Summary by Moomoo AI
China Hongqiao Group Limited ('China Hongqiao') has disclosed unaudited performance results for the six months ending June 30, 2024, showing that the company's revenue increased by 12.0% year-on-year, reaching approximately CNY 73,592,249,000; gross profit increased significantly by 202.1% year-on-year, reaching approximately CNY 17,801,761,000; net profit attributable to shareholders increased by 236.7% year-on-year, reaching approximately CNY 10,007,876,000; net profit attributable to shareholders of the Company increased by 272.7% year-on-year, reaching approximately CNY 9,154,911,000; basic earnings per share increased by 273.0% year-on-year, reaching approximately CNY 0.966. The board of directors declared a mid-term dividend of 59.0 Hong Kong cents per share. The performance reflects significant profit growth for the company under the backdrop of rising aluminum product prices and sales volume.
