China Hongqiao Group Limited (1378) has released a voluntary announcement regarding the 2025 annual results forecast of its indirect subsidiary, Shandong Hongqiao Aluminum Industry Holding Company Limited (Hongqiao Holdings, 002379.SZ). According to the forecast, net profit attributable to shareholders of Hongqiao Holdings is anticipated to range between RMB17 billion and RMB20 billion, while basic earnings per share is projected at approximately RMB1.3046 to RMB1.5348.

During the reporting period, Hongqiao Holdings acquired the entire equity interest in Shandong Hongtuo Industrial Company Limited through a share issuance. Since both parties share the same ultimate controlling entity, this transaction constitutes a business combination under common control. As a result, retrospective adjustments were made to the corresponding financial data from last year, with the adjusted figures remaining unaudited. The newly formed subsidiary contributed around RMB18 billion to RMB21 billion in net profit from the beginning of the period to the date of combination, recorded as non-recurring gains and losses.

Hongqiao Holdings also reported a net loss of approximately RMB3 billion to RMB4.1 billion after excluding non-recurring items. The board of directors of China Hongqiao Group Limited cautioned that the forecast is based on preliminary figures compiled by Hongqiao Holdings’ finance department and has yet to be audited. Final financial data will be disclosed in Hongqiao Holdings’ 2025 annual report. The announcement advises investors to exercise caution when dealing in the company’s shares.