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Chuangxin Industries reported a sharp improvement in its first-half (H1) 2026 earnings, supported by higher aluminium prices, lower production costs and reduced finance costs. Revenue reached RMB 11.53 billion (USD 1.7 billion), while profit attributable to the company's owners rose to RMB 2.30 billion (USD 342 million), up about 166 per cent year on year.
{alcircleadd}The company said the stronger market was supported by rising demand from areas including artificial intelligence infrastructure, electric vehicles (EV) and renewable energy. In contrast, geopolitical tensions and higher energy costs continued to affect the aluminium market.
A major part of Chuangxin's strategy is its integrated aluminium production chain, covering energy, alumina refining and electrolytic aluminium smelting. The company says its own power generation and alumina capacity can meet its production needs, reducing its exposure to fluctuations in electricity and raw material prices.
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Energy is also becoming an important part of its cost and production strategy. In Inner Mongolia, Chuangxin had commissioned 1,040 MW of wind power and 110 MW of solar capacity. The company's wider renewable-energy programme is expected to raise the share of green electricity used in aluminium production to more than 50 per cent once completed.
The company is also expanding outside China. Its integrated 500,000-tonne-per-year aluminium project in Saudi Arabia, being developed with partners, has completed the required approvals and construction is underway. The project is expected to strengthen Chuangxin's international production base and give it greater access to overseas markets and energy resources.
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Chuangxin is also working to strengthen its upstream supply security through investments in alumina and mining assets. Alongside its production expansion, the company is investing in automation, digital manufacturing and energy-saving technologies to improve production efficiency and reduce energy use. It has also established a board-level ESG committee and published its first ESG report.
The combination of integrated production, greater use of renewable power and overseas expansion is becoming a central part of Chuangxin's aluminium strategy. Its first-half results show how these measures are supporting earnings as the company continues to expand its production and resource base.
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