HONGQIAO before the downtrend

Free cash flow benefits from lower growth capex, marking a positive transition. The shift focusing on Yunan continues to optimize and complete its aluminum production. Electricity costs are structurally lower and the carbon footprint is significantly reduced, but not means decreased in its cash flow or dividend yield. This explains why one of the company's highest-return capital investments and rarely giant one in the aluminum market.

Indicating more by some data, Hongqiao has been digging big toes already by Q1 performance. The total liabilities dropped by roughly RMB 9B, and short-term debt was slashed from RMB 10.07B to RMB 6.80B. The most significant point that caught my eye was that the revenue only grew 3.4%, but profit surged over 30%. So take a look at the entire picture, aluminum producers as Hongqiao still get their own power and the long-run strategy, proving its compelling stock for any investors.