On September 11, JIAXIN INTL RES fell 5.22% in regular trading, trading at 52.5 HKD/share, with turnover of approximately 26.45 million HKD.
On the news front, today marks the ex-dividend date for the company's interim dividend of 1.87 HKD per share, resulting in a technical downward adjustment to the stock price. The dividend is scheduled for distribution on November 11. Meanwhile, the broader Diversified Metals and Mining sector came under significant selling pressure, amplifying the decline. Among sector peers, ZIJIN MINING fell 6.86%, CMOC dropped 9.86%, MMG slid 9.46%, WANGUO GOLD GP declined 2.39%, and LYGEND RESOURCE lost 4.06%.
The company previously reported strong interim results for the first half, with revenue reaching 2.703 billion HKD, surging 2,039.9% year-over-year, while net profit attributable to shareholders hit 1.538 billion HKD, a significant turnaround from losses in the prior-year period. Output of 65% white tungsten concentrate exceeded 4,000 tonnes during the period, driven by higher tungsten prices. The company has also initiated a share buyback plan of up to 200 million HKD for the second half of the year.
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