UB-CHQG@EC2609A

China Hongqiao's Q1 Net Profit Soars, Retains Top Aluminum Industry Profit Title

China Hongqiao Successfully Issues 1.02 Billion Yuan Zero-Coupon Convertible Bonds

Sudan Hongqiao's Q1 Revenue and Net Profit Grew by 3.4% and 30.3% Respectively

SD Hongqiao New Materials Reports Q1 2026 Net Profit Increase

China Hongqiao repurchased 11,276,000 shares at HKD 33.99 per share

China Hongqiao to Use Net Proceeds for Bauxite Procurement, Debt Refinancing, Overseas Projects and Share Repurchase

CMB Analyst Maintains Buy Rating for China 宏桥 Group, Target Price at HKD45

China Hongqiao Group Seeks to Issue $1.5 Billion Convertible Bonds

Huayuan Securities Gives ChinaHongqiao a 'Buy' Rating

Zhongguo Hongqiao Releases 2025 ESG Report with Carbon Goals

Shandong Hongqiao Aluminum reports 37.56% growth in net profit for Q1

Shenwan Hongyuan Maintains 增持 Rating for China Hongqiao

Guolian Minsheng Securities Recommends China Hongqiao Stock with Profit Forecast for 2026-2028

China Hongqiao Announces 2025 Annual Report, Net Profit Up 1.2% YoY

Guotai Junan International Maintains Buy Rating and Target Price for China Hongqiao

Citi Raises Target Price for China Hongqiao to HKD 48, Maintains Buy Rating

West China Securities: China Hongqiao's 2025 Performance Growth, Maintain 'Buy' Rating

China Hongqiao repurchased 2.439 million shares for HKD 83.7584 million

Jefferies Maintains Buy Rating and Adjusts Target Price for China Hongqiao

China Hongqiao repurchased 3.187 million shares for HKD105 million

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China Hongqiao Group Ltd. has successfully issued RMB10.2 billion (approximately US$1.47 billion) in zero-coupon convertible bonds due 2027. The proceeds will primarily be used for securing bauxite supplies, refinancing debt, funding overseas projects, supporting share repurchases, and general corporate needs. About 40% of the funds will be allocated to bauxite procurement, 30% for debt refinancing, and the rest for expansion and financial flexibility. The stock currently holds a Buy rating with a price target of HK$45.00.

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CHINAHONGQIAO

China Hongqiao Completes RMB10.2 Billion Zero-Coupon Convertible Bond Issue

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China Hongqiao Group Ltd.'s subsidiary, Shandong Hongqiao New Material Co., Ltd., released its unaudited Q1 2026 results, revealing total assets of RMB 224.4 billion and shareholders' equity of RMB 131.9 billion. The company reported a decrease in total liabilities to RMB 92.6 billion, indicating improved capital strength. However, the board advised investors to be cautious with the unaudited figures and not to rely solely on them. The stock currently has a Buy rating with a price target of HK$45.00.

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ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

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Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

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Penghua Guozheng Non-ferrous Metal Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

China Hongqiao Subsidiary Posts Unaudited Q1 2026 Results, Flags Caution for Investors

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WUXI APPTEC(02359) rose 13.57%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 45%. KB LAMINATES(01888) rose 7.35%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 170.1%. KNOWLEDGE ATLAS(02513) fell 12.52%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 588.5%. CATL(03750) fell 6.88%, with a trading turnover 9.3 Billion HKD, and a year-to-date rose 26.4%.

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Top 5 HK Stock Gainers/Losers (>100B) (4.28)

CHINA HONGQIAOannounced a proposed issuance of zero-coupon convertible bonds due 2027, with an initial principal amount of RMB10.2 billion and a conversion price of HKD43.9, reflecting a 25.3% premium over the previous closing price. The expected net proceeds of approximately USD1.469 billion will be allocated for aluminum raw material procurement, debt refinancing, overseas investments, share repurchases, and general corporate purposes. The company plans to repurchase around 11.276 million shares at HKD33.99 each as part of the offering.

AASTOCKS News

CHINA HONGQIAO  Plans Convertible Bonds at 25.3% Premium; Expects Net Proceeds of USD1.469 Billion

China Hongqiao Group Ltd. plans to raise approximately US$1.47 billion by issuing RMB10.2 billion of U.S. dollar–settled zero-coupon convertible bonds due 2027. The bonds will have an initial conversion price of HK$43.90 per share, representing a premium to recent trading prices. Proceeds will be used for bauxite procurement, debt refinancing, overseas investments, share repurchases, and general corporate purposes. The transaction is subject to conditions, and investors are advised to exercise caution. The current analyst rating for the stock is a Buy with a price target of HK$45.00.

China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds

CMB International Securities analyst Wayne Fung has maintained a Buy rating on China Hongqiao Group Ltd. with a price target of HK$45.00. The analyst has an average return of 19.0% and a 56.18% success rate on his recommendations. The overall analyst consensus for China Hongqiao Group Ltd. is a Strong Buy, with an average price target of HK$44.64.

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China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant

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MONTAGE TECH(06809) rose 13.78%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 142.5%. HUAQIN(03296) rose 10.42%, with a trading turnover 539.8 Million HKD, and a year-to-date rose 26.1%. ILUVATAR COREX(09903) fell 9.37%, with a trading turnover 595.3 Million HKD, and a year-to-date rose 186.4%. SINOTRUK(03808) fell 5.97%, with a trading turnover 764.7 Million HKD, and a year-to-date rose 44.8%.

- The Hang Seng Index fell by 0.2%, with a year-to-date increase of 1.2%, while the Hang Seng Tech Index rose by 0.77%, accumulating a decline of 10.4% this year.  
- Langqi Technology (06809) saw a significant rise of 13.78%, with a turnover of HKD 1.37 billion, marking a year-to-date increase of 142.5%.  
- Conversely, Tianshu Zhixin (09903) decreased by 9.37%, with HKD 600 million in turnover, while China National Heavy Duty Truck Group (03808) dropped by 5.97%, with a year-to-date rise of 44.8%.

UB-CHQG@EC2609A(28197.HK)

China Hongqiao Completes RMB10.2 Billion Zero-Coupon Convertible Bond Issue

China Hongqiao Subsidiary Posts Unaudited Q1 2026 Results, Flags Caution for Investors

Top 5 HK Stock Gainers/Losers (>100B) (4.28)

CHINA HONGQIAO Plans Convertible Bonds at 25.3% Premium; Expects Net Proceeds of USD1.469 Billion

China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds

China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant

Top 5 HK Stock Gainers/Losers (>100B) (4.27)