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Hong Kong Market Update | Aluminum stocks rise, with Aluminum Corporation of China up 4.66% and China Hongqiao Group up nearly 3%
Gelonghui, July 14 | Hong Kong-listed aluminum stocks rallied, with Chuangxin Industrial rising 7.7%, Aluminum Corporation of China (Chalco) up 4.66%, China Hongqiao gaining nearly 3%, and Xingfa Aluminum increasing by nearly 1%. On the news front, in the first half of this year, amid persistently high electrolytic aluminum prices and declining alumina costs, the aluminum industry has seen sustained improvement in its operating conditions. Multiple listed aluminum producers have released preliminary earnings forecasts for the first half of the year, indicating a substantial across-the-board increase in profitability. Companies such as Tianshan Aluminum, Shenhuo Co., Ltd., Zhongfu Industrial, and Jiaozuo Wanfang reported year-on-year profit growth exceeding 100%. Meanwhile, listed aluminum firms are actively expanding into the high-value-added aluminum foil segment.
At a Glance: Mid-Year Earnings Previews Show 258 Companies Forecasting Year-on-Year Growth, with Firms Across Multiple Hot-Sector Industries All Projecting Increases
① As of July 11, more than 340 listed companies have released their interim earnings guidance, of which 258 reported year-on-year growth in net profit and 83 reported a year-on-year decline; ② By sector, the top-performing industries include industrial metals, chemical products, batteries, refining and trading, chemical raw materials, securities, semiconductors, and pharmaceutical chemicals.
Jiaozuo Wanfang: Jiaozuo Wanfang Aluminum Co., Ltd. 2026 Semi-Annual Performance Forecast
Jiaozuo Wanfang (000612.SZ) issued a profit pre-announcement, forecasting attributable net profit for the first half of the year to be between RMB 1.17 billion and RMB 1.27 billion, an increase of 118% to 137% year-over-year.
Jiaozuo Wanfang (000612.SZ) disclosed its unaudited financial results forecast for the first half of 2026, expecting net profit attributable to shareholders of the listed company to range between RMB 1.17 billion and RMB 1.27 billion, representing an increase of 118.35% to 137.01% year-on-year. Net profit after deducting non-recurring gains and losses is projected to be between RMB 1.158 billion and RMB 1.258 billion, up 116.93% to 135.66% year-on-year.
Guosen Securities: Alumina capacity will remain in persistent oversupply; not bearish on aluminum prices over the long term.
Although supply growth is relatively high in 2027, over a longer time horizon there is no significant supply pressure, and the bank remains optimistic on aluminum prices.
Express News | The non-ferrous metals sector continued to rise, with more than ten constituent stocks hitting their daily trading limits.