Shandong Hongchuang Aluminum Industry Holding Co Ltd

Hongqiao Holdings released its 2026 interim report, with net profit attributable to the parent company of 15.645 billion yuan. The company's total operating revenue was 86.504 billion yuan, and net cash inflow from operating activities was 18.701 billion yuan. The latest asset-liability ratio was 44.82%, up 5.13 percentage points from the same period last year; gross margin was 25.38%, ROE was 27.03%, and diluted earnings per share was 1.20 yuan. The company had 43,100 shareholders, and the top ten shareholders held 12.263 billion shares, accounting for 94.11% of total share capital.

Shandong Hongqiao Aluminum Holdings plans to issue shares to targeted investors to raise up to 12 billion yuan, for the construction of wind power, solar power, and aluminum deep processing projects. The projects will be located in Yunnan and Shandong, forming a source-load matching model of wind and solar new energy plus electrolytic aluminum load with existing capacity, and creating an integrated green power to green aluminum industry chain. The company's green power usage ratio had risen to 40 percent by the end of 2025, and this fundraising will further enhance its independent clean power supply capability, reduce electricity costs, and consolidate its cost advantage.

Hongqiao Holdings disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 15 billion and 16 billion yuan, representing a year-on-year increase of 69.72% to 81.04%, with basic earnings per share of 1.1511 yuan to 1.2278 yuan. During the reporting period, the sales price of electrolytic aluminum in the market rose significantly year-on-year, leading to a notable improvement in gross profit for the related business. At the same time, the company's borrowing scale during the period was markedly reduced compared with the same period last year, resulting in a substantial decrease in financial interest expenses, which further boosted profits.