China Hongqiao expects 35% profit increase
China Hongqiao Group Limited (HKEX:1378) announced a positive profit alert, projecting an approximate 35% increase in net profit for the six months ending June 30, 2025, compared to the same period in 2024. The expected surge is primarily attributed to favorable market conditions, specifically increased sales prices of the Group’s aluminum alloy and alumina products, coupled with a rise in sales volume. The gross profit from these products also saw an increase compared to the corresponding period. The announcement is based on a preliminary assessment using currently available information, including unaudited consolidated management accounts up to May 31, 2025. The company advises shareholders and potential investors to exercise caution when dealing in the company's shares. Detailed financial results for the period will be disclosed in the interim results announcement, expected by the end of August 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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