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Shanghai Henlius Biotech, Inc. Class H (HK:2696)
:2696
Hong Kong Market

Shanghai Henlius Biotech, Inc. Class H (2696) AI Stock Analysis

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HK:2696

Shanghai Henlius Biotech, Inc. Class H

(2696)

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Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
HK$74.00
▲(22.21% Upside)
Shanghai Henlius Biotech's overall stock score is driven by strong financial performance, with significant revenue and profit growth. However, technical indicators suggest potential bearish trends, and the high P/E ratio indicates overvaluation risks. The absence of earnings call insights and corporate events limits further analysis.
Positive Factors
Revenue Growth
Consistent revenue growth over multiple years indicates strong market demand and effective product adoption, supporting long-term business expansion.
Operational Efficiency
Improved operational efficiency through higher EBIT and EBITDA margins enhances profitability and competitiveness, sustaining long-term growth.
Cash Flow Management
Strong cash flow management ensures liquidity and financial flexibility, enabling investment in growth opportunities and debt servicing.
Negative Factors
Debt Reliance
Increased reliance on debt can strain financial stability and limit flexibility, posing risks if interest rates rise or cash flows falter.
Equity Ratio Decline
A declining equity ratio indicates reduced shareholder equity relative to debt, potentially increasing financial risk and impacting investor confidence.
Absence of Dividend Yield
Lack of dividends can make the stock less attractive to income investors, potentially limiting its appeal and affecting stock demand.

Shanghai Henlius Biotech, Inc. Class H (2696) vs. iShares MSCI Hong Kong ETF (EWH)

Shanghai Henlius Biotech, Inc. Class H Business Overview & Revenue Model

Company DescriptionShanghai Henlius Biotech, Inc. Class H (2696) is a biotechnology company based in Shanghai, China, specializing in the development and commercialization of innovative monoclonal antibody therapies. The company focuses on addressing unmet medical needs in various therapeutic areas, including oncology, autoimmune diseases, and infectious diseases. Henlius aims to enhance patient access to high-quality biologics and is committed to advancing its proprietary drug candidates through rigorous clinical development and regulatory approval processes.
How the Company Makes MoneyShanghai Henlius Biotech generates revenue primarily through the sale of its monoclonal antibody products, which are marketed for various therapeutic indications. The company has established a diversified revenue model that includes direct sales of its proprietary drugs, partnerships with other pharmaceutical companies for co-development and commercialization, as well as licensing agreements that allow other firms to market its products in different regions. Significant partnerships and collaborations with global pharmaceutical companies enhance its market reach and contribute to its earnings, while also enabling shared research and development costs. Additionally, Henlius may benefit from government subsidies and grants aimed at supporting biotech innovations in China.

Shanghai Henlius Biotech, Inc. Class H Financial Statement Overview

Summary
Shanghai Henlius Biotech demonstrates strong revenue and profit growth, supported by improving operational margins and cash flow management. Despite increased reliance on debt, the company has effectively turned around its financial performance, particularly in profitability and cash flow generation.
Income Statement
82
Very Positive
Shanghai Henlius Biotech has shown a strong revenue growth trajectory with a significant increase in Total Revenue from 2019 to 2024. Gross Profit Margin has remained healthy, evidenced by a 73.1% margin in 2024. The company has successfully turned around its Net Income from a loss in previous years to a profit of 820 million in 2024, improving Net Profit Margin to 14.3%. EBIT and EBITDA margins have also improved, indicating operational efficiency gains.
Balance Sheet
75
Positive
The company maintains a moderate Debt-to-Equity Ratio of 1.21 in 2024, reflecting a balanced approach to leveraging. Return on Equity has improved to 27.2%, indicating better profitability for shareholders. However, the Equity Ratio has decreased to 28.4% in 2024, suggesting a higher reliance on debt financing compared to earlier years.
Cash Flow
78
Positive
Shanghai Henlius Biotech has shown robust improvement in Free Cash Flow, with a notable growth from negative values in earlier years to 404 million in 2024. The Operating Cash Flow to Net Income ratio of 1.51 in 2024 highlights efficient cash earnings conversion. The Free Cash Flow to Net Income ratio has also improved, indicating better cash flow management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue5.80B5.72B5.39B3.21B1.68B587.59M
Gross Profit4.39B4.18B3.92B2.37B1.16B405.47M
EBITDA1.14B1.15B911.33M-310.61M-671.74M-814.06M
Net Income824.30M820.47M546.02M-695.26M-984.05M-993.54M
Balance Sheet
Total Assets11.55B10.60B9.90B8.92B7.17B6.44B
Cash, Cash Equivalents and Short-Term Investments972.50M772.96M1.01B680.48M742.32M1.11B
Total Debt3.67B3.65B4.09B3.68B2.62B1.83B
Total Liabilities8.14B7.58B7.71B7.29B4.88B3.24B
Stockholders Equity3.41B3.01B2.19B1.64B2.30B3.20B
Cash Flow
Free Cash Flow930.30M404.68M36.48M-383.67M-1.04B-2.12B
Operating Cash Flow990.62M1.24B1.05B981.62M90.39M-609.58M
Investing Cash Flow-123.16M-909.97M-1.00B-1.36B-1.68B-1.51B
Financing Cash Flow0.00-643.37M144.43M858.02M648.30M995.79M

