On July 10, China Innovation rose 5.32% in regular trading, trading at 15.89 HKD/share, with turnover of approximately HKD 53.36 million.
On the news front, the aluminum sector staged a broad-based rebound, with RUSAL up 6.82%, China Hongqiao up 5.67%, Nanshan Aluminium International up 4.97%, and CHALCO up 4.65%. The rally was further underpinned by the company's recently released profit alert, which forecast H1 net profit attributable to owners of approximately RMB 2.2 billion to RMB 2.4 billion, representing a year-on-year surge of approximately 154.1% to 177.2%.
The substantial earnings growth was primarily driven by higher electrolytic aluminum product selling prices compared to the prior year period, an increased proportion of green electricity usage which lowered production costs, and active optimization of the financing structure resulting in reduced finance expenses. The profit forecast already accounts for an additional tax payment of approximately RMB 476 million by subsidiary Inner Mongolia Chuangyuan.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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