Our Year in Review _China Hongqiao

China Hongqiao Group Co., Ltd. is one of the world’s largest aluminum producer covering the entire aluminum industry chain. It is specialized in thermoelectric, mining, and producing aluminum products, holding sustainability and social welfare at its core.

China Hongqiao is one of the world’s largest aluminum producer with an annual production capacity of more than 6 million tonnes per year. Innovation-centered and quality-focused, it has a diverse product portfolio that covers the aluminum industry chain and extends into the energy sector.

As one of the largest aluminum producers in the world, China Hongqiao holds its core value of “from society and for society” and keeps committed to social welfare and environmental protection.

China Hongqiao is one of the world’s largest aluminum producers. It was listed on the Main Board of the Hong Kong Stock Exchange in 2011 and it was included as constituent stock by Heng Seng Index Co., Ltd. in 2022. By the end of 2022, its total assets reached RMB 200.34 billion and the number of its employees exceeded 40,000.

It had subsidiaries include Shandong Hongqiao New Material Co., Ltd, Shandong Weiqiao Aluminum and Electricity Co., Ltd, Shandong Hongtuo Industrial Co., Ltd, Yunnan Hongqiao New Energy Co., Ltd, Shandong Hongchuang Aluminum Industry Holding Co., Ltd, and Indonesia PT. Well Harvest Winning Alumina Refinery. which make China Hongqiao one of largest aluminum manufacturer and one of the leading aluminum product manufacturers in the globe.

China Hongqiao employs more than 43,000 workers in its 11 production bases in China and overseas. Hongqiao is dedicated to providing a healthy, safe and comfortable working environment and diverse opportunities.

China Hongqiao Group Co., Ltd. was founded in Cayman Islands and listed on the main board of Hong Kong Stock Exchange in 2011. By the end of 2018, it has a total assets of 176.7 billion yuan and more than 40000 employees. It is a large-scale enterprise integrating thermoelectricity

In 2022, the Group continued to develop recycled aluminum through the Sino-German Hongshun Circular Technology Industrial Park project, adjusting the product structure, promoting the re-engineering of the industry chain, and enhancing the value chain and continuing to make new contributions to the shaping of a local aluminum brand and a high-end aluminum cluster of the world.

At the same time, the Group also continued to promote the construction and commissioning of the Yunnan Green Aluminum Innovation Park in a steady and orderly manner by continuing the transfer of production capacity and relying on the advantages of Yunnan’s abundant resources in hydropower and photovoltaic power generation, and has currently formed a power supply pattern deploying multiple energy sources and with an increasing proportion of green energy.

As for overseas business, the Group kept an open integration and steadily promoted the construction of overseas projects, striving to create a new landscape of international operation. In the Republic of Indonesia, our alumina project has maintained a stable production of the first phase with an output of one million tons, while the production line of the second phase with capacity of a further one million tons commenced during the Period.

Looking ahead to the second half of the year, the Group believes that as China continues to introduce domestic policies aimed at achieving a stable growth coupled with the emerging areas such as lightweight and new energy, the aluminum industry in China can be expected to maintain a steady growth momentum.

Therefore, the Group remains fully confident in the future development of the aluminum industry following the concept of “innovation, coordination, green development, openness and sharing”, developing a circular economy, build an industry benchmark in green aluminum and recycled aluminum production while playing a leading role in the green and high-quality development of the industry.

Zhang Bo Chairman of the Board 26 August 2022

Full report here.

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luciayu@hongqiaochina.com