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China Hongqiao Group Ltd.
(1378)
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Rating:72Outperform
Price Target:
HK$23.00
▼(-2.13% Downside)
Action:Upgraded
Date:10/15/26
The score is driven primarily by strong financial performance (profitability recovery, improving leverage, and solid recent cash generation) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technicals, with the price below key moving averages and negative MACD indicating a downtrend and subdued momentum.
Positive Factors
Vertical Integration
Coverage across upstream and midstream aluminum operations can improve supply coordination and support operating resilience. Internal alumina supply may reduce reliance on third parties, while processed products provide exposure to value-added demand beyond primary aluminum.
Negative Factors
Cyclical Top-Line Pressure
A declining revenue backdrop can limit operating leverage and make continued earnings improvement harder to sustain. Because aluminum demand and realized pricing are cyclical, weaker top-line momentum may persist through the period and increase sensitivity to market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical Integration
Coverage across upstream and midstream aluminum operations can improve supply coordination and support operating resilience. Internal alumina supply may reduce reliance on third parties, while processed products provide exposure to value-added demand beyond primary aluminum.
Read all positive factors
China Hongqiao Group Ltd. (1378) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$198.55B
Dividend Yield8.16%
Average Volume (3M)28.42M
Price to Earnings (P/E)6.1
Beta (1Y)1.51
Revenue Growth6.88%
EPS Growth7.63%
CountryHK
Employees52,698
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)2.80
Shares Outstanding9,819,397,000
10 Day Avg. Volume47,875,570
30 Day Avg. Volume28,417,163
Financial Highlights & Ratios
PEG Ratio14.53
Price to Book (P/B)2.10
Price to Sales (P/S)1.71
P/FCF Ratio9.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$34.49Price Target Upside46.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)3.46
Revenue Forecast (FY)HK$174.46B
China Hongqiao Group Ltd. Business Overview & Revenue Model
Company Description
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 ing...
How the Company Makes Money
China Hongqiao Group Ltd. makes money mainly by selling aluminum-related products across multiple stages of the aluminum value chain. Key revenue streams typically include: (1) Primary aluminum: revenue from producing electrolytic (primary) alumin...
China Hongqiao Group Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.82B | 162.35B | 156.17B | 133.62B | 131.70B | 114.49B |
| Gross Profit | 47.11B | 40.78B | 42.16B | 20.95B | 18.24B | 30.45B |
| EBITDA | 48.61B | 42.80B | 42.81B | 26.34B | 22.58B | 32.89B |
| Net Income | 27.49B | 22.64B | 22.37B | 11.46B | 8.70B | 16.07B |
Balance Sheet | ||||||
| Total Assets | 241.13B | 245.48B | 229.17B | 200.32B | 185.74B | 188.42B |
| Cash, Cash Equivalents and Short-Term Investments | 57.80B | 62.41B | 44.77B | 31.72B | 27.38B | 49.23B |
| Total Debt | 58.21B | 72.53B | 71.84B | 63.86B | 59.74B | 60.41B |
| Total Liabilities | 97.64B | 103.71B | 110.55B | 94.06B | 89.44B | 95.98B |
| Stockholders Equity | 133.08B | 132.65B | 107.80B | 92.24B | 84.50B | 81.31B |
Cash Flow | ||||||
| Free Cash Flow | 34.33B | 27.84B | 21.15B | 15.13B | -2.66B | 21.99B |
| Operating Cash Flow | 39.37B | 39.00B | 33.98B | 22.40B | 7.62B | 28.65B |
| Investing Cash Flow | -22.06B | -22.49B | -12.56B | -17.89B | -16.77B | -5.46B |
| Financing Cash Flow | -19.29B | -10.14B | -8.43B | -199.58M | -12.79B | -19.40B |
China Hongqiao Group Ltd. Technical Analysis
Negative
23.50
Price Trends
21.61
Negative
22.34
Negative
27.87
Negative
Market Momentum
-0.63
Negative
44.17
Neutral
72.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1378, the sentiment is Negative. The current price of 23.5 is above the 20-day moving average (MA) of 20.23, above the 50-day MA of 21.61, and below the 200-day MA of 27.87, indicating a bearish trend. The MACD of -0.63 indicates Negative momentum. The RSI at 44.17 is Neutral, neither overbought nor oversold. The STOCH value of 72.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1378.
