Movement Alert|China Innovation Rises 5.32% in Regular Trading, Aluminum Sector Collective Rebound Combined with Profit Alert Support

Market Focus
07/10

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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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