Group 1 - The core viewpoint of the article highlights that Jiexin International Resources (03858) has seen a significant increase in stock price, rising over 6% to 30.2 HKD, with a trading volume of 90.225 million HKD [1] - The tungsten market is experiencing a notable decrease in transaction volume due to high prices, which are slowly being transmitted to downstream industries, particularly affecting the hard alloy sector [1] - SMM indicates that the supply-demand mismatch in the tungsten market remains unresolved, suggesting that a significant price correction is unlikely, with a prevailing trend of strong fluctuations expected [1] Group 2 - Jiexin International is focused on tungsten mining in Kazakhstan, specifically developing the Bakuta tungsten mine, which is currently in production [1] - According to招商证券, the core asset of the company is the Bakuta tungsten mine, which is expected to see production increases in the future, benefiting from rising tungsten prices and potentially leading to rapid profit growth [1]

Group 1 - The core viewpoint of the article highlights that Jaxin International Resources (03858) has seen a significant increase in stock price, rising over 6% to 30.2 HKD, with a trading volume of 90.225 million HKD [1] - The tungsten market is experiencing a notable decrease in transaction volume due to high prices, which are affecting downstream industries, particularly the hard alloy sector, leading to reduced operational activity [1] - Despite the current market challenges, SMM believes that the supply-demand mismatch in the tungsten market remains unresolved, indicating that a significant price correction is unlikely, with expectations of continued strong fluctuations [1] Group 2 - Jaxin International is focused on developing the Bakuta tungsten mine in Kazakhstan, which is currently in production [1] - According to招商证券, the core asset of the company is the Bakuta tungsten mine, which is expected to see production increases in the future, benefiting from rising tungsten prices [1] - The company's profits are anticipated to grow rapidly as a result of the upward trend in tungsten prices [1]

Group 1 - The market anticipates a potential 50 basis points interest rate cut by the Federal Reserve, leading to strong performance in Asian stock markets [2] - The expectation of a rate cut is driving global funds to accelerate purchases of gold, with recommendations to focus on leading gold companies [2] - The strategic value of rare metals is increasing due to trade disputes and geopolitical conflicts, with a clear global monopoly pattern emerging in the rare earth industry [2] Group 2 - The strategic metals sector may undergo a value reassessment, with recommendations to focus on rare earth magnets and tungsten [3] - Key Hong Kong stocks related to the gold industry include Zijin Mining, Shandong Gold, and China National Gold International [4] - Key Hong Kong stocks related to rare earth magnets include Jien Mining and those related to tungsten include Jiahua International Resources [5]

Core Viewpoint - The stock price of Jaxin International Resources (03858) has increased by over 9%, currently trading at 32.8 HKD, driven by rising tungsten prices and strong performance expectations from its core asset, the Bakuta tungsten mine [1] Company Summary - Jaxin International Resources focuses on tungsten resource development in Kazakhstan, with the Bakuta tungsten mine being its core asset [1] - As of the first half of this year, the Bakuta tungsten mine has a resource volume of 107.5 million tons of tungsten ore, with a grade of 0.211%, containing 22.7 thousand tons of WO₃ [1] - The mine's reserves are reported at 68.4 million tons of tungsten ore, with a grade of 0.206%, containing 14.08 thousand tons of WO₃ [1] Industry Summary - Tungsten prices have significantly increased, with major tungsten product prices doubling compared to the average price in 2024 [1] - As of September 3, the price of 65% black tungsten concentrate reached 278,000 CNY per standard ton, reflecting a 94.4% increase since the beginning of the year [1] - The rising tungsten prices are expected to lead to substantial profit growth for companies like Jaxin International Resources, which are positioned to benefit from this upward trend [1]

Group 1 - The core viewpoint of the article highlights the significant increase in tungsten prices, with major tungsten product prices doubling compared to the average price in 2024 [1] - As of September 3, the price of 65% black tungsten concentrate reached 278,000 CNY per standard ton, marking a 94.4% increase since the beginning of the year [1] - The company, Jiexin International Resources, is focused on tungsten resource development in Kazakhstan, with its Bakuta tungsten mine having a resource volume of 107.5 million tons of tungsten ore and a grade of 0.211% [1] Group 2 - The Bakuta tungsten mine has a reserve of 68.4 million tons of tungsten ore with a grade of 0.206%, containing 140,800 tons of WO [1] - According to招商证券, the company's core asset, the Bakuta tungsten mine, is already in production, and there are expectations for future production increases [1] - The company is expected to benefit from rising tungsten prices, leading to a potential rapid growth in profits [1]

Core Viewpoint - Jiaxin International Resources (03858) announced the issuance of 16.4712 million ordinary shares due to the full exercise of the over-allotment option on September 2, 2025 [1] Company Summary - The company has exercised its over-allotment option, resulting in the issuance of a significant number of ordinary shares [1]

Group 1 - The company, Jiaxin International Resources (03858), announced the issuance of 16.4712 million ordinary shares due to the full exercise of the over-allotment option on September 2, 2025 [1]

呈交日期： 2025年9月2日 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 佳鑫國際資源投資有限公司 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 03858 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佳鑫國際資源投資有限公司 （「本公司」） 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03858 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 439,228,800 | | 0 | | 439,228,800 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 439,228,800 | | 0 | | 439,228 ...

Group 1 - The core point of the article highlights the recent stock transfer of Jiaxin International Resources (03858) from China International Capital Hong Kong Securities to HSBC Hong Kong, with a market value of HKD 584 million, representing 4.43% of the total shares [1] - Jiaxin International Resources reported a revenue of HKD 126 million for the first half of 2025, compared to no revenue in the same period last year [1] - The company recorded a loss attributable to equity holders of HKD 5.996 million, a significant reduction of 90.6% year-on-year, with a basic loss per share of HKD 0.0182 [1] - The group did not generate any revenue in previous periods and commenced commercial production in April 2025, leading to revenue generation from tungsten concentrate sales during the reporting period [1]