HK Stock Market Move | XIMEI RESOURCES (09936) rose more than 8% after the earnings announcement, and is expected to grow its annual net profit to up to 200 million Chinese yuan.

XIMEI RESOURCES (09936) rose more than 8% after the announcement, reaching 6.82% as of the time of writing, at 14.4 Hong Kong dollars, with a trading volume of 5.3523 million Hong Kong dollars. On the news front, XIMEI RESOURCES reported a profit increase, expecting a net profit of 163 million to 200 million Chinese yuan for the year 2025, compared to 124 million Chinese yuan recorded in the previous year. The increase in net profit is mainly due to the increase in sales volume of tantalum and niobium metals and their products, leading to an increase in overall sales and profits. Public information shows that XIMEI RESOURCES is one of the few domestic enterprises in China with the processing capability of tantalum and niobium resources, with core products including tantalum oxide, niobium oxide, potassium tantalum fluoride, and more.