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Ascletis Pharma, Inc. (HK:1672)
:1672
Hong Kong Market

Ascletis Pharma, Inc. (1672) AI Stock Analysis

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HK:1672

Ascletis Pharma, Inc.

(1672)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
HK$14.00
▲(13.54% Upside)
Ascletis Pharma's stock score is primarily influenced by its strong technical momentum, despite financial challenges and a difficult valuation. The company's robust balance sheet offers some stability, but ongoing losses and negative cash flow are significant concerns.
Positive Factors
Balance sheet strength
A high equity ratio, low leverage and sizable cash reserves offer durable financial flexibility. This buffer supports continued R&D and clinical programs through cycles, reducing short-term refinancing risk and enabling strategic decisions without immediate need for dilutive capital.
Focused therapeutic pipeline
Concentration on HBV/HCV and oncology targets large, persistent unmet medical needs and regulatory pathways that can deliver long-term revenue streams if approved. A specialized pipeline creates durable competitive advantages via clinical expertise and targeted market positioning.
Multiple revenue streams
Diversified income sources (sales, partnerships, milestones, royalties) reduce sole reliance on one product launch. This structural mix enhances resilience: partnerships can provide non-dilutive funding and royalties create ongoing cash flow as products commercialize.
Negative Factors
Weak operating cash generation
Persistent negative operating and free cash flow indicate core operations do not self-finance. Over months this erodes cash reserves, limits ability to fund trials internally, and increases dependency on external financing or partnerships, raising execution risk.
Sustained negative profitability
Continued net losses and negative EBIT margins reflect that scale or cost efficiency has not been achieved. Long-term profitability is necessary to justify R&D spend; without margin improvement, sustained losses could force strategic retrenching or greater dilution.
Volatile / falling revenue trend
A steep, recent revenue decline signals commercialization or demand challenges, undermining predictability of future cash flows. Over a multi-month horizon this complicates financing, delays reinvestment in R&D, and increases reliance on non-operational funding sources.

Ascletis Pharma, Inc. (1672) vs. iShares MSCI Hong Kong ETF (EWH)

Ascletis Pharma, Inc. Business Overview & Revenue Model

Company DescriptionAscletis Pharma Inc., a biotechnology company, engages in the research and development, manufacture, marketing, and sale of pharmaceutical products in Mainland China and internationally. The company offers Ritonavir oral tablet, a pharmacokinetic booster of various oral antiviral drugs targeting viral proteases and a component of the approved oral antiviral drug Paxlovid; ASCLEVIR and GANOVO for the treatment of Hepatitis C virus. It is also developing ASC22 for treating chronic hepatitis B (CHB) and human immunodeficiency virus functional cure; ASC42 for chronic hepatitis B functional cure; ASC10 and ASC11 to treat COVID-19; ASC40, ASC41, ASC42, ASC43F FDC, ASC44F FDC, and ASC45F FDC for non-alcoholic steatohepatitis; and ASC42 for the treatment of primary biliary cholangitis. In addition, the company is developing ASC40 to treat recurrent glioblastoma, drug resistant breast cancer, and KRAS mutant non-small cell lung cancer; ASC61 and ASC63 for advanced solid tumors; ASC60 to treat solid tumors; and ASC40 for the treatment of acne, Ascletis Pharma Inc. was founded in 2013 and is headquartered in Hangzhou, the People's Republic of China.
How the Company Makes MoneyAscletis Pharma generates revenue through multiple streams, primarily from the commercialization of its proprietary drug products, including antiviral treatments for hepatitis and cancer therapies. The company also engages in strategic partnerships and collaborations with other pharmaceutical firms, which can provide upfront payments, milestone payments, and royalties based on sales of co-developed products. Additionally, Ascletis may receive funding through grants or investments aimed at supporting its research and development initiatives. These revenue streams are critical for funding ongoing clinical trials and expanding the company’s product pipeline.