Shanghai Henlius Biotech, Inc. Class H Technical Analysis

Technical Analysis Sentiment
Negative
Last Price60.55
Price Trends
50DMA
66.77
Negative
100DMA
72.20
Negative
200DMA
57.18
Positive
Market Momentum
MACD
-1.68
Positive
RSI
35.99
Neutral
STOCH
14.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2696, the sentiment is Negative. The current price of 60.55 is below the 20-day moving average (MA) of 65.67, below the 50-day MA of 66.77, and above the 200-day MA of 57.18, indicating a neutral trend. The MACD of -1.68 indicates Positive momentum. The RSI at 35.99 is Neutral, neither overbought nor oversold. The STOCH value of 14.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2696.

Shanghai Henlius Biotech, Inc. Class H 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$32.96B36.9727.37%2.57%18.79%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
45
Neutral
HK$20.98B-14.30-161.12%-56.94%-190.36%
42
Neutral
HK$15.05B-9.08-30.41%23.87%30.08%
40
Underperform
HK$19.88B-93.34-3.36%58.24%38.85%
38
Underperform
HK$36.45B-21.91-15.06%38.56%48.26%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2696
Shanghai Henlius Biotech, Inc. Class H
60.55
36.65
153.35%
HK:9688
Zai Lab Ltd
13.80
-6.80
-33.01%
HK:9969
InnoCare Pharma Ltd.
13.54
7.61
128.33%
HK:1877
Shanghai Junshi Biosciences Co., Ltd. Class H
23.24
11.00
89.87%
HK:2096
Simcere Pharmaceutical Group Limited
13.11
6.47
97.44%
HK:6855
Ascentage Pharma Group International
56.35
13.40
31.20%

Shanghai Henlius Biotech, Inc. Class H Corporate Events

Shanghai Henlius Biotech’s FUTUONING Added to National Drug List
Dec 7, 2025

Shanghai Henlius Biotech, Inc. announced that its product, FUTUONING (Fovinaciclib Citrate Capsules), has been included in Category B of the National Drug List for Basic Medical Insurance, Maternity Insurance, and Work-Related Injury Insurance for 2025. This inclusion, effective from January 2026, is expected to enhance the drug’s accessibility for patients with hormone receptor-positive and HER2-negative breast cancer, thereby benefiting the company’s marketing and sales efforts.

Shanghai Henlius Biotech Expands Breast Cancer Portfolio Through Avanc Pharma Collaboration
Dec 3, 2025

Shanghai Henlius Biotech, Inc. has entered into collaboration agreements with Avanc Pharma to commercialize Fovinaciclib Citrate Capsules, a CDK4/6 inhibitor for HR+ and HER2-breast cancer, in China. This collaboration aligns with Henlius’s strategic focus on breast cancer treatments and is expected to enhance its product offerings and revenue potential. The agreements involve connected transactions under Hong Kong’s Listing Rules, with specific financial and operational implications for Henlius, but they are exempt from independent shareholders’ approval due to the transaction size.

