股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 創新實業集團有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02788 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.000005 USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.000005 USD | | 50,000 | 本月底法定/註冊股本總額： USD 50, ...

1月7日，港股铝业股拉升走高，其中，南山铝业国际盘初大涨至13%，创新实业目前涨4.9%，中国宏桥 涨2%，三者盘中均刷新历史新高。 | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 02610 | 南山铝业国际 | 58.500 | 7.54% | | 02788 | 创新实业 | 23.980 | 4.90% | | 02600 | 中国铝业 | 13.530 | 1.96% | | 01378 | 中国宏桥 | 35.840 | 1.64% | | 02078 | 荣阳实业 | 0.135 | 0.75% | | 00486 | 俄铝 | 4.910 | 0.41% | 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 消息上，欧洲因电价上涨而导致生产受限，正在持续消耗全球库存，而来自建筑和可再生能源领域的需 求前景依然强劲。铝期货去年上涨17%，创下2021年以来的最大涨幅。在供应前景趋紧和长期需求预期 的推动下，铝价逾三年来首次突破每吨3000美元。 中金认为，从平衡表的角度来看，2026年铝或表现得比铜更紧，且流动性利好带来的金 ...

消息上，欧洲因电价上涨而导致生产受限，正在持续消耗全球库存，而来自建筑和可再生能源领域的需 求前景依然强劲。铝期货去年上涨17%，创下2021年以来的最大涨幅。在供应前景趋紧和长期需求预期 的推动下，铝价逾三年来首次突破每吨3000美元。 港股铝业股拉升走高，其中，南山铝业国际盘初大涨至13%，创新实业目前涨4.9%，中国宏桥涨2%， 三者盘中均刷新历史新高。 中金认为，从平衡表的角度来看，2026年铝或表现得比铜更紧，且流动性利好带来的金融属性顺风或已 被市场充分计价。中金判断协整关系并不会轻易失效，铝价或将补涨以带动铜铝比向中枢回归。大摩预 计今年第四季度金价将达到4800美元的新高，在基本金属中，更看好铝和铜，相信受惠于供应挑战和不 断增长的需求。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02610 | 南山铝业国际 | 58.500 | 7.54% | | 02788 | 创新实业 | 23.980 | 4.90% | | 02600 | 中国铝业 | 13.530 | 1.96% | | 01378 | 中国宏桥 | 35.840 ...

每经AI快讯，创新实业(02788.HK)盘中涨超11%，高见23.4港元，再创上市新高。截至发稿，创新实业 涨5.3%，报21.84港元，成交额8840.76万港元。 ...

消息面上，新年伊始，伦铝突破3000美元大关，创下2022年以来的最高记录。申万宏源认为，国内电解 铝产能将于2026年达峰，海外产能虽然进入扩张周期，但受投放节奏及电力供应扰动影响，2026年全球 电解铝产量增量或低于市场预期。 国联民生证券表示，创新实业能源-氧化铝-电解铝一体化布局，电解铝产能分布在能源成本具备优势的 内蒙地区，未来随着绿电并网发电，电解铝成本有望进一步下降。公司走向海外在沙特扩张电解铝产 能，我们认为公司将成为行业内稀有的有电解铝增量的标的。 智通财经APP获悉，创新实业(02788)盘中涨超11%，高见23.4港元，再创上市新高。截至发稿，涨 5.3%，报21.84港元，成交额8840.76万港元。 ...

国联民生（601456）证券表示，创新实业能源-氧化铝-电解铝一体化布局，电解铝产能分布在能源成本 具备优势的内蒙地区，未来随着绿电并网发电，电解铝成本有望进一步下降。公司走向海外在沙特扩张 电解铝产能，我们认为公司将成为行业内稀有的有电解铝增量的标的。 消息面上，新年伊始，伦铝突破3000美元大关，创下2022年以来的最高记录。申万宏源认为，国内电解 铝产能将于2026年达峰，海外产能虽然进入扩张周期，但受投放节奏及电力供应扰动影响，2026年全球 电解铝产量增量或低于市场预期。 创新实业(02788)盘中涨超11%，高见23.4港元，再创上市新高。截至发稿，涨5.3%，报21.84港元，成 交额8840.76万港元。 ...

