Movement Alert|China Hongqiao Rises 3.26% in Regular Trading, Aluminum Sector Rebounds as Strong H1 Earnings Reinforce Momentum

Market Focus07-20

On July 20, China Hongqiao rose 3.26% in regular trading, trading at 22.84 HKD/share, with turnover of 804 million HKD. The aluminum sector rallied broadly, with CHALCO up 5.39%, Chuangxin Industrial up 4.14%, and Nanshan Aluminium International up 4.10%.

On the news front, the company previously issued a positive profit alert, forecasting H1 net profit to increase approximately 39% year-over-year, primarily driven by higher aluminum alloy product selling prices. Bank of America Securities noted that the implied Q2 attributable net profit grew approximately 20% quarter-over-quarter, signaling accelerating earnings momentum. The rebound follows a sector-wide pullback in the prior session, with capital flows returning visibly to the aluminum plate.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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