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China Hongqiao Group Limited logo

China Hongqiao Group Limited

1378.HK

HKSEBasic MaterialsAluminum

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Latest quote

HK$23.90

+HK$0.72 · +3.11%

Aug 24, 4:08 PM HKT

1378.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Hongqiao Group Limited, an investment holding entity, primarily manufactures and distributes aluminum products across the People's Republic of China and Indonesia. Its diverse product range includes molten aluminum alloys, aluminum alloy ingots, aluminum busbars, general aluminum alloy processing, and various alumina products. Beyond its core aluminum operations, the group has diversified its activities to encompass the research, development, production, and sale of bauxite, along with electricity generation and supply, and port management. It also engages in the trading of carbons, iron ores, and light alloy materials, undertakes railway design and construction projects, and provides financial leasing and business advisory services. Established in 1994, the company is headquartered in Zouping, PRC, and functions as a subsidiary of China Hongqiao Holdings Limited.

Industry
Aluminum
Sector
Basic Materials
Headquarters
CN
CEO
Bo Zhang
Listed since
Mar 24, 2011
Employees
51,234

Market position

Day range

Current HK$23.90

52-week range

Current HK$23.90

Open
HK$23.30
Previous close
HK$23.18
Volume
41.39M
0.86× average
Average volume
48.04M
Average daily volume
Market cap
234.68B HKD
Beta
0.92
Market reference 1
50-day average
HK$22.834
+4.67% above average
200-day average
HK$31.3383
-23.74% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
296.16B CNY
P/E (TTM)
7.38×
P/B (TTM)
1.53×
P/S (TTM)
1.2×
EV / EBITDA
6.97×
Earnings yield
8.14%
Free cash flow yield
10.01%
Dividend yield
6.90%

Profitability & efficiency

Gross margin
28.19%
Operating margin
24.35%
Net margin
16.26%
Return on equity
17.06%
Return on assets
9.22%
Return on invested capital
11.76%

Financial health

Debt / equity
0.44×
Current ratio
2.12×
Altman Z-score
3.99
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%21%13%5%Gross margin, FY2021: 26.60%Gross margin, FY2022: 13.85%Gross margin, FY2023: 15.68%Gross margin, FY2024: 27.00%Gross margin, FY2025: 25.12%Operating margin, FY2021: 20.33%Operating margin, FY2022: 8.08%Operating margin, FY2023: 10.57%Operating margin, FY2024: 24.30%Operating margin, FY2025: 21.65%Net margin, FY2021: 14.04%Net margin, FY2022: 6.61%Net margin, FY2023: 8.58%Net margin, FY2024: 14.33%Net margin, FY2025: 13.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.60%. Gross margin FY2022 13.85%. Gross margin FY2023 15.68%. Gross margin FY2024 27.00%. Gross margin FY2025 25.12%. Operating margin FY2021 20.33%. Operating margin FY2022 8.08%. Operating margin FY2023 10.57%. Operating margin FY2024 24.30%. Operating margin FY2025 21.65%. Net margin FY2021 14.04%. Net margin FY2022 6.61%. Net margin FY2023 8.58%. Net margin FY2024 14.33%. Net margin FY2025 13.94%.