China Hongqiao Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$161.20B | 7.50 | 24.20% | 6.85% | 6.65% | 46.40% | |
73 Outperform | HK$12.95B | 7.00 | 11.38% | 5.84% | -19.40% | -59.11% | |
72 Outperform | HK$198.55B | 6.13 | 20.69% | 8.16% | 6.88% | 7.63% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.06B | 3.30 | 8.48% | 10.19% | 9.79% | -24.00% | |
55 Neutral | HK$839.88M | 2.27 | 12.67% | 3.21% | 26.56% | 58.77% | |
44 Neutral | HK$118.74M | -0.91 | -19.40% | 7.14% | -64.85% | -1980.00% |
* Basic Materials Sector Average
HK:1378
China Hongqiao Group Ltd.
20.22
-7.72
-27.64%
HK:2600
Aluminum of China
7.12
-2.20
-23.64%
HK:0098
Xingfa Aluminium Holdings Ltd.
4.91
-2.31
-31.98%
HK:2078
PanAsialum Holdings Co. Ltd.
0.10
-0.03
-23.85%
HK:0505
Xingye Alloy Materials Group Limited
0.94
-0.03
-3.41%
HK:2610
Nanshan Aluminium International Holdings Limited
20.88
-21.90
-51.19%
China Hongqiao Group Ltd. Corporate Events
China Hongqiao details valuation methods in solar unit acquisition
Sep 23, 2026
China Hongqiao Group has provided additional details on its connected transaction to acquire the entire equity interest in Weiqiao Xinchuang via its indirect subsidiary Yunnan Hongqiao, clarifying that Weiqiao Xinchuang’s sole asset is Weiqi...
China Hongqiao Subsidiary Buys Weiqiao Xinchuang in Connected Deal
Sep 11, 2026
China Hongqiao Group Limited, a Hong Kong-listed Cayman company with operations in China’s industrial sector, conducts business through a network of subsidiaries including Yunnan Hongqiao and entities tied to Weiqiao Chuangye Group. Its owne...
China Hongqiao Completes Early Redemption of US$330 Million Notes
Sep 11, 2026
China Hongqiao Group Limited announced that it has completed the early redemption of its US$330 million 7.05% senior unsecured notes due 2028. The notes were redeemed in full on 11 September 2026 at 100% of principal plus the applicable premium an...
China Hongqiao Discloses Unaudited 2026 Interim Results for Key Subsidiary
Aug 28, 2026
China Hongqiao Group Limited has released, on a voluntary basis, key unaudited interim financial figures for its subsidiary Shandong Hongqiao New Material Co., Ltd. for the six months ended 30 June 2026, translated from disclosures on the Shanghai...
China Hongqiao Raises Connected-Party Procurement Caps to Meet Growing Production Needs
Aug 21, 2026
China Hongqiao Group Limited plans to revise the annual caps under its Industrial Goods Procurement Agreement, after determining that previously approved limits for electrolyte powder and carbon powder will not meet production requirements through...
China Hongqiao Delivers Strong Profit Growth in First Half of 2026
Aug 21, 2026
China Hongqiao Group Limited, a major Chinese aluminum producer listed in Hong Kong, reported strong unaudited results for the six months ended 30 June 2026, underscoring the resilience of its large-scale metals business. The company’s opera...
China Hongqiao to Fully Redeem US$330 Million Senior Notes Ahead of 2028 Maturity
Aug 10, 2026
China Hongqiao Group Limited has announced the early redemption of its US$330 million 7.05% senior unsecured notes due 2028, issued under an indenture dated 10 January 2025. The company will redeem all outstanding notes on 11 September 2026 at 100...
China Hongqiao Schedules Board Meeting to Approve 2026 Interim Results
Aug 10, 2026
China Hongqiao Group Limited has scheduled a meeting of its board of directors for 21 August 2026 in Hong Kong to review and approve the unaudited interim results for the six months ended 30 June 2026. The timing of the meeting signals the company...
China Hongqiao Subsidiary Plans RMB12 Billion A‑Share Placement for Green Energy and Aluminum Upgrades
Jul 31, 2026
China Hongqiao Group’s non‑wholly owned subsidiary Hongqiao Holdings plans a private placement of domestically listed A shares to no more than 35 institutional and qualified investors, raising up to RMB12 billion. Proceeds will fund wi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.