Stock Track | CHUANGXIN IND Plummets 6.53% Intraday on Subsidiary's Tax Compliance Concerns

Stock Track05-26

CHUANGXIN IND (02788) experienced a significant intraday decline, with its stock price plummeting 6.53% during Tuesday's trading session.

The sharp drop followed the company's announcement regarding tax compliance guidance for its subsidiary, Inner Mongolia Chuangyuan Metal Co., Ltd. The board estimates the total tax payable at approximately RMB 400 million to RMB 500 million, covering the 2025 annual tax settlement and corresponding adjustments to Q1 prepaid taxes. Although the company stated it has sufficient cash reserves to handle the payment, market participants appeared concerned about the sizable one-time cash outflow, which pressured the stock price.

Innovative Industrial Group Limited is primarily engaged in the production and sale of electrolytic aluminum and alumina, with operations including the Electrolytic Aluminum segment and the Alumina segment.

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