tiprankstipranks
Trending News
More News >
InnoCare Pharma Ltd. (HK:9969)
:9969
Hong Kong Market
Advertisement

InnoCare Pharma Ltd. (9969) AI Stock Analysis

Compare
1 Followers

Top Page

HK

InnoCare Pharma Ltd.

(9969)

Rating:61Neutral
Price Target:
HK$19.00
▲(1.82%Upside)
InnoCare Pharma Ltd.'s stock score is driven by strong technical analysis indicators, suggesting positive momentum, despite significant financial performance challenges. The lack of profitability and cash flow issues weigh heavily, but the bullish market trends provide some optimism.
Positive Factors
Financial Performance
InnoCare reported net income of RMB14mn, underpinned by orelabrutinib’s strong sales and a US$8.75mn upfront payment from out-licensing.
Financial Stability
InnoCare maintained a robust cash position of RMB7.8bn, providing ample capital for R&D initiatives.
Product Approval
Orelabrutinib remains the only BTK inhibitor approved and included in the NRDL for MZL in China, the second-largest subtype of NHL.
Revenue Growth
InnoCare delivered solid results, with revenue reaching RMB381mn, supported by sustained uptake in MZL.
Negative Factors
Market Competition
Two TYK2 inhibitors, ICP-322 and ICP-488, show differentiated efficacy and competitive results in treating atopic dermatitis and psoriasis.
Market Dynamics
Autoimmune pipeline offers broad long-term upside, viewed as a key pillar of future growth alongside its oncology franchise.

InnoCare Pharma Ltd. (9969) vs. iShares MSCI Hong Kong ETF (EWH)

InnoCare Pharma Ltd. Business Overview & Revenue Model

Company DescriptionInnoCare Pharma Limited, a biopharmaceutical company, engages in discovering, developing, and commercializing drugs for the treatment of cancer and autoimmune diseases. It develops Orelabrutinib, an BTK inhibitor to treat patients with relapsed and/or refractory (r/r) chronic lymphocytic leukemia, r/r mantle cell lymphoma, r/r Waldenstrom's macroglobulinemia, r/r marginal zone lymphoma, r/r diffuse large B-cell lymphoma (DLBCL)- MCD, r/r central nervous system lymphoma, combo w/MIL-62, systemic lupus erythematosus, immune thrombocytopenia purpura, multiple sclerosis, and neuromyelitis optica spectrum disorder. The company is also developing ICP-192, a pan-FGFR inhibitor that is in a Phase I/II clinical trial for the treatment of solid tumor patients, including cholangiocarcinoma, and head and neck cancer; ICP-723, a pan-TRK inhibitor, which is in Phase I clinical trial to treat neurotrophic tyrosine receptor kinase fusion positive cancers; ICP-332, a novel tyrosine kinase 2 inhibitor that is in a Phase I clinical trial for the treatment of autoimmune diseases; and ICP-B02, a bispecific antibody for the treatment of lymphoma. In addition, it develops ICP-189, ICP-915, and ICP-B03 for the treatment of solid tumors; ICP-033 to treat liver cancer, renal cell carcinoma, colorectal cancer, and other solid tumors; ICP-488 for the treatment of autoimmune diseases; ICP-B05, an anti-CC chemokine receptor 8 monoclonal antibody for the treatment of various cancers; ICP-248 to treat hematology; and ICP-490 for the treatment of hematology and autoimmune diseases. Further, it offers ICP-B04 (Tafasitamab) to treat DLBCL/hematology. InnoCare Pharma Limited was incorporated in 2015 and is headquartered in Beijing, China.
How the Company Makes MoneyInnoCare Pharma Ltd. generates revenue primarily through the sale of its pharmaceutical products. The company earns money by commercializing its proprietary drugs, which are developed internally and sometimes in collaboration with strategic partners. InnoCare also engages in out-licensing agreements and partnerships with other pharmaceutical companies, allowing them to expand the reach of their products and enter new markets. Additionally, the company may receive milestone payments and royalties from these collaborations, contributing to its revenue streams. InnoCare's focus on innovation and strategic alliances plays a significant role in its business model, enabling it to capitalize on its research and development efforts and bring new therapies to market.

