创新实业已通过港交所主板上市聆讯，中金公司和华泰国际为联席保荐人。 公司专注于铝产业链上游的氧化铝精炼和电解铝冶炼，业务涵盖能源、氧化铝精炼和电解铝冶炼。截至 2024年底，公司氧化铝自给率达到约84%，并已实现高自给率的电力供应。 根据CRU报告，公司位于内蒙古霍林郭勒市的电解铝冶炼厂是中国华北地区第四大电解铝生产基地， 公司是中国第十二大电解铝生产商。公司战略性布局于内蒙古霍林郭勒市和山东省滨州市，利用当地丰 富的电力资源和地理位置优势，实现高自给率的氧化铝和电力供应。公司构建了"能源—氧化铝精炼— 电解铝冶炼"一体化生态系统，实现了原材料供应的稳定性和成本优势。 公司在电力供应和原材料采购方面具有显著优势，电力自给率高于行业平均水平，有效降低了生产成 本。公司在管理每吨铝现金成本方面处于中国前5%的水平。 公司拥有788.1千吨/年的电解铝设计产能和1200千吨/年的氧化铝设计产能，相关生产线已投入使用。公 司正在逐步扩大氢氧化铝和氧化铝产能，并计划未来进一步扩充氧化铝产能。全球电解铝消费量预计将 保持增长，中国电解铝年度需求缺口将持续存在。 ...

Core Viewpoint - Innovation International has submitted its prospectus to the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1] Company Strategy - The company strategically establishes an integrated ecosystem of "energy - alumina refining - electrolytic aluminum smelting" in Inner Mongolia and Shandong [1] - The company benefits from Inner Mongolia's abundant electricity resources and low electricity prices, as well as Shandong's geographical advantage as a major import and transit port for bauxite [1] Production and Self-Sufficiency - The company achieves a high level of electricity and alumina self-sufficiency, with an estimated electricity self-sufficiency rate of approximately 88% in 2024, significantly higher than the industry average [1] - The alumina self-sufficiency rate is also projected to reach about 84% [1] Market Position - According to the CRU report, the company's electrolytic aluminum smelting plant in Hohhot, Inner Mongolia, is the fourth largest electrolytic aluminum production base in North China based on 2024 production [1] - The company ranks as the twelfth largest electrolytic aluminum producer in China [1] Industry Overview - China possesses the largest electrolytic aluminum market globally, with the industry size expected to reach approximately RMB 897 billion in 2024, accounting for about 71% of the global market [1] - Global electrolytic aluminum consumption is projected to grow at a compound annual growth rate of 1.6% from 2025 to 2028 [1]