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SinoMab Bioscience Ltd. (3681) AI Stock Analysis

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HK:3681

SinoMab Bioscience Ltd.

(HKEX:3681)

Select Model
Rating:44Neutral
Price Target:HKD 1.00▼(-6.54% Downside)
Action:reiterated
Date:11/01/26

Weak financial performance from revenue collapse and ongoing losses is the dominant factor; neutral technical signals and standard biotech valuation provide only modest offset.

Positive Factors
Improved LeverageThe 2025 improvement in leverage strengthens financial flexibility compared with the prior year and may reduce pressure from debt obligations. If maintained, a healthier capital structure could support continued clinical investment while lowering the risk that financing needs immediately overwhelm the business.
Negative Factors
Persistent Unprofitability持续 operating and net losses show that the business has not yet reached an economically self-sustaining stage. Continued deficits can consume capital needed for research and development, limit strategic flexibility, and make future progress dependent on improving commercialization or securing additional funding.

SinoMab Bioscience Ltd. (3681) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%30%40%HK:3681-33.54%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.48B
Dividend Yield
―
Average Volume (3M)
756.43K
Price to Earnings (P/E)
-6.9
Beta (1Y)
1.00
Revenue Growth
―
EPS Growth
-4.24%
Country
Hong Kong
Employees
73
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

SinoMab Bioscience Ltd. Business Overview & Revenue Model

Company Description

SinoMab BioScience Limited is a biopharmaceutical enterprise that specializes in the comprehensive process of discovering, developing, producing, and marketing therapeutic solutions for various immunological disorders. Their approach predominantly in...

How the Company Makes Money

SinoMab Bioscience primarily makes money through (1) commercialization of any approved products (e.g., sales of antibody therapeutics) and (2) out-licensing and partnering arrangements for its drug candidates, which can generate upfront payments, dev...

SinoMab Bioscience Ltd. Financial Statement Overview

Summary

Revenue collapsed to zero in 2025 with persistent net losses, though losses narrowed and equity rebounded; cash burn improving but sustainability concerns remain high.

Income Statement

25Negative

Balance Sheet

45Neutral

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue002.03M1.36M4.03M26.66M
Gross Profit0-26.64M543.00K422.00K4.03M26.66M
EBITDA-125.75M-72.11M-132.89M-200.46M-230.89M-285.20M
Net Income-181.77M-102.27M-185.14M-243.11M-284.16M-288.19M
Balance Sheet
Total Assets684.46M908.50M753.10M847.79M1.01B1.04B
Cash, Cash Equivalents and Short-Term Investments226.21M382.40M106.88M234.66M376.19M589.53M
Total Debt266.78M338.64M482.27M450.81M357.18M275.46M
Total Liabilities323.00M400.41M560.19M552.20M498.77M361.43M
Stockholders Equity361.45M508.10M192.91M295.58M509.57M680.23M
Cash Flow
Free Cash Flow-112.79M-95.78M-172.30M-237.74M-413.29M-345.30M
Operating Cash Flow-80.23M-70.48M-130.80M-133.85M-300.54M-147.06M
Investing Cash Flow-99.30M16.25M-94.48M-96.92M-81.36M-137.70M
Financing Cash Flow218.96M329.39M73.27M82.27M102.28M57.52M

SinoMab Bioscience Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price1.07

Price Trends

50DMA1.09Negative
100DMA1.14Negative
200DMA1.37Negative

Market Momentum

MACD-0.01Positive
RSI48.97Neutral
STOCH34.42Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3681, the sentiment is Neutral. The current price of 1.07 is below the 20-day moving average (MA) of 1.08, below the 50-day MA of 1.09, and below the 200-day MA of 1.37, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.97 is Neutral, neither overbought nor oversold. The STOCH value of 34.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3681.

