On September 24, JIAXIN INTL RES fell 5.02% in regular trading, trading at 47.2 HKD/share, with turnover of approximately HKD 108 million. The stock has now declined for multiple consecutive trading sessions, with cumulative losses deepening significantly since mid-September.

The persistent weakness is primarily attributed to the resignation of Chairman, Executive Director, and Remuneration Committee member Liu Liqiang, effective September 15, citing other business commitments. Liu had long served as a core management figure at the company and had signed numerous key disclosure documents. Although the company emphasized that the departure would not affect the normal operations of the board and Liu confirmed no disputes or claims against the company, investor confidence has continued to erode. The remaining board includes Executive Directors Xie Wenbo and Qiu Huaizhi.

Notably, the company reported strong interim results on August 24, with revenue surging approximately 2,040% year-over-year to HKD 2.703 billion and net profit of HKD 1.538 billion, representing a turnaround from losses, driven by rising tungsten concentrate prices and increased production. Despite these robust fundamentals, the leadership vacuum at the chairman level has overshadowed positive earnings momentum, reflecting unresolved market concerns over management stability.

(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.)