The company Jiaxin International Resources (03858), has released an announcement indicating that the group expects to achieve a net profit attributable to equity holders of the company of approximately HK$14.5 billion to HK$15.5 billion for the six-month period ending June 30, 2026. This represents a significant turnaround from the net loss of approximately HK$6 million attributable to equity holders recorded in the same period of 2025.

Based on currently available information, the profit for the relevant period is primarily attributable to the group's commercial mining and production of tungsten concentrate during that time. The substantial increase in net profit attributable to equity holders for the period stems from two main factors: (1) The group commenced commercial production in April 2025, meaning the comparable period in 2025 had less than two months of production, whereas the current period has achieved a full six months of production; and (2) Following the start of commercial production, the average selling price of tungsten concentrate rose significantly during the relevant period. The group is currently progressing its production and operations in an orderly manner according to its annual plan, with all previously disclosed matters also being steadily advanced.