On July 6, Chuangxin Industries rose 5.62% in regular trading, trading at HK$16.14/share, with turnover of approximately HK$31.08 million.
On the news front, the company issued a positive profit alert, expecting net profit attributable to owners for the six months ended June 30 to reach approximately RMB 2.2 billion to RMB 2.4 billion (after deducting approximately RMB 476 million in additional tax payments announced on June 2), representing an increase of approximately 154.1% to 177.2% year-over-year. The significant profit growth was attributed to higher electrolytic aluminum selling prices, reduced production costs from increased green electricity usage, and lower financing costs from optimized debt structures.
Additionally, the company recently completed asset acquisitions, with subsidiary Inner Mongolia Chuangyuan acquiring the remaining 41.5% equity in Shandong Chuangyuan for RMB 526 million and acquiring 100% of Tongliao Smart Mining for RMB 1 billion, further securing upstream alumina supply. The broader aluminum sector strengthened in tandem, with RUSAL up 3.64% and China Hongqiao up 3.16%.
(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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