CHALCO Shares Climb Over 3% Following Earnings Report, Q1 Net Profit Surges 56.35%

Stock News15:20

CHALCO (02600) rose more than 3% after reporting its quarterly results. At the time of writing, the stock was up 3.11% to HK$11.92, with a turnover of HK$351 million. On April 23, CHALCO announced its financial results for the first quarter of 2026. Revenue reached RMB 58.494 billion, a year-on-year increase of 4.85%. Net profit attributable to shareholders of the listed company was RMB 5.527 billion, up 56.35% compared to the same period last year. Basic earnings per share were RMB 0.323. Citigroup noted that it had previously initiated a 30-day positive catalyst watch on CHALCO, anticipating that meetings between the company's chairman, senior management, and investors would yield positive guidance. The bank also believes the market has underestimated the impact of supply disruptions in the aluminum industry caused by conflict in Iran. Citigroup reaffirmed CHALCO as its top pick in the sector.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment