On 24 November, Chuangxin Industries Holdings Limited (“Chuangxin Industries” or the “Company”, 02788.HK), a leading integrated producer of electrolytic aluminum and alumina in China, was officially listed on the Main Board of the Hong Kong Stock Exchange. The Company offered a total of 500 million shares globally, with approximately 10% under the Hong Kong Public Offering and approximately 90% under International Offering. The Hong Kong public Offering was oversubscribed by 447.2 times. The final offer price was HK$10.99 per share, with a board lots of 500 shares, raising gross proceeds of approximately HK$ 5,495 million from the global offering. Seventeen cornerstone investors — including Hillhouse, China Hongqiao, Taikang Life, Glencore AG, and Mercuria — subscribed for an aggregate of US$351 million at the offer price, representing nearly 50% of the global offering. As of today’s market close, the Company recorded a strong trading debut, closing at HK$14.59, up 32.76%.Driven by Green Energy and Integrated Strengths to Shape a New Landscape in the Aluminum Industry
Chuangxin Industries focuses on the aluminum industry, specializing in alumina refining and aluminum smelting, with operations spanning the production and sales of both electrolytic aluminum and alumina products. The Company has built an integrated ecosystem covering “energy — alumina refining — aluminum smelting”. Since 2012, the Company has established a strong presence in two resource-rich regions—Huolinguole, Inner Mongolia and Binzhou, Shandong Province—achieving a high degree of self-sufficiency in alumina and electricity supply. Leveraging stable, low-cost electricity, the Company maintains efficient production and enhances operational performance. In 2024, its alumina self-sufficiency rate reached approximately 84% and electricity self-sufficiency rate about 88%, significantly above the industry average. At the same time, the Company continues to invest in R&D, advance the integration of the aluminum value chain, and accelerate its green transition to build a more efficient and sustainable production model.
At the listing ceremony, Mr. Cui Lixin, Chairman of Chuangxin Industries, stated: “The successful listing of Chuangxin Industries marks a new starting point for us to drive transformation across talent, products, energy and capital. We will further strengthen our advantages in cost, quality, technology and service, and focus on globalization, green development, high-end manufacturing and intelligent innovation, accelerating our journey toward becoming a green aluminum industry group in the global market.”
Mr. Cui Lixin, Chairman and Non-executive Director of Chuangxin Industries, attended the listing ceremony at the Hong Kong Stock Exchange.
Chuangxin Industries fully explores wind and solar energy to establish a stable green power aluminum business. Several of its self-owned wind and solar plants have already commenced operation, and the Company plans to increase the proportion of green energy usage to over 50% by the end of 2026. This not only helps reduce electricity costs but also enhances the Company’s long-term sustainability. Leveraging its integrated ecosystem and low-cost power advantages, the Company maintains strong competitiveness in operations, production capacity, and raw material supply.
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