HUTCHMED (China) Limited logo

HUTCHMED (China) Limited

0013.HK

HKSEHealthcareDrug Manufacturers - Specialty & Generic

Latest quote

HK$19.26

−HK$0.51 · -2.58%

Aug 24, 11:02 AM HKT

0013.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

HUTCHMED (China) Limited, a biopharmaceutical company established in 2000 and headquartered in Central, Hong Kong, focuses on the discovery, development, and commercialization of innovative targeted therapies and immunotherapies. The company primarily addresses cancer and immunological disorders, serving a global patient population in addition to Hong Kong. Its operations are structured into two main segments: Oncology/Immunology and Other Ventures. The company boasts an extensive pipeline of drug candidates. Key assets include Savolitinib, an inhibitor developed for non-small cell lung cancer (NSCLC), papillary and renal cell carcinoma, colorectal cancer (CRC), and gastric cancer (GC). Fruquintinib targets CRC, breast cancer, GC, endometrial cancer (EMC), NSCLC, hepatocellular carcinoma, and a broad spectrum of gastrointestinal and solid tumors. Another prominent compound, Surufatinib, is indicated for various neuroendocrine tumors (NETs) including pancreatic and non-pancreatic types, alongside biliary tract cancer, sarcoma, neuroendocrine neoplasm, esophageal cancer, small cell lung cancer, GC, thyroid cancer, EMC, NSCLC, and other solid tumors. Further pipeline assets feature HMPL-523, a spleen tyrosine kinase (Syk) inhibitor for treating hematological cancers and certain chronic immune diseases; HMPL-689, an inhibitor specifically targeting the PI3Kd isoform; and Tazemetostat, an EZH2 inhibitor utilized in the treatment of specific epithelioid sarcoma and follicular lymphoma patients. The company's development efforts also encompass HMPL-306 for hematological malignancies, gliomas, and solid tumors; HMPL-760, a Bruton's tyrosine kinase (BTK) inhibitor; HMPL-453, aimed at intrahepatic cholangiocarcinoma; HMPL-295 for various solid tumors; HMPL-653, developed for metastatic solid tumors and tenosynovial giant cell tumors; and the inhibitors Epitinib (HMPL-813) and Theliatinib (HMPL-309). HUTCHMED has forged strategic collaboration agreements with a number of significant pharmaceutical entities, including AstraZeneca AB (publ), Lilly (Shanghai) Management Company Limited, BeiGene, Inmagene Biopharmaceuticals Co. Ltd., Innovent Biologics Co., Inc., Genor Biopharma Co. Ltd., Shanghai Junshi Biosciences Co. Ltd., and Epizyme, Inc. The company, originally known as Hutchison China MediTech Limited, officially changed its name to HUTCHMED (China) Limited in May 2021.

Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
Headquarters
HK
CEO
Chig Fung Cheng
Listed since
Jun 30, 2021
Employees
1,796

Market position

Day range

Current HK$19.26

52-week range

Current HK$19.26

Open
HK$19.77
Previous close
HK$19.77
Volume
3.31M
0.77× average
Average volume
4.27M
Average daily volume
Market cap
16.74B HKD
Beta
0.43
Market reference 1
50-day average
HK$17.9302
+7.42% above average
200-day average
HK$20.9964
-8.27% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.34B USD
P/E (TTM)
132.82×
P/B (TTM)
1.69×
P/S (TTM)
3.89×
EV / EBITDA
-90.47×
Earnings yield
19.76%
Free cash flow yield
-3.41%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.20%
Operating margin
-6.33%
Net margin
3.26%
Return on equity
36.91%
Return on assets
26.07%
Return on invested capital
-2.35%

Financial health

Debt / equity
0.07×
Current ratio
4.96×
Altman Z-score
3.69
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends101%30%-42%-114%Gross margin, FY2021: 27.49%Gross margin, FY2022: 27.04%Gross margin, FY2023: 18.08%Gross margin, FY2024: 44.64%Gross margin, FY2025: 11.64%Operating margin, FY2021: -92.19%Operating margin, FY2022: -95.61%Operating margin, FY2023: 2.19%Operating margin, FY2024: -6.44%Operating margin, FY2025: -7.14%Net margin, FY2021: -54.66%Net margin, FY2022: -84.62%Net margin, FY2023: 12.03%Net margin, FY2024: 5.99%Net margin, FY2025: 83.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.49%. Gross margin FY2022 27.04%. Gross margin FY2023 18.08%. Gross margin FY2024 44.64%. Gross margin FY2025 11.64%. Operating margin FY2021 -92.19%. Operating margin FY2022 -95.61%. Operating margin FY2023 2.19%. Operating margin FY2024 -6.44%. Operating margin FY2025 -7.14%. Net margin FY2021 -54.66%. Net margin FY2022 -84.62%. Net margin FY2023 12.03%. Net margin FY2024 5.99%. Net margin FY2025 83.30%.

