Luyuan Group Holding (Cayman) Limited (2451) AI Stock Analysis

• Market Cap: HK$5.38B
• Dividend Yield: 1.19%
• Average Volume (3M): 398.14K
• Price to Earnings (P/E): 30.0
• Beta (1Y): -0.01
• Revenue Growth: 8.84%
• EPS Growth: 13.88%
• Country: HK
• Employees: 3,085
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.31
• Shares Outstanding: 426,667,000
• 10 Day Avg. Volume: 590,022
• 30 Day Avg. Volume: 398,140
• PEG Ratio: -0.80
• Price to Book (P/B): 1.89
• Price to Sales (P/S): 0.56
• P/FCF Ratio: -6.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: HK$15.00 ▲(22.95% Upside)

The overall stock score is driven by strong technical analysis, indicating bullish momentum, despite challenges in financial performance and valuation concerns. The lack of earnings call and corporate events data means these factors did not influence the score.

Positive Factors

Focused EV two‑wheeler product portfolio

Luyuan's concentrated product mix in electric scooters and bicycles aligns with long-term urbanization and green mobility trends. A focused portfolio supports scale in R&D, manufacturing and distribution, improving unit economics and competitive positioning over multiple quarters.

Sustainable gross and net profit margins

Consistent gross and net margins indicate structural pricing power or cost control in core manufacturing. Durable margins provide cash cushion to fund product development, dealer networks and after‑sales, supporting competitiveness despite cyclical demand changes.

Manageable leverage and stable ROE

Moderate leverage and stable ROE signal financial prudence and capacity to access capital if needed. This structural balance sheet resilience supports sustained investment in production capacity and distribution without extreme refinancing risk over the medium term.

Negative Factors

Declining free cash flow

A drop to negative operating cash flow and falling free cash flow is a structural concern: it reduces internal funding for capex, working capital and expansion. Continued weakness forces reliance on external financing, raising cost and execution risk over ensuing quarters.

Stagnant/declining revenue growth

Stagnant or slightly declining top-line growth undermines scaling benefits and may pressure margins long term. Without consistent demand expansion or new channels, investment returns fall and competitive position can erode versus faster-growing rivals in EV mobility.

Decreasing operating margins

Narrowing EBIT/EBITDA margins point to rising costs or pricing pressure that could persist. Structural margin compression reduces ability to fund R&D, dealer support and service networks, weakening long-term competitiveness unless efficiency or pricing improves.

Luyuan Group Holding (Cayman) Limited Business Overview & Revenue Model

Company Description

Luyuan Group Holding (Cayman) Limited, through its subsidiaries, engages in the design, research, development, manufacturing, and selling of electric two-wheeled vehicles in the People's Republic of China. It offers electric two-wheeled vehicles, such as electric motorcycles, electric mopeds, and electric bicycles; and special function vehicles, batteries, and other vehicle parts. The company was founded in 2003 and is headquartered in Jinhua, China.

How the Company Makes Money

Luyuan Group generates revenue primarily through the sale of its electric vehicles, including scooters and bicycles, which are sold directly to consumers and through various retail partners. The company also benefits from partnerships with local and international distributors, expanding its market reach and driving sales volume. Additionally, Luyuan may derive income from after-sales services, including maintenance and repairs, as well as from the sale of accessories and spare parts related to its vehicles. The growing global emphasis on sustainable transportation and increasing consumer acceptance of electric mobility solutions further bolster the company's revenue potential.

Luyuan Group Holding (Cayman) Limited Financial Statement Overview

Summary

Luyuan Group Holding demonstrates solid profitability and a stable balance sheet, but recent challenges in revenue growth and cash flow generation could impact future performance. The company needs to address operational efficiencies and cash flow management to sustain long-term growth.

Income Statement

The company shows a solid gross profit margin and consistent net profit margins over the years. However, recent revenue growth has been stagnant, with a slight decline in the latest year. EBIT and EBITDA margins have also decreased, indicating potential challenges in operational efficiency.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, suggesting manageable leverage. The return on equity has been stable, but the equity ratio indicates a lower proportion of equity financing, which could pose risks if liabilities increase.

Cash Flow

The cash flow statement reveals a concerning decline in free cash flow, with negative growth in the latest year. Operating cash flow has also turned negative, which may impact the company's ability to fund operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.63B	5.07B	5.08B	4.78B	3.42B	2.38B
Gross Profit	781.79M	665.01M	681.24M	561.33M	387.11M	286.22M
EBITDA	243.13M	169.30M	264.85M	222.43M	140.38M	110.01M
Net Income	160.88M	116.76M	145.61M	118.03M	59.26M	40.29M
Balance Sheet
Total Assets	5.38B	4.32B	3.86B	3.18B	2.67B	1.57B
Cash, Cash Equivalents and Short-Term Investments	2.32B	1.77B	1.95B	1.14B	811.00M	434.77M
Total Debt	1.29B	1.02B	650.72M	661.69M	671.92M	160.30M
Total Liabilities	3.80B	2.83B	2.33B	2.50B	2.11B	1.07B
Stockholders Equity	1.58B	1.50B	1.53B	679.84M	560.10M	501.70M
Cash Flow
Free Cash Flow	-340.49M	-436.49M	57.32M	276.17M	-201.72M	-96.25M
Operating Cash Flow	-46.73M	-3.12M	260.63M	509.89M	144.39M	-10.37M
Investing Cash Flow	-310.10M	-448.64M	-310.78M	-294.10M	-562.52M	-31.06M
Financing Cash Flow	-241.31M	12.91M	654.71M	-44.86M	464.85M	8.37M

Luyuan Group Holding (Cayman) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2451, the sentiment is Positive. The current price of 12.2 is below the 20-day moving average (MA) of 12.39, below the 50-day MA of 12.26, and above the 200-day MA of 9.78, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 55.40 is Neutral, neither overbought nor oversold. The STOCH value of 62.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2451.

Luyuan Group Holding (Cayman) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2451	72 Outperform	HK$5.38B	30.03	10.17%	1.19%	8.84%	13.88%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1585	60 Neutral	HK$33.51B	16.48	21.59%	1.83%	2.41%	-25.60%
1958	55 Neutral	HK$14.59B	-20.20	-1.14%	4.98%	-6.72%	-130.82%
9868	53 Neutral	HK$126.78B	-41.06	-9.03%	―	86.21%	51.50%
9863	49 Neutral	HK$57.92B	-86.87	-4.91%	―	139.96%	86.04%
9866	40 Underperform	HK$79.91B	-3.14	-297.21%	―	14.73%	2.81%

Luyuan Group Holding (Cayman) Limited Corporate Events

Luyuan Group Grants 28.7 Million RSUs to Staff and Marketing Service Providers

Luyuan Group Holding (Cayman) Limited has granted a total of 28,685,500 restricted share units under its post-IPO share scheme, representing about 6.99% of its issued share capital, to 252 grantees comprising employees and external marketing consultants. The award, priced at HK$12.30 per RSU versus a market price of HK$12.25 at the grant date, is aimed at incentivising and aligning key staff and service providers who support the development and execution of marketing strategies for the Luyuan brand, potentially strengthening the company’s human capital base and marketing capabilities to support its growth trajectory.

The most recent analyst rating on (HK:2451) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Luyuan Group Holding (Cayman) Limited stock, see the HK:2451 Stock Forecast page.