LYGEND RESOURCE (02245) saw its shares climb more than 10% during the afternoon session, extending its monthly gain to over 40%. At the time of writing, the stock was trading up 10.39% at HK$18.60, with a turnover of HK$65.54 million.

The company plans to hold a board meeting on August 27 to approve its interim results. Earlier this month, the firm issued a positive profit alert, forecasting net profit of RMB 2.25 billion to RMB 2.50 billion for the first half of the year, 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, supported by the gradual commissioning of the KPS production line and higher product selling prices. Notably, the China Securities Regulatory Commission has officially approved the initial public offering registration for Ningbo LYGEND Resource Technology Co., Ltd. The company plans to raise approximately RMB 4.047 billion, primarily for a wet-process residue recycling demonstration project and an MHP refining production project.

The IPO filing includes a voluntary profit forecast for 2026. The company projects full-year revenue of RMB 56.413 billion, up 40.14% year-on-year, and net profit of RMB 6.001 billion, representing a 26.35% increase from the previous year.