CHUANGXIN IND (02788) announced its mid-year results for 2026, with a profit attributable to shareholders of 2.3045 billion yuan, an increase of 166.1% year-on-year.

CHUANGXIN IND (02788) announced its performance for the six months ended June 30, 2026, with revenue of 11.533 billion yuan, an increase of 32.4% year-on-year; profit attributable to shareholders reached 2.3045 billion yuan, up 166.1% year-on-year; basic earnings per share were 1.11 yuan. The main reasons are (i) the sales price of the company's electrolytic aluminum products increased compared to the same period last year, leading to revenue growth; (ii) an increase in the proportion of green electricity usage reduced the company's production costs, resulting in higher gross profit; (iii) the company actively optimized its financing structure, lowered financing rates, and reduced financial costs. Continuously increasing the proportion of green energy to build a moat for the aluminum industry. The company has always aimed for a long-term goal of achieving a green transformation of its business, dedicated to creating a world-class green aluminum industry group. During the reporting period, the company completed the construction of a wind power plant with an installed capacity of 1,040 megawatts and a photovoltaic power plant with an installed capacity of 110 megawatts, with a completion rate of approximately 66% for green energy installations. Once the companys wind power plant and the CECEP Solar Energy power plant are completed, the proportion of green energy used will exceed 50%, far surpassing the national industrial policy target of 25%. The increase in the proportion of green energy can effectively reduce our production costs, enhance profitability, and enable the company's green electrolytic aluminum products to meet the requirements of high-end domestic and foreign customers for upstream manufacturers to use green energy in the electrolytic aluminum smelting process. Further improving the layout of the aluminum industry chain to maintain the stability of raw material supply. Alumina is the most important upstream raw material for the company's production of electrolytic aluminum, directly affecting the sustainability of production, cost stability, and overall production quality; stable power supply is also essential for the company's production. To improve the company's industrial chain layout and maintain the stability of raw material supply, during the reporting period, the company acquired the remaining equity of Shandong Chuangyuan New Materials Technology Co., Ltd. and 100% equity of Tongliao Smart Mining Co., Ltd. The company has achieved comprehensive autonomous control over a stable and efficient industrial chain, ensuring the supply of upstream alumina, reducing operational risks caused by fluctuations in raw material prices, and ensuring long-term stability in production operations; at the same time, this has expanded the company's business into core upstream energy operations, stabilizing the supply of coal, reducing reliance on external market purchases, effectively hedging operational risks arising from significant fluctuations in coal prices, policy adjustments, and other external factors, ensuring a stable and reliable power supply for the company's production, improving overall operational efficiency, and the ability to sustain development, stabilizing operating performance.