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LX Technology Group Limited logo

LX Technology Group Limited

2436.HK

HKSETechnologyComputer Hardware

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Latest quote

HK$22.32

−HK$0.18 · -0.80%

Aug 24, 3:20 PM HKT

2436.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

LX Technology Group Limited, a China-based enterprise established in 2004, delivers end-to-end device lifecycle management solutions. Headquartered in Shenzhen, People's Republic of China, its operations are divided into two main areas: Recycling Business and Device Subscription Services. Through its Recycling Business, LX Technology markets refurbished and de-commissioned information technology (IT) equipment to various resellers, utilizing both its exclusive quotation platform and external e-commerce channels. Additionally, its Device Subscription Services segment offers subscription-based access to devices and essential IT technical support, primarily catering to small and medium-sized enterprises (SMEs).

Industry
Computer Hardware
Sector
Technology
Headquarters
CN
CEO
Zuoxiong Hu
Listed since
Nov 24, 2022
Employees
950

Market position

Day range

Current HK$22.32

52-week range

Current HK$22.32

Open
HK$22.40
Previous close
HK$22.50
Volume
446.7K
0.89× average
Average volume
502.19K
Average daily volume
Market cap
7.88B HKD
Beta
2.23
Market reference 1
50-day average
HK$20.972
+6.43% above average
200-day average
HK$14.019
+59.21% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.77B CNY
P/E (TTM)
475.94×
P/B (TTM)
10.11×
P/S (TTM)
2.83×
EV / EBITDA
6.39×
Earnings yield
0.98%
Free cash flow yield
12.06%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
10.37%
Operating margin
0.48%
Net margin
0.57%
Return on equity
1.81%
Return on assets
0.74%
Return on invested capital
0.65%

Financial health

Debt / equity
1.15×
Current ratio
1.33×
Altman Z-score
5.48
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%0%-19%-39%Gross margin, FY2021: 14.52%Gross margin, FY2022: 11.98%Gross margin, FY2023: 8.23%Gross margin, FY2024: 8.28%Gross margin, FY2025: 10.37%Operating margin, FY2021: 1.24%Operating margin, FY2022: -2.55%Operating margin, FY2023: -6.09%Operating margin, FY2024: -2.27%Operating margin, FY2025: 0.48%Net margin, FY2021: -33.73%Net margin, FY2022: 6.01%Net margin, FY2023: -7.32%Net margin, FY2024: -2.40%Net margin, FY2025: 0.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.52%. Gross margin FY2022 11.98%. Gross margin FY2023 8.23%. Gross margin FY2024 8.28%. Gross margin FY2025 10.37%. Operating margin FY2021 1.24%. Operating margin FY2022 -2.55%. Operating margin FY2023 -6.09%. Operating margin FY2024 -2.27%. Operating margin FY2025 0.48%. Net margin FY2021 -33.73%. Net margin FY2022 6.01%. Net margin FY2023 -7.32%. Net margin FY2024 -2.40%. Net margin FY2025 0.57%.

Income trends

Revenue

2.39B CNY+0.84%

Operating income

11.37M CNY+65.17M CNY

Net income

13.54M CNY+70.5M CNY
Income trends across reported periods2.68B CNY1.54B CNY403.41M CNY−732.74M CNYRevenue, FY2021: 1.33B CNYRevenue, FY2022: 1.66B CNYRevenue, FY2023: 1.79B CNYRevenue, FY2024: 2.37B CNYRevenue, FY2025: 2.39B CNYOperating income, FY2021: 16.48M CNYOperating income, FY2022: −42.41M CNYOperating income, FY2023: −109.21M CNYOperating income, FY2024: −53.8M CNYOperating income, FY2025: 11.37M CNYNet income, FY2021: −448.7M CNYNet income, FY2022: 99.95M CNYNet income, FY2023: −131.27M CNYNet income, FY2024: −56.95M CNYNet income, FY2025: 13.54M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.33B CNY. Revenue FY2022 1.66B CNY. Revenue FY2023 1.79B CNY. Revenue FY2024 2.37B CNY. Revenue FY2025 2.39B CNY. Operating income FY2021 16.48M CNY. Operating income FY2022 −42.41M CNY. Operating income FY2023 −109.21M CNY. Operating income FY2024 −53.8M CNY. Operating income FY2025 11.37M CNY. Net income FY2021 −448.7M CNY. Net income FY2022 99.95M CNY. Net income FY2023 −131.27M CNY. Net income FY2024 −56.95M CNY. Net income FY2025 13.54M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.39B CNY2.37B CNY1.79B CNY1.66B CNY1.33B CNY
Cost of goods sold2.14B CNY2.18B CNY1.65B CNY1.46B CNY1.14B CNY
Gross profit248.13M CNY196.4M CNY147.63M CNY199.28M CNY193.14M CNY
Research and development21.89M CNY25.06M CNY25.49M CNY27.49M CNY18.28M CNY
Selling, general, and administrative218.33M CNY236.93M CNY230.9M CNY212.48M CNY68.88M CNY
Operating expenses236.76M CNY250.2M CNY256.84M CNY241.69M CNY176.65M CNY
Interest income1.9M CNY9.72M CNY6.09M CNY750K CNY669K CNY
Interest expense49.03M CNY47.56M CNY41.83M CNY42.43M CNY36.3M CNY
Depreciation and amortization266.22M CNY260.63M CNY270.16M CNY236.7M CNY193.34M CNY
Operating income11.37M CNY−53.8M CNY−109.21M CNY−42.41M CNY16.48M CNY
Net income13.54M CNY−56.95M CNY−131.27M CNY99.95M CNY−448.7M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.06-0.08-0.22-0.36Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2023, reported Aug 28, 2023: actual -0.151, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual -0.321, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0.14, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual -0.064, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 0.022, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.024, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.58B1.33B1.08B827.91MQ3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2023, reported Aug 28, 2023: actual 888.73M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual 1.07B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 1.01B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 1.52B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 1.22B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 1.42B HKD, estimate —, surprise —, Comparison unavailable.

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