Shanghai Henlius Biotech Renews Sinopharm Distribution Agreement
Dec 3, 2025

Shanghai Henlius Biotech, Inc. has renewed its distribution collaboration with Sinopharm, extending the agreement until December 2028. This renewal, subject to Hong Kong Listing Rules, positions Sinopharm as a key distributor of Henlius’s products, impacting the company’s market reach and operational strategy. The agreement’s renewal underscores the strategic importance of Sinopharm in Henlius’s distribution network and involves compliance with connected transaction regulations, necessitating shareholder approval and independent financial advice.

Shanghai Henlius Biotech to Hold EGM for Sinopharm Agreement Approval
Dec 3, 2025

Shanghai Henlius Biotech, Inc. has announced an extraordinary general meeting scheduled for December 31, 2025, to consider the approval of the Sinopharm Distribution Framework Agreement (2025 Renewal). This agreement, if approved, will facilitate continued collaboration with Sinopharm Group Co. Ltd., potentially enhancing the company’s distribution capabilities and market reach in the pharmaceutical sector.

Shanghai Henlius Biotech’s HLX14 Biosimilar Gains NMPA Acceptance
Dec 2, 2025

Shanghai Henlius Biotech, Inc. announced that its New Drug Application for HLX14, a biosimilar of denosumab, has been accepted by the National Medical Products Administration in China. This development marks a significant step for the company as HLX14 has already been approved in the US, EU, and UK, and its acceptance in China could enhance the company’s market presence in the osteoporosis treatment sector, given the global sales of denosumab reaching approximately $7.463 billion in 2024.

Shanghai Henlius Biotech’s HLX37 Receives IND Approval for Phase 1 Trials
Dec 1, 2025

Shanghai Henlius Biotech, Inc. announced that its investigational new drug application for HLX37, a recombinant humanised bispecific antibody targeting PD-L1 and VEGF, has been approved by the National Medical Products Administration for phase 1 clinical trials. HLX37 aims to treat advanced or metastatic solid tumors by simultaneously blocking PD-1/PD-L1 binding and inhibiting angiogenesis, showing promising pre-clinical results in tumor growth inhibition and safety. This development positions the company to potentially enhance its market presence in the bispecific antibody sector, although the successful commercialization of HLX37 is not guaranteed.

Shanghai Henlius Initiates Phase 1 Study of HLX13 for Liver Cancer
Nov 25, 2025

Shanghai Henlius Biotech, Inc. has announced the dosing of the first patient in an international multicenter phase 1 clinical study of its Ipilimumab biosimilar, HLX13, for treating unresectable hepatocellular carcinoma (HCC) in mainland China. This study aims to evaluate the pharmacokinetics, safety, efficacy, and immunogenicity of HLX13 compared to the reference product YERVOY, with the potential to impact the company’s market positioning in the oncology sector significantly.

Shanghai Henlius Biotech’s HANSIZHUANG Receives Breakthrough Therapy Designation
Nov 20, 2025

Shanghai Henlius Biotech, Inc. announced that its HANSIZHUANG (serplulimab injection), in combination with chemotherapy, has received Breakthrough Therapy Designation from China’s National Medical Products Administration for the treatment of gastric cancer. This designation highlights the potential impact of HANSIZHUANG on cancer treatment and strengthens the company’s position in the oncology market, potentially benefiting stakeholders through enhanced treatment options and market expansion.

Shanghai Henlius Biotech’s HLX11 Receives FDA Approval for Breast Cancer Treatment
Nov 14, 2025

Shanghai Henlius Biotech, Inc. has announced that its biosimilar product, HLX11 (pertuzumab-dpzb), branded as POHERDY® in the United States, has received FDA approval for use in treating HER2-positive early and metastatic breast cancer. This approval marks a significant milestone for the company, enhancing its international presence and influence, particularly in the U.S. market, and is expected to boost its collaboration with Organon LLC for commercial sales.

Shanghai Henlius Biotech Secures FDA Orphan-drug Designation for HLX43
Oct 17, 2025

Shanghai Henlius Biotech, Inc. announced that its subsidiary, Henlius USA Inc., has received Orphan-drug Designation from the U.S. FDA for HLX43, an anti-PD-L1 antibody-drug conjugate, for the treatment of thymic epithelial tumors. This designation provides the company with benefits such as tax credits, fee exemptions, and market exclusivity, which could enhance its competitive positioning in the oncology market, particularly in the U.S., where no similar PD-L1 targeting ADCs have been approved.

