创新实业：Capacity growth in Saudi Arabia + superb costadvantage on low green energy cost in China-20260204

4 Feb 2026 CMB International Global Markets | Equity Research | Initiation Chuangxin Industries (2788 HK) Chuangxin Industries (2788 HK) Capacity growth in Saudi Arabia + superb cost advantage on low green energy cost in China We believe Chuangxin offers unique growth story in the aluminium sector. On the cost side, the on-going commencement of wind & solar captive power source will further push the cost down in 2026E-27E, from the already low cost of electricity at present. On the growth side, Chuangxin's ...