On August 24, CHINAHONGQIAO rose 3.28% in regular trading, trading at HKD 23.96/share, with turnover of HKD 488 million.

The rally comes on the back of robust first-half results released on August 21. The company reported attributable net profit of approximately RMB 17.21 billion for H1, representing a 39.2% year-over-year increase. Revenue reached RMB 87.5 billion, up 8.0%, while gross margin expanded significantly from 25.7% to 31.5%. Deep-processed aluminum alloy product sales volume reached approximately 444,000 tons, up 23.2% year-over-year, with average selling price rising 13.4% to RMB 23,436/ton.

The broader aluminum sector strengthened in tandem, with CHALCO up 2.02% and Chuangxin Industrial up 2.85%. Supply-side support persists as Hydro's Alunorte refinery in Brazil has cut output to 50% of capacity due to natural gas supply disruptions, reinforcing the medium-term aluminum price uptrend narrative. Deutsche Bank recently resumed coverage with a Buy rating and HKD 33 target price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)