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Lygend Resources & Technology Co., Ltd. Class H
(2245)
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Rating:67Neutral
Price Target:
HK$19.50
▲(6.15% Upside)
Action:Reiterated
Date:06/13/26
The score is primarily supported by attractive valuation (low P/E and high dividend yield). Offsetting this is mixed financial quality: strong growth and profitability, but elevated leverage and inconsistent cash conversion/volatile free cash flow. Technically, near-term momentum is positive, though the stock remains below key long-term moving averages.
Positive Factors
Strong Revenue Expansion
Strong and sustained revenue expansion indicates increasing commercial scale across the nickel value chain. Continued top-line growth can support operating leverage, deepen customer relationships, and provide a durable base for reinvestment in production and processing capacity.
Negative Factors
High Leverage
Material leverage increases financial risk and reduces flexibility when nickel markets or operating conditions weaken. A debt-to-equity ratio near 1.46 can constrain investment choices, increase sensitivity to financing costs, and make downturns more difficult to absorb.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Strong and sustained revenue expansion indicates increasing commercial scale across the nickel value chain. Continued top-line growth can support operating leverage, deepen customer relationships, and provide a durable base for reinvestment in production and processing capacity.
Read all positive factors
Lygend Resources & Technology Co., Ltd. Class H (2245) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$28.01B
Dividend Yield3.83%
Average Volume (3M)3.34M
Price to Earnings (P/E)5.8
Beta (1Y)0.98
Revenue Growth34.76%
EPS Growth66.30%
CountryHK
Employees15,453
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)1.84
Shares Outstanding550,694,300
10 Day Avg. Volume3,298,261
30 Day Avg. Volume3,337,386
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 Target
HK$20.00Price Target Upside8.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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 | 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
Positive
18.37
Price Trends
14.95
Positive
13.68
Positive
17.47
Positive
Market Momentum
1.08
Positive
60.06
Neutral
49.94
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 18.37 is above the 20-day moving average (MA) of 16.90, above the 50-day MA of 14.95, and above the 200-day MA of 17.47, indicating a bullish trend. The MACD of 1.08 indicates Positive momentum. The RSI at 60.06 is Neutral, neither overbought nor oversold. The STOCH value of 49.94 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$28.01B | 5.78 | 30.91% | 3.83% | 34.76% | 66.30% | |
66 Neutral | HK$441.73B | 14.22 | 31.60% | 2.65% | 25.06% | 72.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$320.00M | 38.84 | 1.58% | 0.90% | 2.31% | ― | |
46 Neutral | HK$36.74M | -0.11 | 336.15% | 1.39% | -42.50% | 19.00% | |
46 Neutral | HK$1.83B | 5.17 | 11.28% | 2.44% | -32.45% | ― | |
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 & 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...
Lygend Advances Plan for A Share Listing on Shenzhen Main Board
Jul 10, 2026
Lygend Resources Technology Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong under stock code 2245, operates in the resources and technology sector and is governed by a board comprising executive, non-executive, independent n...
Lygend Resources Wins Shenzhen A-Share Listing Committee Nod, Warns Deal Not Yet Certain
Jul 7, 2026
Lygend Resources Technology Co., Ltd. announced that the Listing Committee of the Shenzhen Stock Exchange has approved its proposed initial public offering and listing of A shares on the exchange’s Main Board. This marks a key milestone in ...
Lygend Resources Advances Plans for Shenzhen A-Share Listing
Jun 30, 2026
Lygend Resources Technology Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong under stock code 2245, operates in the resources and technology sector and is governed by a board comprising executive, non-executive, independent a...
Lygend Resources advances Shenzhen A share listing bid and issues 2026 profit forecast
Jun 26, 2026
Lygend Resources Technology has submitted its application documents, including an application proof prospectus, for a proposed A share offering on the Shenzhen Stock Exchange, marking a key step toward a dual listing alongside its Hong Kong-trade...
Lygend Resources Flags Sharp First-Half 2026 Profit and Revenue Growth
Jun 11, 2026
Lygend Resources Technology has announced a significant expansion in its operating scale from January to May 2026, driven by the successive commissioning of its KPS production lines and higher product selling prices. These developments have suppo...
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.