Akeso, Inc. logo

Akeso, Inc.

9926.HK

HKSEHealthcareBiotechnology

Latest quote

HK$88.35

−HK$1.90 · -2.11%

Aug 24, 4:08 PM HKT

9926.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Akeso, Inc. is a biopharmaceutical enterprise dedicated to the discovery, development, manufacturing, and commercialization of therapeutic solutions. The company boasts a diverse pipeline, with a significant focus on oncology. Its cancer-focused treatments include AK104, a PD-1/CTLA-4 bi-specific antibody in development for various malignancies such as cervical cancer, gastric cancer (GC), gastroesophageal junction (GEJ) adenocarcinoma, hepatocellular carcinoma (HCC), non-small cell lung cancer (NSCLC), small cell lung cancer (SCLC), nasopharyngeal carcinoma (NPC), clear cell renal cell carcinoma, and other solid tumors. Another bi-specific antibody, AK112, targets PD-1/VEGF and is being developed for solid and gynecological tumors, NSCLC, SCLC, and triple-negative breast cancer (TNBC). Akeso also has several monoclonal antibodies in its oncology portfolio: AK105, a PD-1 monoclonal antibody, is aimed at NSCLC, NPC, relapsed/refractory classic Hodgkin's lymphoma (R/R cHL), HCC, head and neck cancer, thyroid cancer, mesothelioma, thymic cancer, esophageal squamous cell carcinoma (ESCC), urothelial carcinoma (UC), GC, GEJ, cholangiocarcinoma, neuroendocrine tumors, and mismatch repair deficient solid tumors. AK117, a CD47 monoclonal antibody, is being investigated for myelodysplastic syndrome, acute myeloid leukemia, GC, GEJ, ESCC, TNBC, head and neck squamous cell carcinoma (HNSCC), R/R cHL, NPC, NSCLC, as well as general solid tumors and lymphomas. AK119, a CD73 monoclonal antibody, is under development for solid tumors. AK109, a VEGFR-2 monoclonal antibody, targets solid tumors and gastric cancer. Beyond oncology, Akeso is developing treatments for immunological and metabolic conditions: AK120, an IL-4R monoclonal antibody, for moderate-to-severe atopic dermatitis, asthma, and eosinophilic esophagitis. AK101, an IL-12/IL-23 monoclonal antibody, for moderate-to-severe psoriasis and ulcerative colitis. AK111, an IL-17 monoclonal antibody, for moderate-to-severe psoriasis and ankylosing spondylitis. AK102, a PCSK9 monoclonal antibody, designed to treat hypercholesterolemia. Its preclinical pipeline features AK127, a TIGIT monoclonal antibody for solid tumors, and AK115, an NGF monoclonal antibody. Akeso, Inc. collaborates with key partners including Pfizer Pharmaceuticals, AstraZeneca Pharmaceuticals, and the MD Anderson Medical Institute. The company was established in 2012 and operates from its headquarters in Zhongshan, People's Republic of China.

Industry
Biotechnology
Sector
Healthcare
Headquarters
CN
CEO
Yu Xia
Listed since
Apr 24, 2020
Employees
3,761

Market position

Day range

Current HK$88.35

52-week range

Current HK$88.35

Open
HK$91.85
Previous close
HK$90.25
Volume
10.12M
0.82× average
Average volume
12.35M
Average daily volume
Market cap
81.28B HKD
Beta
0.03
Market reference 1
50-day average
HK$94.068
-6.08% below average
200-day average
HK$112.16
-21.23% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
87.37B CNY
P/E (TTM)
-62.17×
P/B (TTM)
7.63×
P/S (TTM)
23.04×
EV / EBITDA
-131.76×
Earnings yield
-1.18%
Free cash flow yield
-1.99%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
78.66%
Operating margin
-29.57%
Net margin
-36.45%
Return on equity
-11.98%
Return on assets
-6.77%
Return on invested capital
-6.38%

Financial health

Debt / equity
0.5×
Current ratio
5.14×
Altman Z-score
6.34
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 trends167%-112%-390%-668%Gross margin, FY2021: 86.61%Gross margin, FY2022: 87.69%Gross margin, FY2023: 97.06%Gross margin, FY2024: 86.39%Gross margin, FY2025: 78.66%Operating margin, FY2021: -598.43%Operating margin, FY2022: -160.00%Operating margin, FY2023: 45.16%Operating margin, FY2024: -26.86%Operating margin, FY2025: -30.84%Net margin, FY2021: -476.42%Net margin, FY2022: -139.48%Net margin, FY2023: 44.81%Net margin, FY2024: -24.22%Net margin, FY2025: -36.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 86.61%. Gross margin FY2022 87.69%. Gross margin FY2023 97.06%. Gross margin FY2024 86.39%. Gross margin FY2025 78.66%. Operating margin FY2021 -598.43%. Operating margin FY2022 -160.00%. Operating margin FY2023 45.16%. Operating margin FY2024 -26.86%. Operating margin FY2025 -30.84%. Net margin FY2021 -476.42%. Net margin FY2022 -139.48%. Net margin FY2023 44.81%. Net margin FY2024 -24.22%. Net margin FY2025 -36.42%.

