The Zhitong Finance App learned that Ximei Resources (09936) rose more than 10% in early trading. As of press release, it rose 8.88% to HK$15.2, with a turnover of HK$10.124,900.

According to the news, Ximei Resources previously announced interim results. In the first half of the year, it achieved operating income of 1,453 billion yuan, an increase of 52.25% over the previous year, and achieved net profit of 185 million yuan, an increase of 101% over the previous year. China Investment Securities International said it is optimistic that the company, as one of the world's leading tantalum-niobium smelters, will fully benefit from structural demand dividends for computing power, optical modules, superconductivity, and aerospace.

Huaan Securities said that in the first half of 2026, due to the tightening of the supply of tantalum raw materials, superimposed AI servers, semiconductor targets, and aerospace superalloys, downstream demand continued to heat up, and tantalum prices rose sharply. The supply side of Brazilian niobium ore maintains a tight pattern, compounded by the rigid demand of the traditional ceramics and optical industries, and the continuous rise in demand for upstream raw materials for thin-film lithium niobate driven by AI high-speed optical communication, and the price of niobium remains high. Against the backdrop of this sharp rise in volume and price, the company's gross margin increased by 1.7 bp to 25.4% year-on-year.

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