On July 16, Jiaxin International Resources fell 5.12% in regular trading, trading at HK$46.56/share, with turnover of approximately HK$51.92 million. The stock resumed its downtrend following a technical rebound in the prior session.

On the news front, the company previously issued a positive profit alert forecasting interim net profit of approximately HK$1.45 billion to HK$1.55 billion, representing a turnaround from a net loss of approximately HK$6 million in the same period last year. However, the market has largely priced in this catalyst. Meanwhile, continued tungsten price declines combined with the official resumption of production at South Korea's Shangdong tungsten mine — with Phase 1 annual capacity of 2,300 tons of tungsten concentrate — have reinforced supply-side expansion expectations, further suppressing near-term tungsten price resilience.

The stock has retreated over 73% from its 52-week high of HK$176.20, with the current dynamic P/E ratio standing at approximately 74x. Market divergence on short-term tungsten price trajectory has widened considerably.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)