Lygend Resources & Technology Co., Ltd. Announces Strong Q1 2026 Results and Progress on A Share IPO

Key Highlights

• Robust Q1 2026 Financial Performance:
  Lygend Resources & Technology Co., Ltd. (“Lygend” or “the Company”) reported operating revenue of approximately RMB 10.5 billion for the three months ended March 31, 2026. This figure represents around 57.9% of the operating revenue (RMB 18.15 billion) recorded for the entire six months ended June 30, 2025.
• Significant Net Profit Growth:
  The net profit attributable to owners of the parent company for Q1 2026 reached approximately RMB 1.2 billion, which is close to the net profit of RMB 1.43 billion achieved in the six months ended June 30, 2025.
• KPS Production Lines Drive Expansion:
  The strong growth in both revenue and net profit is attributed to the successful commencement of production at the Company’s KPS production lines, enabling an increase in operating scale.
• Progress on A Share IPO:
  Lygend is actively progressing towards its proposed initial public offering (IPO) and listing of A shares on the Main Board of the Shenzhen Stock Exchange. The application proof of its A share prospectus has been published online, and the Company is currently preparing responses to enquiries from the Shenzhen Stock Exchange as part of the review process.

Detailed Developments

Lygend Resources & Technology Co., Ltd., a joint stock company incorporated in the People’s Republic of China and listed on the Hong Kong Stock Exchange (Stock Code: 2245), has disclosed its unaudited consolidated financial results for the first quarter of 2026. The Company’s continuous expansion of its production capacity, particularly with the KPS production lines coming online, has resulted in a substantial increase in both revenue and profitability during the quarter.

The Company’s revenue for Q1 2026 stands at RMB 10.5 billion, a significant achievement when compared to the previous half-year revenue of RMB 18.15 billion. Notably, the net profit attributable to shareholders reached RMB 1.2 billion, nearly matching the RMB 1.43 billion recorded for the previous six months. This demonstrates robust operational momentum and improved margins, likely driven by economies of scale and increased production efficiency.

In parallel to its strong financial performance, Lygend continues to move forward with its planned A share IPO on the Shenzhen Stock Exchange. The Company has already made public the draft prospectus for its A share offering, and is currently engaged in responding to regulatory enquiries from the exchange as part of the approval process.

Potential Price-Sensitive Information

• Substantial Earnings Growth: The sharp increase in both revenue and net profit for Q1 2026, achieved in just one quarter, may signal continued strong performance for the remainder of the year and could positively influence investor sentiment and the Company’s share price.
• A Share IPO Progress: The Company’s progress towards an A share listing on the Shenzhen Stock Exchange could enhance its capital base, increase market visibility, and potentially lead to a re-rating of its shares.

Note for Shareholders: The financial information disclosed is unaudited and subject to further review. Shareholders and potential investors are advised to exercise caution, as the figures have not yet been reviewed or audited by the Company’s auditors. The Company emphasizes that investment decisions should not be based solely on this preliminary information.

Board and Management

The announcement was made by the board of directors, chaired by Mr. CAI Jianyong. The board comprises executive directors (Mr. CAI Jianyong, Ms. FEI Feng, Mr. CAI Jianwei, and Mr. WANG Ling), one non-executive director (Mr. Lawrence LUA Gek Pong), three independent non-executive directors (Dr. HE Wanpeng, Ms. ZHANG Zhengping, Dr. WANG James Jixian), and an employee representative director (Mr. YU Weijun).

Disclaimer

The above article is a summary and analysis based on unaudited and preliminary financial information disclosed by Lygend Resources & Technology Co., Ltd. Investors are advised that these financial figures are subject to review and audit, and may be subject to change. This article does not constitute investment advice. Please exercise caution and consult your professional advisors before making any investment decisions.

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