Shanghai Henlius Biotech’s HANSIZHUANG Shows Promising Results in Gastric Cancer Treatment
Oct 9, 2025

Shanghai Henlius Biotech, Inc. announced that its phase 3 clinical study of HANSIZHUANG (serplulimab injection) in combination with chemotherapy for the treatment of early-stage gastric cancer met its primary endpoint of event-free survival. This significant finding supports an early new drug application submission, indicating a promising advancement in cancer treatment. The study demonstrated a notable improvement in the pathological complete response rate and a reduction in recurrence risk, with a favorable safety profile, enhancing the company’s position in the oncology market.

Shanghai Henlius Biotech Advances in Oncology with New Clinical Trial Approval
Sep 30, 2025

Shanghai Henlius Biotech, Inc. announced the approval of its phase 1b/2 clinical trial application for HLX43, an anti-PD-L1 antibody-drug conjugate, in combination with HLX07 for treating advanced/metastatic solid tumors. This approval by the National Medical Products Administration marks a significant step in the company’s clinical development efforts, potentially enhancing its market position in oncology therapeutics. The trial’s previous data demonstrated promising results, showing high response rates and good safety profiles, especially in patients with advanced non-small cell lung cancer, indicating a positive outlook for stakeholders.

Shanghai Henlius Biotech’s HLX13 Receives FDA Approval for Clinical Trial
Sep 29, 2025

Shanghai Henlius Biotech, Inc. announced that its investigational new drug application for HLX13, a biosimilar of Ipilimumab, was approved by the FDA for a phase 1 clinical trial as a first-line treatment for unresectable hepatocellular carcinoma. This approval marks a significant step for the company in expanding its clinical trials internationally, potentially enhancing its market position in the oncology sector and providing new treatment options for various cancers.

Shanghai Henlius Initiates Global Trial for Cancer Treatment Biosimilar
Sep 26, 2025

Shanghai Henlius Biotech, Inc. has initiated an international multi-center phase 1 clinical trial for HLX17, a biosimilar of pembrolizumab, in patients with multiple resected solid tumors in mainland China. This trial aims to evaluate the pharmacokinetic profile, efficacy, safety, and immunogenicity of HLX17 compared to KEYTRUDA, with plans to expand the trial to the United States, Europe, and Australia. The announcement marks a significant step in the company’s efforts to position itself in the global oncology market, leveraging the high global sales of pembrolizumab, which reached approximately USD 32.056 billion in 2024.

Shanghai Henlius Biotech Gains EU Approval for Osteoporosis Treatments
Sep 19, 2025

Shanghai Henlius Biotech, Inc. announced that the European Commission has approved the marketing authorization applications for two of its products, BILDYOS® and BILPREVDA®, for the treatment of osteoporosis and other bone-related conditions in the EU and EEA countries. This approval is based on extensive comparative studies demonstrating the similarity of HLX14 to the reference product, Prolia®, and marks a significant step in the company’s global expansion strategy, potentially impacting its market positioning and stakeholder interests.

Shanghai Henlius Biotech Advances HLX43 Clinical Trials for Lung Cancer
Sep 18, 2025

Shanghai Henlius Biotech, Inc. has announced the dosing of the first patient in Australia in its international multicentre phase 2 clinical study of HLX43, an anti-PD-L1 antibody-drug conjugate, for advanced non-small cell lung cancer (NSCLC). The study, also ongoing in mainland China and the United States, aims to evaluate the efficacy and safety of HLX43. Previous phase 1 results demonstrated promising response rates and safety profiles, particularly in patients with advanced tumors who have not responded to other treatments, indicating potential significant impact on the company’s market positioning in oncology therapeutics.

Shanghai Henlius Biotech’s HLX17 Receives FDA Approval for Clinical Trials
Sep 8, 2025

Shanghai Henlius Biotech, Inc. announced that the U.S. FDA has approved the investigational new drug application for HLX17, a biosimilar of pembrolizumab, for phase 1 clinical trials. This approval marks a significant step for the company as it aims to conduct international multi-center trials, potentially enhancing its position in the oncology market, where pembrolizumab sales reached approximately USD 32.056 billion in 2024.

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: Nov 28, 2025