LYGEND RESOURCE (02245) extended its rally with a gain exceeding 6% during Thursday's trading session. As of the time of writing, the stock was up 5.68% at HK$16.38, with turnover reaching HK$67.65 million.

On the news front, the China Securities Regulatory Commission has officially approved the initial public offering registration for Ningbo LYGEND RESOURCE Technology Co., Ltd. This approval marks a significant milestone, signaling that the global nickel industry leader's return to the A-share market has entered its implementation phase. The company plans to list on the Shenzhen Stock Exchange's main board, intending to raise approximately RMB 4.047 billion. The funds are primarily earmarked for a wet-process residue resource utilization demonstration project and an MHP refining production project.

Notably, the company's IPO filing materials include a voluntary profit forecast for the 2026 fiscal year. LYGEND RESOURCE projects full-year operating revenue of RMB 56.413 billion, representing a year-on-year increase of 40.14%. The company also anticipates net profit of RMB 6.001 billion, up 26.35% from the previous year. Additionally, the company recently issued a positive profit alert for the first half of the year, forecasting pre-tax profits between RMB 2.25 billion and RMB 2.50 billion, reflecting a year-on-year surge of approximately 57.3% to 74.8%.