Shares of JIAXIN INTL RES (03858) plummeted 5.09% in intraday trading on Tuesday, as investors reacted to news of a significant share transfer and the company's recently released interim results.

According to data from the Hong Kong Stock Exchange, shareholders of JIAXIN INTL RES transferred shares worth HK$584 million, representing 4.43% of the company, from China International Finance Hong Kong Securities to HSBC Hong Kong on September 1. This substantial movement of shares may have sparked concerns among investors about potential changes in the company's ownership structure or future direction.

Adding to the market's unease, JIAXIN INTL RES reported mixed interim results for 2025. While the company generated revenue of HK$126 million, compared to nil in the same period last year, it still posted a loss attributable to equity holders of HK$5.996 million. Despite this loss narrowing by 90.6% year-on-year, the continued negative earnings appear to have dampened investor enthusiasm. The company's transition to commercial production of tungsten concentrate in April 2025 marks a positive development, but it seems the market is still cautious about the firm's path to profitability.