HU-CHQG@EC2606A(20534.HK)

CHINAHONGQIAO's subsidiary Hongqiao Holdings forecasts a profit of 17 billion to 20 billion RMB last year

China Hongqiao's subsidiary Hongqiao Holdings forecasts that its profit for the fiscal year 2025 is expected to be between RMB 17 billion and RMB 20 billion, a change from the previous year's RMB 17.2 billion. After deducting non-recurring gains and losses, the expected net loss is between RMB 300 million and RMB 410 million, while the adjusted loss for the previous year was RMB 86.26 million. During this period, Hongqiao Holdings acquired 100% equity of Hongtuo Industrial through the issuance of shares, resulting in a non-recurring gain or loss of approximately RMB 18 billion to RMB 21 billion

Hongqiao Holdings Acquires 100% Stake in Shandong Hongtuo Industrial

China Hongqiao Group Ltd.’s subsidiary, Hongqiao Holdings, has acquired 100% of Shandong Hongtuo Industrial through a share issuance. The acquisition will be reflected in Hongqiao Holdings' consolidated financial statements after the asset transfer and registration procedures are completed on December 31, 2025. Both companies are under the same ultimate control, and the transaction is classified as a business combination under common control according to accounting standards.

The Hang Seng Index's intraday increase expanded to 2%, and the Hang Seng Technology Index rose by 1.4%. CNOOC and CHINAHONGQIAO both increased by over 5%, while SINOPEC CORP, CHINA TELECOM, and CHINA UNICOM rose by over 4%

According to the All-Day Express, the Hang Seng Index rose by 361 points; the Hang Seng TECH Index rose by 28 points. China Life rose by over 5%. China Life, AIA, HSBC, China Hongqiao, and WH Group reached new highs with active trading

The Hang Seng Index closed at 27,126 points, up 361 points or 1.4%. The Hang Seng TECH Index reported 5,754 points, up 28 points or 0.5%. The total market turnover was HKD 254.373 billion. China Life, AIA, HSBC, CHINAHONGQIAO, and WH GROUP all reached new highs with active trading. Among the active blue-chip stocks, Alibaba rose 2.8%, Ping An rose 2.3%, and Tencent rose 1.3%. Among small and medium-sized stocks, ZONQING LTD rose 21.3%

The Half-Day Report: The Hang Seng Index rose 290 points; the Hang Seng Tech Index rose 11 points. HANG LUNG PPT fell over 4%. ZIJIN MINING, HSBC, CHINAHONGQIAO, WH GROUP, and CLP HOLDINGS hit new highs

The Hang Seng Index closed at 27,055 points, up 290 points or 1.1%. The Hang Seng Tech Index reported 5,737 points, up 11 points or 0.2%. The China Enterprises Index rose 78 points or 0.9%, closing at 9,226 points. Among the active heavyweights, Alibaba rose 2.2%, Ping An rose 1.9%, and Tencent rose 1.1%; Hang Lung Properties fell 4.4%, Zijin Mining hit a new high, rising 4.1%. HSBC, China Hongqiao, WH Group, and CLP Holdings all reached new highs