SinoMab Bioscience Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:3681 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:6998HK:699870OutperformHKD 3.26B4.4810.99%―1417.68%660.14%
HK:2315HK:231569NeutralHKD 17.02B38.2315.94%―48.04%166.72%
HK:2696HK:269665NeutralHKD 26.75B26.1820.41%―32.63%8.74%
HK:2181HK:218157NeutralHKD 1.79B17.8048.25%―88.38%―
HK:9966HK:996652NeutralHKD 6.06B-30.68-10.27%―-31.77%-177.01%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:3681HK:368144NeutralHKD 1.47B-6.85-41.81%――-4.24%

* Healthcare Sector Average

Performance Comparison

-50%0%50%100%150%HK:3681HK:6998HK:9966HK:2181HK:2315HK:2696Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3681 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3681SinoMab Bioscience Ltd.1.07-0.70-39.55%
HK:6998Genor Biopharma Holdings Limited1.62-1.51-48.24%
HK:9966Alphamab Oncology6.21-5.46-46.79%
HK:2181Mabpharm Limited0.43-0.09-16.35%
HK:2315Biocytogen Pharmaceuticals (Beijing) Co. Ltd. Class H38.309.0630.98%
HK:2696Shanghai Henlius Biotech, Inc. Class H49.06-20.04-29.00%

SinoMab Bioscience Ltd. Corporate Events

SinoMab Clarifies Use of 2025 Share Proceeds and Share Award Details

Sep 18, 2026

SinoMab BioScience has issued a supplemental announcement to its 2025 Annual Report, clarifying how it deployed funds raised from two share subscription exercises completed in May and July 2025 under a general mandate. The company confirmed that the...

SinoMab Shareholders Unanimously Back Disposal Deal at Extraordinary Meeting

Sep 7, 2026

Shareholders of SinoMab BioScience Limited have overwhelmingly approved a key disposal transaction at an extraordinary general meeting held on 7 September 2026 in Hong Kong. The ordinary resolution to confirm, approve and ratify the sale and purchase...

SinoMab Advances Antibody Pipeline With New Trials and Preclinical Milestones

Aug 31, 2026

SinoMab BioScience reported interim results for the six months to 30 June 2026, highlighting major progress across its monoclonal antibody pipeline for immune and inflammatory disorders. The board noted that all condensed interim financial statements...

SinoMab Seeks Shareholder Approval to Sell Suzhou Industrial Property for RMB280 Million

Aug 20, 2026

SinoMab BioScience Limited has called an extraordinary general meeting in Hong Kong on 7 September 2026 for shareholders to vote on a proposed disposal of industrial property in Suzhou. The assets involved comprise state-owned construction land use r...

SinoMab Schedules Board Meeting to Approve 2026 Interim Results

Aug 19, 2026

SinoMab BioScience Limited has scheduled a board meeting for 31 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The meeting will also cover related matters and the subsequent publication of the half-year f...

SinoMab Sets September EGM on Major Suzhou Facility Disposal

Aug 18, 2026

SinoMab BioScience Limited, a Hong Kong–incorporated biopharmaceutical company listed on the Hong Kong Stock Exchange, develops and manufactures antibody‑based therapies and operates research and production facilities in mainland China, i...

SinoMab BioScience COO and Executive Director Steps Down

Aug 18, 2026

SinoMab BioScience announced that executive director and chief operating officer Fang Liang has resigned from all positions within the group, effective 18 August 2026, to pursue personal endeavours. The board stated that Liang has no disagreements wi...

SinoMab BioScience Clarifies Board and Committee Roles in Governance Update

Aug 18, 2026

SinoMab BioScience Limited has announced the current composition of its board of directors, led by Executive Director Dr. Shui On Leung, who serves as both chairman and chief executive officer, alongside several non-executive and independent non-exec...

SinoMab Delays Dispatch of Circular on Major Suzhou Asset Disposal

Aug 10, 2026

SinoMab BioScience has announced a further delay in sending a shareholder circular related to its planned disposal of a Suzhou property and facility, a transaction classified as a major deal under Hong Kong listing rules. The circular, which will pro...

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: Nov 01, 2026