HONTRON(SZ:002379) Zheng Quan Ri Bao Wang·2025-12-10 13:28Core Viewpoint - Shandong Hongchuang Aluminum Industry Holdings Co., Ltd. plans to acquire 100% equity of Shandong Hongtuo Industrial Co., Ltd. through a share issuance, with a transaction scale of 63.518 billion yuan, enhancing its competitive position in the aluminum industry [1][2]. Company Summary - Hongtuo Industrial is a leading global aluminum product manufacturer, with an annual production capacity of 6.459 million tons of electrolytic aluminum and 19 million tons of alumina, ranking as one of the largest electrolytic aluminum producers globally and the top among private enterprises in China [1]. - The company has been recognized for its technological advancements and environmental practices, including the world's first full-series 600kA ultra-large prebaked anode electrolytic cell, and has won the first prize of the China Nonferrous Metals Industry Science and Technology Award in 2016 [1]. - Hongtuo Industrial has a high proportion of green electricity and low carbon emissions, actively supporting national energy-saving and emission-reduction strategies, and has been awarded the "Leader" title in energy efficiency in the alumina industry [1]. Industry Summary - The acquisition is part of a strategy by China Hongqiao Group to consolidate its core aluminum assets back to A-share listings, which will enhance internal integration and improve the company's overall competitiveness in the market [2]. - Analysts indicate that the electrolytic aluminum industry is moving towards high-quality industrial clusters, with leading companies extending their operations downstream, resulting in an increasing on-site conversion rate of aluminum water [2]. - Over the next five years, the rough processing industry, which involves remelting aluminum ingots, is expected to shrink, while advanced aluminum processing clusters around aluminum plants will drive higher quality development in the industry [2].