New Stock News | Innovative International Delivery filed with Hong Kong Stock Exchange predicts that the total annual production capacity of alumina will be at least 3000 thousand tons.

According to the disclosure by the Hong Kong Stock Exchange on January 13, Xinjiang International Industry Group Limited (hereinafter referred to as "Innovation International") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC and Huatai International as the joint sponsors. The prospectus shows that Innovation International focuses on the high value-added segments of the aluminum industry chain upstream, currently mainly engaged in the production and sales of electrolytic aluminum, alumina, and other related products. As of January 6, 2025, Innovation International has a designed capacity of 788.1 thousand tons/year for electrolytic aluminum and 1200.0 thousand tons/year for alumina. On the same date, the company has been approved an annual capacity of 2980 thousand tons for aluminum hydroxide, of which 1480 thousand tons have been put into use, while the remaining 1500 thousand tons have begun trial production. As of the same date, Innovation International has obtained regulatory approval for a capacity of 6000 thousand tons of alumina produced by roasting aluminum hydroxide. Assuming full utilization of all the above capacities, the company expects its total annual alumina capacity to be at least 3000 thousand tons. According to a report by CRU, based on production levels in 2023, Innovation International's electrolytic aluminum smelter in Holingol City, Inner Mongolia, is the third largest electrolytic aluminum production base in the North China region. Since 2012, Innovation International has strategically positioned itself and deepened its presence in Holingol City, Inner Mongolia, and Binzhou City, Shandong Province, both with scarce resource advantages, focusing on business development. As of September 30, 2024, Innovation International has achieved a high degree of self-sufficiency in alumina and power supply, which is strategically and economically significant for the production of electrolytic aluminum. Furthermore, according to the same report, it is expected that in 2024, the electricity cost for Chinese electrolytic aluminum smelting enterprises will account for approximately 36% of total production costs. By utilizing the abundant natural resources in Holingol City, Inner Mongolia, Innovation International has established integrated power generation stations and facilities combining thermal power and renewable energy to provide stable electricity at low cost. As of the nine months ending September 30, 2024, the company's self-sufficiency rate in electricity is approximately 88%, significantly higher than the industry average of around 57% during the same period. Financially, the company recorded revenues of RMB 13.49 billion, RMB 13.815 billion, and RMB 10.937 billion for the nine months ending on September 30 in 2022, 2023, and 2024, respectively. Correspondingly, the company achieved profits of approximately RMB 913 million, RMB 1.081 billion, and RMB 1.79 billion during the same periods.