Guangda Securities: Volume and price increase help China Hongqiao (01378.HK) achieve high year-on-year performance growth and maintain a "Buy" rating.

According to the Wisdom Finance APP, Guotai Junan Securities released a research report stating that considering China Hongqiao's (01378.HK) leading position in the aluminum industry, they maintain a "buy" rating. With expectations of a rise in aluminum prices, they have raised their profit forecast for the company. It is estimated that the mother net profit for the years 2025-2027 will be 24.73 billion yuan / 26.6 billion yuan / 28.71 billion yuan, with an increase of 5.8% / 5.6% / 3.4% respectively, corresponding to current stock price PEs of 8.8 / 8.1 / 7.5 times. The company announced that in the first half of 2025, it achieved operating income of 81.04 billion yuan, an increase of 10.1% year-on-year; achieving a net profit attributable to the mother of 12.36 billion yuan, a year-on-year increase of 35%.