CHUANGXIN IND (02788) rose more than 10% during the morning session, reaching a record high of HK$29.84. The stock has accumulated a 25% gain since its inclusion in the Stock Connect program on March 9. At the time of writing, the share price was up 9.16% to HK$29.56, with a turnover of HK$177 million. On the fundamental side, China Merchants Securities pointed out that CHUANGXIN IND currently has an electrolytic aluminum production capacity of 788,100 tons and an alumina capacity exceeding 3 million tons. The company's power self-sufficiency rate is projected to reach 88% in 2024. The company is investing in the "Saudi Red Sea Aluminum Industry Chain Integrated Project" in Saudi Arabia. The main components of the project include 500,000 tons of electrolytic aluminum capacity and 500,000 tons of aluminum processing capacity. CHUANGXIN IND and its affiliates collectively hold an 84% stake in the project, which is expected to significantly boost the company's performance upon commencement of operations. Zhejiang Securities believes the company's profits are being substantially enhanced by rising aluminum prices, driven by improved sentiment in the electrolytic aluminum sector, lower costs due to declining bauxite prices, and reduced power costs associated with new energy installations. Furthermore, the planned electrolytic aluminum capacity in Saudi Arabia is anticipated to increase the company's overall aluminum production output, with potential for further volume growth by 2027.