Ascletis Pharma, Inc. Financial Statement Overview

Summary
Ascletis Pharma faces significant financial challenges with negative profitability and cash flow issues. However, a strong balance sheet with substantial equity and cash reserves provides some stability.
Income Statement
35
Negative
Ascletis Pharma's income statement reveals significant challenges in terms of profitability. The company has a negative net profit margin and EBIT margin, indicating ongoing operational and financial struggles. Despite an increase in total revenue in 2024, the company continues to incur substantial losses, and the revenue growth has been inconsistent over the years. The biotechnology industry often requires high R&D investments, which could explain the persistent negative earnings, but it poses a risk if this trend continues.
Balance Sheet
70
Positive
The balance sheet of Ascletis Pharma shows a strong equity base, with a high equity ratio indicating stability. The company has maintained a low level of debt relative to equity, which is a positive sign of financial prudence. However, the persistent net losses have not yet impacted the equity base severely. The company's large cash reserves provide a buffer against operational losses, though continued losses could eventually erode this financial cushion.
Cash Flow
40
Negative
The cash flow statements highlight a concerning lack of positive cash flow generation. Ascletis Pharma has struggled to generate operating cash flow, and free cash flow remains negative, indicating the company's difficulty in achieving self-sustaining operations. While cash reserves remain robust, the lack of cash flow from core operations suggests potential liquidity issues if the trend continues without improvements in operational efficiency or revenue generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.36M1.28M56.60M54.09M76.88M35.00M
Gross Profit856.00K735.00K25.99M-24.69M39.17M-23.50M
EBITDA-408.21M-390.45M-126.09M-284.50M-169.35M-181.94M
Net Income-258.57M-300.94M-144.72M-314.84M-199.02M-209.24M
Balance Sheet
Total Assets2.00B2.12B2.49B2.66B2.83B3.07B
Cash, Cash Equivalents and Short-Term Investments1.80B1.95B2.30B2.48B2.50B2.71B
Total Debt4.27M7.63M8.42M4.24M2.75M1.59M
Total Liabilities129.00M158.41M148.94M117.16M100.89M85.42M
Stockholders Equity1.87B1.97B2.34B2.54B2.73B2.98B
Cash Flow
Free Cash Flow-313.25M-343.73M-163.32M-156.85M-154.13M-123.87M
Operating Cash Flow-311.15M-341.58M-144.16M-142.45M-146.93M-84.91M
Investing Cash Flow1.62B978.91M149.84M-1.30B-274.49M132.30M
Financing Cash Flow-72.54M-103.51M-81.50M-1.42M-31.10M-21.67M

Ascletis Pharma, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price12.33
Price Trends
50DMA
13.38
Positive
100DMA
12.07
Positive
200DMA
10.82
Positive
Market Momentum
MACD
0.23
Negative
RSI
55.46
Neutral
STOCH
43.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1672, the sentiment is Positive. The current price of 12.33 is below the 20-day moving average (MA) of 13.18, below the 50-day MA of 13.38, and above the 200-day MA of 10.82, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 55.46 is Neutral, neither overbought nor oversold. The STOCH value of 43.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1672.

Ascletis Pharma, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
HK$31.14B34.9927.37%2.57%18.79%
54
Neutral
HK$13.69B-48.42-12.74%-76.58%-4.90%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
44
Neutral
HK$8.96B-15.59-42.46%1219.19%25.15%
44
Neutral
HK$2.40B-3.40-129.05%-18.99%
40
Underperform
HK$8.66B-41.39-21.42%240.05%-140.09%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1672
Ascletis Pharma, Inc.
13.80
9.79
244.14%
HK:2157
Lepu Biopharma Co. Ltd. Class H
4.66
1.77
61.25%
HK:2171
CARsgen Therapeutics Holdings Ltd.
15.50
5.42
53.77%
HK:2179
Jiangsu Recbio Technology Co., Ltd. Class H
5.01
-3.34
-40.00%
HK:2696
Shanghai Henlius Biotech, Inc. Class H
57.30
40.32
237.46%
HK:6955
Shandong Boan Biotechnology Company., Limited. Class H
8.33
-0.37
-4.25%

