The Zhitong Finance App learned that Huaxin Construction (06655) once rose by more than 10%. As of press release, it had risen 8.49% to HK$16.1, with a turnover of HK$15.174,400.
According to the news, Huaxin Materials announced its results for the first three quarters of 2026. During the reporting period, it achieved operating income of 29.69 billion yuan, an increase of 18.6% over the previous year; net profit attributable to shareholders of listed companies was 2,826 billion yuan, an increase of 41.05% over the previous year. According to single-quarter data, total revenue for the third quarter was 10.192 billion yuan, up 13.42% year on year, and net profit returned to mother for the third quarter was 1,113 billion yuan, up 23.68% year on year. In addition, Huaxin Construction announced that the company plans to acquire shares in the target company Brazil Cement, which is held by Brazil's National Steel Company (CSN).
Huatai Securities pointed out that the company's Q3 net profit exceeded the bank's previous expectations (950 million yuan), mainly due to the contribution of asset disposal proceeds and the volume and price performance of markets such as Central Asia that exceeded expectations. The company continues to promote a global layout, and the scale of overseas production capacity continues to expand, forming a virtuous cycle of “low cost mergers and acquisitions - cost reduction and production - cash return”. The proposed acquisition of Brazilian CSN cement is expected to open up room for growth in Latin America and is expected to continue to drive medium- to long-term profit growth.