On September 15, CHINAHONGQIAO declined 3.24% in regular trading, trading at 21.46 HKD/share, with turnover of approximately 426 million HKD. The drop extended the aluminum sector's ongoing pullback, with peer CHALCO down 2.7%, NANSHAN AL INTL down 0.49%, and CHUANGXIN IND down 0.43%.

The decline follows a stretch of sector-wide selling pressure. On September 11, CHINAHONGQIAO had already fallen 4.1% amid broad aluminum stock weakness. The company simultaneously announced a related-party acquisition of Weiqiao Xinchuang for approximately 240 million RMB to acquire 100% equity in a Yunnan-based photovoltaic power generation business with 170MW total installed capacity. The deal, aimed at strengthening self-supplied electricity capabilities for subsidiary Shandong Hongqiao, drew mixed market sentiment given the expansion into non-core assets. On the same day, the company completed early redemption of all outstanding 330 million USD 7.05% senior unsecured notes due 2028.

Despite the near-term weakness, multiple brokerages including JPMorgan, Deutsche Bank, and CMBI Securities maintain bullish ratings, with target prices ranging from 30 to 48 HKD, citing robust first-half net profit of 17.21 billion RMB, up 39.2% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)