Biocytogen Pharmaceuticals (Beijing) Co., Ltd. logo

Biocytogen Pharmaceuticals (Beijing) Co., Ltd.

2315.HK

HKSEHealthcareBiotechnology

Latest quote

HK$59.75

−HK$5.25 · -8.08%

Aug 24, 4:08 PM HKT

2315.HK company overview

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Company profile

Company website

Biocytogen Pharmaceuticals (Beijing) Co., Ltd., established in 2009 with its main office in Beijing, China, operates as a global biotechnology firm. Its core business involves the international research and development of antibody-based treatments. The company's drug development portfolio currently features a dozen key product candidates; specifically, two are actively progressing through multi-regional Phase II clinical trials, while another pair is in Phase I clinical assessments. Their therapeutic focus spans critical health areas such as oncology, autoimmune disorders, inflammatory conditions, metabolic diseases, and other ailments. Supporting these pharmaceutical ventures, the broader Beijing Biocytogen Co., Ltd. group, which commenced operations in 2008, also in Beijing, specializes in the creation and large-scale distribution of genetically modified animal models. This group provides comprehensive preclinical research services, leveraging its expertise in advanced gene-humanized models, patient-derived xenograft (PDX) models, and human immune system reconstituted models. Their extensive catalog includes a diverse array of specialized gene-edited mice and rats – for example, B-NDG mice, various Cre and knockout (KO) lines (like B-p53 KO and B-ApoE KO), knock-in (KI) models, B-hFcgrt (FcRn) mice, in addition to genome-edited human embryonic stem cells (hESC) and luciferase-reporter stable tumor cell lines. Furthermore, this overarching Biocytogen entity has cultivated an advanced platform dedicated to antibody discovery and development. It offers specialized pharmacology services across vital domains including tumor immunology, general oncology, autoimmune research, and both in vivo and in vitro pharmacological evaluations. The group also makes its products accessible through online sales channels. Beyond its primary location in Beijing, China, the company maintains additional facilities in Haimen, Jiangsu, and Shanghai, China, as well alongside international branches in Heidelberg, Germany, and Boston, United States.

Industry
Biotechnology
Sector
Healthcare
Headquarters
CN
CEO
Yuelei Shen
Listed since
Sep 1, 2022
Employees
1,443

Market position

Day range

Current HK$59.75

52-week range

Current HK$59.75

Open
HK$65.75
Previous close
HK$65.00
Volume
1.25M
0.73× average
Average volume
1.7M
Average daily volume
Market cap
24.23B HKD
Beta
0.14
Market reference 1
50-day average
HK$52.1232
+14.63% above average
200-day average
HK$47.0838
+26.90% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.71B CNY
P/E (TTM)
118.83×
P/B (TTM)
9.43×
P/S (TTM)
15.07×
EV / EBITDA
27.91×
Earnings yield
1.37%
Free cash flow yield
2.23%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
75.83%
Operating margin
20.21%
Net margin
12.56%
Return on equity
7.96%
Return on assets
4.65%
Return on invested capital
8.49%

Financial health

Debt / equity
0.27×
Current ratio
2.31×
Altman Z-score
9.35
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%8%-84%-177%Gross margin, FY2021: 69.79%Gross margin, FY2022: 73.38%Gross margin, FY2023: 70.59%Gross margin, FY2024: 77.67%Gross margin, FY2025: 75.83%Operating margin, FY2021: -142.66%Operating margin, FY2022: -99.36%Operating margin, FY2023: -37.70%Operating margin, FY2024: 16.76%Operating margin, FY2025: 20.21%Net margin, FY2021: -153.88%Net margin, FY2022: -112.79%Net margin, FY2023: -53.42%Net margin, FY2024: 3.42%Net margin, FY2025: 12.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 69.79%. Gross margin FY2022 73.38%. Gross margin FY2023 70.59%. Gross margin FY2024 77.67%. Gross margin FY2025 75.83%. Operating margin FY2021 -142.66%. Operating margin FY2022 -99.36%. Operating margin FY2023 -37.70%. Operating margin FY2024 16.76%. Operating margin FY2025 20.21%. Net margin FY2021 -153.88%. Net margin FY2022 -112.79%. Net margin FY2023 -53.42%. Net margin FY2024 3.42%. Net margin FY2025 12.56%.

