: China Hongqiao's performance hits historical high, maintains "recommended" rating, target price of HK$26.65.

Wisdom Finance App learned that Huachuang Securities released a research report stating that considering the relocation of China Hongqiao (01378.HK) project, changes in the quantity and price of electrolytic aluminum and alumina, the company is expected to achieve a net profit attributable to shareholders of 22.54 billion yuan, 23.09 billion yuan, and 23.87 billion yuan (previous values were 20.77 billion yuan, 22.38 billion yuan, and 23.45 billion yuan), with year-on-year growth rates of 0.7%, 2.5%, and 3.4% respectively. The industry average valuation for the company's share in the industry in 2025 is 9.4 times. The bank gives the company a 2025 P/E ratio of 10 times and a target price of 26.65 Hong Kong dollars, maintaining a "buy" rating.