Core Viewpoint - Innovation Industry (02788) has successfully listed its shares at a price of HKD 10.99 per share, raising approximately HKD 5.313 billion, with a notable initial increase of 38.31% to HKD 15.2 per share, reflecting strong market interest [1] Company Overview - Innovation Industry focuses on the upstream aluminum industry chain, specifically in alumina refining and electrolytic aluminum smelting [1] - The company operates a significant electrolytic aluminum smelting plant in Hohhot, Inner Mongolia, which is the fourth largest in North China based on 2024 production capacity [1] - According to CRU's report, Innovation Industry ranks as the twelfth largest electrolytic aluminum producer in China by 2024 production capacity [1] Market Expansion - The company is actively responding to the "Belt and Road" initiative by strategically planning a 500,000-ton electrolytic aluminum comprehensive project in Saudi Arabia, which is expected to provide new growth momentum [1] - The Middle East's electrolytic aluminum demand is projected to maintain a compound annual growth rate of approximately 4.6% from 2025 to 2028, indicating a high-growth market opportunity for the company [1] - By entering this high-growth market, the company aims to benefit from regional development dividends and enhance operational stability through global capacity allocation, thereby mitigating geopolitical and single-market risks [1]
创新实业首挂上市 早盘高开38.31% 公司为中国电解铝行业出海领军者