HK Stock Market Move | Jiaxin International Resources (03858) surged more than 16% in the closing session. The annual net profit turned from loss to profit, earning more than 300 million Hong Kong dollars. Production capacity increased significantly after the implementation of the second phase of construction.

JIAXIN INTL RES (03858) surged more than 16% in the final trading session, with a 15.81% increase as of the time of writing, reaching HK$124.5 and a transaction volume of HK$598 million. In terms of news, JIAXIN INTL RES released its annual performance, reporting HK$1.063 billion in revenue and HK$305 million in profit, turning a profit from a loss compared to the previous year. Since starting commercial production and sales in April 2025, the company produced 5008 tons of tungsten concentrate and sold 4879 tons throughout the year. It is expected that production in 2026 can increase to around 9000 tons, and in 2027, with the operation of the second waste disposal project, the designed annual processing capacity is expected to reach 4.95 million tons per year, with stable production exceeding 13,000 tons per year after full production. Sinolink released a research report stating that the recent decline in tungsten prices is believed to be due to more traders taking profits, rather than a turning point in the fundamentals. Recently, Ganzhou City announced the launch of a special operation to crack down on illegal mining resources; in addition, with the background of increasing strategic reserves overseas, tungsten's priority may be higher. The supply and demand fundamentals of tungsten are expected to experience strong resonance.