Group 1 - Xinjiang Xinxin Mining (03833) shares rose over 8%, currently trading at HKD 1.48 with a transaction volume of HKD 18.66 million [1] - The company will hold a board meeting on August 29 to approve its interim results, expecting a consolidated revenue of approximately RMB 1.118 billion for the first half of the year, representing a year-on-year increase of about 4.9% [1] - The net profit attributable to shareholders is expected to be around RMB 71.8 million, showing a significant year-on-year decline of approximately 50.8%, primarily due to a drop in average selling prices of electrolytic nickel and increased production costs [1] Group 2 - According to Galaxy Futures, the nickel market is experiencing oversupply, with hidden inventories absorbing excess supply; July's significant imports did not disrupt domestic supply, and refined nickel spot prices remain stable [1] - In August, production of stainless steel and ternary materials is expected to increase month-on-month, providing support for primary nickel demand, while refined nickel may see improved transactions due to seasonal stocking [1] - Expectations for interest rate cuts in September may strengthen commodity indices, potentially allowing nickel prices to rebound on inflation expectations, although the upward space is limited, maintaining a wide fluctuation pattern [1]
新疆新鑫矿业尾盘涨超8% 公司盘后将发业绩 此前预计中期纯利同比腰斩