On September 30, JINCHUAN INTL surged 47.01% in regular trading, trading at HK$0.94 per share, with turnover reaching HK$107 million. The sharp rally was driven by the official resumption of share trading following an approximately 18-month suspension.

The company announced on September 29 that it had fully completed all six resumption guidance requirements imposed by the Hong Kong Stock Exchange, with share trading restored from 9:00 a.m. on September 30. The stock had been suspended since March 28 of the prior year due to regulatory compliance issues including an independent forensic investigation and outstanding financial disclosures.

Significantly improved fundamentals further underpinned the rally. For the first half of the year, JINCHUAN INTL reported revenue of US$460 million, up 152% year-over-year, with shareholder-attributable profit surging 766% to US$47.8 million. Gross margin expanded to 36.4% from 21.1%, driven by rising copper prices and capacity expansion at the newly commissioned Musonoi mine, which contributed 16,336 tonnes of electrolytic copper sales. Adjusted EBITDA grew 205% to US$210 million.

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