HK Stock Market Move | LYGEND RESOURCE (02245) rose over 10% in the afternoon. The company will release its performance results next week, having previously expected a net profit growth of 50% to 70% in the first half of the year.

LYGEND RESOURCE (02245) rose over 10% in the afternoon, with a cumulative monthly increase surpassing 40%. As of the time of writing, it is up 10.39%, priced at HKD 18.6, with a trading volume of HKD 65.54 million. In terms of news, LYGEND RESOURCE plans to hold a board meeting on August 27 to approve its interim results. The company recently announced a profit alert for the first half of the year, expecting a pre-tax profit of HKD 2.25 billion to HKD 2.5 billion, representing a year-on-year increase of approximately 57.3% to 74.8%. From January to May, the company's operating scale continued to grow, benefiting from the gradual production of the KPS production line and further increases in product selling prices. Notably, the China Securities Regulatory Commission has officially approved the initial public offering registration of Ningbo LYGEND RESOURCE Technology Co., Ltd. The company plans to raise approximately HKD 4.047 billion, mainly for the wet smelting residue resource utilization demonstration project and the MHP refining production project. The IPO application materials include a voluntary profit forecast for 2026. The company expects full-year revenue of HKD 56.413 billion, a year-on-year increase of 40.14%, and a net profit of HKD 6.001 billion, a year-on-year increase of 26.35%.