Shares of Lee & Man Chemical Co Ltd (00746.HK) surged 5.80% during intraday trading on Thursday, following the company's announcement of robust half-year financial results and a proposed interim dividend.

The chemical manufacturer reported a net income of HKD 327 million for the first half of the year, accompanied by revenue of HKD 1,932 million. These strong financial figures have likely boosted investor confidence in the company's performance and growth prospects.

Adding to the positive sentiment, Lee & Man Chemical also declared a proposed interim dividend of HK19.5 cents per share. This generous payout to shareholders appears to have further fueled the stock's upward momentum, as investors typically view dividend announcements favorably, especially when coupled with solid financial results.

The substantial price movement reflects the market's positive reaction to Lee & Man Chemical's financial health and shareholder-friendly policies. Investors will be keen to see if this upward trend continues as the company moves into the second half of the year.