Chuangxin Industries' stock price soared 5.05% during intraday trading on Wednesday, reflecting strong investor sentiment following a series of positive corporate developments.
The aluminum company reported a significant 33% jump in attributable profit for 2025, reaching 2.73 billion yuan. Revenue also saw robust growth, increasing by 23% year-on-year to 18.68 billion yuan. This strong financial performance is a key driver behind the stock's upward movement.
Further bolstering investor confidence, the company announced strategic moves to strengthen its operations. Chuangxin Industries agreed to acquire the remaining 41.5% stake in alumina maker Shandong Chuangyuan and is purchasing Tongliao Smart Mining, a coal mining company. These acquisitions are aimed at securing the firm's upstream supply chain for key raw materials like alumina and coal for its power plants. Concurrently, the company entered into a new procurement and equipment leasing framework agreement with Innovation New Material, with an annual cap of 180 million yuan for products and services, signaling ongoing business expansion and supply chain optimization.
Comments