HK Stock Market Move | CHINAHONGQIAO (01378) rose over 4%, driven by the increase in aluminum prices, leading to substantial growth in the first half of the year's performance. The company's high dividend attribute remains solid.

CHINAHONGQIAO (01378) surged over 4%, and as of the time of writing, it is up 4.06% at HKD 24.12, with a trading volume of HKD 713 million. On the news front, on the evening of August 21, CHINAHONGQIAO announced its interim results for the fiscal year 2026. The financial report shows that in the first half of the year, CHINAHONGQIAO achieved a revenue of CNY 87.506 billion, marking an 8% increase against a high base; the net profit attributable to shareholders was CNY 17.21 billion, with a year-on-year growth rate of 39.2%. This was primarily driven by the year-on-year increase in sales prices of aluminum alloy products, a rise in the sales volume of deep-processed aluminum alloy products, and an increase in sales prices year-on-year. Huatai believes that looking ahead, the ceiling constraints on domestic electrolytic aluminum production capacity remain, combined with overseas high-cost capacity supporting aluminum prices. Additionally, the company's cost advantages under its integrated supply chain layout are prominent, and profit elasticity is expected to continue to be released. Considering the company's strong dividend attributes, the "Buy" rating is maintained.