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SinoMab Bioscience Ltd. (HK:3681)
:3681
Hong Kong Market
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SinoMab Bioscience Ltd. (3681) AI Stock Analysis

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HK

SinoMab Bioscience Ltd.

(3681)

Rating:50Neutral
Price Target:
HK$2.00
▼(-0.50%Downside)
SinoMab Bioscience Ltd. faces considerable financial challenges characterized by persistent losses and high leverage, which are the primary factors impacting its stock score. While technical indicators show some positive signs, the negative valuation metrics such as the lack of profitability and dividend yield weigh heavily on the overall assessment. The absence of earnings call and corporate events data limits additional insights.

SinoMab Bioscience Ltd. (3681) vs. iShares MSCI Hong Kong ETF (EWH)

SinoMab Bioscience Ltd. Business Overview & Revenue Model

Company DescriptionSinoMab BioScience Limited, a biopharmaceutical company, engages in the research, development, manufacture, and commercialization of therapeutics for the treatment of immunological diseases primarily monoclonal antibody (mAb)-based biologics. Its flagship product is SM03, a first-in-target anti-CD22 mAb, which is in Phase III clinical trial for the treatment of rheumatoid arthritis (RA), as well as in various clinical stages for other immunological diseases, such as systemic lupus erythematosus (SLE), Sjogren's syndrome (SS), and non-Hodgkin's lymphoma (NHL). The company also focuses on developing SN1011, a Bruton's tyrosine kinase inhibitor, which is in Phase II clinical trial for the treatment of pemphigus, as well as in phase 1 clinical trial to treat multiple sclerosis, SLE, and NMOSD. Its products under the preclinical stage comprise SM17 for the treatment of asthma, atopic dermatitis, and idiopathic pulmonary fibrosis; SM06 to treat RA, SLE, NMOSD, and SS; SM09 for the treatment of NHL and RA; and TNF2 for the treatment of autoimmune diseases. The company operates in Mainland China, the Cayman Islands, and Hong Kong. SinoMab BioScience Limited was incorporated in 2001 and is headquartered in Pak Shek Kok, Hong Kong.
How the Company Makes MoneySinoMab Bioscience Ltd. generates revenue primarily through the development and commercialization of its therapeutic products. The company earns money by out-licensing its technology and products to other pharmaceutical companies and through potential milestone payments and royalties from its partners. Additionally, SinoMab may engage in research and development collaborations, which provide funding and shared resources for the development of new therapies. These strategic partnerships and collaborations are crucial for the company, as they enable access to additional markets and resources necessary for advancing their product pipeline.

SinoMab Bioscience Ltd. Financial Statement Overview

Summary
SinoMab Bioscience Ltd. faces significant financial challenges, with persistent net losses and negative operating cash flows. The company's financial leverage is high, posing risks to financial stability. While revenue shows some growth, it remains inadequate to offset operational losses, suggesting a need for strategic shifts to improve profitability and cash generation.
Income Statement
45
Neutral
SinoMab Bioscience Ltd. shows a volatile revenue trend and consistently negative EBIT and EBITDA margins, indicating operational inefficiencies and challenges in reaching profitability. Revenue grew by 48.4% from 2023 to 2024 but remains insufficient to cover operational costs.
Balance Sheet
50
Neutral
The company has a high debt-to-equity ratio of 2.5 as of 2024, reflecting financial leverage that poses potential risks. Stockholders' equity has declined, but the equity ratio remains relatively stable at around 25.6%, indicating some degree of financial stability.
Cash Flow
40
Negative
Operating cash flow remains negative, and free cash flow deterioration continues, although there was a slight reduction in negative free cash flow from 2023 to 2024. The company struggles to generate cash from operations relative to net income, which is a concern for liquidity.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.03M1.36M4.03M26.66M12.76M
Gross Profit543.00K422.00K4.03M26.66M12.76M
EBITDA-142.79M-200.46M-244.29M-296.43M-158.61M
Net Income-185.14M-243.11M-284.16M-288.19M-122.60M
Balance Sheet
Total Assets753.10M847.79M1.01B1.04B1.13B
Cash, Cash Equivalents and Short-Term Investments106.88M234.66M422.38M589.53M916.20M
Total Debt482.27M450.81M357.18M275.46M97.84M
Total Liabilities560.19M552.20M498.77M361.43M142.51M
Stockholders Equity192.91M295.58M509.57M680.23M987.01M
Cash Flow
Free Cash Flow-172.30M-237.74M-413.29M-345.30M-217.29M
Operating Cash Flow-130.80M-133.85M-300.54M-147.06M-141.34M
Investing Cash Flow-94.48M-96.92M-81.36M-137.70M-179.22M
Financing Cash Flow73.27M82.27M102.28M57.52M-18.81M

SinoMab Bioscience Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.01
Price Trends
50DMA
1.83
Positive
100DMA
1.50
Positive
200DMA
1.33
Positive
Market Momentum
MACD
0.02
Positive
RSI
49.63
Neutral
STOCH
22.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3681, the sentiment is Positive. The current price of 2.01 is below the 20-day moving average (MA) of 2.12, above the 50-day MA of 1.83, and above the 200-day MA of 1.33, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 22.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3681.

