Jiangsu Recbio Technology Co., Ltd. logo

Jiangsu Recbio Technology Co., Ltd.

2179.HK

HKSEHealthcareBiotechnology

Latest quote

HK$5.00

−HK$0.13 · -2.53%

Aug 21, 6:09 PM HKT

2179.HK company overview

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Company profile

Company website

Jiangsu Recbio Technology Co., Ltd. operates as a biotechnology company primarily engaged in the pioneering research, development, and eventual market introduction of subunit vaccines throughout the People's Republic of China. A significant portion of its pipeline is dedicated to combating human papillomavirus (HPV)-related diseases, including cervical cancer and genital warts. Its most advanced candidate, REC603, is a recombinant 9-valent HPV vaccine currently undergoing Phase III clinical trials. Additionally, two bivalent HPV vaccines, REC601 and REC602, are progressing through Phase I trials. Further early-stage development includes the quadrivalent REC604a and 9-valent REC604b recombinant HPV vaccines, both in preclinical stages. Beyond HPV, the company boasts a diverse pipeline addressing other infectious diseases. Its COVID-19 efforts include ReCOV, a recombinant vaccine candidate in Phase II/III trials, and the preclinical messenger RNA (mRNA) candidate, R520A. Other preclinical projects target various conditions, such as the recombinant shingles vaccine REC610, the virus-vectored adult tuberculosis vaccine REC607, and its recombinant counterpart REC606. Also in preclinical development are the recombinant quadrivalent influenza vaccine REC617 and the recombinant quadrivalent hand-foot-mouth disease vaccine REC605. Established in 2011, Recbio Technology maintains its headquarters in Taizhou, People's Republic of China.

Industry
Biotechnology
Sector
Healthcare
Headquarters
CN
CEO
Yong Liu
Listed since
Mar 31, 2022
Employees
491

Market position

Day range

Current HK$5.00

52-week range

Current HK$5.00

Open
HK$5.00
Previous close
HK$5.13
Volume
5K
0.3× average
Average volume
16.52K
Average daily volume
Market cap
2.65B HKD
Beta
0.08
Market reference 1
50-day average
HK$4.9442
+1.13% above average
200-day average
HK$4.9381
+1.25% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-5.57×
P/B (TTM)
5.3×
P/S (TTM)
1,233.79×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-2744.36%
Operating margin
-25462.50%
Net margin
-25728.03%

Financial health

Debt / equity
1.35×
Altman Z-score
-1.32
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1753%-4860%-11473%-18087%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 73.54%Gross margin, FY2024: 59.04%Gross margin, FY2025: -737.80%Operating margin, FY2021: -9879.90%Operating margin, FY2022: -16433.33%Operating margin, FY2023: -2033.60%Operating margin, FY2024: -2117.56%Operating margin, FY2025: -4750.09%Net margin, FY2021: -10607.53%Net margin, FY2022: -13506.10%Net margin, FY2023: -1882.86%Net margin, FY2024: -2082.54%Net margin, FY2025: -4796.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 73.54%. Gross margin FY2024 59.04%. Gross margin FY2025 -737.80%. Operating margin FY2021 -9879.90%. Operating margin FY2022 -16433.33%. Operating margin FY2023 -2033.60%. Operating margin FY2024 -2117.56%. Operating margin FY2025 -4750.09%. Net margin FY2021 -10607.53%. Net margin FY2022 -13506.10%. Net margin FY2023 -1882.86%. Net margin FY2024 -2082.54%. Net margin FY2025 -4796.40%.

Income trends

Revenue

12.4M CNY-54.10%

Operating income

−588.85M CNY-2.97%

Net income

−594.59M CNY-5.73%
Income trends across reported periods120.92M CNY−241.26M CNY−603.44M CNY−965.62M CNYRevenue, FY2021: 6.2M CNYRevenue, FY2022: 5.33M CNYRevenue, FY2023: 30.38M CNYRevenue, FY2024: 27.01M CNYRevenue, FY2025: 12.4M CNYOperating income, FY2021: −612.46M CNYOperating income, FY2022: −875.08M CNYOperating income, FY2023: −617.75M CNYOperating income, FY2024: −571.85M CNYOperating income, FY2025: −588.85M CNYNet income, FY2021: −657.56M CNYNet income, FY2022: −719.2M CNYNet income, FY2023: −571.96M CNYNet income, FY2024: −562.39M CNYNet income, FY2025: −594.59M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.2M CNY. Revenue FY2022 5.33M CNY. Revenue FY2023 30.38M CNY. Revenue FY2024 27.01M CNY. Revenue FY2025 12.4M CNY. Operating income FY2021 −612.46M CNY. Operating income FY2022 −875.08M CNY. Operating income FY2023 −617.75M CNY. Operating income FY2024 −571.85M CNY. Operating income FY2025 −588.85M CNY. Net income FY2021 −657.56M CNY. Net income FY2022 −719.2M CNY. Net income FY2023 −571.96M CNY. Net income FY2024 −562.39M CNY. Net income FY2025 −594.59M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue12.4M CNY27.01M CNY30.38M CNY5.33M CNY6.2M CNY
Cost of goods sold103.86M CNY11.06M CNY8.04M CNY
Gross profit−91.46M CNY15.95M CNY22.34M CNY5.33M CNY6.2M CNY
Research and development481.41M CNY476.12M CNY487.85M CNY716.44M CNY472.95M CNY
Selling, general, and administrative13.95M CNY111.67M CNY152.24M CNY163.96M CNY146.51M CNY
Operating expenses497.39M CNY587.79M CNY640.09M CNY880.4M CNY619.46M CNY
Interest income2.73M CNY2.48M CNY32.01M CNY23.98M CNY10.36M CNY
Interest expense23.34M CNY3.53M CNY56.31M CNY
Depreciation and amortization102.41M CNY47.88M CNY47.88M CNY27.41M CNY22.46M CNY
Operating income−588.85M CNY−571.85M CNY−617.75M CNY−875.08M CNY−612.46M CNY
Net income−594.59M CNY−562.39M CNY−571.96M CNY−719.2M CNY−657.56M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
1 beat, 0 misses, 0 met estimates
Average EPS surprise
+49.52%
1 comparable report
Latest EPS result
-0.39
Estimate -0.78 · Beat by 49.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.35-0.51-0.66-0.82Q3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26BeatQ2 '27Estimate
Q3 2023, reported Aug 25, 2023: actual -0.616, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual -0.577, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual -0.559, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.681, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -0.778, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual -0.478, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 19, 2026: actual -0.392, estimate -0.777, surprise +49.52%, Beat. Q2 2027, reported Apr 1, 2027: actual —, estimate -0.777, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates58.67M39.68M20.69M1.7MQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26BeatQ2 '27Estimate
Q3 2023, reported Aug 25, 2023: actual 4.97M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 28.53M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 18.92M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 9.98M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 11.94M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual 2M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 19, 2026: actual 54.47M HKD, estimate 11.93M HKD, surprise +356.48%, Beat. Q2 2027, reported Apr 1, 2027: actual —, estimate 11.93M HKD, surprise —, Comparison unavailable.

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