山东宏创铝业控股股份有限公司（以下简称"公司"）近日发布《关于深圳证券交易所〈关于山东宏创铝 业控股股份有限公司发行股份购买资产申请的审核问询函〉之回复(修订稿)》，就深交所关注的标的资 产持续经营能力、产能转移方案、固定资产减值等问题进行了详细说明。公司表示，标的资产作为铝行 业龙头企业，电解铝及氧化铝市场空间广阔，产能转移符合国家政策导向，持续经营能力预计不会发生 重大不利变化。 标的资产行业地位稳固 市场空间广阔 公告显示，标的公司在电解铝和氧化铝领域均处于行业前列。截至2024年末，标的公司拥有电解铝产能 645.90万吨，占国内总产能的14.48%，排名行业第二；氧化铝产能1900万吨，占全国产能的18.21%，同 样位列行业第二。受益于汽车轻量化、新基建等下游需求增长，2024年中国电解铝消费量达4518万吨， 近五年年均复合增长率4.18%，氧化铝需求量约8500万吨，行业保持稳步增长态势。 从市场供需看，国内电解铝产能受政策严控，2024年建成产能4462万吨已接近4500万吨上限，预计未来 供需维持紧平衡。氧化铝方面，尽管2025年国内外新增产能陆续投产，但下游电解铝需求刚性，且国家 政策强 ...

Group 1 - The core point of the article is the registration of the first batch of casting aluminum alloy futures standard warehouse receipts by Guoyuan Investment Management (Shanghai) Co., Ltd., a subsidiary of Guoyuan Futures, which consists of 13 receipts totaling 390 tons, accounting for 10% of the national first batch of warehouse receipts [1] - The casting aluminum alloy is identified as a key material in the automotive lightweighting and high-end equipment manufacturing sectors, highlighting its significance in the industry [1] - The listing of casting aluminum alloy futures is expected to enhance the futures product system of the aluminum industry chain and support the green and low-carbon transformation of China's non-ferrous metal industry [1] Group 2 - Guoyuan Futures conducted the delivery report for the warehouse receipts, which were inspected by Zhejiang Jianfeng Supply Chain Co., Ltd. and approved by the Shanghai Futures Exchange [1] - The Anhui region is noted for its active development of the new energy vehicle industry, attracting numerous main engine manufacturers and parts companies [1]