CStone Pharmaceuticals

CStone Pharmaceuticals

4.70
HKD
-0.34
(-6.75%)
7.77BMarket Cap
Apr 01Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
0.99
0.21
0.41
0.37
0.32
0.19
- -
Basic EPS, GAAP
-0.12
-0.11
-0.48
-2.39
-1.17
-1.65
-0.77
-0.29
-0.07
-0.31
- -
Free Cash Flow per Basic Share
-0.22
-0.26
-0.81
-1.26
-0.55
-1.4
-0.61
-0.52
-0.24
-0.24
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.72
0.43
0.52
2.52
2.52
1.02
0.38
0.36
0.28
0.42
0.42
Tangible Book Value per Share
0.72
0.43
0.52
2.52
2.51
0.96
0.24
0.22
0.16
0.32
0.32
Basic Weighted Avg Shares
984
984
984
867
1,046
1,165
1,173
1,263
1,276
1,388
1,394
Sales/Revenue/Turnover
- -
- -
- -
- -
1,039
244
481
464
407
270
- -
Operating Margin (%)
- -
- -
- -
- -
-102.46
-735.88
-187.61
-125.01
-22.52
-154.87
- -
Depreciation Expense
- -
1
5
12
15
23
45
58
50
44
- -
Net Income, GAAP
-246
-309
-1,745
-2,308
-1,221
-1,920
-903
-367
-91
-437
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
-117.54
-787.84
-187.53
-79.17
-22.4
-162.1
- -
Working Capital
766
432
496
2,429
2,845
1,025
300
479
408
603
603
LT Debt
- -
- -
- -
- -
73
130
241
224
263
157
157
Total Equity
767
451
515
2,482
2,954
1,207
449
457
364
617
617
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-18.87
-99.8
-138.06
-44.92
-92.28
-109
-81.05
-22.23
-89.13
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
93
220
192
LT Borrowings
257
169
157
LT Finance Leases
5
2
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,277
1,361
1,474
Market Capitalization
2,760
5,303
6,980

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,090
901
1,113
Cash, Cash Equivalents & STI
673
653
919
Accounts Receivable, Net
84
63
34
Inventories
286
149
117
Total Current Liabilities
682
626
510
Payables & Accruals
- -
- -
- -
ST Debt
93
220
192
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-14.22%
69.5%
Free Cash Flow
- -
14.33%
8.09%
Net Income, GAAP
- -
49.78%
379.13%
Sales/Revenue/Turnover
- -
-5.74%
-33.8%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
464
2024
- -
- -
407
2025
- -
- -
270

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.29
2024
- -
- -
-0.07
2025
- -
- -
-0.31

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Jian Xin Yang
Full Time Employees
93
Sector
Health technology
Industry
Pharmaceuticals: major
Address
C1 Building Shanghai China 215123
IPO Date
Feb 26, 2019
Business
CStone Pharmaceuticals (HKEX: 2616), founded in 2015 and headquartered in Suzhou, China, is an innovation-driven biopharmaceutical company that researches, develops and commercializes immuno-oncology, precision medicines and antibody-drug conjugates (ADCs) targeting oncology, autoimmune and inflammatory diseases for patients primarily in China and globally. The company offers CEJEMLY (sugemalimab), a fully human anti-PD-L1 monoclonal antibody approved in China for five indications including first-line stage IV non-small cell lung cancer (NSCLC), stage III NSCLC, relapsed/refractory extranodal NK/T-cell lymphoma, esophageal squamous cell carcinoma and gastric/gastroesophageal junction adenocarcinoma, as well as approved in the EU and UK for first-line metastatic NSCLC; AYVAKIT (avapritinib), a KIT/PDGFRA inhibitor for unresectable or metastatic gastrointestinal stromal tumors harboring PDGFRA exon 18 mutations including D842V; GAVRETO (pralsetinib), a RET inhibitor for RET fusion-positive NSCLC, medullary thyroid cancer and thyroid cancer; nofazinlimab (CS1003), a PD-1 antibody in phase III for hepatocellular carcinoma; CS1002, a CTLA-4 antibody for solid tumors; and a Pipeline 2.0 featuring 16 candidates including CS5001 (ROR1 ADC) in phase Ib for lymphomas and solid tumors, CS2009 (PD-1/VEGF/CTLA-4 trispecific antibody) in global phase I for solid tumors, plus preclinical ADCs such as CS5007 (EGFR/HER3), CS5005 (SSTR2), CS5008 (DLL3/SSTR2), CS5006 (ITGB4) and bispecifics for autoimmune diseases, supported by an in-house ADC platform with proprietary linkers. Recent developments include new NDA approvals for sugemalimab in gastric cancer in China and NSCLC in the EU/UK in 2024; strategic commercialization partnerships for sugemalimab with Ewopharma (Central/Eastern Europe and Switzerland, May 2024), Pharmalink (MENA and South Africa, November 2024) and SteinCares (Latin America, January 2025), with further deals anticipated in Western Europe, Southeast Asia and Canada; NMPA approval for localized manufacturing of AYVAKIT in 2024 with full transition expected in 2025 and exclusive promotion rights granted to Hengrui Pharmaceuticals in July 2024; ongoing regulatory review for GAVRETO manufacturing localization; phase Ib advancement and compelling data for CS5001 at ASCO/ASH 2024 showing objective response rates up to 100% in Hodgkin lymphoma; global phase I initiation for CS2009 with first patient dosed in March 2025; and preclinical expansion into autoimmune therapies. CStone operates through subsidiaries with commercial partnerships including Pfizer in China for sugemalimab, Allist for GAVRETO and Hengrui for AYVAKIT, focusing on greater China while expanding ex-China presence across Europe, Middle East, Africa, Latin America and beyond.

Company News

  • CStone 2026 Interim Results: Accelerating Pipeline 2.0 Execution and Sustained Global Commercial Momentum

  • CStone 2026 Interim Results: Accelerating Pipeline 2.0 Execution and Sustained Global Commercial Momentum

  • CStone Pharmaceuticals Enters into Exclusive Commercialization Agreement with Arrotex for Sugemalimab across Australia and New Zealand

  • ASCO 2026 | CStone Presents Updated Clinical Data for CS2009 (PD-1/VEGF/CTLA-4 Trispecific Antibody), Reinforcing Triple-Target Synergy and Delivering Strong Proof-of-Concept

  • CStone Presented Preclinical Data for Three Novel or Differentiated ADCs at AACR 2026, Including CS5007 (EGFR/HER3)

  • CStone Announces 2025 Annual Results: Accelerated Expansion of Global Commercial Footprint and Efficient Advancement of Innovation Pipeline 2.0

  • CStone Updated Clinical Progress and Key Phase I/II Data for CS2009 (PD-1/VEGF/CTLA-4 Trispecific Antibody)

  • CStone Announces MHRA Approval in UK for Sugemalimab in Stage III NSCLC

  • CStone Announces FDA Clearance of IND Application for Its Novel Trispecific Antibody CS2009 (PD-1/VEGF/CTLA-4) to Advance into Phase II Clinical Trial