Group 1 - The report highlights that industrial metal prices have shown a significant upward trend, particularly for copper and tin, which are constrained by supply issues. Prices have gradually increased throughout the year, with copper reaching a historical high [14][15][39]. - The overall performance of the non-ferrous metal sector has been impressive, with a year-to-date weighted average increase of 100.46% as of December 11, 2025, outperforming major indices like the Shanghai Composite and CSI 300 [26][33]. - The macroeconomic environment is expected to remain favorable for industrial metals in 2026, with continued liquidity support from the U.S. Federal Reserve's interest rate cuts and domestic policies aimed at boosting demand [39][10]. Group 2 - The report identifies AI and energy storage as significant drivers of marginal demand growth for copper and aluminum, with substantial capital expenditures from major cloud service providers expected to continue [45][58]. - For copper, the demand from AI data centers is projected to add approximately 26.8 thousand tons to total copper demand in 2026, driven by increased infrastructure investments [58][59]. - In the aluminum sector, while demand growth is anticipated, it is expected to be more limited compared to copper, with projected aluminum demand from data centers reaching around 78 thousand tons globally by 2026 [64][66]. Group 3 - The supply side for copper remains constrained due to ongoing production cuts and delays in new mining projects, which are expected to exacerbate structural shortages in the market [42][43]. - The aluminum market is facing a rigid supply ceiling domestically, with limited growth in production capacity and risks of shutdowns due to high electricity costs [43][44]. - The report recommends several companies with strong growth potential in the copper sector, including Shengtun Mining, Zangge Mining, and Zijin Mining, as well as companies in the aluminum sector like China Aluminum and China Hongqiao [11][39].

Core Points - The stabilization period for the global offering of Innovation Industry (02788.HK) has ended on December 19, 2025, as per the Securities and Futures (Stabilizing Prices) Rules [1] - The stabilization agent, China International Capital Corporation Hong Kong Securities Limited, has taken actions during the stabilization period, including the borrowing of 75,000,000 shares to cover the overallotment [1] - The overall coordinator exercised the overallotment option on December 2, 2025, involving 75,000,000 shares at a price of HKD 10.99 per share [1] Summary by Sections - **Stabilization Period**: The stabilization period for the global offering has concluded, marking a significant milestone for the company [1] - **Overallotment Details**: A total of 75,000,000 shares were borrowed by the stabilization agent to facilitate the overallotment, representing approximately 15% of the initially available shares for subscription [1] - **Exercise of Overallotment Option**: The overall coordinator fully exercised the overallotment option on December 2, 2025, at a price of HKD 10.99 per share, which is the offering price excluding various fees [1] - **Market Activity**: During the stabilization period, the stabilization agent did not engage in any buying or selling of shares in the market [2]

除本公告另有界定者外，本公告所用的詞彙與創新實業集團有限公司（「本公司」）於2025年11 月14日（星期五）刊發的招股章程（「招股章程」）所界定者具有相同涵義。 本公告乃根據香港法例第571W章《證券及期貨（穩定價格）規則》第9(2)條作出。 本公告僅供參考，並不構成對任何人士進行收購、購買或認購本公司任何證券的要約或誘使作 出要約的邀請。本公告並非招股章程。潛在投資者在決定是否投資於發售股份前，應細閱招股 章程內有關下文所述全球發售的詳細資料。有關發售股份的任何投資決定應僅依賴招股章程所 提供的資料而作出。 本公告概不構成要約出售或遊說要約購買發售股份，而在任何作出有關要約、遊說或出售即屬 違法的司法權區內，概不得出售任何發售股份。本公告不得直接或間接於或向美國或法律禁止 有關派發的任何其他司法權區發佈、刊發或派發，而本公告亦並非在美國或任何其他司法權區 出售或遊說購買或認購證券的要約。發售股份並無亦不會根據美國證券法或美國任何州證券法 登記，亦不得於美國境內或向美國人士（定義見美國證券法S規例）或代表美國人士或為其利益 提呈發售、出售、抵押或轉讓，惟獲豁免遵守美國證券法登記規定或屬毋須遵守美國證券法登 ...

Group 1 - The company is focusing on an integrated layout of alumina and electrolytic aluminum, with plans to expand electrolytic aluminum capacity in Saudi Arabia, which is expected to become a rare investment target in the industry due to its increasing electrolytic aluminum output [1][2] - By December 2025, the company aims to achieve a domestic production capacity of 788,000 tons of electrolytic aluminum and 3.2 million tons of alumina, with an alumina self-sufficiency rate exceeding 100% [2] - The electrolytic aluminum production is located in Hohhot, Inner Mongolia, where energy costs are advantageous due to abundant coal resources, and the company is also transitioning to green energy with wind power projects [3] Group 2 - The company's performance is on an upward trend, with projected revenues increasing by 9.8% year-on-year in 2024 and a significant net profit growth of 104.8% [4] - The company plans to invest in a comprehensive aluminum industry chain project in Saudi Arabia, with an initial capacity of 500,000 tons of electrolytic aluminum and aluminum alloy, expected to contribute significantly to the company's performance post-2027 [5] - The project in Saudi Arabia is anticipated to enhance the company's earnings due to lower electricity costs from abundant natural gas resources [5]