HK Stock Market Move | JIAXIN INTL RES (03858) rose more than 6% in the afternoon, with expected net profit attributable to shareholders for the mid-term period of approximately HK$1.45 billion to HK$1.55 billion.

JIAXIN INTL RES(03858) rose more than 6% in the afternoon, as of the time of writing, it rose 6.16% to HK$48.1, with a turnover of HK$102 million. On the news front, recently, JIAXIN INTL RES announced that the Group expects to achieve a net profit attributable to equity holders of the company of approximately HK$1.45 billion to HK$1.55 billion for the six months ending June 30, 2026, compared to a net loss attributable to equity holders of approximately HK$6 million for the same period in 2025, turning losses into profits. According to available information, the profit for the period is mainly due to the commercial mining and production of tungsten concentrates by the Group during the period. The significant increase in net profit attributable to equity holders for the period is due to two reasons: the Group started commercial production in April 2025, which was less than 2 months at that time, while the company achieved a production period of 6 months during the period; after commercial production, the average selling price of tungsten concentrates increased significantly during the period. Currently, the Group is steadily pushing forward production and operations according to annual plans, and all disclosed matters are also being steadily promoted.