Qyuns Therapeutics Co., Ltd. Class H

Qyuns Therapeutics Co., Ltd. Class H

HHKEX:2509
16.56
HKD
-0.18
(-1.08%)
4.24BMarket Cap
Mar 26Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.72
3.61
- -
Basic EPS, GAAP
-1.85
-1.34
-2.29
-1.53
1.41
- -
Free Cash Flow per Basic Share
-0.82
-1.12
-1.39
-0.86
1.75
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
3.02
2.89
1.33
1.03
3.08
3.08
Tangible Book Value per Share
2.92
2.78
1.22
0.93
2.98
2.98
Basic Weighted Avg Shares
222
222
222
219
224
222
Sales/Revenue/Turnover
- -
- -
- -
159
807
- -
Operating Margin (%)
- -
- -
- -
-215.52
41.29
- -
Depreciation Expense
26
31
32
33
32
- -
Net Income, GAAP
-411
-298
-508
-336
314
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-211.33
38.97
- -
Working Capital
579
514
167
187
613
613
LT Debt
274
233
225
316
401
401
Total Equity
704
661
301
221
679
679
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-45.45
-108.44
-128.15
68.14
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
212
188
179
LT Borrowings
315
448
399
LT Finance Leases
- -
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
222
222
226
Market Capitalization
1,551
3,085
3,806

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
617
679
1,117
Cash, Cash Equivalents & STI
556
559
1,042
Accounts Receivable, Net
26
68
20
Inventories
3
6
8
Total Current Liabilities
430
451
504
Payables & Accruals
- -
- -
- -
ST Debt
212
188
179
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
207.21%
Free Cash Flow
- -
- -
-308.8%
Net Income, GAAP
- -
- -
-193.71%
Sales/Revenue/Turnover
- -
- -
408.18%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
159
2025
- -
- -
807

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-2.29
2024
- -
- -
-1.53
2025
- -
- -
1.41

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Ji Wan Qiu
Full Time Employees
337
Sector
Health technology
Industry
Biotechnology
Address
Building 1 Taizhou JS China
IPO Date
Mar 20, 2024
Website
qyuns.net
Business
Qyuns Therapeutics Co., Ltd. (2509.HK) is a clinical-stage biotechnology company that focuses on the research, development, industrialization, and commercialization of antibody drugs targeting autoimmune and allergic diseases. Founded in 2015 and headquartered in Taizhou, China, the company operates primarily in the People's Republic of China and pursues global expansion through strategic partnerships; it employs an integrated innovation platform encompassing monoclonal and bispecific antibodies across four key therapeutic areas: dermatology, respiratory, gastroenterology, and rheumatology. Core products and pipeline candidates include SAILEXIN (QX001S), a ustekinumab biosimilar and IL-12/IL-23p40 inhibitor approved by China's NMPA for psoriasis and co-developed with Huadong Medicine; QX002N, an IL-17A inhibitor in Phase III for ankylosing spondylitis with a planned biologics license application submission in the second half of 2025; QX005N, an IL-4Rα monoclonal antibody in Phase III for prurigo nodularis that has received Breakthrough Therapy Designation; QX004N, an IL-23p19 inhibitor in Phase II for psoriasis and Crohn's disease developed with Hansoh Pharma; QX008N, a TSLP monoclonal antibody in Phase Ib for moderate-to-severe asthma and chronic obstructive pulmonary disease (COPD) partnered with Joincare; QX006N, an IFNAR1-targeting monoclonal antibody in Phase Ib for systemic lupus erythematosus; QX007N, an IL-33 monoclonal antibody for COPD and asthma; QX010N, an IL-31R inhibitor for pruritus; QX013N, a c-kit targeting monoclonal antibody; QX027N, a long-acting bispecific antibody approved for clinical trials in asthma and atopic dermatitis; and QX030N, a preclinical asset out-licensed to Caldera Therapeutics. Recent developments include the company's listing on the Hong Kong Stock Exchange in March 2024; a global exclusive collaboration and license agreement with F. Hoffmann-La Roche Ltd in October 2025 for QX031N, a TSLP/IL-33 bispecific antibody for asthma and COPD, featuring a $75 million upfront payment, up to $995 million in milestones, and tiered royalties; an out-license agreement with Caldera Therapeutics in April 2025 for QX030N; ongoing commercialization of SAILEXIN with projected 2025 sales of RMB 300 million; advancement of QX027N into clinical trials; and transformation of subsidiary Cellularforce into a profit center to bolster production capabilities.