Shares of LYGEND RESOURCE (02245) surged more than 12% during the trading session. At the time of writing, the stock was up 6.23% to HK$12.62, with a turnover of HK$37.80 million.

On June 26th, the company announced it had submitted application materials to the Shenzhen Stock Exchange for a proposed A-share issuance. Previously, the company disclosed that from January to May 2026, benefiting from the gradual commissioning of KPS production lines and a further increase in product sales prices, its operating scale continued to grow. For the six months ending June 30, 2026, the company is expected to achieve operating revenue of approximately RMB 24.5 billion to RMB 27.0 billion, representing a year-on-year increase of about 35.0% to 48.8%. Net profit attributable to owners of the parent company is forecast to be between approximately RMB 2.25 billion and RMB 2.50 billion, marking a year-on-year growth of about 57.3% to 74.8%.