One Chart to Understand China Hongqiao (01378) 2025 Performance: Revenue Growth of 4% YoY, Financial Structure Continues to Optimize

Zhitong Finance APP has learned that China Hongqiao (01378) recently released its 2025 annual performance report. The group showed strong performance in 2025, with revenue increasing by 4% year-on-year to 162.35 billion yuan, and net profit attributable to shareholders rising by 1.2% year-on-year to 22.64 billion yuan. The financial structure continued to optimize, with the asset-liability ratio decreasing from 48.2% to 42.2%, net debt dropping significantly by 21.7% year-on-year to 19.92 billion yuan, and long-term debt ratio increasing to 62.0%. Cash and cash equivalents grew by 14.3% year-on-year to 51.19 billion yuan.

In terms of business, electrolytic aluminum sales remained stable at over 5.8 million tons, with gross profit margin increasing by 3.9 percentage points year-on-year to 28.5%, significantly enhancing profitability; alumina sales grew by 22.7% year-on-year to 13.397 million tons, driving the segment’s revenue up by 4.0% year-on-year to 38.83 billion yuan.