Lygend Resources & Technology (2245) investor relations material

Executive summary

• Q3 2026 revenue rose 8.19% YoY to RMB12.12bn, while net profit attributable to shareholders fell 5.96% to RMB581.1m; 9M revenue and attributable profit increased 26.22% and 62.31%, respectively.

• 9M operating cash flow declined 78.35% YoY to RMB1.16bn, while net financing cash flow increased to RMB4.73bn, supported by proceeds from the A-share IPO.

Financial highlights

• Q3 revenue was RMB12.124bn, up 8.19% YoY; net profit attributable to shareholders was RMB581.1m, down 5.96% YoY.

• Q3 adjusted net profit, excluding non-recurring items, was RMB577.0m, down 5.98% YoY; basic and diluted EPS were RMB0.37, each down 7.50%.

• 9M revenue was RMB37.493bn, up 26.22% YoY; net profit attributable to shareholders was RMB3.320bn, up 62.31%.

• 9M adjusted net profit, excluding non-recurring items, was RMB3.277bn, up 63.03% YoY; basic and diluted EPS were RMB2.13, each up 62.60%.

• 9M total net profit was RMB5.330bn versus RMB3.378bn a year earlier; operating profit was RMB6.777bn versus RMB4.300bn.

Key financial ratios and metrics

• Weighted average return on net assets was 4.10% for Q3, down 1.12 percentage points YoY; the 9M figure was 24.40%, up 6.54 percentage points.

• Total assets were RMB56.490bn at 30 September 2026, up 17.05% from year-end 2025; equity attributable to shareholders was RMB17.782bn, up 39.70%.

• 9M net cash from operating activities was RMB1.160bn, down 78.35% YoY; closing cash and cash equivalents were RMB10.185bn.