The Zhitong Finance App learned that Zhidao International (01220) rose more than 7%, a record high in recent years. Since November last year, it has surged 421%. As of press release, it has risen 7.61% to HK$0.09, with a turnover of HK$1 million.

According to reports, Zhidao International (Holdings) Co., Ltd. is an investment holding company in Hong Kong, China, which is mainly engaged in the trade of aluminum products. The company operates through three business segments. The Aluminum Products Trade Division is engaged in the business of selling aluminum products. The Construction Projects Division is engaged in the business of supplying aluminum products to construction projects. The company is also engaged in aluminum alloy door and window manufacturing business through its subsidiary.

Guojin Securities pointed out that domestic electrolytic aluminum production capacity is about to peak, focusing on trading opportunities under the mismatch between seasonal supply and demand. Consumption growth in emerging sectors such as demand-side photovoltaics and new energy vehicles will offset the decline in real estate demand. Supply and demand for electrolytic aluminum will maintain a tight balance pattern under supply constraints. The bank expects the aluminum price operating center to be the same as in 23, with an operating range of 17,000 to 20,000 yuan/ton, and the price center is expected to move further upward in 25 years.