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Innovent Biologics (HK:1801)
:1801
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Innovent Biologics (1801) AI Stock Analysis

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HK:1801

Innovent Biologics

(OTC:1801)

Rating:66Neutral
Price Target:
HK$101.00
▲(10.50% Upside)
The stock is driven by strong technical momentum, supported by robust revenue growth and a solid balance sheet. However, the lack of profitability and negative valuation metrics are significant risks. The score reflects a balanced view of potential growth against inherent financial challenges.
Positive Factors
Cash Reserves
Innovent holds a robust cash balance of RMB10.2bn, supporting its strategic initiatives and growth.
Financial Performance
Innovent achieved profitability ahead of schedule, realizing better-than-expected profitability due to strong product revenue growth and one-off license fee income.
Next-Generation Therapies
IBI363 is positioned as a promising next-generation IO therapy with strong survival benefits, especially for IO-resistant and cold tumors.
Negative Factors
Market Competition
The potential of IBI3003 to compete with CAR-T therapies presents a significant opportunity within the oncology drug development sector.

Innovent Biologics (1801) vs. iShares MSCI Hong Kong ETF (EWH)

Innovent Biologics Business Overview & Revenue Model

Company DescriptionInnovent Biologics, Inc. operates as a biopharmaceutical company in China. The company operates a platform for the discovery, development, and manufacture of antibody drug candidates in the fields of oncology, ophthalmology, immunology, and metabolic diseases. Its principal drug candidate is Tyvyt (sintilimab), an anti-PD-1 monoclonal antibody for the treatment of cancer, Hodgkin's lymphoma, and esophageal carcinoma. The company also offers Byvasda for the treatment of several malignant tumors; Halpryza for the treatment of non-Hodgkin's lymphoma, chronic lymphocytic leukemia and Wegener's granulomatosis; Pemazyre for the treatment of adults with locally advanced or metastatic cholangiocarcinoma; Olverembatinib for the treatment of adult patients with tyrosine kinase inhibitor; and Cyramza to treat four different types of cancers. In addition, it engages in the development of IBI-301, a rituximab biosimilar for non-Hodgkin's lymphoma; IBI-302, a bispecific antibody fusion protein for ocular fundus disease; IBI-306, a human monoclonal antibody to treat hypercholesterolemia; IBI-310, a recombinant human anti CTLA-4 monoclonal antibody for liver cancer and renal cell carcinoma. Further the company develops IBI-188, an anti-CD47 monoclonal antibody for advanced hematological and solid tumors; IBI-326, a fully human BCMA-CAR T-cell therapy for the treatment of adults with relapsed or refractory multiple myeloma; IBI-376 for the treatment of recurrent or refractory follicular lymphoma; and IBI-112 for the treatment of psoriasis. Additionally, it distributes pharmaceutical products; and provides consultation, and research and development services. The company has strategic collaborations with NeoCura Bio-Medical Technology Co. Ltd.; Roche Group; Ascentage Pharma Group International; Eli Lilly and Company; Roche Group; and Bolt Biotherapeutics, Inc. Innovent Biologics, Inc. was incorporated in 2011 and is headquartered in Suzhou, the People's Republic of China.
How the Company Makes MoneyInnovent Biologics generates revenue through the sale of its biologic drugs, primarily in the therapeutic areas of oncology, metabolism, and autoimmune diseases. The company markets its products both domestically in China and internationally, expanding its market reach. Key revenue streams include the commercialization of its proprietary drugs and strategic collaborations with global pharmaceutical companies for joint development and co-promotion of products. Furthermore, Innovent Biologics engages in licensing agreements, where it licenses its technology and products to other companies, contributing to its revenue. The company's strategic partnerships and collaborations significantly enhance its research and development capabilities, facilitating the growth of its product pipeline and subsequent revenue generation.

Innovent Biologics Financial Statement Overview

Summary
Innovent Biologics shows strong revenue growth and a solid balance sheet with significant cash reserves and low leverage. However, challenges persist in achieving profitability and generating positive cash flows, which are vital for long-term sustainability.
Income Statement
65
Positive
Innovent Biologics has demonstrated strong revenue growth with a 51.8% increase from 2023 to 2024. The gross profit margin improved to 74.4% in 2024, indicating efficient cost management. However, the net profit margin remains negative due to continued losses, although net income improved significantly. The EBIT and EBITDA margins are negative, highlighting ongoing operational challenges.
Balance Sheet
70
Positive
The company maintains a strong equity position with an equity ratio of 60.7% in 2024, reflecting financial stability. The debt-to-equity ratio is low at 0.22, indicating conservative leverage. Return on equity remains negative due to persistent losses, but the improving net income trajectory is a positive sign for future profitability.
Cash Flow
50
Neutral
Innovent Biologics has faced challenges in generating positive operating cash flow, with a negative free cash flow trend over recent years. The absence of operating cash flow in 2024 indicates potential liquidity issues. However, the company's strong cash reserves provide a buffer against short-term cash flow challenges.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue9.42B6.21B4.56B4.27B3.84B
Gross Profit7.91B4.40B3.63B3.70B3.46B
EBITDA-480.28M-660.68M-1.75B-2.37B-704.74M
Net Income-94.63M-1.03B-2.18B-3.14B-998.42M
Balance Sheet
Total Assets21.60B20.63B17.59B16.24B11.83B
Cash, Cash Equivalents and Short-Term Investments7.88B10.97B8.26B7.94B8.05B
Total Debt2.83B3.62B3.23B2.50B1.21B
Total Liabilities8.48B8.10B6.86B5.91B3.06B
Stockholders Equity13.12B12.53B10.73B10.33B8.78B
Cash Flow
Free Cash Flow-418.39M-1.24B-3.30B-3.87B-1.08B
Operating Cash Flow1.29B147.81M-1.92B-2.02B-307.69M
Investing Cash Flow-1.17B-998.66M-1.44B-2.70B-5.18B
Financing Cash Flow-606.63M2.59B2.89B5.00B4.91B

