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Lygend Resources & Technology Co., Ltd. Class H (HK:2245)
:2245
Hong Kong Market
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Lygend Resources & Technology Co., Ltd. Class H (2245) AI Stock Analysis

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HK:2245

Lygend Resources & Technology Co., Ltd. Class H

(2245)

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Outperform 70 (OpenAI - 4o)
Rating:70Outperform
Price Target:
HK$26.00
▲(17.97% Upside)
Lygend Resources & Technology Co., Ltd. Class H receives a solid score due to strong financial performance, particularly in revenue growth and profitability. The technical analysis supports a positive trend, and the valuation is attractive with a reasonable P/E ratio and dividend yield. However, concerns about cash flow management and high leverage slightly temper the overall score.

Lygend Resources & Technology Co., Ltd. Class H (2245) vs. iShares MSCI Hong Kong ETF (EWH)

Lygend Resources & Technology Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionLygend 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, and other products. It also manufactures and sells equipment. The company was founded in 2009 and is headquartered in Ningbo, China.
How the Company Makes MoneyLygend 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 significant partnerships with leading battery manufacturers and electric vehicle producers, securing long-term contracts that ensure consistent demand for its products. Additionally, Lygend's involvement in the recycling of lithium-ion batteries provides an additional revenue stream, capitalizing on the increasing need for sustainable resource management in the technology and energy sectors. The company's focus on innovation and sustainable practices also enhances its competitive advantage, contributing positively to its overall earnings.

Lygend Resources & Technology Co., Ltd. Class H Financial Statement Overview

Summary
Lygend Resources & Technology Co., Ltd. Class H shows strong revenue growth and profitability, with improved gross and net profit margins. However, the balance sheet reveals high leverage, and cash flow management is a concern due to negative free cash flows and reliance on financing activities.
Income Statement
85
Very Positive
Lygend Resources & Technology Co., Ltd. Class H has demonstrated robust revenue growth with a significant increase from 21.06 billion in 2023 to 29.23 billion in 2024, marking a 38.74% growth rate. Gross profit margin improved to 18.3%, and net profit margin stands at 6.06%, reflecting both operational efficiency and profitability. EBIT and EBITDA margins also show healthy levels at 14.35% and 15.86%, respectively, indicating strong core earnings capability.
Balance Sheet
70
Positive
The company maintains a moderate debt-to-equity ratio of 1.29, suggesting a balanced approach to leveraging. However, the equity ratio is at 28.35%, signifying a heavier reliance on liabilities to fund assets. Return on equity (ROE) is reasonably strong at 16.48%, indicating effective use of shareholder funds to generate earnings. Despite these strengths, the relatively high debt level poses a potential risk if not managed carefully.
Cash Flow
60
Neutral
Lygend Resources & Technology Co., Ltd. Class H shows challenges in cash flow management, with no free cash flow reported in 2024. Previous years indicate negative free cash flow, which could constrain future growth investments. The lack of operating cash flow in the latest year raises concerns about liquidity and operational cash generation. The company's reliance on financing activities for cash needs to be addressed for sustainable financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue36.50B29.23B21.06B18.29B12.45B7.76B
Gross Profit7.11B5.35B3.38B4.49B1.52B952.66M
EBITDA6.63B4.81B2.96B3.91B1.61B795.99M
Net Income2.61B1.77B1.05B1.74B1.10B520.16M
Balance Sheet
Total Assets43.54B37.96B30.68B20.84B12.28B3.88B
Cash, Cash Equivalents and Short-Term Investments6.37B5.03B4.62B4.45B1.41B409.30M
Total Debt16.40B13.85B11.53B6.29B4.76B1.03B
Total Liabilities24.24B20.27B17.19B8.81B7.11B2.49B
Stockholders Equity11.59B10.76B9.19B8.48B3.14B1.39B
Cash Flow
Free Cash Flow1.91B-1.49B-4.20B-1.90B427.80M812.70M
Operating Cash Flow4.33B4.23B2.57B2.00B811.32M889.31M
Investing Cash Flow-2.39B-5.67B-7.40B-3.78B-643.30M-364.80M
Financing Cash Flow-898.41M1.85B4.95B4.58B997.24M-453.18M

Lygend Resources & Technology Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price22.04
Price Trends
50DMA
20.25
Positive
100DMA
16.74
Positive
200DMA
12.40
Positive
Market Momentum
MACD
0.11
Positive
RSI
50.44
Neutral
STOCH
39.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2245, the sentiment is Positive. The current price of 22.04 is below the 20-day moving average (MA) of 23.34, above the 50-day MA of 20.25, and above the 200-day MA of 12.40, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 50.44 is Neutral, neither overbought nor oversold. The STOCH value of 39.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2245.

