创新国际二度闯关港交所，业绩高度依赖关联方

Group 1 - The core viewpoint of the news is that Innovation International Holdings Group Limited has re-submitted its prospectus to the Hong Kong Stock Exchange after the previous submission expired, indicating a renewed effort to go public [1] - The company primarily focuses on the production and sales of electrolytic aluminum and alumina, with a significant reliance on its affiliate, Innovation New Materials [1][2] - The sales revenue from electrolytic aluminum constitutes a high percentage of the company's total revenue, with figures of 95.5%, 90.5%, 85%, and 76.6% for the years 2022, 2023, 2024, and the first five months of 2025, respectively [2] Group 2 - The company aims to use the raised funds to expand overseas electrolytic aluminum smelting capacity, build green energy power stations, and optimize working capital to support its globalization strategy and sustainable development goals [2] - The company has achieved high self-sufficiency rates in alumina and electricity supply, with self-sufficiency rates of approximately 47%, 90%, 84%, and 70% for alumina, and 81%, 81%, 88%, and 87% for electricity from 2022 to the first five months of 2025 [3] - Revenue from the affiliate Innovation New Materials accounted for 78.8%, 76.6%, and 59.8% of the company's total revenue for the years 2023, 2024, and the first five months of 2025, respectively [3]