再加上上半年中国宏桥净利润近92亿元人民币，中国宏桥前三个季度净利润总额已达150亿元人民币，占花旗对其全年利润预测的75%。花旗预计，由于印尼氧化铝业务的贡献，中国宏桥第三季度实现净利润应高于58亿元人民币。花旗认为氧化铝价格将保持强劲，鉴于外部氧化铝销售量，预计中国宏桥将从氧化铝价格上涨中受益。Citigroup released a research report, maintaining a 'buy' rating on chinahongqiao with a target price of HK$14.80.
According to Zhitong Finance, after China Hongqiao (01378) announced the latest performance of its subsidiary Shandong Hongqiao, Citigroup released a research report, maintaining a 'buy' rating on chinahongqiao with a target price of HK$14.80.
On October 30, China Hongqiao announced the financial performance of its major subsidiary Shandong Hongqiao for the first three quarters of 2024. Shandong Hongqiao's net income for the first three quarters was 15.8 billionllion RMB, a 141% year-on-year increase; net income for the third quarter was 5.9 billion RMB, a 37% year-on-year increase and an 8% increase from the previous quarter. Considering that Hongqiao holds 98.56% of Shandong Hongqiao's equity, Citigroup estimates that the net income attributable to Hongqiao for the third quarter is 5.8 billion RMB.
In addition to China Hongqiao's net income of nearly 9.2 billion RMB in the first half of the year, the total net income for the first three quarters of China Hongqiao has reached 15 billion RMB, accounting for 75% of Citigroup's full-year profit forecast. Citigroup estimates that China Hongqiao's net income for the third quarter should exceed 5.8 billion RMB due to the contribution of the Indonesian alumina business. Citigroup believes that alumina prices will remain strong, and given the external alumina sales volume, it is expected that China Hongqiao will benefit from the rise in alumina prices.
