Core Viewpoint - The company has successfully passed the Hong Kong Stock Exchange main board listing hearing, with CICC and Huatai International as joint sponsors. The company focuses on the upstream aluminum industry chain, specifically alumina refining and electrolytic aluminum smelting [1] Group 1: Business Operations - The company has achieved an alumina self-sufficiency rate of approximately 84% by the end of 2024 and has secured a high self-sufficiency rate in power supply [1] - The company possesses a designed production capacity of 788.1 thousand tons per year for electrolytic aluminum and 1,200 thousand tons per year for alumina, with relevant production lines already in operation [1] - The company is gradually expanding its capacity for both aluminum hydroxide and alumina, with plans for further expansion of alumina capacity in the future [1] Group 2: Market Position and Strategy - Global consumption of electrolytic aluminum is expected to continue growing, with a persistent annual demand gap for electrolytic aluminum in China [1] - According to a CRU report, the company's electrolytic aluminum smelting plant in Hohhot, Inner Mongolia, is the fourth largest electrolytic aluminum production base in North China, making the company the twelfth largest electrolytic aluminum producer in China [1] - The company strategically positions itself in Hohhot and Binzhou, Shandong Province, leveraging local abundant power resources and geographical advantages to achieve high self-sufficiency in alumina and power supply [1] Group 3: Competitive Advantages - The company has built an integrated ecosystem of "energy - alumina refining - electrolytic aluminum smelting," ensuring stability in raw material supply and cost advantages [1] - The company has significant advantages in power supply and raw material procurement, with a power self-sufficiency rate higher than the industry average, effectively reducing production costs [1] - The company ranks in the top 5% in China for managing cash costs per ton of aluminum [1]

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]