SinoMab Bioscience Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
HK$28.42B31.9531.65%4.23%47.71%
61
Neutral
HK$38.12B-56.68%52.25%11.46%
59
Neutral
HK$37.22B-19.78%25.96%39.58%
52
Neutral
kr5.53B11.11-72.81%1.94%25.71%21.63%
51
Neutral
HK$8.84B-51.40%58.75%-1310.16%
50
Neutral
HK$2.40B-75.64%42.21%29.52%
46
Neutral
HK$3.70B-69.97%3.30%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3681
SinoMab Bioscience Ltd.
2.01
0.36
21.82%
HK:9995
RemeGen Co. Ltd. Class H
63.20
47.28
296.98%
HK:1877
Shanghai Junshi Biosciences Co., Ltd. Class H
23.30
10.04
75.72%
HK:2157
Lepu Biopharma Co. Ltd. Class H
4.90
1.74
55.06%
HK:2179
Jiangsu Recbio Technology Co., Ltd. Class H
7.72
-1.28
-14.22%
HK:2696
Shanghai Henlius Biotech, Inc. Class H
52.30
29.75
131.93%

SinoMab Bioscience Ltd. Corporate Events

SinoMab BioScience Announces AGM Results and Strategic Resolutions
Jun 30, 2025

SinoMab BioScience Ltd. announced the results of its Annual General Meeting held on June 30, 2025, where all proposed resolutions, except one that was withdrawn, were approved by shareholders. The resolutions included the re-election of directors, authorization for directors’ remuneration, re-appointment of auditors, and mandates for share buybacks and issuance, indicating strong shareholder support and strategic alignment in the company’s governance and operational plans.

SinoMab BioScience Announces Board Composition and Roles
Jun 30, 2025

SinoMab BioScience Limited has announced the composition of its board of directors and their respective roles within the company. This announcement outlines the leadership structure, which includes executive, non-executive, and independent non-executive directors, as well as the membership of the board’s committees. This update is significant for stakeholders as it reflects the company’s governance and strategic direction, potentially impacting its operations and market positioning.

SinoMab BioScience Enhances Governance with New Nomination Committee Terms
Jun 30, 2025

SinoMab BioScience Limited has adopted new terms of reference for its Nomination Committee, which will be composed of at least three members, primarily independent non-executive directors, with a focus on diversity. This move is in compliance with the listing requirements of the Hong Kong Stock Exchange and aims to enhance the company’s governance structure, potentially impacting its operational efficiency and stakeholder confidence.

SinoMab BioScience Announces Executive Director Resignation
Jun 12, 2025

SinoMab BioScience Limited announced the resignation of Mr. Shanchun Wang from his position as an executive director and from directorships in certain subsidiaries, effective June 9, 2025. Mr. Wang resigned to focus on personal commitments and confirmed no disagreements with the board, indicating a smooth transition. This change in leadership may impact the company’s strategic direction, but the company has not indicated any immediate operational disruptions.

SinoMab BioScience Announces Board Composition and Roles
Jun 12, 2025

SinoMab BioScience Limited has announced the composition of its board of directors and their respective roles within the company. This update includes the appointment of Dr. Shui On Leung as both Chairman and CEO, alongside a mix of executive, non-executive, and independent non-executive directors. The announcement also details the membership of the board’s committees, highlighting the company’s structured governance approach, which could enhance its strategic decision-making and operational oversight.

SinoMab BioScience Reschedules 2025 AGM and Adjusts Book Closure
Jun 11, 2025

SinoMab BioScience Limited has announced the postponement and change of venue for its 2025 Annual General Meeting (AGM) due to administrative reasons. Originally scheduled for June 13, 2025, the AGM will now take place on June 30, 2025, at a new location in Hong Kong. Additionally, the book closure period for determining shareholders’ entitlement to attend and vote at the AGM has been adjusted. The withdrawal of an ordinary resolution concerning the re-election of an independent director, due to his passing, was also noted. These changes are expected to impact the company’s operational schedule and shareholder engagement.

SinoMab BioScience Announces Director’s Passing and AGM Resolution Withdrawal
Jun 9, 2025

SinoMab BioScience Limited announced the passing of Mr. Dylan Carlo Tinker, an independent non-executive director and a member of both the audit and nomination committees. This unfortunate event has left the company temporarily non-compliant with the Hong Kong Stock Exchange’s listing rules, as the nomination committee no longer has a majority of independent non-executive directors. The company plans to appoint a suitable replacement within three months to rectify this situation. Additionally, due to Mr. Tinker’s passing, the resolution for his re-election will be withdrawn from the upcoming annual general meeting agenda.

SinoMab BioScience Announces Board Composition and Roles
Jun 9, 2025

SinoMab BioScience Limited has announced the composition of its board of directors and their respective roles within the company. This announcement provides clarity on the leadership structure, which is crucial for stakeholders and investors as it may influence the company’s strategic direction and governance.

SinoMab Completes New Share Subscription to Bolster Market Position
May 29, 2025

SinoMab BioScience Limited has successfully completed the subscription of new shares under a general mandate, issuing a total of 112,810,817 shares. This issuance represents approximately 9.37% of the company’s enlarged share capital and has raised net proceeds of about HK$123,956,911, which will be used as previously disclosed. This move is expected to impact the company’s shareholding structure and potentially enhance its financial position and market presence.

SinoMab BioScience to Issue New Shares in HK$124 Million Subscription Deal
May 13, 2025

SinoMab BioScience Limited has entered into 26 subscription agreements with independent third-party subscribers to issue a total of 112,810,817 new shares at a price of HK$1.10 each. This move, which does not require shareholder approval, aims to raise approximately HK$124 million in gross proceeds, with net proceeds intended for strategic purposes outlined by the company. The issuance represents about 10.33% of the company’s current share capital and is expected to enhance SinoMab’s financial position and market presence.

SinoMab BioScience Schedules 2025 AGM with Key Resolutions
Apr 24, 2025

SinoMab BioScience Limited has announced its 2025 Annual General Meeting scheduled for June 13, 2025. Key agenda items include the re-election of several directors, the re-appointment of Ernst & Young as auditors, and granting the board mandates to buy back shares and issue new shares. These resolutions are aimed at strengthening the company’s governance and providing flexibility in capital management, potentially impacting its market operations and shareholder value.

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: Jun 28, 2025