On June 12, Chuangxin Shiyi (02788.HK) rose 5.15% in regular trading, trading at HK$19.87, with turnover of HK$37.93 million. The stock continues its recovery after the company's subsidiary completed a one-time tax payment of approximately RMB 476 million, removing a key overhang on sentiment.

The broader aluminum sector provided strong tailwinds, with CHALCO up 6.19%, Nanshan Aluminium International up 5.06%, and China Hongqiao up 2.31%. Supply-side support came from International Aluminium Institute data showing Gulf region daily aluminum output in April fell over 4,000 tonnes month-on-month, declining 26.7% to 10,989 tonnes per day — approximately 38% below pre-conflict baseline levels. The IAI warned the situation could deteriorate further.

Chuangxin Shiyi previously confirmed its subsidiary Inner Mongolia Chuangyuan Metal had fully settled the additional tax liability arising from a high-tech enterprise tax incentive review, with no administrative penalties involved. The company emphasized that its ample cash reserves meant the payment would not materially affect its financial position or normal operations.

(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.)