JIAXIN INTL RES (03858) rose more than 7% during the morning trading session. By the time of writing, the stock was up 5.19%, trading at HK$111.5 with a turnover of HK$223 million. The company is scheduled to announce its annual results on March 25. It had previously issued a profit alert, anticipating a net profit attributable to equity holders of approximately HK$300 million to HK$340 million for 2025, marking a turnaround from a loss to a profit compared to the previous year. This shift is primarily due to the group not having commenced operations in 2024, resulting in a loss without any revenue generation. However, the group began commercial production in April 2025 and recorded revenue for the first time, leading to a profit for the past year. Notably, according to China Tungsten Online, Zhangyuan Tungsten announced its long-term procurement prices for the second half of March 2026: 55% black tungsten concentrate at 1,020,000 yuan per metric ton, 55% white tungsten concentrate at 1,019,000 yuan per metric ton, and ammonium paratungstate (national standard zero-grade) at 1,500,000 yuan per ton. All these prices showed an increase compared to the long-term procurement prices for the first half of March 2026. First Shanghai previously stated that JIAXIN INTL RES is a rare pure tungsten mining stock in the market.