China Hongqiao (01378) announced its 2025 annual results, revealing a revenue increase of approximately 4.0% year-on-year to about 1.62354 trillion yuan. Gross profit decreased by about 1.6% compared to the same period last year, reaching approximately 41.505 billion yuan. Net profit attributable to shareholders rose by around 1.2% year-on-year to about 22.636 billion yuan. Basic earnings per share were 2.3842 yuan, and a final dividend of 165 Hong Kong cents per share is proposed.
The growth in revenue was primarily driven by higher sales prices for the group's aluminum alloy products, increased sales volume of alumina, and higher sales volume and prices of aluminum alloy processed products compared to the previous year. During the year, the group's sales volume of aluminum alloy products reached approximately 5.824 million tons, remaining largely stable compared to the same period last year. The average selling price of aluminum alloy products increased by about 3.8% year-on-year to approximately 18,216 yuan per ton (excluding VAT).
Sales volume of the group's alumina products amounted to approximately 13.397 million tons, an increase of about 22.7% compared to the previous year. The average selling price of alumina products decreased by approximately 15.2% year-on-year to about 2,899 yuan per ton (excluding VAT). Sales volume of deep-processed aluminum alloy products reached around 716,000 tons, essentially unchanged from the prior year, while the average selling price increased by about 3.1% to approximately 20,874 yuan per ton (excluding VAT).
Leveraging diverse application scenarios, the group is actively utilizing digital and intelligent technologies to drive comprehensive upgrades in production and management systems. Focusing on technological innovation as a core strategy, it is exploring the deep integration of "intelligent transformation" and "digital-intelligent transition," formulating precise enhancement strategies, and deepening data governance frameworks to ensure the effective implementation of these initiatives.
The group continues to deepen its focus on the aluminum industry, striving to enhance industrial efficiency and further improve its complete industrial chain—from bauxite mining and alumina production to primary aluminum smelting, deep processing of aluminum products, and recycling of recycled aluminum. It has continuously achieved breakthroughs in the construction of smart alumina plants and future-oriented electrolytic aluminum facilities. Through its "Intelligent Aluminum Large Model," the group has pioneered a new paradigm of "AI + electrolytic aluminum" for intelligent production, promoting conceptual innovation and systemic upgrades in practical scenarios to further strengthen its core competitiveness.