On March 20, 2026, China Hongqiao announced its audited annual results for the year ended December 31, 2025. During the reporting period, the Group recorded revenue of approximately 162.354 billion yuan, up 4.0% YoY; net profit attributable to shareholders of the Company was approximately 22.636 billion yuan, up 1.2% YoY; basic earnings per share were 2.3842 yuan, up 1.0% YoY.

China Hongqiao issued an announcement stating that Hongchuang Holdings plans to issue new shares to the existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electricity) to purchase the target shares held by them and related transaction documents. On December 31, 2025, Hongchuang Holdings received the "Approval of the Registration of Shandong Hongchuang Aluminum Holding Co., Ltd.'s Issuance of Shares to Purchase Assets" (CSRC Approval No. [2025] 2970) issued by the China Securities Regulatory Commission. The main content of the approval document is to approve Hongchuang Holdings' registration application for issuing shares to nine counterparties, including Weiqiao Aluminum & Electricity, to purchase related assets. Upon receiving the aforementioned approval, on the same day, 100% of the equity of Hongtuo Industrial was transferred and registered under the name of Hongchuang Holdings, and the transfer of the target assets of this transaction has been completed, making Hongtuo Industrial a wholly-owned subsidiary of Hongchuang Holdings. Hongchuang Holdings will, in accordance with the requirements of the aforementioned approval documents and relevant laws and regulations, and the authorization of the Hongchuang Holdings shareholders' meeting, handle other matters related to this transaction within the prescribed period, including but not limited to the registration and listing procedures related to the newly issued shares of Hongchuang Holdings.

The leading aluminum industry chain company Innovation Aluminum (02778.HK) listed strongly on the Hong Kong Stock Exchange this week, with a stunning debut performance: its opening price surged to HK$15.20 per share, up approximately 38.3% from the IPO price of HK$10.99, and later the gain soared above 40%, instantly releasing a strong market signal. Such a robust first-day performance reflected the market's high recognition of its entire industry chain strength and future strategic layout, as well as capital's deep bet on the company's future growth momentum. Looking back at the IPO, Innovation Aluminum's international placement was oversubscribed by over 40 times, with numerous global institutions rushing to participate, making it extremely impressive. The company also successfully introduced 17 heavyweight cornerstone investors, including Hillhouse, China Hongqiao, Taikang Life Insurance, and Greenwoods, with cumulative subscription amounts reaching about $351 million, demonstrating investors' strong endorsement of its long-term growth logic.

Wang Yuting, head of corporate finance at China Hongqiao, said at a press conference on China Hongqiao's 2025 interim results that this round of expansion of US tariffs has basically no impact on China Hongqiao; she is "very optimistic" about aluminum prices in the second half of 2025, predicting that aluminum prices will be between 20,600 yuan and 21,300 yuan; coal price fluctuations have little impact on the company; Hongqiao has good control over the costs of thermal power and green power, and is confident in cost control in the second half of the year.

On August 15, China Hongqiao released its interim results report on the Hong Kong Stock Exchange. Its revenue in the first half of the year was approximately 81.039 billion yuan, a year-on-year increase of 10.1%; its net profit was approximately 12.361 billion yuan, a year-on-year increase of approximately 35%.

The 2025 Fortune China 500 list was released on the 22nd. The total operating revenue of the 500 listed Chinese companies in 2024 reached $14.2 trillion, a decrease of approximately 2.7% compared to the previous year's listed companies. Net profit reached $756.4 billion, an increase of approximately 7% compared to the previous year. The annual revenue threshold for listed companies this year was approximately $36.2 billion, a decrease of approximately 3% compared to last year's threshold. Calculated in US dollars, China's total GDP in 2024 reached $18.75 trillion, and the combined revenue of the 500 companies on this year's list accounted for approximately three-quarters of China's GDP for that year. From an industry perspective, against the backdrop of persistently high commodity prices, the industry with the highest number of listed companies this year was the metal products industry, with a total of 55 companies listed. The total revenue of listed companies in this industry reached $1.27 trillion. There were 29 listed companies in the non-ferrous metals industry. There were 9 aluminum-related enterprises listed, namely Chalco, China Hongqiao Group, Qiya Group, Chuangxin New Materials, Henan Shenhuo, Nanshan Aluminum, Mingtai Aluminum, Tianshan Aluminum, and Lizhong Group. The total revenue of listed companies exceeded $137.2 billion. From a regional perspective, there were 4 listed companies from Henan's non-ferrous metals industry this year.