Country Garden Livelihood: Innovation Industry (02788.HK) is a scarce growth-type electrolytic aluminum enterprise, first recommended rating issued.

According to the Intelligence Finance APP, Guolian Minsheng issued a research report stating that Chinnery Industrial (02788.HK) has integrated its energy-alumina-aluminum smelting layout, with aluminum smelting capacity distributed in Inner Mongolia region where energy costs have an advantage. In the future, with the integration of green electricity into the grid, the cost of aluminum smelting is expected to further decrease. The company is expanding its aluminum smelting capacity in Saudi Arabia as it moves overseas, and the firm believes that the company will become a rare target in the industry with incremental aluminum smelting capacity. The aluminum industry continues to have a tight supply and demand balance, and the aluminum price is on the rise. The firm predicts that the company's net profit attributable to the parent company will be 23.2/40.3/47.3 billion RMB for the years 2025-2027, corresponding to a PE ratio of 16/9/8 times the current price. It is the first time covering the company, and a "recommended" rating is given.