Zhixin Group Subsidiary Buys Sand and Gravel Residuals and Land Use Rights in Fujian

Zhixin Group Holding Limited ( (HK:2187) ) has provided an update.

Zhixin New Energy Technology (Longyan) Co., Ltd., a wholly owned subsidiary of Zhixin Group Holding Limited, has secured approximately 3.8 million cubic meters of sand and gravel residuals from a glass vein quartz mine in Yongding District, Longyan City, Fujian Province, following a successful public tender. The purchase, priced at about RMB4.62 million, follows earlier acquisitions of adjacent state-owned industrial land use rights in late 2025, intended for building factories and production lines to process and utilize these residuals, highlighting the group’s move to deepen its resource-based new energy operations and potentially enhance long-term production capacity and value from previously underutilized mining by-products.

The most recent analyst rating on (HK:2187) stock is a Hold with a HK$0.85 price target. To see the full list of analyst forecasts on Zhixin Group Holding Limited stock, see the HK:2187 Stock Forecast page.

More about Zhixin Group Holding Limited

Zhixin Group Holding Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Zhixin New Energy Technology (Longyan) Co., Ltd. in the People’s Republic of China. The group is engaged in new energy-related activities and industrial development, with a focus on utilizing mineral resources such as sand and gravel residuals associated with glass vein quartz mining to support factory construction and production lines for resource screening, extraction and comprehensive utilization.

Average Trading Volume: 680,076

Technical Sentiment Signal: Hold

Current Market Cap: HK$583.4M

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