Income trends

Revenue

2.98B CNY+40.17%

Operating income

−918.23M CNY-60.97%

Net income

−1.08B CNY-110.73%
Income trends across reported periods5.11B CNY2.76B CNY412.73M CNY−1.94B CNYRevenue, FY2021: 225.63M CNYRevenue, FY2022: 837.66M CNYRevenue, FY2023: 4.53B CNYRevenue, FY2024: 2.12B CNYRevenue, FY2025: 2.98B CNYOperating income, FY2021: −1.35B CNYOperating income, FY2022: −1.34B CNYOperating income, FY2023: 2.04B CNYOperating income, FY2024: −570.42M CNYOperating income, FY2025: −918.23M CNYNet income, FY2021: −1.07B CNYNet income, FY2022: −1.17B CNYNet income, FY2023: 2.03B CNYNet income, FY2024: −514.52M CNYNet income, FY2025: −1.08B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 225.63M CNY. Revenue FY2022 837.66M CNY. Revenue FY2023 4.53B CNY. Revenue FY2024 2.12B CNY. Revenue FY2025 2.98B CNY. Operating income FY2021 −1.35B CNY. Operating income FY2022 −1.34B CNY. Operating income FY2023 2.04B CNY. Operating income FY2024 −570.42M CNY. Operating income FY2025 −918.23M CNY. Net income FY2021 −1.07B CNY. Net income FY2022 −1.17B CNY. Net income FY2023 2.03B CNY. Net income FY2024 −514.52M CNY. Net income FY2025 −1.08B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.98B CNY2.12B CNY4.53B CNY837.66M CNY225.63M CNY
Cost of goods sold635.42M CNY289.04M CNY133.25M CNY103.11M CNY30.22M CNY
Gross profit2.34B CNY1.83B CNY4.39B CNY734.54M CNY195.41M CNY
Research and development1.53B CNY1.19B CNY1.25B CNY1.32B CNY1.12B CNY
Selling, general, and administrative1.69B CNY1.21B CNY1.09B CNY751.67M CNY422.67M CNY
Operating expenses3.22B CNY2.34B CNY2.34B CNY2.07B CNY1.47B CNY
Interest income291.45M CNY206.38M CNY119.73M CNY21.97M CNY12.41M CNY
Interest expense127.59M CNY68.26M CNY86.99M CNY43.29M CNY
Depreciation and amortization255.13M CNY125.32M CNY142.77M CNY105.79M CNY47.73M CNY
Operating income−918.23M CNY−570.42M CNY2.04B CNY−1.34B CNY−1.35B CNY
Net income−1.08B CNY−514.52M CNY2.03B CNY−1.17B CNY−1.07B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
1 beat, 0 misses, 0 met estimates
Average EPS surprise
+42.74%
1 comparable report
Latest EPS result
-0.65

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.621.870.11-1.64Q3 '22No estimateQ1 '23BeatQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 24, 2022: actual -0.907, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 16, 2023: actual -0.733, estimate -1.28, surprise +42.74%, Beat. Q3 2023, reported Aug 30, 2023: actual 3.26, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 19, 2024: actual -0.656, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual -0.3, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 30, 2025: actual -0.342, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual -0.696, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual -0.645, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.23B3.04B1.85B652.99MQ1 '23MissQ3 '23BeatQ1 '24MissQ3 '24MissQ1 '25MissQ3 '25BeatQ1 '26MissQ3 '26Estimate
Q1 2023, reported Mar 16, 2023: actual 768.22M HKD, estimate 799.21M HKD, surprise -3.88%, Miss. Q3 2023, reported Aug 30, 2023: actual 3.98B HKD, estimate 3.37B HKD, surprise +18.16%, Beat. Q1 2024, reported Mar 19, 2024: actual 940.11M HKD, estimate 1.18B HKD, surprise -20.66%, Miss. Q3 2024, reported Aug 29, 2024: actual 1.1B HKD, estimate 1.17B HKD, surprise -6.22%, Miss. Q1 2025, reported Mar 30, 2025: actual 1.17B HKD, estimate 1.38B HKD, surprise -15.49%, Miss. Q3 2025, reported Aug 26, 2025: actual 1.54B HKD, estimate 1.53B HKD, surprise +1.11%, Beat. Q1 2026, reported Mar 26, 2026: actual 1.86B HKD, estimate 2.09B HKD, surprise -11.07%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 2.74B HKD, surprise —, Comparison unavailable.

9926.HK peers

ETFs holding 9926.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research 9926.HK

research.disclaimer