On September 1, JIAXIN INTL RES fell 5.01% in regular trading, trading at HK$59.55/share, with turnover of approximately HK$78.47 million. The stock has retreated persistently since releasing its interim results on August 24, with cumulative losses widening significantly from pre-earnings levels.

The decline appears driven by profit-taking pressure following the company's mid-term earnings release. The results showed revenue of HK$2.703 billion, up 2,039.9% year-over-year, and net profit attributable to shareholders of HK$1.538 billion, a sharp turnaround from a prior-year loss. However, the figures largely matched the previously guided range of HK$1.45-1.55 billion, offering limited upside surprise. Meanwhile, tungsten concentrate prices have continued to fluctuate after retreating over 60% from the March peak, adding uncertainty to the second-half outlook.

Notably, the Diversified Metals & Mining sector traded broadly stable on the day, with ZIJIN MINING down 0.38%, WANGUO GOLD GP up 3.46%, CMOC up 0.18%, MMG up 2.27%, and ZHIHUI MINING up 1.64%, indicating the selloff is largely stock-specific rather than sector-wide.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)