BaTeLab Co., Ltd.

BaTeLab Co., Ltd.

HHKEX:2149
29.30
HKD
+0.54
(+1.88%)
2.71BMarket Cap
Mar 31Next Earn
BaTeLab Co., Ltd.
HKEX:2149
(Hong Kong Exchange)

Recent

price

29.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
CNY
1.48
3.55
5.88
10.27
9.65
9.45
- -
Revenue per Share
0.23
0.95
1.59
2.42
2.78
1.97
- -
Basic EPS, GAAP
-0.79
-0.46
-0.84
-0.3
-0.45
-1.79
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.56
5.01
6.6
13.97
16.75
20.36
20.36
Book Value per Share
0.56
5
6.59
13.96
16.74
20.35
20.35
Tangible Book Value per Share
60
60
60
45
60
62
62
Basic Weighted Avg Shares
89
213
353
464
579
584
- -
Sales/Revenue/Turnover
19.08
28.03
25.35
24.03
26.24
21.94
- -
Operating Margin (%)
1
3
3
6
8
9
- -
Depreciation Expense
14
57
95
109
167
122
- -
Net Income, GAAP
- -
- -
1.61
- -
- -
- -
- -
Effective Tax Rate (%)
15.77
26.78
27.02
23.53
28.78
20.89
- -
Profit Margin (%)
133
260
335
740
849
1,033
1,033
Working Capital
- -
4
3
4
1
3
3
LT Debt
34
301
396
838
1,005
1,283
1,283
Total Equity
- -
31.08
23.2
14.94
- -
9.18
- -
Return on Invested Capital (%)
- -
31.08
23.2
14.94
- -
9.18
- -
Return on Capital (%)
- -
34.07
27.36
17.69
18.08
10.67
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
324
364
238
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
63
63
Market Capitalization
1,534
3,398
2,434

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,451
1,687
1,587
Cash, Cash Equivalents & STI
636
636
548
Accounts Receivable, Net
51
71
51
Inventories
315
382
467
Total Current Liabilities
602
624
554
Payables & Accruals
- -
- -
- -
ST Debt
324
364
238
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
196.02%
27.64%
Free Cash Flow
- -
75.91%
311.07%
Net Income, GAAP
- -
82.95%
-26.77%
Sales/Revenue/Turnover
- -
52.55%
0.92%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
464
2024
- -
- -
579
2025
- -
- -
584

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2.42
2024
- -
- -
2.78
2025
- -
- -
1.97

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
Business
BaTelab Co Ltd (2149.HK) is a biotechnology company focused on developing innovative testing solutions for the catering and food service industries. The company offers core products and services including saliva-based rapid test kits for COVID-19 detection, such as the Batelab® Saliva Antigen Rapid Test Kit; nucleic acid extraction systems like the Batelab® Viral Nucleic Acid Extraction Kit; and automated diagnostic platforms such as the Batelab® All-in-One Auto Nucleic Acid Extraction and Real-time PCR System, which enable high-throughput testing for pathogens including SARS-CoV-2, influenza, and respiratory syncytial virus; alongside customized OEM and ODM services for diagnostic reagents and instruments. These offerings cater primarily to healthcare providers, laboratories, and food service operators seeking efficient, non-invasive diagnostic tools. Founded in 2020 and headquartered in Hong Kong, BaTelab operates across Asia with distribution networks in mainland China, Southeast Asia, and expanding into international markets. The company targets B2B customers in the medical diagnostics and food safety sectors, emphasizing point-of-care testing solutions that reduce turnaround times and operational costs. In recent developments, BaTelab secured strategic partnerships with major diagnostic distributors in Southeast Asia in 2024 to broaden its market penetration; launched upgraded versions of its saliva test kits incorporating multiplex detection capabilities for multiple respiratory viruses in early 2025; and completed a funding round through its Hong Kong Stock Exchange listing in 2023, supporting R&D expansions into food pathogen testing kits. Additionally, the company reorganized its production facilities in 2024 to enhance capacity amid rising global demand for rapid diagnostics post-pandemic.