Core Viewpoint - Innovation Industry Group Limited, a leading integrated producer of electrolytic aluminum and alumina in China, successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 54.95 billion through the issuance of 500 million shares at HKD 10.99 each, with a significant post-listing price increase of 36.49% to HKD 15 per share [1][2]. Group 1: Company Overview - Innovation Industry was established in 2012 and is one of China's top twelve electrolytic aluminum producers, focusing on alumina refining and electrolytic aluminum smelting [1][2]. - The company has a designed production capacity of 788.1 thousand tons per year for electrolytic aluminum and 1200 thousand tons per year for alumina as of November 6, 2023 [1]. Group 2: Financial Performance - The company reported revenues of RMB 134.9 billion, RMB 138.15 billion, RMB 151.63 billion, and RMB 72.14 billion for the fiscal years 2022, 2023, 2024, and the first five months of 2025, respectively, indicating steady growth [2]. - The net profit for the same periods was approximately RMB 9.13 billion, RMB 10.81 billion, RMB 26.3 billion, and RMB 8.56 billion, showing slight fluctuations [2]. Group 3: Shareholding Structure - After the IPO, the actual controller and major shareholder, Cui Lixin, holds 75% of the shares through Bloomsbury Holding, while public shareholders own 25% [2]. Group 4: Use of Proceeds - Approximately 50% of the net proceeds from the global offering will be used to expand overseas production capacity, including the construction of an electrolytic aluminum smelting plant [3]. - About 40% of the net proceeds is expected to fund green energy projects, including the establishment of green energy power stations [3]. - The remaining 10% will be allocated for working capital and general corporate purposes [3].
电解铝龙头创新实业赴港上市