HK Stock Market Move | LYGEND RESOURCE (02245) rises nearly 6%; A-share IPO subscription officially launches today; net profit for the first three quarters is expected to increase by more than 54%.

LYGEND RESOURCE (02245) rose nearly 6%, up 5.82% as of press time, at HK$17.46, with a turnover of HK$7.5951 million. On the news front, on September 18, LYGEND RESOURCE officially launched its subscription at an issue price of RMB21.23 per share, and is about to list on the Main Board of the Shenzhen Stock Exchange. This also marks new progress in the listing process of this nickel-cobalt industry chain company, which is pursuing an H-to-A listing. It is reported that LYGEND RESOURCE, as China's largest nickel ore trader, has a long-term stable supply of core upstream resources. Its nickel product trading volume ranked first globally in 2024, and it ranked second among globally stably operating hydrometallurgical nickel product production projects using HPAL technology. The prospectus shows that, benefiting from the rebound in nickel prices, the gradual release of newly built smelting capacity, and the continued expansion of downstream market demand, LYGEND RESOURCE expects its operating revenue for the first three quarters of 2026 to be RMB38 billion to RMB42 billion, a year-on-year increase of 27.93% to 41.40%; net profit attributable to the parent company to be RMB3.150 billion to RMB3.250 billion, a year-on-year increase of 54.00% to 58.89%.