HK Stock Market Move | XINXIN MINING (03833) rises nearly 7% again, with prices of electrolytic nickel and cathode copper increasing. It is expected that the net profit for the first half of the year will increase nearly 2.6 times.

XINXIN MINING (03833) rose nearly 7%, as of the time of writing, up 5.11% to HKD 1.85, with a turnover of HKD 493.81 million. On the news front, XINXIN MINING announced a profit increase, with the expected operating income for the first half of the year at approximately RMB 1.266 billion, a year-on-year increase of about 13.2%; net profit at RMB 257 million, a year-on-year increase of about 259.4%. The board believes that the significant increase in the group's operating performance compared to the same period last year is mainly due to the average selling prices of the group's electrolytic nickel, cathode copper, and other products rising compared to the same period last year. It is worth noting that XINXIN MINING recently announced that the company has received a notice from its controlling shareholder, Xinjiang Nonferrous, stating that they plan to undergo a strategic restructuring with Xinjiang Geological Exploration. Both parties are controlled by the Xinjiang State-Owned Assets Supervision and Administration Commission. The announcement states that this matter does not involve a major asset restructuring of the listed company, does not involve a change in the controlling shareholder or actual controller, and will not have a significant impact on the company's normal production and operation.