China Hongqiao Shares Fall to Three-Month Low on Earnings Miss
By Megan Cheah
Shares of China Hongqiao Group fell to a three-month low Monday morning after the aluminum producer's net profit missed expectations.
The stock dropped as much as 13% to 30.10 Hong Kong dollars, equivalent to US$3.84, before trimming losses to trade down 12%.
The company reported 2025 net profit of 22.64 billion yuan, equivalent to US$3.29 billion, up 1.2%, while revenue rose 4.0% to 162.35 billion yuan, it said Friday.
Despite the increase, the company fell short of analysts' estimates, partly due to higher financial expenses, Citi analysts led by Jack Shang said.
They said the Middle East conflict is the company's biggest headwind, weighing on near-term demand and pressuring aluminum prices. Still, they see the share-price pullback as a buying opportunity.
Other aluminum stocks also declined. Nanshan Aluminium International fell 7.9% by the midday break, while Hong-Kong listed shares of Aluminum Corp. of China fell 5.65%.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
March 23, 2026 01:03 ET (05:03 GMT)
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