China Hongqiao (01378) has released an announcement forecasting a significant rise in its net profit for the first half of the year.

Based on the group's unaudited management accounts for the period from January to June 2026, the net profit attributable to shareholders for the six months ended June 30, 2026, is anticipated to increase by approximately 39% compared to the same period in 2025.

This projected growth is primarily attributed to an increase in the average selling price of the group's aluminum alloy products year-on-year.