HK Stock Market Move | JIAXIN INTL RES (03858) rose over 11% after the performance, with mid-term shareholders' losses decreasing by 90.6% year-on-year. The company will continue to develop the Bakuta tungsten mine project.

JIAXIN INTL RES (03858) rose more than 11% after the performance report was released, rising 11.2% to 33.36 Hong Kong dollars, with a trading volume of 128 million Hong Kong dollars. On the news front, on August 31st, JIAXIN INTL RES released its mid-term performance for 2025, with revenue of 126 million Hong Kong dollars, compared to zero in the same period last year; the company's equity holders' loss amounted to 5.996 million Hong Kong dollars, a 90.6% decrease year-on-year; basic loss per share was 1.82 Hong Kong cents. The group did not generate any revenue in the past period. The group began commercial production in April 2025 and started generating revenue during the period, mainly from the sale of tungsten concentrates. In the second half of 2025, leveraging the group's rich tungsten resources and reserves, cost-effective production, and convenient location in Kazakhstan, the group plans to continue developing the Bakuta tungsten mine project into a world-class tungsten mining project. In particular, the group plans to integrate the ore sorting system into the existing mining process by 2027, increasing the target annual mining and mineral processing capacity of tungsten ore to 4.95 million tons. The group also plans to explore more investment opportunities in base metal resources in Central Asia.