【SMM Aluminium Flash News】The acquisition of 100% equity of Hongtuo Industrial by Hongchuang Holdings has been approved by the China Securities Regulatory Commission.

Published: Jan 8, 2026 13:36

Save

In December 2025, Hongchuang Holdings announced that its major restructuring plan to acquire 100% equity of Hongtuo Industrial for RMB 63.518 billion had been approved by the China Securities Regulatory Commission (CSRC) on December 31, 2025, and the transfer of the target assets was completed on January 5, 2026. Following this acquisition, Hongtuo Industrial will become a wholly-owned subsidiary of Hongchuang Holdings and be included in its consolidated financial statements, effectively reducing the proportion of related-party transactions for the listed company. The issue of competition within the same industry will also be resolved. Furthermore, profitability and asset size will be significantly improved. Both parties in this transaction belong to Weiqiao Group. Hongchuang Holdings has an annual production capacity of 200,000 tons of cast-rolled steel sheets, 200,000 tons of cold-rolled steel sheets, and 120,000 tons of aluminum foil. Hongtuo Industrial has an annual electrolytic aluminum production capacity of 6.459 million tons and an annual alumina production capacity of 19 million tons, accounting for 14.5% and 18.2% of the national total capacity, respectively. Its main business is the production and sales of electrolytic aluminum, alumina, and deep-processed aluminum products.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China's Secondary Aluminum Alloy Inventory Declines for Third Week, Down 5,600 mt WoW

[SMM Aluminum Alloy Flash] According to SMM statistics, China's social inventory of secondary aluminum alloy ingots decreased by 5,600 mt WoW to 53,100 mt this week, marking the third consecutive weekly decline. From a driving logic perspective, on the supply side, a shortage of invoices forced some enterprises to cut production, leading to a continuous tightening of circulating supply in the market. On the circulation side, trader shipments increased, driven by a combination of factors including a widening spot-futures price spread, downstream restocking on demand, and producers' active buybacks.

1 hour ago

2 hours ago

[SMM Daily Aluminum Billet Inventory in Two Regions]

According to SMM statistics, China's aluminum billet inventory: Guangdong's aluminum billet inventory stood at 40,000 mt, Wuxi's at 48,000 mt, totaling 88,000 mt, a decrease of 1,000 mt from the previous day.

2 hours ago

China's Aluminum Ingot Inventory Drops by 57,000 mt Week-on-Week to 1.255 Million mt

According to SMM statistics, as of June 18, China's aluminum ingot inventory in major consumption areas stood at 1.255 million mt, down 35,000 mt from Monday and down 57,000 mt WoW.

2 hours ago