Mabpharm Limited

Mabpharm Limited

HHKEX:2181
0.46
HKD
+0.02
(+4.55%)
2.06BMarket Cap
Mar 31Next Earn
Mabpharm Limited
HKEX:2181
(Hong Kong Exchange)

Recent

price

0.46

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
- -
- -
- -
- -
0.02
0.01
0.02
0.06
0.16
- -
Revenue per Share
-0.01
-0.03
-0.05
-0.04
-0.07
-0.05
-0.05
-0.03
0.01
- -
Basic EPS, GAAP
-0.02
-0.04
-0.07
-0.08
-0.08
-0.04
0.01
-0.02
-0.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.02
0.06
0.26
0.21
0.15
0.1
0.05
0.02
0.04
0.04
Book Value per Share
0.02
0.05
0.26
0.21
0.15
0.1
0.05
0.01
0.01
0.01
Tangible Book Value per Share
4,124
4,124
3,802
4,124
4,124
4,124
4,124
4,124
4,124
4,124
Basic Weighted Avg Shares
- -
- -
- -
- -
83
56
87
258
646
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
-343.45
-356.26
-227.49
-42.72
2.02
- -
Operating Margin (%)
10
12
22
24
44
52
61
61
60
- -
Depreciation Expense
-31
-125
-203
-185
-292
-211
-209
-128
57
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
-352
-377.01
-240.19
-49.55
8.84
- -
Profit Margin (%)
84
104
685
366
13
13
26
54
-100
-100
Working Capital
65
65
35
32
36
113
135
214
93
93
LT Debt
153
250
1,054
881
602
401
205
89
157
157
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-71.49
-31.08
-19.08
-39.33
-42.04
-69.09
-87.04
46.4
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
97
110
234
LT Borrowings
184
166
66
LT Finance Leases
30
28
27
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,124
4,124
4,124
Market Capitalization
1,085
1,825
1,853

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
366
410
434
Cash, Cash Equivalents & STI
89
94
109
Accounts Receivable, Net
95
145
153
Inventories
111
146
137
Total Current Liabilities
312
383
534
Payables & Accruals
- -
- -
- -
ST Debt
97
110
234
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-18.74%
76.88%
Free Cash Flow
- -
-99.4%
-63.49%
Net Income, GAAP
- -
-30.79%
-144.65%
Sales/Revenue/Turnover
- -
- -
150.2%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
87
2024
- -
- -
258
2025
- -
- -
646

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.05
2024
- -
- -
-0.03
2025
- -
- -
0.01

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
Business
Mabpharm Limited Mabpharm Limited (2181.HK) is a China-based biopharmaceutical company that engages in the research, development, production, and commercialization of monoclonal antibody drugs and biosimilars primarily for the treatment of cancer and autoimmune diseases; its core approved products include CMAB009 Enlituo (cetuximab beta injection) for first-line treatment of RAS/BRAF wild-type metastatic colorectal cancer in combination with FOLFIRI, CMAB007 Aomaishu (omalizumab alpha for injection) for moderate-to-severe persistent allergic asthma and chronic idiopathic urticaria, and CMAB008 Leiting (infliximab for injection) for rheumatoid arthritis, Crohn's disease, and ulcerative colitis; the company's pipeline further encompasses Phase III candidates such as CMAB819 for metastatic non-small cell lung cancer, hepatocellular carcinoma, and head and neck squamous cell carcinomas, alongside preclinical-stage assets including CMAB017 for advanced solid tumors, CMAB018 (mepolizumab biosimilar) for asthma, and CMAB023 (tezepelumab biosimilar) for asthma and related conditions. Mabpharm Limited operates a large-scale GMP antibody production base through its wholly-owned subsidiary Taizhou Mabtech Pharmaceutical Co., Ltd., equipped with multiple 1,500-liter bioreactors, filling lines producing millions of vials and prefilled syringes annually, and capabilities in contract development and manufacturing organization (CDMO) services; it primarily serves the domestic Chinese market with expansion into intellectual property transfers and international branding efforts. Founded in 2005 and listed on the Hong Kong Stock Exchange in 2019 with headquarters in Taizhou, Zhejiang Province, China, the company marked a key milestone in June 2024 with regulatory approval of CMAB009 by the National Medical Products Administration, enhancing its oncology portfolio amid ongoing advancements in its nine monoclonal antibody and one probody drug pipeline.