CHUANGXIN IND (02788) surged nearly 4%, reaching HK$18.91 by the time of writing, with a trading volume of HK$33.77 million. A research report from Guolian Minsheng Securities highlighted that the company specializes in integrated alumina and electrolytic aluminum production, boasting capacities of 788,000 tons of electrolytic aluminum and 3.2 million tons of alumina domestically by mid-December 2025, with alumina self-sufficiency exceeding 100%.

In 2025, the company expanded overseas, planning a 500,000-ton aluminum industry chain project in Saudi Arabia to establish a new growth driver. IPO proceeds are primarily allocated to the Saudi project and domestic green energy initiatives. The report identifies CHUANGXIN IND as a rare player in the industry with potential for electrolytic aluminum volume growth.

In March 2025, the company partnered with Chuangxin Group and Chuangxin New Materials to invest in the Saudi Red Sea Aluminum Industry Chain Project, holding a 33.6% stake. The first phase targets 500,000 tons of electrolytic aluminum and alloy capacity, with end products catering to Saudi and欧美 markets. The 18–24-month construction period is expected to conclude by 2027.

Saudi Arabia’s abundant natural gas resources and low electricity costs are projected to significantly enhance the company’s profitability post-operation. Chuangxin Group’s stake may later be injected into the listed entity, further boosting earnings contributions from the Saudi project.