Income trends

Revenue

162.35B CNY+3.96%

Operating income

35.15B CNY-7.39%

Net income

22.64B CNY+1.18%
Income trends across reported periods177.72B CNY116.26B CNY54.8B CNY−6.66B CNYRevenue, FY2021: 114.49B CNYRevenue, FY2022: 131.7B CNYRevenue, FY2023: 133.62B CNYRevenue, FY2024: 156.17B CNYRevenue, FY2025: 162.35B CNYOperating income, FY2021: 23.28B CNYOperating income, FY2022: 10.64B CNYOperating income, FY2023: 14.12B CNYOperating income, FY2024: 37.95B CNYOperating income, FY2025: 35.15B CNYNet income, FY2021: 16.07B CNYNet income, FY2022: 8.7B CNYNet income, FY2023: 11.46B CNYNet income, FY2024: 22.37B CNYNet income, FY2025: 22.64B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 114.49B CNY. Revenue FY2022 131.7B CNY. Revenue FY2023 133.62B CNY. Revenue FY2024 156.17B CNY. Revenue FY2025 162.35B CNY. Operating income FY2021 23.28B CNY. Operating income FY2022 10.64B CNY. Operating income FY2023 14.12B CNY. Operating income FY2024 37.95B CNY. Operating income FY2025 35.15B CNY. Net income FY2021 16.07B CNY. Net income FY2022 8.7B CNY. Net income FY2023 11.46B CNY. Net income FY2024 22.37B CNY. Net income FY2025 22.64B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue162.35B CNY156.17B CNY133.62B CNY131.7B CNY114.49B CNY
Cost of goods sold121.57B CNY114.01B CNY112.67B CNY113.46B CNY84.04B CNY
Gross profit40.78B CNY42.16B CNY20.95B CNY18.24B CNY30.45B CNY
Research and development612.39M CNY1.15B CNY1.01B CNY986.16M CNY850.7M CNY
Selling, general, and administrative5.02B CNY5.65B CNY5.71B CNY6.53B CNY6.23B CNY
Operating expenses5.63B CNY4.21B CNY6.71B CNY3.54B CNY4.12B CNY
Interest income1.28B CNY1.1B CNY869.82M CNY558.18M CNY547.99M CNY
Interest expense3.48B CNY3.36B CNY3.27B CNY3.02B CNY3.63B CNY
Depreciation and amortization6.71B CNY6.96B CNY7.19B CNY6.95B CNY6.71B CNY
Operating income35.15B CNY37.95B CNY14.12B CNY10.64B CNY23.28B CNY
Net income22.64B CNY22.37B CNY11.46B CNY8.7B CNY16.07B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-8.25%
11 comparable reports
Latest EPS result
2
Estimate 2.29 · Miss by 12.66%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.461.70.940.17Q2 '23BeatQ4 '23BeatQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26MissQ3 '26MissQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 0.28, estimate 0.205, surprise +36.58%, Beat. Q4 2023, reported Dec 31, 2023: actual 0.984, estimate 0.748, surprise +31.55%, Beat. Q3 2024, reported Aug 16, 2024: actual 1.04, estimate 1.01, surprise +2.97%, Beat. Q1 2025, reported Mar 13, 2025: actual 1.48, estimate 1.38, surprise +7.25%, Beat. Q3 2025, reported Aug 15, 2025: actual 1.44, estimate 1.33, surprise +8.27%, Beat. Q1 2026, reported Mar 20, 2026: actual 1.21, estimate 1.81, surprise -33.15%, Miss. Q3 2026, reported Aug 21, 2026: actual 2, estimate 2.29, surprise -12.66%, Miss. Q1 2027, reported Mar 19, 2027: actual —, estimate 2.07, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates109.53B92.7B75.87B59.04BQ2 '23BeatQ4 '23BeatQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26MissQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 71.09B HKD, estimate 63.26B HKD, surprise +12.38%, Beat. Q4 2023, reported Dec 31, 2023: actual 75.14B HKD, estimate 71.27B HKD, surprise +5.44%, Beat. Q3 2024, reported Aug 16, 2024: actual 79.03B HKD, estimate 78.08B HKD, surprise +1.22%, Beat. Q1 2025, reported Mar 13, 2025: actual 87.84B HKD, estimate 84.06B HKD, surprise +4.50%, Beat. Q3 2025, reported Aug 15, 2025: actual 88.66B HKD, estimate 85.48B HKD, surprise +3.72%, Beat. Q1 2026, reported Mar 20, 2026: actual 91.03B HKD, estimate 88.85B HKD, surprise +2.45%, Beat. Q3 2026, reported Aug 21, 2026: actual 100.99B HKD, estimate 105.32B HKD, surprise -4.11%, Miss. Q1 2027, reported Mar 19, 2027: actual —, estimate 99.85B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.88

2024 complete year+79.6% since 2020

2026 partial: HK$1.65

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 22, 2026

HK$1.65

Semi-Annual

Record May 26, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend May 21, 2025

HK$1.02

Semi-Annual

Record May 22, 2025 · Payment Jun 13, 2025

Dividend

Ex-dividend Nov 14, 2024

HK$0.59

Semi-Annual

Record Nov 15, 2024 · Payment Dec 6, 2024

Dividend

Ex-dividend May 22, 2024

HK$0.29

Semi-Annual

Record May 23, 2024 · Payment Jun 14, 2024

Dividend

Ex-dividend Nov 16, 2023

HK$0.34

Special

Record Nov 17, 2023 · Payment Dec 8, 2023

Dividend

Ex-dividend May 23, 2023

HK$0.10

Semi-Annual

Record May 24, 2023 · Payment Jun 16, 2023

1378.HK peers

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ETFs holding 1378.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
151.38M
Weight
0.02%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.225-0.55%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
144.62M
Weight
0.09%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$59.975-0.79%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
105.78M
Weight
0.07%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$80.58-1.21%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
56.69M
Weight
0.21%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$93.155-1.15%
iShares China Large-Cap ETF logoiShares China Large-Cap ETFFXI
Market value
33.5M
Weight
0.78%
AUM
4.27B USD
Expense ratio
0.73%
Price / 1D
$35.55-0.86%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
24.59M
Weight
0.03%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.215-0.55%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
24.13M
Weight
0.08%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$66.155-1.44%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
23.25M
Weight
0.37%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$54.915-1.34%

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