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Lepu Biopharma Co. Ltd. Class H (2157) AI Stock Analysis

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HK:2157

Lepu Biopharma Co. Ltd. Class H

(HKEX:2157)

Select Model
Rating:53Neutral
Price Target:HKD 3.50â–²(10.94% Upside)
Action:reiterated
Date:10/27/26

The score is driven primarily by mixed financial performance: a notable profitability and revenue inflection in 2025 is offset by continued negative operating/free cash flow and a meaningful debt load. Technically, the stock remains in a downtrend below key moving averages with weak momentum, while valuation appears mid-range based on the P/E.

Positive Factors
Revenue inflectionThe sharp revenue increase shows expanding commercial activity across the oncology-focused platform and provides a stronger base for operating leverage. If product demand and commercialization execution persist, the larger revenue scale can support reinvestment in pipeline development and improve earnings resilience.
Negative Factors
Negative cash generationNegative operating and free cash flow despite reported profitability indicates that earnings are not yet converting into cash. Persistent cash burn can increase reliance on external funding and constrain the company’s ability to finance oncology development and commercialization without added balance-sheet pressure.

Lepu Biopharma Co. Ltd. Class H (2157) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-50%-40%-30%-20%-10%0%10%20%HK:2157-50.08%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 5.69B
Dividend Yield
―
Average Volume (3M)
10.95M
Price to Earnings (P/E)
19.8
Beta (1Y)
0.65
Revenue Growth
46.90%
EPS Growth
―
Country
Hong Kong
Employees
646
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

Lepu Biopharma Co. Ltd. Class H Business Overview & Revenue Model

Company Description

Lepu Biopharma Co., Ltd. operates as a biopharmaceutical enterprise, concentrating its efforts on the development of innovative oncology therapies. It maintains a broad pipeline of cancer-fighting products primarily aimed at the Chinese market. The c...

How the Company Makes Money

The company makes money primarily through (1) sales of approved pharmaceutical products (where it has obtained marketing authorization and commercializes products in its target markets), and (2) out-licensing and collaboration arrangements related to...

Lepu Biopharma Co. Ltd. Class H Financial Statement Overview

Summary

Income statement shows a strong 2025 turnaround with rapid revenue growth and very high gross margins, but balance-sheet leverage remains meaningful and cash generation is weak. Negative operating and free cash flow in 2025 despite profitability raises sustainability and funding-risk concerns.

Income Statement

64Positive

Balance Sheet

55Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue976.31M910.67M367.79M225.35M15.57M0
Gross Profit772.15M732.10M292.97M197.07M13.57M-114.79M
EBITDA165.07M178.73M-295.67M86.95M-596.53M-848.43M
Net Income242.97M254.60M-411.38M-22.10M-689.05M-1.01B
Balance Sheet
Total Assets3.17B3.10B2.28B2.38B2.53B2.08B
Cash, Cash Equivalents and Short-Term Investments788.84M959.17M464.91M489.64M678.20M205.17M
Total Debt1.18B1.06B850.16M746.82M690.30M335.26M
Total Liabilities1.76B1.72B1.60B1.50B1.63B1.23B
Stockholders Equity1.41B1.39B702.83M896.90M900.76M836.71M
Cash Flow
Free Cash Flow-258.47M-82.80M-258.14M-292.04M-591.38M-835.12M
Operating Cash Flow-187.08M-38.56M-196.39M-250.84M-480.93M-621.74M
Investing Cash Flow-281.85M-149.19M-61.75M18.26M-74.66M-3.89M
Financing Cash Flow674.66M620.94M232.08M-11.01M1.03B380.31M

Lepu Biopharma Co. Ltd. Class H Technical Analysis

Technical Analysis SentimentNegative
Last Price3.15

Price Trends

50DMA3.91Negative
100DMA4.08Negative
200DMA4.54Negative

Market Momentum

MACD-0.20Positive
RSI38.38Neutral
STOCH4.94Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2157, the sentiment is Negative. The current price of 3.15 is below the 20-day moving average (MA) of 3.66, below the 50-day MA of 3.91, and below the 200-day MA of 4.54, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 38.38 is Neutral, neither overbought nor oversold. The STOCH value of 4.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2157.

