Changes in Hong Kong stocks | Jiaxin International Resources (03858) rose more than 6% in the afternoon, and the net profit attributable to shareholders for the medium term is expected to be about HK$1.45 billion to HK$1.55 billion

The Zhitong Finance App learned that Jiaxin International Resources (03858) rose more than 6% in the afternoon. As of press release, it had risen 6.16% to HK$48.1, with a turnover of HK$102 million.

According to the news, recently, Jiaxin International Resources announced that the Group expects to obtain a net profit of about HK$1.45 billion to HK$1.55 billion in the six months ending June 30, 2026, which is about HK$1.45 billion in net loss attributable to equity holders in the same period in 2025, turning a loss into profit.

According to currently available information, profits during the relevant period were mainly due to the Group's commercial mining and production of tungsten concentrate during the relevant period. The significant increase in net profit attributable to equity holders during the relevant period stemmed from the following two reasons: the Group commenced commercial operation in April 2025, and in the same period in 2025, the company achieved 6 months of production time; after commercial operation, the average selling price of tungsten concentrate rose sharply during the relevant period. Currently, the Group is promoting production and operation in an orderly manner according to the annual plan, and various disclosed matters are also being steadily promoted.