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Luyuan Group Holding (Cayman) Limited (HK:2451)
:2451
Hong Kong Market
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Luyuan Group Holding (Cayman) Limited (2451) AI Stock Analysis

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HK:2451

Luyuan Group Holding (Cayman) Limited

(2451)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
HK$13.50
â–²(10.66% Upside)
Action:Reiterated
Date:07/23/26
The score is driven primarily by mixed financial performance: strong 2025 revenue and net income improvement is offset by thin operating margins, a sharp rise in leverage, and volatile cash generation. Technicals are moderately constructive with price holding above key longer-term moving averages and a positive MACD, while valuation is middling given the ~23.9 P/E and ~1.06% dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion indicates growing product demand and market reach for Luyuan’s electric two-wheeled vehicles. Although the path was uneven, the 2025 rebound supports continued scale development across its branded dealer and retail distribution network.
Negative Factors
Thin operating profitability
Low operating and net margins leave limited protection against battery, motor, electronics, manufacturing, or distribution-cost increases. The sharp EBIT-margin decline versus 2023 also suggests pricing or cost pressure that could weaken earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion indicates growing product demand and market reach for Luyuan’s electric two-wheeled vehicles. Although the path was uneven, the 2025 rebound supports continued scale development across its branded dealer and retail distribution network.
Read all positive factors

Luyuan Group Holding (Cayman) Limited (2451) vs. iShares MSCI Hong Kong ETF (EWH)

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

Company Description
Luyuan Group Holding (Cayman) Limited, operating through its subsidiaries, specializes in the entire process of designing, researching, developing, manufacturing, and selling electric two-wheeled vehicles within the People's Republic of China. Its...
How the Company Makes Money
The company primarily makes money by selling electric two-wheelers under its brand portfolio. Revenue is generated mainly from (1) sales of electric motorcycles and electric bicycles through its distribution and retail channels, where the company ...

Luyuan Group Holding (Cayman) Limited Financial Statement Overview

Summary
Income statement shows meaningful long-term revenue growth with a strong 2025 rebound and higher net income, but profitability is thin (2025 gross margin ~13.8%, net margin ~3.0%, EBIT margin ~1.8%) and EBIT margin dropped sharply versus 2023, suggesting operating pressure. Balance sheet risk increased materially with debt-to-equity rising to ~1.49 in 2025, reducing flexibility. Cash flows are volatile: 2025 returned to positive OCF/FCF, but 2024 was negative and 2025 FCF is only ~0.49x net income, lowering cash-flow reliability.
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
45
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.75B5.07B5.08B4.78B3.42B
Gross Profit792.52M665.01M681.24M561.33M387.11M
EBITDA334.82M169.30M264.85M222.43M140.38M
Net Income170.57M116.76M145.61M118.03M59.26M
Balance Sheet
Total Assets5.09B4.32B3.86B3.18B2.67B
Cash, Cash Equivalents and Short-Term Investments2.24B1.77B1.95B1.14B811.00M
Total Debt2.50B1.02B650.72M661.69M671.92M
Total Liabilities3.42B2.83B2.33B2.50B2.11B
Stockholders Equity1.68B1.50B1.53B679.84M560.10M
Cash Flow
Free Cash Flow218.44M-436.49M57.32M276.17M-201.72M
Operating Cash Flow448.98M-3.12M260.63M509.89M144.39M
Investing Cash Flow-817.70M-448.64M-310.78M-294.10M-562.52M
Financing Cash Flow291.01M12.91M654.71M-44.86M464.85M

Luyuan Group Holding (Cayman) Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price12.20
Price Trends
50DMA
13.20
Negative
100DMA
12.22
Positive
200DMA
12.72
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
49.42
Neutral
STOCH
47.43
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 13.12, below the 50-day MA of 13.20, and below the 200-day MA of 12.72, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 47.43 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$25.56B9.1423.56%6.19%13.19%35.39%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
56
Neutral
HK$5.29B30.628.10%1.16%-3.17%-11.00%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2451
Luyuan Group Holding (Cayman) Limited
12.91
2.98
30.01%
HK:1585
Yadea Group Holdings Ltd.
8.56
-4.34
-33.62%

Luyuan Group Holding (Cayman) Limited Corporate Events

Luyuan Group Sets August Board Meeting to Approve Interim Results
Aug 14, 2026
Luyuan Group Holding (Cayman) Limited has scheduled a board meeting for August 26, 2026, to review and approve its interim results for the six months ended June 30, 2026. The board will also consider the publication of these results, the potential...
Luyuan Group Flags Up to 35% Profit Drop Amid Strategic Expansion and Industry Slowdown
Jul 28, 2026
Luyuan Group Holding (Cayman) Limited has warned that profit attributable to shareholders for the first half of 2026 will fall by up to 35% from the roughly RMB110 million recorded a year earlier, as industry demand undergoes a cyclical adjustment...
Luyuan Controlling Shareholders Grant Options for 9.75% Stake to New Investors
Jun 22, 2026
Luyuan Group Holding’s controlling shareholders Apex Marine Investments and Drago Investments have entered into separate agreements granting options over 20 million shares each to investors So Ching Tung and Sze Ching Lau at HK$9.00 per shar...
Luyuan Group Wins Strong Shareholder Backing for New Governance Charter at AGM
Jun 17, 2026
Shareholders of Luyuan Group Holding (Cayman) Limited have overwhelmingly approved a new memorandum and articles of association at the annual general meeting held in Jinhua, Zhejiang, with the special resolution receiving 100% of votes cast. The a...
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: Jul 23, 2026