China Hongqiao’s Core Subsidiary Hongqiao Holdings Delivers 37.56% Profit Surge in Q1 2026

Bulletin Express04-24 18:43

China Hongqiao Group Limited (abbrev. China Hongqiao) reported key unaudited first-quarter 2026 results for its 88.99%-owned subsidiary, Shandong Hongqiao Aluminum Industry Holding Company Limited (Hongqiao Holdings).

Revenue and Profitability • Hongqiao Holdings generated revenue of RMB 40.93 billion, up 3.21% year on year. • Net profit attributable to shareholders rose 37.56% to RMB 6.76 billion, boosting basic and diluted EPS to RMB 0.5186. • After deducting non-recurring items, net profit reached RMB 6.80 billion, turning around a loss in the prior-year period. • Weighted average ROE improved to 13.81%, an increase of 2.93 percentage points.

Cash Flow Operating cash inflow grew 15.78% to RMB 9.24 billion, underscoring stronger liquidity from core operations.

Balance Sheet As of 31 March 2026, total assets stood at RMB 109.71 billion, down 1.41% from year-end 2025, while equity attributable to shareholders expanded 14.71% to RMB 52.28 billion.

Additional Notes The disclosed figures follow PRC accounting standards, are unaudited, and cover only Hongqiao Holdings. They exclude other subsidiaries of China Hongqiao and intra-group adjustments. Investors are advised to consider these limitations when interpreting the data.

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