Shandong Hongqiao, a Subsidiary of China Hongqiao Group, Reports 2025 Interim Financial Results

Reuters
Aug 29
Shandong Hongqiao, a Subsidiary of <a href="https://laohu8.com/S/CHHQF">China Hongqiao</a> Group, Reports 2025 Interim Financial Results

China Hongqiao Group Ltd. has released the 2025 interim financial information for its subsidiary, Shandong Hongqiao New Material Co., Ltd. The unaudited consolidated balance sheet and income statement for the first half of 2025 were disclosed on the Shanghai Stock Exchange's website. Shandong Hongqiao reported an operating income of RMB 78.2 billion, with operating costs amounting to RMB 59 billion. The company also recorded taxes and surcharges of RMB 668.3 million and administrative expenses of RMB 1.35 billion. The financial results, prepared based on the generally accepted accounting principles of the PRC, show a snapshot of Shandong Hongqiao's performance, though they have not been audited. Investors are advised to exercise caution when dealing in the shares of the parent company, China Hongqiao Group Ltd.

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