智通财经APP获悉，中国宏桥(01378)早盘涨超4%，截至发稿，涨4.01%，报37.86港元，成交额2.36亿港元。
广发证券发布研报称，电解铝需求改善的背景下，供给的强约束将更加突出，铝价上行弹性不可忽视。截至2025年3月末，中国宏桥具有电解铝产能645.9万吨，产销持稳，成本下降，我们预计2026年铝价上涨将带来公司核心的利润弹性。
该行表示，数据显示，2022-2024年公司年度现金分红比例分别为49%、48%、64%。按照2.3万元含税铝价假设，2026年公司归母净利润可达327.4亿元，假设分红延续64%，按2月9日市值计算，股息率达6.7%。期待高分红比例延续。
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