HK Stock Market Move | JIAXIN INTL RES (03858) surges more than 6%, expected to turn loss into profit last year, with a maximum profit of up to HK$340 million.

JIAXIN INTL RES (03858) surged more than 6%, as of the time of writing, up 6.05% to HK$83.3, with a turnover of HK$34.1161 million. On the news front, on the evening of February 6, JIAXIN INTL RES announced that it expects the net profit attributable to equity holders for the year ended December 31 of approximately HK$300 million to HK$340 million, turning from a loss to a profit year-on-year. The announcement stated that the expected return to profit was mainly due to the group not being operational in 2024, resulting in losses with no revenue. The group started commercial production in April 2025 and generated income for the first time, starting to generate profits in the current year. It is worth mentioning that, according to Chinatungsten Online today, in the last trading week before the Spring Festival, the tungsten market continued its tight supply and higher price trend, with the price center moving up again. The market's focus is gradually shifting from transactions to post-holiday expectations. The price of 65% black tungsten concentrate is reported at 685,000 yuan/ton, up 48.9% from the beginning of the year; the price of ammonium paratungstate (APT) is reported at 1 million yuan/ton, up 49.3% from the beginning of the year.