HK Stock Market Move | LYGEND RESOURCE (02245) rose nearly 7%. The full production of the Obi project will drive a steady increase in profitability. The mid-term results will be disclosed this Thursday.

LYGEND RESOURCE (02245) rose nearly 7%, and as of the time of writing, it is up 6.58%, priced at HKD 17.82, with a transaction volume of HKD 56.179 million. In terms of news, recently, LYGEND RESOURCE announced that the KPS project of the second phase of its RKEF project has achieved full production across all production lines. The full production of the KPS project signifies that all production lines of the Obi project have officially entered the stage of full operational capacity, and it now possesses and stably achieves a scalable production capacity of 400,000 metric tons of nickel per year. With the full production of the Obi project, the overall scale benefits of the company have been further released, laying a solid foundation for the company to deepen cost reduction and efficiency enhancement, optimize resource allocation, and improve core competitiveness, which will strongly promote the steady improvement of the company's profitability and industry influence. It is noteworthy that LYGEND RESOURCE will disclose its interim results on August 27. Previously, the company issued a profit forecast stating that from January to May 2026, benefiting from the gradual commissioning of the KPS production line and further increases in product selling prices, the company's operating scale continues to grow. The company expects that for the six months ending June 30, 2026, it anticipates revenue of approximately RMB 24.5 billion to RMB 27 billion, a year-on-year increase of approximately 35.0% to 48.8%; the net profit attributable to owners of the parent company is expected to be approximately RMB 2.25 billion to RMB 2.5 billion, a year-on-year increase of approximately 57.3% to 74.8%.