Changes in Hong Kong stocks | Innovative Industries (02788) rose nearly 4% at the end of the session, institutions say gross profit per ton of electrolytic aluminum remains at a high level

The Zhitong Finance App learned that Innovation Industry (02788) rose nearly 4% at the end of the session. As of press release, it rose 3.61% to HK$14.08, with a turnover of HK$32.762,800.

Nanjing Securities said that Shanghai's non-ferrous electrolytic aluminum social inventory this week was 467,000 tons, or 7.7% weekly. Currently, domestic aluminum social stocks are at a seasonal low level. Overall, the downstream construction season is progressing smoothly. As the price of alumina and the price of pre-baked anodes remained fluctuating in the range, although aluminum prices declined slightly in the short term, the estimated gross profit per ton of electrolytic aluminum remained at a high level.

Notably, Innovation Industrial expects all wind power photovoltaic projects to be connected to the grid in 2027. According to Guolian Minsheng Securities, the company's current green energy installation completion rate is about 66%. The company expects all of them to be completed by the end of 2026 and fully connected to the grid in 2027. After construction is completed, the company's green electricity usage ratio will exceed 50%. Considering the low cost of green electricity generation, we believe it will effectively reduce the production cost of electrolytic aluminum and increase profits.