Core Viewpoint - Jaxin International Resources (03858) has seen a stock price increase of over 6%, currently trading at HKD 36.88, with a trading volume of HKD 22.0075 million, driven by a tight market for tungsten concentrate and rising prices [1] Company Summary - Jaxin International Resources' core asset is the Bakuta tungsten mine, which has already commenced production and is expected to increase output in the future, benefiting from rising tungsten prices and potentially leading to rapid profit growth [1] Industry Summary - The tungsten concentrate market is experiencing a tight supply and strong pricing, with the price of 65% black tungsten concentrate reported at CNY 280,000 per standard ton, reflecting a week-on-week increase of 3.3% and a year-to-date increase of 95.8% [1] - The demand for tungsten is anticipated to grow due to several potential growth points, including its use in controlled nuclear fusion, where tungsten and its alloys are ideal candidate materials due to their excellent high-temperature performance, radiation resistance, and mechanical properties [1]

Core Viewpoint - Jiajin International Resources (03858) has seen a stock price increase of over 6%, currently trading at HKD 36.88, with a transaction volume of HKD 22.0075 million, driven by a tight market for tungsten concentrate and rising prices [1] Company Summary - Jiajin International's core asset is the Bakuta tungsten mine, which has already commenced production and is expected to increase output in the future, benefiting from rising tungsten prices and potentially leading to significant profit growth [1][1] Industry Summary - The tungsten concentrate market is currently characterized by a sellers' market, with a strong price performance. The price of black tungsten concentrate is reported at CNY 280,000 per standard ton, reflecting a week-on-week increase of 3.3% and a year-to-date increase of 95.8% [1] - The demand for tungsten is anticipated to grow due to several potential growth points, including its application in controlled nuclear fusion, where tungsten and its alloys are ideal materials due to their excellent high-temperature performance, radiation resistance, and mechanical properties [1][1]

Core Viewpoint - Jaxin International Resources (03858) has seen a significant stock price increase, rising nearly 250% from its IPO price of HKD 10.92 to a peak of HKD 38.16, driven by rising tungsten prices and strong market performance [1] Company Summary - Jaxin International Resources is a tungsten mining company based in Kazakhstan, with its core asset being the Bakuta tungsten mine, which is the largest open-pit tungsten mine globally [1] - The company has commenced production at its core asset and is expected to increase output in the future, benefiting from the rising tungsten prices [1] Industry Summary - Since March 2025, tungsten prices in China have been on a continuous upward trend, with a significant spike in August, reaching historical peaks in early September, resulting in a doubling of major tungsten product prices within the year [1] - The increase in tungsten prices is anticipated to lead to substantial profit growth for companies like Jaxin International Resources [1]

Core Viewpoint - The stock of Jiaxin International Resources (03858.HK) has increased by over 6%, indicating positive market sentiment towards the company [2] Group 1 - The stock price rose by 6.36%, reaching HKD 33.76 [2] - The trading volume amounted to HKD 98.6441 million [2]

Group 1 - The core viewpoint of the article highlights the significant increase in tungsten prices in China since March 2025, with a notable surge in August, reaching a historical peak in early September [1] - As of early September 2025, the price of 65% black tungsten concentrate rose from 143,000 yuan per ton at the beginning of the year to a peak of 288,000 yuan per ton, before slightly retreating to 271,000 yuan per ton, marking an approximate increase of 89.5% year-to-date [1] - The article mentions that Jaxin International Resources (03858) has seen its stock price rise over 6%, attributed to the favorable market conditions for tungsten [1] Group 2 - Jaxin International Resources' core asset is the Bakuta tungsten mine, which is the largest open-pit tungsten mine globally, possessing the highest designed tungsten production capacity among single tungsten mines [1] - 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, and a reserve of 68.4 million tons of tungsten ore with a grade of 0.206%, containing 14.08 thousand tons of WO₃ [1] - The company is expected to benefit from the rising tungsten prices, leading to a potential rapid growth in profits as production increases in the future [1]

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9月30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 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 不適用 第 2 頁 共 10 頁 v 1.1.1 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 (-) | | | 16,471,200 | | 0 | | | | 本月底結存 | | | 455,70 ...

