China Hongqiao Shares Fall to Three-Month Low on Earnings Miss

By Megan Cheah Shares of China Hongqiao Group fell to a three-month low Monday morning after the aluminum producer’s net profit missed expectations. The stock dropped as much as 13% to 30.10 Hong Kong dollars, equivalent to US$3.84, before trimming losses to trade down 12%. The company reported 2025 net profit of 22.64 billion yuan, equivalent to US$3.29 billion, up 1.2%, while revenue rose 4.0% to 162.35 billion yuan, it said Friday. Despite the increase, the company fell short of analysts’ estimates, partly due to higher financial expenses, Citi analysts led by Jack Shang said. They said the Middle East…