Income trends

Revenue

548.51M USD-12.96%

Operating income

−39.16M USD+3.57%

Net income

456.91M USD+1111.03%
Income trends across reported periods962.57M USD464.29M USD−33.99M USD−532.26M USDRevenue, FY2021: 356.13M USDRevenue, FY2022: 426.41M USDRevenue, FY2023: 838M USDRevenue, FY2024: 630.2M USDRevenue, FY2025: 548.51M USDOperating income, FY2021: −328.32M USDOperating income, FY2022: −407.69M USDOperating income, FY2023: 18.38M USDOperating income, FY2024: −40.61M USDOperating income, FY2025: −39.16M USDNet income, FY2021: −194.65M USDNet income, FY2022: −360.84M USDNet income, FY2023: 100.78M USDNet income, FY2024: 37.73M USDNet income, FY2025: 456.91M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 356.13M USD. Revenue FY2022 426.41M USD. Revenue FY2023 838M USD. Revenue FY2024 630.2M USD. Revenue FY2025 548.51M USD. Operating income FY2021 −328.32M USD. Operating income FY2022 −407.69M USD. Operating income FY2023 18.38M USD. Operating income FY2024 −40.61M USD. Operating income FY2025 −39.16M USD. Net income FY2021 −194.65M USD. Net income FY2022 −360.84M USD. Net income FY2023 100.78M USD. Net income FY2024 37.73M USD. Net income FY2025 456.91M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue548.51M USD630.2M USD838M USD426.41M USD356.13M USD
Cost of goods sold484.64M USD348.88M USD686.45M USD311.1M USD258.23M USD
Gross profit63.87M USD281.32M USD151.55M USD115.31M USD97.89M USD
Research and development154.75M USD212.11M USD302M USD267.59M USD207.45M USD
Selling, general, and administrative103.03M USD112.91M USD133.18M USD136.11M USD127.13M USD
Operating expenses103.03M USD321.93M USD133.18M USD523M USD426.21M USD
Interest income49.88M USD40.08M USD36.15M USD9.6M USD2.08M USD
Interest expense2.87M USD2.87M USD759K USD652K USD592K USD
Depreciation and amortization13.31M USD12.34M USD8.21M USD8.66M USD7.19M USD
Operating income−39.16M USD−40.61M USD18.38M USD−407.69M USD−328.32M USD
Net income456.91M USD37.73M USD100.78M USD−360.84M USD−194.65M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
75%
6 beats, 2 misses, 0 met estimates
Average EPS surprise
+106.76%
8 comparable reports
Latest EPS result
0.16
Estimate 0.23 · Miss by 31.05%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.452.660.87-0.93Q3 '24No estimateQ1 '25BeatQ2 '25BeatQ3 '25BeatQ1 '26MissQ1 '26EstimateQ3 '26MissQ1 '27Estimate
Q3 2024, reported Sep 30, 2024: actual 0.053, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 19, 2025: actual 0.109, estimate 0.062, surprise +75.00%, Beat. Q2 2025, reported May 9, 2025: actual 2.1, estimate -0.491, surprise +527.78%, Beat. Q3 2025, reported Aug 7, 2025: actual 4.08, estimate 2.29, surprise +78.17%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.009, estimate 3.89, surprise -99.78%, Miss. Q1 2026, reported Mar 17, 2026: actual —, estimate -0.557, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 0.157, estimate 0.227, surprise -31.05%, Miss. Q1 2027, reported Mar 4, 2027: actual —, estimate 0.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.77B1.97B1.17B377.07MQ3 '24No estimateQ1 '25BeatQ2 '25BeatQ3 '25MissQ1 '26MissQ1 '26BeatQ3 '26MissQ1 '27Estimate
Q3 2024, reported Sep 30, 2024: actual 1.26B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 19, 2025: actual 2.52B HKD, estimate 2.48B HKD, surprise +1.65%, Beat. Q2 2025, reported May 9, 2025: actual 1.08B HKD, estimate 443.62M HKD, surprise +143.24%, Beat. Q3 2025, reported Aug 7, 2025: actual 2.18B HKD, estimate 2.59B HKD, surprise -15.95%, Miss. Q1 2026, reported Mar 5, 2026: actual 2.11B HKD, estimate 2.26B HKD, surprise -6.71%, Miss. Q1 2026, reported Mar 17, 2026: actual 1.09B HKD, estimate 629.15M HKD, surprise +73.33%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.18B HKD, estimate 2.39B HKD, surprise -8.54%, Miss. Q1 2027, reported Mar 4, 2027: actual —, estimate 2.58B HKD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy375%
Hold125%
Sell00%
Strong sell00%

Recent analyst actions

1 institution
Cantor FitzgeraldmaintainOverweight

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