Xin Lang Cai Jing·2025-11-10 05:58Core Insights - Innovation Global Industries Holdings Limited, a holding company of Inner Mongolia Chuangyuan Metal Co., Ltd., is preparing for an IPO on the Hong Kong Stock Exchange, having submitted its prospectus after hearings [3][4]. Business Overview - Established in 2012, Innovation Global focuses on the upstream high-value segments of the aluminum industry, primarily producing and selling electrolytic aluminum and alumina [4]. - The company operates one of the largest electrolytic aluminum smelting plants in North China, with a design capacity of 788,100 tons per year for electrolytic aluminum and 1,200,000 tons per year for alumina [7]. Production Capacity and Efficiency - As of 2024, the company has an approved capacity of 2,980,000 tons per year for hydrated alumina, with 1,480,000 tons already in operation and the remaining 1,500,000 tons in trial production [7]. - The company has achieved a power self-sufficiency rate of approximately 88% in 2024, significantly higher than the industry average of 57% [7]. Energy Generation - As of November 6, 2025, the total installed capacity of Innovation Global's thermal power plants reached 2,110 MW, with additional wind and solar power projects under construction expected to add 1,750 MW [8]. - The company plans to build a 100 MW distributed solar power station, expected to begin operations by the end of 2026 [8]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first five months of 2025 were RMB 13.49 billion, RMB 13.81 billion, RMB 15.16 billion, and RMB 7.21 billion, respectively, with corresponding net profits of RMB 0.91 billion, RMB 1.08 billion, RMB 2.63 billion, and RMB 0.86 billion [14][15]. Shareholder Structure - Prior to the IPO, the company is wholly owned by Mr. Cui Lixin through Bloomsbury Holding [10]. Board of Directors - The board consists of 8 members, including 1 non-executive director, 4 executive directors, and 3 independent non-executive directors [12].