Income trends

Revenue

1.38B CNY+40.63%

Operating income

278.6M CNY+69.50%

Net income

173.2M CNY+416.36%
Income trends across reported periods1.58B CNY784.52M CNY−7.87M CNY−800.25M CNYRevenue, FY2021: 354.56M CNYRevenue, FY2022: 533.88M CNYRevenue, FY2023: 716.91M CNYRevenue, FY2024: 980.45M CNYRevenue, FY2025: 1.38B CNYOperating income, FY2021: −505.82M CNYOperating income, FY2022: −530.44M CNYOperating income, FY2023: −270.29M CNYOperating income, FY2024: 164.37M CNYOperating income, FY2025: 278.6M CNYNet income, FY2021: −545.58M CNYNet income, FY2022: −602.16M CNYNet income, FY2023: −382.95M CNYNet income, FY2024: 33.54M CNYNet income, FY2025: 173.2M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 354.56M CNY. Revenue FY2022 533.88M CNY. Revenue FY2023 716.91M CNY. Revenue FY2024 980.45M CNY. Revenue FY2025 1.38B CNY. Operating income FY2021 −505.82M CNY. Operating income FY2022 −530.44M CNY. Operating income FY2023 −270.29M CNY. Operating income FY2024 164.37M CNY. Operating income FY2025 278.6M CNY. Net income FY2021 −545.58M CNY. Net income FY2022 −602.16M CNY. Net income FY2023 −382.95M CNY. Net income FY2024 33.54M CNY. Net income FY2025 173.2M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.38B CNY980.45M CNY716.91M CNY533.88M CNY354.56M CNY
Cost of goods sold333.22M CNY218.94M CNY210.88M CNY142.13M CNY107.12M CNY
Gross profit1.05B CNY761.52M CNY506.03M CNY391.75M CNY247.44M CNY
Research and development438.05M CNY323.93M CNY474.37M CNY699.17M CNY558.49M CNY
Selling, general, and administrative400.45M CNY311.35M CNY349.09M CNY313.66M CNY83.39M CNY
Operating expenses766.99M CNY597.15M CNY776.32M CNY997.75M CNY772.89M CNY
Interest income4.27M CNY5.9M CNY10.16M CNY2.17M CNY12.51M CNY
Interest expense71M CNY91.68M CNY99.84M CNY56.14M CNY39.43M CNY
Depreciation and amortization160.46M CNY169.18M CNY182.45M CNY138.74M CNY128.1M CNY
Operating income278.6M CNY164.37M CNY−270.29M CNY−530.44M CNY−505.82M CNY
Net income173.2M CNY33.54M CNY−382.95M CNY−602.16M CNY−545.58M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
20%
1 beat, 4 misses, 0 met estimates
Average EPS surprise
+397.85%
5 comparable reports
Latest EPS result
0.34

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.45-0.06-0.57-1.08Q3 '22No estimateQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25BeatQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Sep 26, 2022: actual -0.855, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 27, 2023: actual -0.974, estimate -0.555, surprise -75.51%, Miss. Q3 2023, reported Aug 28, 2023: actual -0.519, estimate -0.443, surprise -17.07%, Miss. Q1 2024, reported Mar 27, 2024: actual -0.528, estimate -0.484, surprise -9.09%, Miss. Q3 2024, reported Aug 28, 2024: actual -0.14, estimate -0.129, surprise -8.34%, Miss. Q1 2025, reported Mar 26, 2025: actual 0.234, estimate 0.011, surprise +2099.25%, Beat. Q3 2025, reported Aug 28, 2025: actual 0.132, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.345, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates889.08M668.76M448.45M228.13MQ3 '22No estimateQ1 '23MissQ3 '23BeatQ1 '24BeatQ3 '24BeatQ1 '25BeatQ3 '25MissQ1 '26Met
Q3 2022, reported Sep 26, 2022: actual 268.39M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 27, 2023: actual 344.98M HKD, estimate 393.6M HKD, surprise -12.35%, Miss. Q3 2023, reported Aug 28, 2023: actual 353.2M HKD, estimate 339.17M HKD, surprise +4.14%, Beat. Q1 2024, reported Mar 27, 2024: actual 429.14M HKD, estimate 404.55M HKD, surprise +6.08%, Beat. Q3 2024, reported Aug 28, 2024: actual 441.05M HKD, estimate 440.74M HKD, surprise +0.07%, Beat. Q1 2025, reported Mar 26, 2025: actual 606.32M HKD, estimate 571.12M HKD, surprise +6.16%, Beat. Q3 2025, reported Aug 28, 2025: actual 680.45M HKD, estimate 788.54M HKD, surprise -13.71%, Miss. Q1 2026, reported Mar 26, 2026: actual 843.1M HKD, estimate 843.1M HKD, surprise 0.00%, Met estimate.

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