Lepu Biopharma Co. Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:2157 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1801HK:180181OutperformHKD 139.32B95.596.06%―42.64%9.67%
HK:2269HK:226981OutperformHKD 183.11B31.1910.51%―21.93%21.94%
HK:1548HK:154871OutperformHKD 79.58B-14.95-16.23%―53.48%-120.02%
HK:2696HK:269665NeutralHKD 26.75B26.1820.41%―32.63%8.74%
HK:2157HK:215753NeutralHKD 5.69B19.7917.36%―46.90%―
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:1877HK:187741NeutralHKD 30.07B-69.15-7.23%―35.82%54.40%

* Healthcare Sector Average

Performance Comparison

-50%0%50%100%150%HK:2157HK:1548HK:1801HK:2269HK:1877HK:2696Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2157 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2157Lepu Biopharma Co. Ltd. Class H3.15-3.23-50.55%
HK:1548Genscript Biotech Corporation35.0217.98105.52%
HK:1801Innovent Biologics79.75-10.45-11.59%
HK:2269Wuxi Biologics (Cayman) 44.488.8624.87%
HK:1877Shanghai Junshi Biosciences Co., Ltd. Class H15.26-11.44-42.85%
HK:2696Shanghai Henlius Biotech, Inc. Class H49.06-20.04-29.00%

Lepu Biopharma Co. Ltd. Class H Corporate Events

Lepu Biopharma Chair Lifts Stake, Signals Confidence in Growth Outlook

Oct 27, 2026

Lepu Biopharma Co., Ltd. announced that its chairman, executive director and controlling shareholder, Dr. Pu Zhongjie, has increased his stake in the company by purchasing 1,050,000 H shares on October 27, 2026 via Shanghai-Hong Kong Stock Connect. T...

Lepu Biopharma Posts Strong Clinical Data Across Key Oncology ADC Programs

Oct 26, 2026

Lepu Biopharma reported positive Phase III results for its CLDN18.2-targeting antibody-drug conjugate CMG901 (sonesitatug vedotin), showing a significant overall survival benefit over investigator’s choice therapy in second-line and later advan...

Lepu Biopharma’s ADC and IO Pipeline Earns Prime Spots at 2026 ESMO Congress

Sep 23, 2026

Lepu Biopharma announced that four of its oncology clinical studies have been selected for presentation at the 2026 European Society for Medical Oncology Congress in Madrid, underscoring growing international recognition of its R&D pipeline. The...

Lepu Biopharma Delivers Revenue Growth as ADC Pipeline Advances

Aug 19, 2026

Lepu Biopharma reported interim revenue of about RMB522.4 million for the first half of 2026, up 12.1% year-on-year, driven by domestic sales of its cancer drugs MEIYOUHENG and PUYOUHENG and licensing milestone income from CMG901 and MRG007. The comp...

Lepu Biopharma Schedules Board Meeting to Review 2026 Interim Results and Potential Dividend

Aug 7, 2026

Lepu Biopharma Co., Ltd., a Hong Kong-listed Chinese biopharmaceutical company, has a board that includes executive, non-executive and independent non-executive directors led by Chairman and Executive Director Dr. Pu Zhongjie and CEO and Executive Di...

Lepu Biopharma’s Claudin 18.2 ADC CMG901 Delivers Positive Global Phase III Gastric Cancer Data

Jul 28, 2026

Lepu Biopharma reported that its Claudin 18.2-targeting antibody-drug conjugate CMG901, licensed globally to AstraZeneca, achieved positive top-line results in the CLARITY-Gastric01 global Phase III trial for second- and later-line treatment of advan...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 27, 2026