Innovation Industrial (02788) announced its 2026 interim results. Profit attributable to shareholders was 2,304.5 billion yuan, an increase of 166.1% over the previous year

Zhitong Finance App News, Innovation Industry (02788) announced results for the six months ended June 30, 2026, with revenue of 11.533 billion yuan, up 32.4% year on year; profit attributable to company owners was 2,304.5 billion yuan, up 166.1% year on year; basic profit per share was 1.11 yuan. The main reasons are (i) the sales price of the company's electrolytic aluminum products has increased compared to the same period last year, and revenue has increased; (ii) the company's increased green electricity usage ratio has reduced the company's production costs and increased gross profit; (iii) the company has actively optimized its financing structure, falling financing interest rates, and falling financial costs.

Continue to increase the share of green energy and build a moat for the aluminum industry. The company always aims to achieve green business transformation as a long-term goal, and is committed to building a world-class green aluminum industry group. During the reporting period, the company has completed the construction of wind power plants with an installed capacity of 1,040 megawatts and 110 megawatts of photovoltaic power plants, with an installed green energy completion rate of about 66%. After the company's wind power plants and solar power plants are completed, green energy usage will account for more than 50%, far exceeding the 25% target requirement of the national industrial policy. The increase in the share of green energy can effectively reduce our production costs and improve profitability. It can also 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 improve the layout of the aluminum industry chain and maintain the stability of the supply of raw materials. Alumina is the most important upstream raw material for the company's production of electrolytic aluminum, which directly affects the sustainability of production, cost stability and overall production quality; stable electricity supply is also the guarantee of the company's production. In order to improve the company's industrial chain layout and maintain the stability of raw material supply, the company acquired the remaining shares of Shandong Chuangyuan New Material Technology Co., Ltd. and 100% of the shares of Tongliao Smart Mining Co., Ltd. during the reporting period. The company achieves a fully autonomous, stable and efficient industrial chain to guarantee the supply of the company's upstream alumina, reduce operating risks caused by fluctuations in raw material prices, and ensure long-term stability of production and operation; at the same time, expand the company's business to the upstream core energy business, stabilize the supply source of coal, reduce reliance on procurement from outside the market, effectively hedge the operating risks caused by large fluctuations in coal prices, policy adjustments and other external factors, and ensure stable operating performance.