Ascletis Pharma, Inc. Corporate Events

Ascletis Reports Positive Long-Term Phase III Safety Data for First-in-Class Oral Acne Drug Denifanstat
Jan 29, 2026

Ascletis Pharma has reported positive topline data from a Phase III open-label, multicenter study in China evaluating its first-in-class, once-daily oral fatty acid synthase inhibitor denifanstat (ASC40) in 240 patients with moderate-to-severe acne vulgaris, showing a favorable long-term safety and tolerability profile over 40 weeks with mostly mild to moderate treatment-emergent adverse events and no drug-related serious or grade 3/4 adverse events or deaths. Combined with previously disclosed Phase III placebo-controlled efficacy data, these results strengthen the case for denifanstat as a potentially breakthrough acne therapy that directly targets sebum overproduction and inflammation, and follow the recent acceptance of the drug’s New Drug Application by China’s National Medical Products Administration, potentially enhancing Ascletis’s dermatology pipeline value and competitive positioning in the Chinese acne treatment market.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Starts U.S. Phase II Diabetes Trial of Oral GLP-1 Drug ASC30 After Strong Obesity Data
Jan 26, 2026

Ascletis Pharma has begun dosing the first participants in a 13-week, randomized Phase II trial in the U.S. to evaluate its oral small molecule GLP-1 receptor agonist ASC30 for the treatment of type 2 diabetes, with topline data expected in the third quarter of 2026. The move follows a recently completed 13-week U.S. Phase II obesity study, in which once-daily ASC30 tablets achieved up to 7.7% placebo-adjusted weight loss with favorable gastrointestinal tolerability and a low discontinuation rate, reinforcing the drug’s potential best-in-class profile and supporting Ascletis’s strategic push into the sizeable diabetes market.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Advances Next-Generation Once-Monthly Triple Agonist ASC37 for Obesity Into Clinical Pathway
Jan 20, 2026

Ascletis Pharma has selected ASC37, a next-generation, once‑monthly, subcutaneously administered GLP‑1R/GIPR/GCGR triple peptide agonist, as a clinical development candidate for obesity and plans to file an Investigational New Drug application with the U.S. FDA in the second quarter of 2026, with Phase I initiation targeted for the second half of 2026. Discovered and engineered in-house using Ascletis’ AI-enabled and ultra‑long‑acting technologies, ASC37 has shown markedly higher in vitro potency and a roughly 17‑day observed half-life in non-human primate studies—about seven times longer than retatrutide—supporting monthly dosing and potential manufacturing scalability advantages, and is also being positioned for use alone or in combination with the company’s other once‑monthly peptide candidates to address obesity, diabetes and broader cardio‑metabolic diseases, bolstering Ascletis’ ambitions in the competitive metabolic therapeutics market.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Wins FDA Green Light for Phase II U.S. Diabetes Trial of Oral GLP-1 Drug ASC30
Jan 5, 2026

Ascletis Pharma has received U.S. FDA Investigational New Drug clearance to launch a 13-week Phase II clinical trial of its oral small molecule GLP-1 receptor agonist ASC30 in participants with type 2 diabetes, with enrollment of about 100 U.S. patients expected to start in the first quarter of 2026. The randomized, double-blind, placebo-controlled, multi-centre study will assess changes in HbA1c as the primary endpoint, alongside fasting blood glucose, body weight, and safety, positioning ASC30 as a potential entrant in the sizeable diabetes treatment market. The decision follows a completed 13-week U.S. Phase II trial in obesity and overweight patients where ASC30 achieved up to 7.7% placebo-adjusted weight loss with favourable gastrointestinal tolerability and low discontinuation rates, reinforcing Ascletis’ bid to compete in the increasingly crowded GLP-1 space and potentially broaden its presence in global metabolic disease therapeutics.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma Upsizes Share Repurchase to HK$500 Million Amid Drug Development Success
Dec 16, 2025

