China Hongqiao Group Limited provided earnings guidance for the six months ending 30 June 2024. For the period, the Group's net profit for the six months ending 30 June 2024 is expected to possibly increase by approximately 220% as compared with the corresponding period in 2023, mainly due to the following reasons: The sales prices of the Group's aluminium alloy products and alumina products both increased as compared with the corresponding period in 2023, and their sales volume also increased, while the procurement prices of the Group's major raw materials, such as coal and anode carbon blocks, decreased. Benefiting from such positive factors, the gross profit of the aforesaid products of the Group achieved a significant increase as compared with the corresponding period in 2023; and The Group achieved a net profit of approximately RMB 2,972 million for the first half of 2023 and a net profit of approximately RMB 9,526 million for the second half of 2023.

The net profit base for the first half of 2023 is lower.