Innovent Biologics Technical Analysis

Technical Analysis Sentiment
Positive
Last Price91.40
Price Trends
50DMA
82.79
Positive
100DMA
65.84
Positive
200DMA
51.64
Positive
Market Momentum
MACD
4.23
Positive
RSI
53.74
Neutral
STOCH
45.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1801, the sentiment is Positive. The current price of 91.4 is above the 20-day moving average (MA) of 90.94, above the 50-day MA of 82.79, and above the 200-day MA of 51.64, indicating a bullish trend. The MACD of 4.23 indicates Positive momentum. The RSI at 53.74 is Neutral, neither overbought nor oversold. The STOCH value of 45.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1801.

Innovent Biologics 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
$168.81B-0.72%49.33%90.96%
51
Neutral
$7.39B0.36-62.86%2.36%15.48%-2.68%
$17.09B70.286.14%0.96%
$16.40B33.898.17%
70
Outperform
HK$40.46B44.8131.65%4.23%47.71%
54
Neutral
HK$41.38B-19.78%25.96%39.58%
53
Neutral
HK$153.67B-8.98%-54.66%-123.11%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1801
Innovent Biologics
91.40
49.75
119.45%
SBMFF
Sino Biopharmaceutical
0.93
0.57
158.33%
WXIBF
Wuxi Biologics (Cayman)
3.85
2.45
175.00%
HK:9926
Akeso, Inc.
157.40
113.60
259.36%
HK:1877
Shanghai Junshi Biosciences Co., Ltd. Class H
27.28
15.62
133.96%
HK:2696
Shanghai Henlius Biotech, Inc. Class H
73.35
50.70
223.84%

Innovent Biologics Corporate Events

Innovent Biologics Schedules Board Meeting to Review Interim Results
Aug 4, 2025

Innovent Biologics, Inc. has announced that its Board of Directors will hold a meeting on August 27, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the recommendation of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics Completes HK$4.27 Billion Share Placement
Jul 4, 2025

Innovent Biologics, Inc. has successfully completed the placement of 55,000,000 new shares under its General Mandate, raising approximately HK$4,265.4 million. This strategic move allows the company to continue its growth trajectory by leveraging the General Mandate to issue additional shares, enhancing its financial flexibility and market positioning.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics Grants Share Options and Restricted Shares to Employees
Jun 30, 2025

Innovent Biologics, Inc. announced the grant of 35,000 share options and 497,750 restricted shares to non-senior management employees under its 2024 Share Scheme. This initiative is designed to incentivize employees through performance-based vesting, with a clawback mechanism in place for certain misconduct or misalignment with the company’s objectives. The move is expected to enhance employee engagement and align individual performance with the company’s strategic goals, potentially impacting its operational efficiency and market competitiveness.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics’ Mazdutide Approved for Weight Management in China
Jun 27, 2025

Innovent Biologics has announced that its new drug, mazdutide, a first-in-class dual GCG/GLP-1 receptor agonist, has received approval from the National Medical Products Administration of China for chronic weight management in adults with overweight or obesity. This approval marks a significant milestone as mazdutide is the world’s first dual receptor agonist for weight loss, offering enhanced efficacy and metabolic benefits. The approval aligns with China’s national health initiatives to combat the rising prevalence of obesity, which poses a substantial public health challenge. Supported by robust clinical data, mazdutide has demonstrated superior weight loss efficacy and metabolic benefits, making it a promising treatment option in the fight against obesity and its related comorbidities.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics Announces New Share Placement
Jun 25, 2025

Innovent Biologics, Inc. announced the placement of 55 million new shares, representing approximately 3.33% of its total shares, under a general mandate. The placement is expected to generate gross proceeds of approximately HK$4,309.8 million, with net proceeds of HK$4,265.4 million, which will be used as detailed in the company’s plans. The shares will be issued at a discount to the current market price, and the transaction is contingent upon certain conditions being met.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics Secures Shareholder Approval for Key Resolutions at AGM
Jun 25, 2025

Innovent Biologics, Inc. successfully held its Annual General Meeting on June 25, 2025, where all proposed resolutions were passed by shareholders. Key resolutions included the re-election of directors, authorization of board remuneration, re-appointment of auditors, and granting of mandates for share buybacks and issuances. The approval of these resolutions reflects strong shareholder support and positions the company for continued strategic growth and operational stability.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics’ New Drug Application for Advanced Renal Cell Carcinoma Accepted in China
Jun 5, 2025

Innovent Biologics announced that China’s National Medical Products Administration has accepted the New Drug Application for the combination of sintilimab and fruquintinib to treat advanced renal cell carcinoma. This development marks a significant step for Innovent in addressing unmet medical needs in China, further solidifying its position in the immuno-oncology sector and enhancing the clinical value of its product, TYVYT®.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.

Innovent Biologics Announces Annual General Meeting and Key Resolutions
Jun 2, 2025

Innovent Biologics, Inc. has announced its upcoming annual general meeting scheduled for June 25, 2025, in Shanghai, China. Key agenda items include the re-election of directors, approval of the company’s financial statements, and authorization for share buybacks, which could impact the company’s market operations and shareholder value.

The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 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: Jul 29, 2025