Lygend Resources & Technology Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$3.18B8.584.82%6.42%160.79%-28.92%
70
Outperform
HK$33.36B11.8324.57%1.70%60.77%100.45%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
$1.95B-15.6310.29%47.66%
51
Neutral
HK$2.25B-14.35%-31.35%-71.37%
41
Neutral
HK$664.53M-44.33%2.05%27.51%
36
Underperform
HK$1.07B-7.49%-164.29%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
22.38
14.43
181.51%
HK:0769
China Rare Earth Holdings
0.70
0.21
44.33%
HK:1205
CITIC Resources Holdings
0.39
<0.01
1.56%
HK:1029
IRC
0.52
-0.37
-41.77%
HK:0159
Brockman Mining Ltd.
0.11
0.01
10.68%
HK:1091
South Manganese Investment Limited
0.45
-0.02
-5.32%

Lygend Resources & Technology Co., Ltd. Class H Corporate Events

Lygend Resources Secures Framework Agreement for Engineering Services
Oct 17, 2025

Lygend Resources & Technology Co., Ltd. has entered into a framework agreement with Lygend Investment to ensure a stable supply of engineering construction services and materials. This agreement, effective from October 17, 2025, to December 31, 2027, aligns with the company’s strategy for continuous growth and flexibility, enhancing its market position by securing competitive terms. The transactions under this agreement are classified as continuing connected transactions, subject to specific reporting and review requirements under the Hong Kong Listing Rules.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources & Technology Announces Board Composition and Committee Structures
Oct 17, 2025

Lygend Resources & Technology Co., Ltd., a joint stock company incorporated in China, has announced the composition of its board of directors and their respective roles. The board consists of executive, non-executive, and independent non-executive directors, as well as an employee representative director. Additionally, the company has established four committees: Audit, Remuneration, Nomination, and ESG, each with defined terms of reference and specific members. This announcement highlights the company’s governance structure and the roles of its key personnel, which may impact its operational and strategic decisions.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources & Technology Co., Ltd. EGM Resolutions Passed with Strong Support
Sep 11, 2025

Lygend Resources & Technology Co., Ltd. held an Extraordinary General Meeting (EGM) on September 11, 2025, where all proposed resolutions were passed with overwhelming support. The resolutions included the approval and ratification of the HPL Deed of Guarantee and the NBSS Share Pledge, with nearly 100% of votes in favor. This outcome underscores strong shareholder support for the company’s strategic initiatives, potentially enhancing its operational capabilities and market positioning.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources Reports Strong Financial Growth in H1 2025
Aug 28, 2025

Lygend Resources & Technology Co., Ltd. reported significant financial growth for the first half of 2025, with revenue increasing by 66.8% and profit rising by 131.7% compared to the same period in 2024. Despite these gains, the company decided not to distribute an interim dividend, potentially indicating a strategic reinvestment focus to strengthen its market position.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources Announces Key Management Changes and Compliance Waiver
Aug 28, 2025

Lygend Resources & Technology Co., Ltd. announced a change in its joint company secretary, authorized representative, and process agent roles. Ms. Chan Yuen Mui resigned from these positions, and Mr. Chow Shing Lung has been appointed to take over her responsibilities. The company has also received a new waiver from the Stock Exchange for Mr. Cao Zheng, allowing him to continue serving as a joint company secretary with Mr. Chow’s assistance until May 2026. These changes are expected to ensure compliance with the listing rules and maintain the company’s operational stability.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources & Technology Co., Ltd. Announces Extraordinary General Meeting
Aug 25, 2025

Lygend Resources & Technology Co., Ltd. has announced an extraordinary general meeting scheduled for September 11, 2025, in Ningbo City, Zhejiang Province, China. The meeting will focus on approving and ratifying several resolutions, including the HPL Deed of Guarantee, the NBSS Share Pledge, and the Lygend Deed of Guarantee, with the aim of authorizing directors to execute necessary documents and actions to effectuate these transactions.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources Announces EGM and Register Closure
Aug 21, 2025

Lygend Resources & Technology Co., Ltd. has announced the closure of its register of members for an upcoming extraordinary general meeting (EGM) scheduled for September 11, 2025. This meeting will address the approval of financial assistance to a connected subsidiary, including the ratification of various deeds and share pledges. Shareholders must ensure their documents are lodged by September 5, 2025, to be eligible to attend and vote.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources & Technology Executes Key Agreements for Subsidiary Support
Aug 20, 2025

Lygend Resources & Technology Co., Ltd. has announced the execution of several agreements, including the NBSS Share Pledge, Lygend Deed of Guarantee, and Project Support Undertaking, to provide financial assistance to a connected subsidiary. This move is part of their strategic efforts to support subsidiary operations, potentially enhancing their market positioning and operational capabilities.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

Lygend Resources Announces Board Meeting for Financial Review
Aug 18, 2025

Lygend Resources & Technology Co., Ltd. has announced that its board of directors will hold a meeting on August 28, 2025, to review and approve the unaudited financial results for the six months ending June 30, 2025, and to consider an interim dividend recommendation. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, which could impact its market positioning and stakeholder interests.

Lygend Resources Engages in Strategic Financial Transactions to Bolster Subsidiary Operations
Aug 14, 2025

Lygend Resources & Technology Co., Ltd. has announced a series of financial transactions involving its subsidiaries and connected parties. The company has entered into multiple agreements to provide and receive financial assistance, including significant loan facilities and guarantees, to support its subsidiary KPS. These transactions are aimed at refinancing existing facilities and funding project costs, reflecting the company’s strategic financial maneuvers to strengthen its operational capabilities and market positioning. The transactions are classified as connected transactions under the Listing Rules, highlighting the intricate relationships between the company, its subsidiaries, and connected persons.

Lygend Resources Clarifies Share Disposal by Director
Aug 4, 2025

Lygend Resources & Technology Co., Ltd. issued a clarification regarding the disposal of 50,000 shares by Ms. FEI Feng, a shareholder and director. The company clarified that the share reduction was part of an employee shareholding platform and did not affect Ms. Fei’s direct ownership. Ms. Fei continues to support the company’s development and holds confidence in its future prospects.

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.Date of analysis: Oct 23, 2025