HK Stock Market Move | JIAXIN INTL RES (03858) rose more than 15%, with the stock price hitting a new high. The price of tungsten concentrate has exceeded the million level.

JIAXIN INTL RES (03858) surged more than 15%, reaching a high of HK$173 to hit a new historical high, with the stock price doubling within the year. As of the time of writing, it had risen by 15.11% to HK$172.9, with a trading volume of HK$3.67 billion. On the news front, according to data from Zhongtung Online, as of March 10, the price of tungsten concentrate has surpassed the million RMB per ton mark, with the price of ammonium paratungstate rising to 1.45 million RMB, and the price of tungsten powder reaching a high of 2.3 million RMB. Since 2026, the price of tungsten has risen by more than 110%, with a cumulative increase of about 600% since early 2025. Additionally, starting from March 9, JIAXIN INTL RES has been officially included in the Hong Kong Stock Connect program. Previously, JIAXIN INTL RES announced a profit, expecting the net profit attributable to equity holders of the company to be around HK$300 million to HK$340 million in 2025, turning from a loss to a profit year-on-year. This is mainly due to the fact that the group had not yet started operations in 2024, resulting in losses without any revenue. The group began commercial production in April 2025 and recorded income for the first time, turning the previous year's losses into profits.