Changes in Hong Kong stocks | Liqin Resources (02245) rose more than 4%, and the controlling shareholder plans to increase its holdings by no less than 100 million yuan, and the H share company is expected to benefit from the return of wet nickel profits

The Zhitong Finance App learned that Liqin Resources (02245) rose more than 4% in the intraday period. As of press release, it had risen 3.39% to HK$17.99, with a turnover of HK$865.47,800.

According to the news, recently, Liqin Resources announced that Liqin Resources, the controlling shareholder of the company, Liqin invests its wholly-owned subsidiary Matrix Resources with a total capital of about RMB 22.7481 million and increased its holdings of the company's H shares by a total of 1,547,200 shares through centralized bidding through the Shanghai Stock Exchange Shanghai-Hong Kong Stock Exchange system, accounting for about 0.09% of the company's total issued shares. Based on firm confidence in the company's future development and high recognition of long-term investment value to enhance investor confidence, Matrix Resources plans to continue to increase the company's H shares within 6 months of this increase, with a cumulative increase of not less than 100 million yuan (including the portion already increased).

Changjiang Securities released a research report saying that the nickel price center in Indonesia has already risen. Under Indonesian policy restrictions, nickel prices are expected to remain fluctuating between 16,000 and 20,000 US dollars/ton of metal. Profits in the nickel industry are skewed towards the mining side for a long time, looking for companies with mine-side cost advantages. The bank pointed out that Liqin Resources has become a leading enterprise with both production capacity and cost advantages in the nickel industry, and the company has now formed a total nickel smelting production capacity of 418,000 tons. The company was one of the first leading companies to start wet manufacturing in Indonesia. Currently, due to historically high sulfur prices suppressing profits, they are optimistic about the flexibility of wet method profit repair brought about by the extreme fall in sulfur prices in the next two years.