trending Market Intelligence /marketintelligence/en/news-insights/trending/NnbqMCmJpFSpV_C1UeOazQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

China Hongqiao FY'18 profit rises as impairment losses narrow YOY

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December


China Hongqiao FY'18 profit rises as impairment losses narrow YOY

Aluminum giant China Hongqiao Group Ltd. reported a 5.4% yearly increase in net profit attributable to shareholders for 2018 to about 5.41 billion Chinese yuan, mainly due to a significant fall in impairment losses.

The company restated its 2017 results to include the results of Chongqing Weiqiao.

EPS fell to 59.36 Chinese fen, from 69.52 fen a year ago. Revenue fell 7.9% to about 90.19 billion yuan largely due to lower output and sales volumes of aluminum alloy products as the company closed some production lines.

During the year, the company's aluminum product sales fell 18% to about 5.87 million tonnes, aluminum fabrication products sales rose 31.1% to 493,000 tonnes, and alumina products sales jumped 117.9% to 4.09 million tonnes.

The company said March 22 that the increase in alumina sales was mainly from shutting down the aluminum alloy production lines, which led to a corresponding increase in alumina available for sale, leading the company to expand its position in the domestic market.

China Hongqiao proposed a final dividend of 24 Hong Kong cents, a 20% rise from the 2017 payout.

In February, China Hongqiao was reportedly slowly restarting production from some of its smelting units after some government-ordered output cuts expired.