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:76Outperform
Price Target:
HK$30.00
▲(20.87% Upside)
Action:ReiteratedDate:01/24/26
The score is primarily supported by strong financial performance on revenue growth and improving margins, plus strong bullish technicals with the price above key moving averages and positive momentum. The main constraint is weaker cash flow generation (no free cash flow in 2024 and prior negative free cash flow) alongside relatively elevated leverage; valuation is reasonable and provides additional support.
Positive Factors
Robust revenue growth
Sustained, high single‑digit to double‑digit revenue growth indicates expanding production scale and market penetration across the nickel value chain. This durable top‑line expansion supports reinvestment, bargaining power with suppliers, and long‑term capacity ramp plans.
Negative Factors
Weak cash flow generation
Persistent lack of free cash flow constrains internal funding for capex, debt reduction, and shareholder returns. Over months, reliance on external financing raises refinancing and liquidity risk, limiting strategic flexibility during commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue growth
Sustained, high single‑digit to double‑digit revenue growth indicates expanding production scale and market penetration across the nickel value chain. This durable top‑line expansion supports reinvestment, bargaining power with suppliers, and long‑term capacity ramp plans.
Read all positive factors
Lygend Resources & Technology Co., Ltd. Class H (2245) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$30.26B
Dividend Yield1.89%
Average Volume (3M)6.68M
Price to Earnings (P/E)2.5
Beta (1Y)0.78
Revenue Growth60.77%
EPS Growth100.45%
CountryHK
Employees11,969
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)2.85
Shares Outstanding550,694,300
10 Day Avg. Volume4,458,984
30 Day Avg. Volume6,683,307
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.89
Price to Sales (P/S)0.33
P/FCF Ratio-6.41
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
Lygend Resources & Technology generates revenue primarily through the extraction and sale of nickel and cobalt, which are sold to various industries, including the electric vehicle and battery manufacturing sectors. The company has established sig...
Lygend Resources & Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.50B | 29.23B | 21.06B | 18.29B | 12.45B | 7.76B |
| Gross Profit | 7.11B | 5.35B | 3.38B | 4.49B | 1.52B | 952.66M |
| EBITDA | 6.63B | 4.81B | 2.96B | 3.91B | 1.61B | 795.99M |
| Net Income | 2.61B | 1.77B | 1.05B | 1.74B | 1.10B | 520.16M |
Balance Sheet | ||||||
| Total Assets | 43.54B | 37.96B | 30.68B | 20.84B | 12.28B | 3.88B |
| Cash, Cash Equivalents and Short-Term Investments | 6.37B | 5.03B | 4.62B | 4.45B | 1.41B | 409.30M |
| Total Debt | 16.40B | 13.85B | 11.53B | 6.29B | 4.76B | 1.03B |
| Total Liabilities | 24.24B | 20.27B | 17.19B | 8.81B | 7.11B | 2.49B |
| Stockholders Equity | 11.59B | 10.76B | 9.19B | 8.48B | 3.14B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | 1.91B | -1.49B | -4.20B | -1.90B | 427.80M | 812.70M |
| Operating Cash Flow | 4.33B | 4.23B | 2.57B | 2.00B | 811.32M | 889.31M |
| Investing Cash Flow | -2.39B | -5.67B | -7.40B | -3.78B | -643.30M | -364.80M |
| Financing Cash Flow | -898.41M | 1.85B | 4.95B | 4.58B | 997.24M | -453.18M |
Lygend Resources & Technology Co., Ltd. Class H Technical Analysis
Negative
24.82
Price Trends
24.79
Negative
22.65
Negative
19.57
Negative
Market Momentum
-1.76
Positive
38.93
Neutral
59.06
Neutral
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 21.27, above the 50-day MA of 24.79, and above the 200-day MA of 19.57, indicating a bearish trend. The MACD of -1.76 indicates Positive momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 59.06 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$30.26B | 2.54 | 23.38% | 1.89% | 60.77% | 100.45% | |
67 Neutral | HK$4.16B | 18.42 | 4.72% | 6.84% | 160.79% | -28.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$1.95B | -15.63 | ― | ― | 10.29% | 47.66% | |
44 Neutral | HK$2.91B | 13.96 | -14.35% | ― | -31.35% | -71.37% | |
41 Neutral | HK$1.02B | -5.92 | -44.33% | ― | 2.05% | 27.51% | |
41 Neutral | HK$742.42M | -17.17 | -7.49% | ― | ― | -164.29% |
* Basic Materials Sector Average
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
19.45
10.44
115.87%
HK:0769
China Rare Earth Holdings
0.70
0.30
77.22%
HK:1205
CITIC Resources Holdings
0.53
0.22
71.52%
HK:1029
IRC
0.53
-0.23
-30.26%
HK:0159
Brockman Mining Ltd.
0.08
>-0.01
-8.05%
HK:1091
South Manganese Investment Limited
0.59
0.34
139.84%
Lygend Resources & Technology Co., Ltd. Class H Corporate Events
Lygend Refines Indonesian Project Structure With New US$505 Million Joint Venture BJL
Jan 13, 2026
Lygend Resources Technology has moved to refine the corporate and tax structure of its Indonesian hydrometallurgical slag treatment project through the creation of a new joint venture vehicle, BJL, under a shareholders’ agreement between it...
Lygend Resources & Technology Corrects Executive Pay Figure in 2024 Annual Report
Jan 2, 2026
Lygend Resources Technology has issued a clarification to its 2024 annual report, correcting the disclosed total remuneration of chairman and executive director Cai Jianyong for 2024 to RMB 25.177 million from the previously stated RMB 37.521 mil...
Lygend Resources Gains Shenzhen Exchange Acceptance for Proposed A Share Offering
Dec 31, 2025
Lygend Resources Technology has moved a step closer to a dual listing in mainland China, submitting application materials for an initial public offering of its A shares on the Main Board of the Shenzhen Stock Exchange and receiving formal accepta...
Lygend Resources Wins Shareholder Approval for Key Related-Party Transactions at EGM
Dec 19, 2025
Lygend Resources Technology Co., Ltd. announced the poll results of its extraordinary general meeting held on 19 December 2025 in Ningbo, confirming that all proposed ordinary resolutions related to historical related-party transactions were duly...
Lygend Resources & Technology Schedules EGM to Approve Related-Party Transactions
Dec 3, 2025
Lygend Resources Technology Co., Ltd. has announced an Extraordinary General Meeting (EGM) scheduled for December 19, 2025, to discuss and approve related-party transactions for the years 2022 to 2025. The meeting will address transactions with L...
Lygend Resources Announces EGM and Share Register Closure
Dec 2, 2025
Lygend Resources Technology Co., Ltd. has announced the closure of its register of members for an extraordinary general meeting (EGM) scheduled for 19 December 2025. This closure will take place from 16 December to 19 December 2025, during which ...
Lygend Resources & Technology Announces Proposed IPO on Shenzhen Stock Exchange
Nov 21, 2025
Lygend Resources Technology Co., Ltd. has announced its proposed initial public offering (IPO) and listing of A shares on the main board of the Shenzhen Stock Exchange. The company has confirmed that its related-party transactions for the years 2...
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.