Cutia Therapeutics

Cutia Therapeutics

HHKEX:2487
0.70
HKD
+0.03
(+4.48%)
1.65BMarket Cap
Mar 30Next Earn
Cutia Therapeutics
HKEX:2487
(Hong Kong Exchange)

Recent

price

0.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

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

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
- -
- -
- -
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.