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Lygend Resources & Technology Co., Ltd. Class H
(2245)
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Rating:68Neutral
Price Target:
HK$16.50
â–Ľ(-10.18% Downside)
Action:Reiterated
Date:09/13/26
The score is driven primarily by strong operating performance but tempered by high leverage and inconsistent free cash flow/cash conversion. Valuation is a key positive with a very low P/E and a healthy dividend yield. Technicals are mixed, with positive MACD but price still below longer-term levels and momentum indicators near neutral.
Positive Factors
Strong Revenue Growth
Revenue growth of 34.76% indicates that Lygend is expanding its nickel-related business and maintaining demand across its operating activities. Continued growth into 2025 supports greater scale, strengthens customer and market reach, and provides a foundation for sustaining earnings growth over the next several quarters.
Negative Factors
High Financial Leverage
Debt-to-equity of approximately 1.46, alongside materially higher debt since 2022, leaves Lygend more exposed to operating or nickel-cycle weakness. Elevated leverage can reduce financial flexibility, increase the importance of steady earnings, and constrain the company’s ability to fund growth without additional balance-sheet pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth of 34.76% indicates that Lygend is expanding its nickel-related business and maintaining demand across its operating activities. Continued growth into 2025 supports greater scale, strengthens customer and market reach, and provides a foundation for sustaining earnings growth over the next several quarters.
Read all positive factors
Lygend Resources & Technology Co., Ltd. Class H (2245) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$26.31B
Dividend Yield4.12%
Average Volume (3M)3.11M
Price to Earnings (P/E)5.3
Beta (1Y)1.36
Revenue Growth34.76%
EPS Growth66.30%
CountryHK
Employees16,137
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)2.66
Shares Outstanding550,694,300
10 Day Avg. Volume3,034,153
30 Day Avg. Volume3,113,293
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)3.38
Revenue Forecast (FY)HK$50.54B
Lygend Resources & Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Lygend Resources & Technology Co., Ltd., together with its subsidiaries, engages in the production, smelting, and trading of nickel products in Mainland China and internationally. The company offers nickel ores, ferronickel, mixed hydroxide precip...
How the Company Makes Money
Lygend Resources & Technology Co., Ltd. makes money primarily by selling nickel products produced and/or processed through its operational and supply-chain activities, and by earning margins from related trading of nickel-bearing raw materials and...
Lygend Resources & Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.11B | 40.24B | 29.23B | 21.06B | 18.29B | 12.45B |
| Gross Profit | 10.48B | 7.72B | 5.35B | 3.38B | 4.49B | 1.52B |
| EBITDA | 10.34B | 7.60B | 4.83B | 2.96B | 3.91B | 1.61B |
| Net Income | 4.13B | 2.86B | 1.77B | 1.05B | 1.74B | 1.10B |
Balance Sheet | ||||||
| Total Assets | 54.69B | 48.28B | 37.96B | 30.68B | 20.84B | 12.28B |
| Cash, Cash Equivalents and Short-Term Investments | 10.49B | 9.84B | 5.03B | 4.62B | 4.45B | 1.41B |
| Total Debt | 19.41B | 18.63B | 13.85B | 11.53B | 6.29B | 4.76B |
| Total Liabilities | 31.13B | 27.35B | 20.27B | 17.19B | 8.81B | 7.11B |
| Stockholders Equity | 14.00B | 12.73B | 10.76B | 9.19B | 8.48B | 3.14B |
Cash Flow | ||||||
| Free Cash Flow | 1.26B | 1.68B | -1.49B | -4.20B | -1.90B | 427.80M |
| Operating Cash Flow | 5.46B | 6.46B | 4.23B | 2.57B | 2.00B | 811.32M |
| Investing Cash Flow | -3.83B | -4.78B | -5.67B | -7.40B | -3.78B | -643.30M |
| Financing Cash Flow | -138.20M | 784.84M | 1.85B | 4.95B | 4.58B | 997.24M |
Lygend Resources & Technology Co., Ltd. Class H Technical Analysis
Negative
18.37
Price Trends
18.10
Negative
16.01
Positive
17.42
Negative
Market Momentum
-0.43
Positive
44.27
Neutral
58.04
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 18.37 is above the 20-day moving average (MA) of 18.15, above the 50-day MA of 18.10, and above the 200-day MA of 17.42, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 58.04 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$26.31B | 5.34 | 30.91% | 4.12% | 34.76% | 66.30% | |
68 Neutral | HK$329.39B | 9.68 | 32.65% | 3.54% | 38.53% | 62.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.28B | 5.38 | 11.28% | 2.44% | -32.45% | ― | |
55 Neutral | HK$256.00M | 30.86 | 1.58% | 0.90% | 2.31% | ― | |
45 Neutral | HK$44.76M | -0.12 | 336.15% | 1.39% | -42.50% | 19.00% | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | 0.99% | ― | ― |
* Basic Materials Sector Average
HK:2245
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Lygend Resources & Technology Co., Ltd. Class H Corporate Events
Lygend Resources Sets October Board Meeting to Approve Nine-Month Results
Oct 20, 2026
Lygend Resources Technology Co., Ltd. has scheduled a board meeting for 29 October 2026 to review and approve the unaudited quarterly results for the nine months ended 30 September 2026. The company also plans to publish these results, a key step...
