sheet improved ...