Lygend Resources & Technology Co., Ltd. Class H (HK:2245)
:2245
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Lygend Resources & Technology Co., Ltd. Class H
(2245)
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Rating:60Neutral
Price Target:
HK$11.50
▼(-53.67% Downside)
Action:Downgraded
Date:05/08/26
The score is primarily supported by solid operating performance and revenue growth, but constrained by balance-sheet leverage and weak/volatile free cash flow. Technical signals are notably bearish and weigh on the score, while a reasonable P/E and moderate dividend yield provide partial offset.
Positive Factors
Revenue Growth
The company has delivered sustained top-line expansion (reported ~37.8% revenue growth) and a 'strong revenue expansion' trend into 2025. Persistent revenue growth supports scale, market share gains and long-term capacity to fund investment and absorb cyclical swings.
Negative Factors
High Leverage
Leverage is elevated (debt-to-equity ~1.46), reflecting materially higher debt since 2022. High leverage raises refinancing and interest-rate risk, reduces balance-sheet flexibility for investments or downturns, and amplifies the impact of cash-flow volatility on solvency.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The company has delivered sustained top-line expansion (reported ~37.8% revenue growth) and a 'strong revenue expansion' trend into 2025. Persistent revenue growth supports scale, market share gains and long-term capacity to fund investment and absorb cyclical swings.
Read all positive factors
Lygend Resources & Technology Co., Ltd. Class H (2245) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.01B
Dividend Yield1.89%
Average Volume (3M)6.68M
Price to Earnings (P/E)11.2
Beta (1Y)0.93
Revenue Growth37.79%
EPS Growth61.16%
CountryHK
Employees11,969
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)1.84
Shares Outstanding550,694,300
10 Day Avg. Volume4,458,984
30 Day Avg. Volume6,683,307
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)2.51
Price to Sales (P/S)0.79
P/FCF Ratio19.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.6
Revenue Forecast (FY)HK$42.88B
Lygend Resources & Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Lygend Resources & Technology Co., Ltd. engages in the production and trading of nickel products in China and internationally. The company's products include laterite ore, ferro-nickel, mixed hydroxide precipitate, nickel sulfate, cobalt sulfate, ...
How the Company Makes Money
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Lygend Resources & Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.24B | 29.23B | 21.06B | 18.29B | 12.45B |
| Gross Profit | 7.72B | 5.35B | 3.38B | 4.49B | 1.52B |
| EBITDA | 7.59B | 4.81B | 2.96B | 3.91B | 1.61B |
| Net Income | 2.86B | 1.77B | 1.05B | 1.74B | 1.10B |
Balance Sheet | |||||
| Total Assets | 48.28B | 37.96B | 30.68B | 20.84B | 12.28B |
| Cash, Cash Equivalents and Short-Term Investments | 9.84B | 5.03B | 4.62B | 4.45B | 1.41B |
| Total Debt | 18.63B | 13.85B | 11.53B | 6.29B | 4.76B |
| Total Liabilities | 27.35B | 20.27B | 17.19B | 8.81B | 7.11B |
| Stockholders Equity | 12.73B | 10.76B | 9.19B | 8.48B | 3.14B |
Cash Flow | |||||
| Free Cash Flow | 1.68B | -1.49B | -4.20B | -1.90B | 427.80M |
| Operating Cash Flow | 6.46B | 4.23B | 2.57B | 2.00B | 811.32M |
| Investing Cash Flow | -4.78B | -5.67B | -7.40B | -3.78B | -643.30M |
| Financing Cash Flow | 784.84M | 1.85B | 4.95B | 4.58B | 997.24M |
Lygend Resources & Technology Co., Ltd. Class H Technical Analysis
Negative
24.82
Price Trends
16.88
Negative
21.17
Negative
19.93
Negative
Market Momentum
-1.53
Negative
30.61
Neutral
8.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2245, the sentiment is Negative. The current price of 24.82 is above the 20-day moving average (MA) of 12.36, above the 50-day MA of 16.88, and above the 200-day MA of 19.93, indicating a bearish trend. The MACD of -1.53 indicates Negative momentum. The RSI at 30.61 is Neutral, neither overbought nor oversold. The STOCH value of 8.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2245.
Lygend Resources & Technology Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$17.01B | 11.17 | 23.30% | 1.89% | 37.79% | 61.16% | |
58 Neutral | HK$2.67B | 13.96 | -14.35% | ― | -51.79% | ― | |
56 Neutral | HK$4.48B | 18.43 | 4.72% | 6.84% | 57.56% | -70.23% | |
55 Neutral | HK$1.95B | -15.63 | ― | ― | ― | ― | |
46 Neutral | HK$958.46M | -5.92 | -44.33% | ― | 16.57% | -350.20% | |
41 Neutral | HK$733.14M | -17.17 | -7.49% | ― | ― | -16.00% |
* Basic Materials Sector Average
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
10.93
2.08
23.50%
HK:0769
China Rare Earth Holdings
0.70
0.30
75.00%
HK:1205
CITIC Resources Holdings
0.57
0.22
62.39%
HK:1029
IRC
0.50
-0.16
-24.13%
HK:0159
Brockman Mining Ltd.
0.08
-0.02
-18.56%
HK:1091
South Manganese Investment Limited
0.54
0.27
96.36%
Lygend Resources & Technology Co., Ltd. Class H Corporate Events
Lygend Resources & Technology Reports Strong Q1 2026 Growth Ahead of Shenzhen A-Share Listing
Apr 30, 2026
Lygend Resources Technology disclosed preliminary operating results for the first quarter of 2026 in connection with its proposed A-share IPO on the Shenzhen Stock Exchange, showing strong growth driven by the successive commissioning of its KPS ...
Lygend Resources Sets 2025 AGM to Approve Results, Pay Plan and 2026 Financing
Apr 30, 2026
Lygend Resources Technology has convened its 2025 annual general meeting for 22 May 2026 in Ningbo, where shareholders will review the 2025 directors’ and independent directors’ reports, approve the annual profit distribution plan, an...
Lygend Moves to Reassure Investors as Indonesian Nickel Policy Shifts
Apr 15, 2026
Lygend Resources Technology Co., Ltd., a Chinese nickel-focused resources and technology group, operates across procurement, production and sales, and has built a key international presence through its joint Obi Project in Indonesia. The company ...
Lygend Resources & Technology Posts Strong 2025 Profit Growth and Hikes Dividend
Mar 31, 2026
Lygend Resources Technology reported strong annual results for 2025, underscoring its growing scale in the resources and technology segment. The group generated revenue of RMB40.24 billion, reflecting robust demand for its resource-related produc...
Lygend Resources & Technology Reshuffles Company Secretarial Roles and Secures New Listing Rules Waiver
Mar 31, 2026
Lygend Resources Technology announced that joint company secretary, authorised representative and Hong Kong process agent Mr. Chow Shing Lung will resign with effect from 31 March 2026, with no disputes reported. He will be succeeded in all three...
Lygend Schedules March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
Lygend Resources Technology Co., Ltd. has scheduled a board meeting for 31 March 2026 to review and approve the audited financial results for the year ended 31 December 2025 and to authorize their publication. The board will also consider whether...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.