The Zhitong Finance App learned that Liqin Resources (02245) rose nearly 6% in early trading. As of press release, it rose 3.14% to HK$21.04, with a turnover of HK$18.9361 million.

According to the news, Liqin Resources was listed on the main board of the Shenzhen Stock Exchange on September 30, marking the completion of the “A+H” dual capital platform layout by the leading global nickel industry chain. Liqin Resources said earlier that the net profit for the first three quarters is expected to be about 3.15 billion yuan to 3.25 billion yuan, up about 54.0% to 58.9% year on year; operating income is about 380.0 billion yuan to 42.0 billion yuan, up about 27.9% to 41.4% year on year.

According to the prospectus, Liqin Resources started with nickel product trade. After years of vertical integration in the industrial chain, it has formed an integrated business layout covering nickel product trade and nickel product production and sales. According to the Insight Consulting Report, in 2024, the company ranked first in the world in terms of nickel product trade volume, equivalent to 10.4% of the global nickel product market demand in that year; the company was also the largest supplier of nickel ore in China, with a market share of about 35.8%.

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