格隆汇9月24日丨佳鑫国际资源(03858.HK)公告，根据香港法例第571W章证券及期货(稳定价格)规则第 9(2)条，公司宣布，全球发售的稳定价格期间已于2025年9月24日(星期三)即递交香港公开发售申请截止 日期后第30天)结束。 有关中国国际金融香港证券有限公司(稳定价格经办人)、其联属人士或代其行事的任何人士于稳定价格 期间进行的稳定价格行动载列如下：(1)于国际发售中超额分配合共16,471,200股股份，占根据全球发售 初步可供认购的发售股份总数约15%(于任何超额配股权获行使前)，该等股份由中国国际金融香港证券 有限公司(稳定价格经办人)或其联属人士根据借股协议借入的16,471,200股股份弥补；及(2)独家代表(为 其本身及代表其他国际包销商)于2025年8月28日(星期四)悉数行使超额配股权，涉及每股股份10.92港元 (即全球发售项下每股股份的发售价，不包括1%经纪佣金、0.0027%证监会交易徵费、0.00565%联交所 交易费及0.00015%会财局交易徵费)的合共16,471,200股股份，用于向恒兆归还中国国际金融香港证券有 限公司(稳定价格经办人)或其联属人士根据借股协议借 ...

Core Viewpoint - Jiaxin International Resources (03858) has announced the completion of the stabilization period for its global offering, which ended on September 24, 2025, following the submission of the public offering application in Hong Kong [1] Summary by Relevant Sections Stabilization Actions - During the stabilization period, a total of 16.4712 million shares were over-allocated in the international offering, representing approximately 15% of the total shares available for subscription before any exercise of the over-allotment option [1] - The exclusive representative exercised the over-allotment option in full on August 28, 2025, involving 16.4712 million shares at HKD 10.92 per share, to return the borrowed shares to China International Capital Corporation Hong Kong Securities Limited [1] - The stabilization agent did not engage in any buying or selling of shares in the market to stabilize the price during the stabilization period [1]

智通财经APP讯，佳鑫国际资源(03858)发布公告，全球发售的稳定价格期间已于2025年9月24日即递交 香港公开发售申请截止日期后第30天)结束。有关中国国际金融香港证券有限公司(稳定价格经办人)、其 联属人士或代其行事的任何人士于稳定价格期间进行的稳定价格行动载列如下： 在稳定价格期间，稳定价格经办人并无在市场上买卖任何股份以稳定价格。 (2) 独家代表(为其本身及代表其他国际包销商)于2025年8月28日悉数行使超额配股权，涉及每股股份 10.92港元的合共1647.12万股股份，用于向恒兆归还中国国际金融香港证券有限公司(稳定价格经办人) 或其联属人士根据借股协议借入的1647.12万股股份。 (1) 于国际发售中超额分配合共1647.12万股股份，占根据全球发售初步可供认购的发售股份总数约15% (于任何超额配股权获行使前)，该等股份由中国国际金融香港证券有限公司(稳定价格经办人)或其联属 人士根据借股协议借入的1647.12万股股份弥补; ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司對 本公告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公 告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Jiaxin International Resources Investment Limited 佳鑫國際資源投資有限公司 除本公告另有界定者外，本公告所用詞彙與佳鑫國際資源投資有限公司（「本公司」）刊發的日期 為2025年8月20日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告不會直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發或派發。本公告並不構成或組成在美國境內或於任何其他司法權區購買或認購證券的任何 要約或招攬的一部分。發售股份並無亦不會根據1933年美國證券法（經不時修訂）（「美國證券 法」）或美國任何州或其他司法權區的證券法登記，且不得在美國境內提呈發售、出售、質押或 以其他方式轉讓，惟在獲豁免遵守或毋須遵守美國證券法登記規定及符合任何適用的州證券法 的交易中進行者除外。本公司並無亦不擬在美國公開發售證券。發售股 ...