Investing.com-- Shares of China Hongqiao Group (HK: 1378 ) surged to an all-time high on Tuesday after the aluminum producer issued a positive profit alert, projecting a strong first-half performance driven by higher product prices and increased sales volumes.

The company said it expects net profit for the six months ending June 30, 2025, to rise by approximately 35% compared with the same period in 2024.

The improvement is attributed to a rise in sales prices of aluminum alloy and alumina products, along with increased sales volumes, boosting gross profit margins.

China Hongqiao said final results will be disclosed in its interim report, scheduled for release by the end of August.

Hong Kong-listed shares of the company jumped nearly 7% to HK$17 as of 03:23 GMT, reaching their highest level ever.