InnoCare Pharma Ltd. Financial Statement Overview

Summary
InnoCare Pharma Ltd. exhibits strong revenue growth and a solid gross profit margin, highlighting effective cost management. However, the company struggles significantly with profitability, as evidenced by a negative net profit margin and declining operating margins. Additionally, its cash flow generation is concerning, with no positive operating or free cash flow, posing liquidity risks.
Income Statement
45
Neutral
InnoCare Pharma Ltd. shows mixed results in its income statement. The gross profit margin is strong at approximately 86.3% for 2024, which is a positive indicator of cost management. However, the company is struggling with profitability as indicated by the negative net profit margin of -43.6% and declining EBIT and EBITDA margins, suggesting ongoing operational challenges. Revenue growth was robust at 36.6% from 2023 to 2024, indicating strong top-line growth, but the company needs to address its cost structure to improve profitability.
Balance Sheet
55
Neutral
The balance sheet of InnoCare Pharma Ltd. reveals a healthy equity position with a debt-to-equity ratio of 0.23 in 2024, suggesting financial stability and low leverage. The equity ratio of 71.5% also supports this stability. However, the company has been consistently operating at a net loss, impacting return on equity, which remains negative. Overall, while the balance sheet shows a strong capital structure, the company needs to improve profitability to enhance return metrics.
Cash Flow
30
Negative
InnoCare Pharma's cash flow statement highlights significant concerns. The company has not generated positive operating or free cash flow in recent years, with operating cash flow being zero in 2024. This situation poses a risk to the company's liquidity and operational sustainability. Although financing activities have supported cash positions, reliance on external financing is not sustainable long-term. Improvement in cash generation from operations is critical.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.01B738.54M625.40M1.04B1.36M
Gross Profit871.01M610.10M482.01M977.37M1.36M
EBITDA-463.49M-516.55M-808.28M16.23M-453.44M
Net Income-440.63M-631.26M-871.65M-66.68M-463.17M
Balance Sheet
Total Assets9.41B9.92B10.32B7.40B4.54B
Cash, Cash Equivalents and Short-Term Investments7.29B8.22B9.01B6.25B3.97B
Total Debt1.27B1.35B1.25B1.27B1.17B
Total Liabilities2.66B2.74B2.68B1.74B1.38B
Stockholders Equity6.73B7.15B7.60B5.60B3.10B
Cash Flow
Free Cash Flow-443.78M-926.00M-935.88M-11.00K-423.79M
Operating Cash Flow-365.55M-671.34M-565.55M167.06M-172.52M
Investing Cash Flow1.11B666.91M-1.73B-1.73B-1.11B
Financing Cash Flow-285.60M1.31M3.09B2.54B2.24B

InnoCare Pharma Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.66
Price Trends
50DMA
12.68
Positive
100DMA
10.88
Positive
200DMA
8.59
Positive
Market Momentum
MACD
1.48
Negative
RSI
82.48
Negative
STOCH
95.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9969, the sentiment is Positive. The current price of 18.66 is above the 20-day moving average (MA) of 14.56, above the 50-day MA of 12.68, and above the 200-day MA of 8.59, indicating a bullish trend. The MACD of 1.48 indicates Negative momentum. The RSI at 82.48 is Negative, neither overbought nor oversold. The STOCH value of 95.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9969.

InnoCare Pharma Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$34.24B38.4931.65%4.23%47.71%
61
Neutral
HK$27.92B-6.35%33.63%31.50%
54
Neutral
HK$23.82B-23.03%461.36%-16.43%
53
Neutral
HK$14.31B-55.68%-4.33%
51
Neutral
HK$16.14B-18.87%16.35%-49.63%
50
Neutral
AU$2.58B3.39-57.47%2.93%36.73%13.67%
48
Neutral
HK$27.65B-253.12%330.23%59.68%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9969
InnoCare Pharma Ltd.
18.66
14.00
300.43%
HK:1952
Everest Medicines Ltd.
72.70
52.50
259.90%
HK:2162
Keymed Biosciences, Inc.
57.50
25.50
79.69%
HK:2171
CARsgen Therapeutics Holdings Ltd.
24.85
20.18
432.12%
HK:2696
Shanghai Henlius Biotech, Inc. Class H
63.00
40.50
180.00%
HK:6855
Ascentage Pharma Group International
79.90
50.60
172.70%

