Chuangxin Industrial Group Holdings Limited (Ticker: 2788 HK) is a Chinese aluminum producer specializing in alumina refining and electrolytic aluminum smelting. The company plans to list on the Hong Kong Stock Exchange on November 24, 2025, offering 500 million shares at HKD 10.18-10.99, raising approximately HKD 5.5 billion (USD 708 million). At the midpoint, market capitalization would be approximately USD 2.72 billion.

Chuangxin ranked as China's twelfth-largest electrolytic aluminum producer in 2024 and operated the fourth-largest production base in North China. The company achieved 70% alumina self-sufficiency and 87% electricity self-sufficiency as of May 2025. According to the prospectus, proceeds will be allocated: "50%" for "R&D and Product capacity," "40%" for "Brand promotion and Business development," and "10%" for "Working capital and Strategic acquisitions". The IPO is jointly sponsored by China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited.