港股异动 | 中国宏桥(01378)涨幅扩大逾8% 中东铝复产预期有所减弱 公司盈利动能按季加速

智通财经
Jul 14

智通财经APP获悉,中国宏桥(01378)涨幅扩大逾8%,截至发稿,涨8.1%,报23.2港元,成交额19.18亿港元。

消息面上,近日,中东局势再生突变,美伊冲突持续。国信期货认为,地缘风险再度升级,市场避险情绪升级,权益市场大幅下挫,美元走强,给有色板块带来压制,而同时,铝则因地缘风险溢价部分回归带来的利多,展现出一定的抗跌性。混沌天成期货表示,考虑到霍尔木兹海峡有望重新封锁,中东铝复产预期有所减弱,铝价稍显支撑,仍需观察地缘后续走向,如持续封锁(通航过一段时间,想要重新交易减产预期要看到热战升级打击铝厂或者封锁时间够长去交易原料短缺),铝价或有上行驱动。

业绩端,中国宏桥近日发盈喜,美银证券指出,2026上半年公司净利润料按年增长约39%,主要受铝合金平均售价上升带动。按2025上半年净利润约135亿元人民币(下同)计算,本次指引意味2026上半年净利润约188亿元。假设归母净利润维持相似的按年增速,估计2026上半年归母净利润约为172亿元,与该行预期大致一致。基于该行估计的2026年第一季度归母净利润77亿至80亿元,隐含第二季度归母净利润为92亿至95亿元,按季增长约20%,显示盈利动能按季加速。

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