China Hongqiao Group Ltd. · HKEX:1378
China Hongqiao — FY2024 Earnings Presentation
21 slides from China Hongqiao's earnings presentation, March 2025
Slide 1: 2024 Annual Results
(HKEx Stock Code:1378) 2024 Annual Results March 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by China Hongqiao Group Limited (abbreviated as “China Hongqiao” or the “Company”) for the sole purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy any class of s
Slide 3: Agenda
AGENDA Industry Operational Overview Highlights Financial Future Summary Strategy
Slide 4: 2024 Global Supply and Demand of Primary Aluminum
2024 Global Supply and Demand of Primary Aluminum ‘0000 tonnes/year 8000 GLOBAL PRODUCTION AND CONSUMPTION OF PRIMARY ALUMINUM ≈43,460,000 tonnes 4.3% China's production volume YOY 7000 of primary aluminum ≈45,180,000 tonnes 5.5% 6000 5000 China's consumption volume YOY of primary aluminum 4000 3000
Slide 5: 2024 Aluminum Price Trends
2024 Aluminum Price Trends Aluminum Price Trend of LME and SHFE ≈ 2,418.9 USD/tonne 7.5% Monthly average spot YOY prices of LME ≈ 2,457.5 USD/tonne 7.4% Average prices of LME YOY 3-month aluminum futures ≈ 19,958.7 RMB/tonne 6.7% Monthly average spot YOY prices of SHFE ≈ 19,995.7 RMB/tonne 8.2% Aver
Slide 6: China's Primary Aluminum Consumption
China’s Primary Aluminum Consumption China's primary aluminum consumption reached 45.18 million tonnes in 2024, representing a YoY increase of 5.5% compared to 42.84 million tonnes in 2023. Export of Aluminum and Construction and In terms of the consumption breakdown, construction and infrastruc
Slide 7: Agenda
AGENDA Industry Operational Overview Highlights Financial Future Summary Strategy
Slide 8: Operational Highlights – Overall Strategy
Operational Highlights – Overall Strategy Implement the Strategy of Synergistic Consolidate the Advantages of Upstream and Allocation of Global Resources Downstream Integration Deeply Integrate the Sharing and Build a Complete Closed-loop Industrial Chain Construction of Global Supply Chain, Expand
Slide 9: Vertically Integrated Business Model
Vertically Integrated Business Model Upstream Midstream Downstream Primary Aluminum Bauxite Energy Alumina Aluminum Fabrication Through the operation of Further utilize clean In 2024, alumina sales In 2024, the sales volume of In 2024, primary aluminum joint ventures, achieve energy source
Slide 10: Leading Production Technology
Leading Production Technology Sci-tech Innovation，Digital Empowerment · Energy Saving，Ecological Priority With the honor of “Demonstration Factory Constantly accelerated R&D of new Non-electric pump system was adopted for Intelligent Manufacturing” the smart to reduce electricity consumption;
Slide 11: Optimized Financial Structure
Optimized Financial Structure Continuously Optimize Expand Diversified Financing Financial Structure Continuous Support from Banks Channels at Home and Abroad Net debt level has decreased to RMB 25.4 bn Shandong Hongqiao successfully issued 15 from RMB 29.9 bn. short-term financing bonds, medium
Slide 12: Recognition from International Institutions and Rating Agencies
Recognition from International Institutions and Rating Agencies China Hongqiao is included in 55 indexes Lianhe Global Outlook Rating Stable BBB- of Hang Seng Index, highlighting its outstanding developments and strong confidence and recognition from capital market, including: Outlook Stable S&P Rat
Slide 13: ESG Highlights
ESG Highlights China Hongqiao integrate the philosophy of green development in its corporate operations, deeply engages in ESG, and is committed to achieving carbon neutrality goals and promoting global sustainable development. Honors & Awards Enterprise Asia Institutional Investor Bloomberg "Hong K
Slide 14: Agenda
AGENDA Industry Operational Overview Highlights Financial Future Summary Strategy
Slide 15: Financial Summary
Financial Summary 2023 2024 Variance (RMB million) Revenue 133,624 156,169 +16.9% Gross profit 20,955 42,163 +101.2% Gross profit margin 15.7% 27.0% +11.3p.p. Net Profit 12,498 24,546 +96.4% Net profit attributable to shareholders 11,461 22,372 +95.2% Basic earnings per share RMB 1.2095 RMB 2.3611 +
Slide 16: Profitability
Profitability Gross profit (RMB million) EBITDA (RMB million) Gross profit Gross profit margin EBITDA EBITDA margin 42,163 44,483 20,955 101.2% 26,517 67.8% 27.0% 28.5% 15.7% 19.8% 2023 2024 2023 2024 EBIT (RMB million) Net profit attributable to shareholders (RMB million) EBIT EBIT margin Net profi
Slide 17: Liquidity and Capital
Liquidity and Capital Total assets (RMB mn) Dividend (HK cents per share) 229,165 161 200,320 63 14.4% 155.6% Increase Increase Steadily Significantly 2023 2024 2023 2024 Cash and cash equivalents (RMB mn) Gearing ratio 44,770 47.0% 48.2% 31,721 41.1% Stable Increase 2023 2024 2023 2024 17 *Gearing
Slide 18: Agenda
AGENDA Industry Operational Overview Highlights Financial Future Summary Strategy
Slide 19: Future Development Strategies
Future Development Strategies Integration of Aluminum & Electricity Vertical Integration Increase Proportion of Clean Energy Highlight Further Advantages Continuously improve and build a complete Promote the integration of upstream and closed-loop industrial chain downstream sectors, consolidate
Slide 20: Q&A
Q&A
Slide 21: Thank you!
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