CANbridge Pharmaceuticals Inc. logo

CANbridge Pharmaceuticals Inc.

1228.HK

HKSEHealthcareBiotechnology

Latest quote

HK$1.99

−HK$0.085 · -4.10%

Aug 24, 2:55 PM HKTData delayed

1228.HK company overview

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Company profile

Company website

CANbridge Pharmaceuticals Inc. is a biopharmaceutical company focused on the global research, development, and commercialization of treatments for rare disorders and various cancer types. The company's marketed products include Hunterase, an enzyme replacement therapy for Hunter syndrome; NERLYNX (Neratinlib), a powerful, irreversible tyrosine kinase inhibitor targeting HER2-positive breast cancer; and Caphosol Mouth Rinse, used to alleviate temporary and persistent dry mouth and throat. Its robust development pipeline features several investigational therapies: CAN008, an artificially engineered antibody-like fully human fusion protein being developed for glioblastoma multiforme; CAN108, an orally administered reversible inhibitor of the ileal bile acid transporter, designed to treat rare cholestatic liver diseases; CAN106, a humanized monoclonal antibody against complement C5 for complement-mediated conditions; CAN103 and CAN104, both recombinant human enzyme replacement therapies (ERTs); CAN105, a bispecific antibody; and gene therapy programs CAN201 and CAN202, both utilizing adeno-associated virus (AAV) sL65 capsid technology. Established in 2012, CANbridge Pharmaceuticals Inc. is based in Beijing, China.

Industry
Biotechnology
Sector
Healthcare
Headquarters
CN
CEO
Qun Xue
Listed since
Dec 10, 2021
Employees
41

Market position

Day range

Current HK$1.99

52-week range

Current HK$1.99

Open
HK$2.025
Previous close
HK$2.075
Volume
556K
0.34× average
Average volume
1.62M
Average daily volume
Market cap
845.43M HKD
Beta
-0.09
Market reference 1
50-day average
HK$2.0491
-2.88% below average
200-day average
HK$2.2992
-13.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.09B CNY
P/E (TTM)
35.99×
P/B (TTM)
-2.38×
P/S (TTM)
14.5×
EV / EBITDA
-13.74×
Earnings yield
1.30%
Free cash flow yield
-3.36%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
73.13%
Operating margin
-185.46%
Net margin
29.65%
Return on equity
-4.33%
Return on assets
8.96%
Return on invested capital
32.86%

Financial health

Debt / equity
-0.05×
Current ratio
0.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends426%-986%-2397%-3809%Gross margin, FY2021: 60.25%Gross margin, FY2022: 61.91%Gross margin, FY2023: 62.37%Gross margin, FY2024: 63.81%Gross margin, FY2025: 73.13%Operating margin, FY2021: -2102.46%Operating margin, FY2022: -579.91%Operating margin, FY2023: -356.32%Operating margin, FY2024: -400.12%Operating margin, FY2025: -185.46%Net margin, FY2021: -3456.26%Net margin, FY2022: -612.21%Net margin, FY2023: -368.26%Net margin, FY2024: -520.10%Net margin, FY2025: 29.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.25%. Gross margin FY2022 61.91%. Gross margin FY2023 62.37%. Gross margin FY2024 63.81%. Gross margin FY2025 73.13%. Operating margin FY2021 -2102.46%. Operating margin FY2022 -579.91%. Operating margin FY2023 -356.32%. Operating margin FY2024 -400.12%. Operating margin FY2025 -185.46%. Net margin FY2021 -3456.26%. Net margin FY2022 -612.21%. Net margin FY2023 -368.26%. Net margin FY2024 -520.10%. Net margin FY2025 29.65%.

Income trends

Revenue

49.98M CNY-41.27%

Operating income

−92.7M CNY+72.78%

Net income

14.82M CNY+457.44M CNY
Income trends across reported periods220.86M CNY−251.09M CNY−723.04M CNY−1.19B CNYRevenue, FY2021: 31.16M CNYRevenue, FY2022: 78.97M CNYRevenue, FY2023: 102.87M CNYRevenue, FY2024: 85.1M CNYRevenue, FY2025: 49.98M CNYOperating income, FY2021: −655.15M CNYOperating income, FY2022: −457.97M CNYOperating income, FY2023: −366.55M CNYOperating income, FY2024: −340.52M CNYOperating income, FY2025: −92.7M CNYNet income, FY2021: −1.08B CNYNet income, FY2022: −483.48M CNYNet income, FY2023: −378.84M CNYNet income, FY2024: −442.62M CNYNet income, FY2025: 14.82M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 31.16M CNY. Revenue FY2022 78.97M CNY. Revenue FY2023 102.87M CNY. Revenue FY2024 85.1M CNY. Revenue FY2025 49.98M CNY. Operating income FY2021 −655.15M CNY. Operating income FY2022 −457.97M CNY. Operating income FY2023 −366.55M CNY. Operating income FY2024 −340.52M CNY. Operating income FY2025 −92.7M CNY. Net income FY2021 −1.08B CNY. Net income FY2022 −483.48M CNY. Net income FY2023 −378.84M CNY. Net income FY2024 −442.62M CNY. Net income FY2025 14.82M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue49.98M CNY85.1M CNY102.87M CNY78.97M CNY31.16M CNY
Cost of goods sold13.43M CNY30.8M CNY38.71M CNY30.08M CNY12.39M CNY
Gross profit36.56M CNY54.3M CNY64.16M CNY48.89M CNY18.78M CNY
Research and development45.05M CNY251.76M CNY257.21M CNY311.17M CNY427.66M CNY
Selling, general, and administrative84.2M CNY143.06M CNY173.5M CNY195.69M CNY246.27M CNY
Operating expenses129.25M CNY394.82M CNY429.28M CNY506.86M CNY673.52M CNY
Interest income362.37K CNY508K CNY10.98M CNY3.89M CNY2.61M CNY
Interest expense2.17M CNY8.58M CNY8.95M CNY6.86M CNY3.08M CNY
Depreciation and amortization13.72M CNY11.82M CNY28.46M CNY21.98M CNY15.71M CNY
Operating income−92.7M CNY−340.52M CNY−366.55M CNY−457.97M CNY−655.15M CNY
Net income14.82M CNY−442.62M CNY−378.84M CNY−483.48M CNY−1.08B CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.15

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.22-0.11-0.43-0.76Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q3 2022, reported Aug 24, 2022: actual -0.691, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual -0.297, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual -0.551, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.314, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -0.623, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.074, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 0.153, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates51.03M37.38M23.74M10.09MQ3 '22No estimateQ1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ3 '26Estimate
Q3 2022, reported Aug 24, 2022: actual 40.68M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual 24.57M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 46.52M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 24.23M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 48.13M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 11.87M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 24.38M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 28, 2026: actual —, estimate 24.36M HKD, surprise —, Comparison unavailable.

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