Changes in Hong Kong stocks | Jiaxin International Resources (03858) rose more than 12% and made a profit of about HK$1.5 billion in the first half of the year, and plans to repurchase up to HK$200 million in shares in the second half of the year

The Zhitong Finance App learned that Jiaxin International Resources (03858) has increased by more than 12% and has increased by more than 30% this week. As of press release, it rose 9.99% to HK$56.15, with a turnover of HK$95.266,800.

According to the news, Jiaxin International Resources previously announced Yingxi. It is estimated that the net profit due to equity holders in the first half of 2026 is about HK$1.45 billion to HK$1.55 billion, which is a sharp reversal of losses over the previous year, mainly due to the fact that commercial production was just started in the same period last year, and production took less than 2 months; the average selling price of tungsten concentrate rose sharply during the current period. The company recently announced that it plans to use up to HK$200 million for share repurchase plans in the second half of the year.

Huaxin Securities believes that the production capacity of the company's Bakuta tungsten mine is climbing, and production is expected to continue to be released. Considering that the current tungsten price is much higher than the same period last year, the company's tungsten ore production is still expected to increase. Guojin Securities, on the other hand, said that the downward slope of tungsten prices is slowing down and turning into a stage of refining and stabilizing; expectations of tightening industry supply still exist. In the context of overseas strategic reserves, tungsten's priority may be higher; and the fundamentals of tungsten supply and demand are expected to resonate strongly.