InnoCare Pharma Ltd. Corporate Events

InnoCare Pharma Successfully Passes All Resolutions at AGM
Jun 20, 2025

InnoCare Pharma Ltd. announced that all proposed resolutions at its Annual General Meeting held on June 20, 2025, were passed by shareholders. The resolutions included approval of financial statements, annual and work reports, a profit distribution plan, and mandates for share allotment and repurchase. Additionally, several directors were re-elected, and the board was authorized to fix directors’ remuneration. This successful AGM reflects strong shareholder support and positions the company for continued operational and strategic initiatives.

The most recent analyst rating on (HK:9969) stock is a Buy with a HK$11.76 price target. To see the full list of analyst forecasts on InnoCare Pharma Ltd. stock, see the HK:9969 Stock Forecast page.

InnoCare Pharma Gains NMPA Approval for Minjuvi in China
May 21, 2025

InnoCare Pharma Ltd. announced that the National Medical Products Administration (NMPA) in China has approved Minjuvi (tafasitamab) in combination with lenalidomide for the treatment of adult patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) who are not eligible for autologous stem cell transplant. This approval marks the first CD19 antibody approved for this indication in China, potentially enhancing InnoCare’s market presence in the region. The approval is expected to have a significant impact on the company’s operations and industry positioning, given the high incidence of DLBCL in China, which accounts for 45.8% of all non-Hodgkin lymphoma cases in the country.

The most recent analyst rating on (HK:9969) stock is a Buy with a HK$11.76 price target. To see the full list of analyst forecasts on InnoCare Pharma Ltd. stock, see the HK:9969 Stock Forecast page.

InnoCare Pharma Releases Unaudited Q1 2025 Financial Data
May 13, 2025

InnoCare Pharma Limited has released its unaudited financial data for the first quarter of 2025, prepared according to Chinese accounting principles and the STAR Market requirements of the Shanghai Stock Exchange. The announcement advises shareholders and potential investors to exercise caution when dealing with the company’s securities, as the data has not been reviewed by independent auditors.

The most recent analyst rating on (HK:9969) stock is a Buy with a HK$11.76 price target. To see the full list of analyst forecasts on InnoCare Pharma Ltd. stock, see the HK:9969 Stock Forecast page.

InnoCare Pharma Announces 2025 Annual General Meeting and Key Resolutions
Apr 28, 2025

InnoCare Pharma Ltd. has announced its upcoming annual general meeting scheduled for June 20, 2025, in Beijing, China. The meeting will address several key resolutions, including the approval of the 2024 financial statements, annual report, work report of the board of directors, and profit distribution plan. Additionally, the company seeks shareholder approval to authorize the directors to allot and issue new shares or securities convertible into shares, with limitations set by the Hong Kong Stock Exchange rules. This announcement could impact the company’s operational flexibility and shareholder value by potentially increasing the share capital.

InnoCare Pharma to Review Q1 2025 Financial Results
Apr 28, 2025

InnoCare Pharma Limited has announced a board meeting scheduled for May 13, 2025, to review and approve the company’s unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market position and stakeholder interests.

InnoCare Pharma’s Orelabrutinib Gains Approval for First-Line CLL/SLL Treatment in China
Apr 25, 2025

InnoCare Pharma Ltd. has announced that its core product, Orelabrutinib, has received approval from the China National Medical Products Administration for the first-line treatment of chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL). This approval marks a significant expansion of Orelabrutinib’s indications, which previously included treatments for relapsed and refractory CLL/SLL, mantle cell lymphoma, and marginal zone lymphoma. The inclusion of Orelabrutinib in the Chinese Society of Clinical Oncology’s guidelines as a Class I recommended therapy further strengthens its market position and potential impact on a broader patient population.

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 17, 2025