Changes in Hong Kong stocks | Innovative Industries (02788) rose more than 6% at the end of the session and is expected to have a maximum net profit of 2.4 billion yuan in the first half of the year. Institutions are optimistic that the profit per ton of aluminum will remain high

The Zhitong Finance App learned that Innovation Industry (02788) rose more than 6% at the end of the session. As of press release, it had risen 6.5% to HK$17.38, with a turnover of HK$129 million.

According to the news, Innovation Industrial plans to hold a board meeting on August 17 to approve the interim results. The company previously announced Yingxi. The net profit for the first half of the year is expected to be about 2.2 billion to 2.4 billion yuan, an increase of about 154.1% to 177.2% over the previous year. Mainly due to the year-on-year increase in the sales price of electrolytic aluminum products; the increase in the proportion of green electricity used to reduce production costs; and the company's active optimization of the financing structure.

CICC released a research report saying that the US-Iran conflict has brought about a gap in supply and demand, which supports the maintenance of high profits per ton of aluminum. The bank pointed out that the market is mostly focused on the company's growth in Saudi projects. We believe that the company's perfect industrial chain, high resource self-sufficiency rate, and green power cost reduction can bring stronger performance stability and product competitiveness. At the same time, high dividend allocation opportunities are worth focusing on.