Ximei Resources (HKG:9936) expects an attributable profit of between 81.8 million yuan and 100 million yuan in the first half of 2025, up from 62.3 million yuan a year prior, a late Monday Hong Kong bourse filing said.
Shares of the tantalum- and niobium-based metallurgical products manufacturer were up over 12% in Tuesday afternoon trading.
The firm attributed the forecast to a higher revenue driven by a rise in sales volume and improved gross profit margins, as well as lower administrative and other operating expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.