China Hongqiao Group expects its net profit for the first half of 2026 to increase by approximately 39 per cent compared with the same period last year, according to a filing with the Hong Kong Stock Exchange. The company said the anticipated earnings growth is primarily driven by higher selling...
中文翻译附于新闻末尾，敬请继续阅读。 China Hongqiao Group is looking to raise the annual limits on a bauxite supply deal involving its subsidiary, Well Harvest Winning. The company said the current limits may not be enough for its expected needs over the coming years. The supply agreement runs until 2033 and is with...
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China Hongqiao Group. Ltd., the world’s biggest maker of aluminium, will raise nearly half a billion dollars from a rights offer underwritten by its founder, highlighting the difficulties of producers amid five-year-low commodities prices. The company’s shares fell in Hong Kong. The Shandong...
Aluminium producer China Hongqiao Group said on Thursday, it will cut annual capacity by 250,000 tonnes immediately, the latest smelter to pledge to curb supplies as the loss making industry combats record low local prices. The output cut, representing 6 percent of the company's total capacity,...
The price of aluminium may be trading at its lowest in six years, but China Hongqiao, which has grown to become one of the world's largest producers of the metal, reported a healthy jump in first-half profits on Friday last week. China Hongqiao said that net profit rose 33 per cent to 2.72b RMB...
China Hongqiao Group began its first shipment of 180,000 tonnes of bauxite from the Port of Boke, Guinea on July 20. China Hongqiao Group, together with other companies, established Boke Mining Company and started port project at the Port of Boke to develop bauxite in Guinea. They have built two...
China Hongqiao Group, which is poised to surpass Russia's Rusal as the world's biggest aluminium producer, plans to spend 10 billion yuan on building power plants and expanding smelting capacity in China and on projects in Indonesia and Guinea. The Shandong firm aimed to raise its output by 22.5...
Rusal has expressed its intention of cooperating with China Hongqiao Group over aluminum processing business during its recent visit to the company, China Hongqiao said in its website. China Hongqiao, a large aluminum product manufacturer, is working hard to transform and upgrade its business model...
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
China Hongqiao Group, one of the mainland’s largest aluminium producers, has announced a 1.9 billion yuan acquisition that would expand its production capacity by around 21 per cent and allow it to generate more of its own power. The Shandong province-based and main-board listed firm said it had...
One of China’s largest aluminium producers, China Hongqiao Group resorted to selling off some of their stocks raising $220 million to pay off some debts and buy some upstream assets. On Thursday, 4th September, the Shandong province based company sold its shares at a rate of HK$6.19 per share which...
China Hongqiao Group Limited filed its interim report for the first half of 2014 at the Hong Kong Exchanges and Clearing Limited, reporting 27.5% YOY fall in net profits to 2.04 billion yuan ($0.33 billion) due to falling price of aluminium products. The prime cause behind this decline in net...
China Hongqiao Group Ltd , the country's second-largest aluminium producer, has secured sufficient bauxite to replace supplies from Indonesia, which imposed a ban on exporting unprocessed mineral in January. China in January imported 6.1 million tonnes of bauxite from Indonesia, which halted ore...
China Hongqiao Group Ltd, the largest non-state producer of aluminium of the nation, has agreed to buy an African company developing bauxite deposits for approximately $120 million. Winning Logistics (Africa) Co. and Hongqiao signed an agreement to buy a not so popular company developing a mine in...
China Hongqiao Group Ltd. (1378), the nation’s largest non-state aluminum producer, is in talks to buy a bauxite mine in Africa to secure raw material. “We are looking to lock up resources in Africa and may make some concrete progress over the next six months,” Christine Wong, head of corporate...
China Hongqiao Group Limited, a major aluminum producer expects the total production of the company to rise by about 20% in 2014 even if there is a possibility of smaller producers facing closure due to overcapacity. The chief executive officer of China Hongqiao, Zhang Bo, said smaller firms are...
Shandong Hongqiao New Material Co. issued a total of 1.2 billion yuan ($196 mn) for financing two fabrication projects and supplementing the working capital, as reported by China Economic Herald. The company raised their funds by issuing a 7-year corporate bond with a sum of 1.1 bilion yuan . This...
Leading aluminium producer China Hongqiao Group Ltd. is negotiating with Indonesian government to allow it export bauxite with tax exemptions. Hongqiao Group, which hopes to export 10-12 million tons of bauxite from Indonesia over the next 5-8 years, has commenced negotiation with the Indonesian...
The mainland's overcapacity-afflicted aluminium smelting industry could soon see a widespread shutdown of uncompetitive plants partly because of more cost-competitive imports, according to the chief of the country's third-largest smelter. "The second phase of industry rationalisation is already...
China’s third largest smelter, Hongqiao, has announced a 1.1% drop in year-on-year net profits to HK$3.53 billion. Chief executive Zhang Bo says that China’s second phase of rationalization has begun and argues that the indigenous aluminium industry is now facing stiff competition from imports,...