Ascletis Pharma Inc. has announced an increase in its share repurchase program from HK$300 million to HK$500 million, citing the undervaluation of its stock and significant recent achievements in drug development. The company aims to enhance shareholder value and demonstrate confidence in its long-term growth prospects, with the repurchase funded by internal resources and conducted in compliance with relevant regulations.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma Reports Positive Phase I Results for ASC50
Dec 15, 2025

Ascletis Pharma Inc. announced positive topline results from its U.S. Phase I study of ASC50, an oral small molecule IL-17 inhibitor. The study demonstrated that ASC50 is safe, well-tolerated, and exhibits a dose-proportional pharmacokinetic profile, supporting once-daily or potentially once-weekly dosing. The drug showed strong target engagement and is progressing to the next phase of clinical development for treating mild to moderate plaque psoriasis. These findings highlight ASC50’s potential as a best-in-class treatment option, leveraging Ascletis’s AI-assisted drug discovery technology.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma’s Acne Treatment Drug Application Accepted by China NMPA
Dec 10, 2025

Ascletis Pharma Inc. announced that the China National Medical Products Administration has accepted its New Drug Application for denifanstat (ASC40), a first-in-class fatty acid synthase inhibitor for treating moderate-to-severe acne vulgaris. This acceptance marks a significant milestone for Ascletis as it moves closer to commercializing denifanstat, which has shown promising results in Phase III trials, demonstrating significant efficacy and a favorable safety profile.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma’s ASC30 Shows Promising Results in Obesity Treatment Study
Dec 8, 2025

Ascletis Pharma Inc. announced positive results from its 13-week Phase II study of ASC30, an oral GLP-1 receptor agonist for obesity treatment. The study demonstrated significant weight loss and improved gastrointestinal tolerability compared to placebo, with no severe adverse events reported. These findings suggest a potential best-in-class profile for ASC30, positioning Ascletis favorably in the obesity treatment market as they plan to advance to Phase III trials.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma Advances ASC37 for Obesity Treatment
Nov 30, 2025

Ascletis Pharma Inc. has announced the selection of its first oral GLP-1R/GIPR/GCGR triple peptide agonist, ASC37, for clinical development. This drug candidate, developed using Ascletis’ proprietary technologies, has shown significantly higher bioavailability and potency compared to existing formulations in non-human primate studies. The company plans to submit an Investigational New Drug Application to the U.S. FDA in 2026, marking a significant step in addressing unmet needs in obesity treatment and strengthening Ascletis’ position in the pharmaceutical industry.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma Advances Obesity Treatment with New Co-Formulation
Nov 12, 2025

Ascletis Pharma Inc. has announced the co-formulation of ASC36, an amylin receptor agonist, and ASC35, a GLP-1R/GIPR dual agonist, both designed for once-monthly subcutaneous administration. The co-formulation demonstrated significant body weight reduction in preclinical studies and showed excellent stability, supporting its potential as a treatment for obesity. Ascletis plans to submit an Investigational New Drug Application to the FDA by the second quarter of 2026, marking a significant step in its clinical development pipeline.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

Ascletis Pharma Unveils Promising Obesity Treatment Results at ObesityWeek 2025
Nov 5, 2025

Ascletis Pharma Inc. announced promising results from its Phase Ib studies of ASC30, both as an oral tablet and a subcutaneous injection, along with a preclinical study of a combination therapy involving ASC31 and ASC47. The oral tablet showed up to a 6.5% placebo-adjusted mean body weight reduction, with mild-to-moderate gastrointestinal adverse events, while the injection demonstrated an extended half-life supporting monthly and quarterly dosing schedules. These findings highlight the efficacy and safety of Ascletis’ obesity treatments and reinforce the company’s competitive positioning in the obesity drug market.

The most recent analyst rating on (HK:1672) stock is a Hold with a HK$12.84 price target. To see the full list of analyst forecasts on Ascletis Pharma, Inc. stock, see the HK:1672 Stock Forecast page.

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: Dec 10, 2025