Chuangxin Industries Expects Profit to More Than Double in H1
Chuangxin Industries (HKG:2788) expects net profit attributable to owners of about 2.2 billion yuan to 2.4 billion yuan for the first half, up 154% to 177% from a year earlier, according to a Friday Hong Kong bourse filing. The expected increase was mainly driven by higher selling prices for electrolytic aluminum products, a greater share of green electricity, which lowered production costs, and reduced financing costs following optimization of its financing structure.
Chuangxin Industries (HKG:2788) expects net profit attributable to owners of about 2.2 billion yuan to 2.4 billion yuan for the first half, up 154% to 177% from a year earlier, according to a Friday Hong Kong bourse filing.
The expected increase was mainly driven by higher selling prices for electrolytic aluminum products, a greater share of green electricity, which lowered production costs, and reduced financing costs following optimization of its financing structure.