share_log

中国宏桥(01378.HK)中期股东应占净利润增加约272.7%至约91.55亿元 中期息59.0港仙

During the mid-term, the net income attributable to shareholders of chinahongqiao (01378.HK) increased by approximately 272.7% to approximately 9.155 billion yuan, with an interim dividend of 59.0 Hong Kong cents.

Gelonghui Finance ·  Aug 16 08:52

China Hongqiao (01378.HK) announced that in the six months ending on June 30, 2024, the company's revenue increased by approximately 12.0% compared to the same period last year, about RMB 73.592 billion; the net income attributable to shareholders of the company increased by approximately 272.7% compared to the same period last year, about RMB 9.154 billion; the basic earnings per share increased by approximately 273.0% compared to the same period last year, about RMB 0.966; the board of directors declared a mid-year dividend of HKD 0.59 per share (HKD 0.34 per share for the same period last year).

During the period, the group not only benefited from the rapid upward trend of aluminum prices due to restricted supply and improved macroeconomic environment, but also maintained higher profit margins under the circumstance of a significant increase in alumina prices and overall industry costs. In addition, the group continuously improved its upstream alumina business, ensured its own cost stability, effectively extended the industry chain, and successfully increased the profits of alumina, creating important value for the group's business growth.

During the period, the group produced approximately 3.221 million tons of aluminum alloy products, an increase of approximately 5.3% compared to the same period last year. The production of aluminum processing products was approximately 0.493 million tons, an increase of approximately 30.6% compared to the same period last year.

The group firmly believes that promoting high-quality development is the key to effectively solving a series of problems in development, and shaping new production forces is both an inherent requirement and an important focus for promoting high-quality development. China Hongqiao will continue to uphold the enterprise core values of "Starting business for the country, benefiting the people", take the green low-carbon and technological innovation as the two main drivers, proactively serve and integrate into the new development pattern, comprehensively and firmly implement the new development concept, steadily promote diversified development strategies, promote the deep integration of industry chain, innovation chain and talent chain, play a more active leading role in driving local economic development and industrial synergy, further assist the entire industry in transformation towards a "new" and "green" direction, and contribute more strength to the harmonious coexistence of the global economy and ecology, and the creation of a better life.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment