HK Stock Market Move | ZHIHUI MINING (02546) rose over 6% in the afternoon as both the quantity and price of non-ferrous metal concentrates increased, with net profit soaring by 271% in the first half of the year.

ZHIHUI MINING (02546) rose over 6% in the afternoon. As of the time of writing, it is up 6.00%, trading at HKD 20.5, with a transaction volume of HKD 10.4742 million. In news, ZHIHUI MINING recently released its interim results, reporting a revenue of approximately RMB 278 million for the first half of the year, an increase of about 75.9% year-on-year; profit was RMB 98.88 million, a year-on-year increase of about 271.4%. The revenue growth was primarily due to the increase in total output and sales prices of non-ferrous metal concentrates, especially the prices of zinc, copper, and silver. The announcement stated that the company's production of non-ferrous metal concentrates significantly increased during this period, with actual production reaching 220,000 tons, a year-on-year increase of about 75.6%. Overall, the company achieved significant growth in the production and sales of non-ferrous metal concentrates, and further expanded its business layout in the non-ferrous metal sector by acquiring a 60% stake in Tibet Dachuan Mining Co., Ltd.