On July 17, Jiaxin International Resources fell 6.17% in regular trading, trading at 44.32 HKD/share, with turnover of approximately 22.66 million HKD.

On the news front, the company previously issued a positive profit alert forecasting interim net profit of approximately 14.5 billion to 15.5 billion HKD, representing a turnaround from a net loss of approximately 6 million HKD in the same period last year. However, the market has fully digested this positive catalyst. Meanwhile, tungsten prices remain under downward pressure, compounded by South Korea's Shangdong tungsten mine officially resuming production with Phase 1 annual capacity of 2,300 tons of tungsten concentrate, further suppressing short-term tungsten price elasticity through increased supply expectations.

The stock has retreated significantly from its 52-week high of 176.20 HKD, with a current dynamic price-to-earnings ratio of approximately 74 times. The previous trading day's technical rebound failed to sustain momentum, as market divergence over near-term tungsten price direction widens, extending the correction that began in late June.

(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.)