Lygend Resources Sets Board Meeting to Approve Nine-Month Unaudited Results
Oct 20, 2026
Lygend Resources Technology has scheduled a board meeting for 29 October 2026 to review and approve the unaudited quarterly results of the company and its subsidiaries for the nine months ended 30 September 2026, followed by their public release....
Lygend Resources & Technology Details Board and Governance Structure
Sep 30, 2026
Lygend Resources Technology Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, operates in the resources and technology sector and is governed by a board that includes executive, non-executive, independent non-executive, and e...
Lygend Resources Formalizes Nomination Committee to Strengthen Governance
Sep 29, 2026
Lygend Resources Technology Co., Ltd. Class H, listed in Hong Kong and Shenzhen, has created a Nomination Committee under its board to oversee the selection and appointment of directors and senior management. The committee structure aligns with C...
Lygend Resources Forms Board‑Level Strategy and ESG Committee to Bolster Governance
Sep 29, 2026
Lygend Resources Technology Co., Ltd. has established a Strategy and ESG Committee under its board to strengthen long‑term strategic planning, major investment decision‑making and ESG oversight. The committee consists of three directo...
Lygend Resources & Technology Sets Out New Audit Committee Governance Framework
Sep 29, 2026
Lygend Resources Technology Co., Ltd. operates in the natural resources and technology sector through its consolidated subsidiaries, focusing on activities that require robust financial oversight and risk management. The group is listed on the Sh...
Lygend Resources & Technology Tightens Governance With New Remuneration Committee Charter
Sep 29, 2026
Lygend Resources Technology Co., Ltd. has established a Remuneration Committee under its Board of Directors to design and oversee a scientific, effective and transparent remuneration management system for directors and senior management. The comm...
Lygend Resources Completes Shenzhen A-Share Listing, Expands Dual-Market Footprint
Sep 29, 2026
Lygend Resources Technology Co., Ltd. has secured approval for an initial public offering of its A shares on the Main Board of the Shenzhen Stock Exchange, adding to its existing H-share listing in Hong Kong. The move further cements the company&...
Lygend Resources completes A share IPO on Shenzhen Stock Exchange
Sep 23, 2026
Lygend Resources Technology has advanced its dual-listing strategy by completing the initial public offering of its A shares on the Main Board of the Shenzhen Stock Exchange. The company will trade under the stock abbreviation Lygend Resources wi...
Lygend Sets Size and Price for Shenzhen A-Share IPO
Sep 16, 2026
Lygend Resources Technology Co., Ltd., a PRC-incorporated resources and technology company with H shares listed in Hong Kong under stock code 2245, is pursuing a dual-market presence by seeking an A-share listing on the Main Board of the Shenzhen...
Lygend Resources & Technology Starts Pricing Process for Shenzhen A Share IPO
Sep 9, 2026
Lygend Resources Technology Co., Ltd. has launched the preliminary price consultation for its proposed A share initial public offering on the Shenzhen Stock Exchange, with consultations scheduled in the PRC on 15 September 2026 to determine the f...
Lygend Resources & Technology Nearly Doubles Interim Profit on Margin Surge
Aug 27, 2026
Lygend Resources Technology reported a strong interim performance for the six months ended 30 June 2026, with revenue rising 39.8% year-on-year to RMB25.36 billion and gross profit jumping 79.6% to RMB6.43 billion. The gross profit margin expande...
Lygend Resources Sets August Board Meeting to Approve Interim Results and Dividend Plan
Aug 17, 2026
Lygend Resources Technology has scheduled a board meeting for 27 August 2026 to review and approve the unaudited consolidated results for the six months ended 30 June 2026 and to consider the publication of those interim figures. The board will a...
Lygend Resources Wins CSRC Nod for Planned Shenzhen A-Share Listing
Aug 7, 2026
Lygend Resources Technology has received approval from the China Securities Regulatory Commission for its proposed initial public offering of A shares on the Main Board of the Shenzhen Stock Exchange. This milestone advances the company’s p...
Lygend Reaches Full Capacity at Obi Island Nickel Smelting Projects
Aug 5, 2026
Lygend Resources Technology has announced that all production lines of the KPS project, Phase II of its RKEF nickel smelting project on Obi Island in Indonesia, have reached their designed production capacities as of August 1, 2026. The KPS proje...
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.