LX Technology Group (HKSE:02436) Selling, General, & Admin. Expense: HK$243 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02436 LX Technology Group Ltd HKSE:02436
60 GF Score
Price HK$18.40
GF Value HK$6.84
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is LX Technology Group Selling, General, & Admin. Expense?

LX Technology Group HKSE:02436 +0.22% 60 Selling, General, & Admin. Expense is HK$243 Mil as of Dec. 2025. GuruFocus rates HKSE:02436 with a GF Score™ of 60/100 and a GF Value™ of HK$6.84 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. LX Technology Group's selling, general, & admin. expense for the six months ended in Dec. 2025 was HK$126 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was HK$243 Mil.


LX Technology Group  (HKSE:02436) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


LX Technology Group Selling, General, & Admin. Expense Related Terms


LX Technology Group Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for LX Technology Group's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

LX Technology Group Selling, General, & Admin. Expense Chart

LX Technology Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial 191.51 237.28 252.55 252.96 241.19

LX Technology Group Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.88 120.19 114.37 125.60 117.01

HKSE:02436 vs DELL, ANET, SNDK: Selling, General, & Admin. Expense Comparison

For the Computer Hardware subindustry, LX Technology Group's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LX Technology Group Selling, General, & Admin. Expense vs Hardware Industry

For the Hardware industry and Technology sector, LX Technology Group's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where LX Technology Group's Selling, General, & Admin. Expense falls into.


HKSE:02436
60GF Score
LX Technology Group Ltd HKSE:02436
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LX Technology Group Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$243 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of HK$243 Mil mean?
LX Technology Group (HKSE:02436) has a Selling, General, & Admin. Expense of HK$243 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on LX Technology Group and its competitors.
Is LX Technology Group's Selling, General, & Admin. Expense too high?
LX Technology Group's current Selling, General, & Admin. Expense is HK$243 Mil. Overall, LX Technology Group has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LX Technology Group's Selling, General, & Admin. Expense compare to DELL and ANET?
LX Technology Group's Selling, General, & Admin. Expense of HK$243 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Hardware company?
A good Selling, General, & Admin. Expense depends on the Hardware industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on LX Technology Group and its competitors. LX Technology Group's current Selling, General, & Admin. Expense is HK$243 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LX Technology Group stock overvalued right now?
Based on GuruFocus' analysis, LX Technology Group (HKSE:02436) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.84, compared to a current price of HK$18.40 — trading 169% above its estimated fair value. The current Selling, General, & Admin. Expense is HK$243 Mil. LX Technology Group's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For LX Technology Group (HKSE:02436), the current Selling, General, & Admin. Expense is HK$243 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LX Technology Group (HKSE:02436) Overvalued in 2026?

Based on GuruFocus' analysis, LX Technology Group stock appears to be overvalued. The current stock price of HK$18.40 is trading 169% above its estimated GF Value™ of HK$6.84. GuruFocus considers LX Technology Group to be Significantly Overvalued.

Key valuation signals for HKSE:02436:

  • Selling, General, & Admin. Expense: HK$243 Mil
  • GF Value™: HK$6.84 vs. price of HK$18.40 (169% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LX Technology Group Business Description

Address 10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, Maling District, Futian District, Shenzhen, CHN
LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The service line of the company are the Device recycling business, Device subscription services and IT technical subscription services. from which the company earns maximum revenue from the Device recycling business.
60GF Score

Get the complete analysis for HKSE:02436

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$18.40
Price
HK$6.84
GF Value