Cutia Therapeutics

Cutia Therapeutics

HHKEX:2487
0.67
HKD
-0.05
(-6.94%)
1.65BMarket Cap
Mar 30Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.01
0.04
0.67
0.91
1.02
- -
Basic EPS, GAAP
-1.05
-1.83
-9.6
-1.41
-1.03
- -
Free Cash Flow per Basic Share
-0.61
-1.22
-2.14
-1.53
-0.92
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-2.6
-4.1
4.44
3.06
2.44
2.44
Tangible Book Value per Share
-2.6
-4.1
4.41
3.03
2.41
2.41
Basic Weighted Avg Shares
304
304
205
307
331
341
Sales/Revenue/Turnover
2
11
138
280
336
- -
Operating Margin (%)
-8,675.17
-2,665.42
-382.91
-162.78
-86.48
- -
Depreciation Expense
10
19
42
45
43
- -
Net Income, GAAP
-320
-556
-1,964
-434
-340
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-15,681.11
-4,890.34
-1,426.91
-155.15
-101.2
- -
Working Capital
1,382
1,068
1,162
764
773
773
LT Debt
23
45
103
95
135
135
Total Equity
-791
-1,246
1,349
975
885
885
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-37.34
-36.58
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
226
209
182
LT Borrowings
50
36
85
LT Finance Leases
45
46
51
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
319
319
363
Market Capitalization
2,119
2,921
1,482

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,087
823
1,043
Cash, Cash Equivalents & STI
876
682
788
Accounts Receivable, Net
99
37
176
Inventories
75
63
35
Total Current Liabilities
323
260
270
Payables & Accruals
- -
- -
- -
ST Debt
226
209
182
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-9.18%
Free Cash Flow
- -
- -
-35.35%
Net Income, GAAP
- -
- -
-21.58%
Sales/Revenue/Turnover
- -
- -
20.22%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
138
2024
- -
- -
280
2025
- -
- -
336

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-9.6
2024
- -
- -
-1.41
2025
- -
- -
-1.03

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Le Le Zhang
Full Time Employees
304
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Huanzhi Building Shanghai SH China 200070
IPO Date
Jun 12, 2023
Business
Cutia Therapeutics (2487.HK), an investment holding company incorporated in the Cayman Islands in 2019 and headquartered at 20/F, Huanzhi Building, 436 Hengfeng Road, Jingan District, Shanghai, China, engages in the research, development, manufacture, and commercialization of dermatology products targeting scalp diseases and care; skin diseases and care; topical anesthesia; and localized adipose accumulation management primarily in the People's Republic of China, Hong Kong, with manufacturing in Wuxi, Jiangsu and R&D centers in Shanghai and Beijing. The company leverages its proprietary CATAME technology platform to develop creams, sprays, ointments, aerosol foams, and other topical dosage forms, with a pipeline of 11 products including two marketed products, five clinical-stage candidates, and four preclinical assets. Core approved products comprise CU-40102, the first global topical finasteride spray approved by China's NMPA in June 2025 and Hong Kong's Department of Health in August 2025 for androgenetic alopecia in males via localized 5-alpha reductase inhibition with reduced systemic exposure versus oral formulations; and CU-10201, the first global topical 4% minocycline foam with NMPA priority review approval in November 2024 for moderate-to-severe non-nodular acne vulgaris in patients aged nine and older, offering lower side effects, drug resistance, and improved compliance over oral antibiotics. Key pipeline assets include CU-20401, a recombinant mutant collagenase in Phase II for submental fat reduction demonstrating statistically significant efficacy, dose-response trends, and favorable safety with no serious adverse events; CU-30101, a lidocaine-tetracaine cream with NMPA marketing application accepted in July 2024 post-Phase III equivalence to Pliaglis for surface dermatologic anesthesia; CU-10101, a non-hormonal small molecule in Phase I for mild-to-moderate atopic dermatitis since September 2024; and scalp candidates such as CU-40101, CU-40103, and CU-40104. Cutia Therapeutics recently raised HK$240.26 million in August 2025 through a 9.05% share placement at HK$8.40 per share to fund clinical trials, including CU-20401 Phase III advancement, commercialization of approved products, pipeline progression, and market expansion amid liquidity strengthening; terminated U.S. Phyto-C agency in H1 2025 to prioritize higher-return domestic launches like CU-40102 and CU-10201; activated GMP facilities in Wuxi with three production lines for creams, ointments, aerosols, and foams since 2023; and repurchased 1.3626 million shares in 2024 for treasury incentives. The company operates integrated capabilities from demand identification through clinical trials, regulatory approvals, manufacturing, and multichannel marketing via e-commerce platforms like Tmall and JD, social media, and hospital partnerships, serving diverse patient needs with 298 employees as of June 2025.