China Hongqiao Group
China Hongqiao Group Limited is a company founded in 1994 that specializes in the production of aluminium. Hongqiao is currently the second largest aluminium producer in the world after Chinalco. It is listed on the Hong Kong Stock Exchange with stock code 1378, and is incorporated in George Town, Cayman Islands.
Native name | 中國宏橋集團有限公司 |
|---|---|
| Formerly | Shandong Hongqiao |
| Company type | Public |
Traded as | SEHK: 1378 |
| Industry | Aluminium |
| Founded | 1994 |
| Headquarters | |
Key people | Zhang Bo (CEO), Zhang Shiping (founder), Zheng Shuliang (Vice Chairman) |
| Revenue | 86,145,130,000 renminbi (2020) |
| 19,355,200,000 renminbi (2020) | |
Net income | 10,496,100,000 Malaysian ringgit (2020) |
| Total assets | 181,532,700,000 renminbi (2020) |
Number of employees | 42,445 (2020) |
| Parent | Shandong Weiqiao Pioneering Group |
| Website | en |
Its main production activities are headquartered in the Chinese Province of Shandong plus a new development in Yunnan Province.
The company's founder and former chairman, Zhang Shiping, was ranked 27th on the 2017 Forbes China Rich List with a net worth of $4.8 billion. His son, Zhang Bo, is the current chairman and chief executive officer of China Hongqiao.
From a family base of textile production, expansion into aluminium commenced in 2001 and the Group now has 6.46 million tonnes of licensed primary aluminium capacity, around 16 million tonnes of alumina capacity and is growing its newly established aluminium recycling business, along with downstream aluminium processing and lightweight innovation projects.
The company owns subsidiaries, including Shandong Weiqiao Aluminium Power Co., Ltd., Huimin Huihong New Aluminium Profiles Co., Ltd. and Hongqiao Investment (Hong Kong) Limited.