On June 24, China Innovation Industry fell 5.94% in regular trading, trading at HKD 14.55/share, with turnover of HKD 61.999 million. This marks the third consecutive session of decline exceeding 5% for the stock.

On the news front, the alumina futures main contract recently dropped over 3%, with national alumina inventory rising by 139,000 tons week-over-week to 7.024 million tons and operating capacity expanding to 92.3 million tons per year, reinforcing the oversupply dynamic that continues to pressure aluminum prices. The broader aluminum sector remained weak, with China Hongqiao down 1.72%, Chalco down 1.25%, Nanshan Aluminum International down 2.81%, and Rusal down 2.72%.

Additionally, active short-selling pressure persists, with a single-day short-selling volume previously reaching HKD 70.89 million, accounting for 19.34% of total turnover. The company's elevated asset-liability ratio of 87.3% has further amplified financial risk concerns among investors, contributing to sustained downward pressure on the stock in the near term.

(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.)