HK Stock Market Move | China Aluminum International Engineering Corporation (02068) opened more than 6% higher, winning the bid for the Qingtongxia electrolytic tank project with a total contract price of approximately 2.909 billion yuan.

China Aluminum International Engineering Corporation (02068) opened more than 6% higher. As of the time of writing, it has risen by 6.07% to HK$2.62, with a trading volume of HK$1.1816 million. In terms of news, China Aluminum International Engineering Corporation announced that on November 27th, its controlling subsidiary, Shenyang Aluminum and Magnesium Design Research Institute Co., Ltd. (the leading party), formed a consortium with China Nonferrous Metal Industry Sixth Metallurgical Construction Co., Ltd., Seventh Metallurgical Installation Engineering Co., Ltd., Yunnan Construction Investment Machinery Manufacturing Installation Engineering Co., Ltd., and Minmetals Twenty-Three Metallurgical Construction Group Co., Ltd., and won the bid for the "bigger for smaller" upgrade project of the Qingtong Gorge electrolytic cell. The total contract price is approximately RMB 2.909 billion. The announcement pointed out that if the contract for the project is officially signed and successfully implemented, it will help expand the company's business scale, have a positive impact on the company's current and future annual results, and enhance the company's sustainable profitability. However, the specific amount that will affect the company's financial indicators cannot be calculated at present.