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    Non-energy minerals

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    Other metals/Minerals
Lygend Resources & Technology Co., Ltd. Class H

Lygend Resources & Technology Co., Ltd. Class H

HHKEX:2245
14.99
HKD
-1.92
(-11.35%)
35.54BMarket Cap
Mar 26Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.03
5
8.03
13.67
13.53
18.79
25.86
- -
Basic EPS, GAAP
0.36
0.34
0.71
1.3
0.68
1.14
1.84
- -
Free Cash Flow per Basic Share
-0.27
0.52
0.28
-1.42
-2.7
-0.96
1.08
- -
Dividend per Share
- -
0.12
0.54
0.05
0.3
0.61
0.9
- -
Book Value per Share
0.74
0.9
2.02
5.45
5.9
6.91
8.18
8.18
Tangible Book Value per Share
0.74
0.89
1.54
4.98
5.48
6.62
7.93
7.93
Basic Weighted Avg Shares
1,550
1,550
1,550
1,338
1,556
1,556
1,556
1,556
Sales/Revenue/Turnover
9,347
7,755
12,449
18,290
21,059
29,233
40,240
- -
Operating Margin (%)
9.13
10.13
8.67
18.14
9.44
13.35
14.4
- -
Depreciation Expense
214
53
88
473
665
998
1,439
- -
Net Income, GAAP
566
520
1,100
1,735
1,051
1,773
2,857
- -
Effective Tax Rate (%)
27.81
25.99
12.45
4.92
2.27
15.94
18.81
- -
Profit Margin (%)
6.05
6.71
8.83
9.49
4.99
6.07
7.1
- -
Working Capital
-163
-276
1,147
3,971
993
-1,199
2,332
2,332
LT Debt
3
2
3,598
3,932
6,822
5,960
9,975
9,975
Total Equity
1,147
1,392
5,174
12,028
13,485
17,683
20,919
20,919
Return on Invested Capital (%)
- -
19.44
18.18
21.87
8.8
11.5
13.03
- -
Return on Capital (%)
- -
21.83
16.32
4.84
4.17
3.12
4.18
- -
Return on Common Equity (%)
- -
41.05
48.56
29.88
11.91
17.78
24.33
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
7,892
10,728
8,640
LT Borrowings
5,950
5,651
9,972
LT Finance Leases
10
9
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,556
1,556
1,556
Market Capitalization
9,533
14,512
31,933

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
12,599
15,580
18,958
Cash, Cash Equivalents & STI
5,032
6,373
7,372
Accounts Receivable, Net
1,834
1,874
1,946
Inventories
3,368
4,396
5,311
Total Current Liabilities
13,798
17,898
16,626
Payables & Accruals
- -
- -
- -
ST Debt
7,892
10,728
8,640
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
93.14%
18.3%
Free Cash Flow
- -
-149.88%
-212.73%
Net Income, GAAP
- -
51.92%
61.15%
Sales/Revenue/Turnover
- -
39.81%
37.65%
Total Cash Common Dividend
- -
199.54%
46.97%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
21,059
2024
- -
- -
29,233
2025
- -
- -
40,240

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.68
2024
- -
- -
1.14
2025
- -
- -
1.84

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.3
2024
- -
- -
0.61
2025
- -
- -
0.9

Company Description

Company Profile APIChatGPT
CEO
Zhi Chun Hu
Full Time Employees
15,453
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Building C10, R&D Park Ningbo ZH China 315000
IPO Date
Dec 1, 2022
Website
lygend.com
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Business
Lygend Resources & Technology Co., Ltd. (2245.HK) operates as a leading provider along the full nickel industry chain, encompassing mining, trading, production, smelting, and equipment manufacturing for nickel products. The company produces and trades nickel ores, ferronickel, mixed hydroxide precipitate, and nickel-cobalt compounds; manufactures and exports smelting equipment including ferronickel furnaces, submerged arc furnaces, and electric arc furnaces; and provides technical support, logistics, shipping services, project management, industrial real estate, and new energy technology development. Founded in 2009 and headquartered in Ningbo, Zhejiang Province, China, Lygend conducts operations primarily in Mainland China and Indonesia, targeting battery manufacturing, new energy, and industrial metal sectors with approximately 11,969 to 13,731 employees. In recent developments, the company amended shareholder agreements and increased capital contributions to joint ventures such as ONC, MJM, CKM, and DCM in October 2024 to support Obi projects in Indonesia; entered supplementary and new mutual supply framework agreements with HG for nickel ore, production equipment, repair materials, and raw inputs through 2025; and continued expansions in nickel smelting capacity amid Indonesia's rising global share, as noted in first-half 2025 operations. Lygend listed H shares on the Hong Kong Stock Exchange in December 2022 and has mastered key processes like RKEF and HPAL since commencing nickel product fabrication in 2017. These strategic moves bolster its integrated chain from laterite nickel ore trading to high-value battery-grade outputs.