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Hansoh Pharmaceutical Group Company Limited (3692) AI Stock Analysis

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HK:3692

Hansoh Pharmaceutical Group Company Limited

(HKEX:3692)

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Rating:74.5Outperform
Price Target:HKD 39.00â–²(20.52% Upside)
Action:reiterated
Date:10/21/26

The score is driven primarily by strong financial performance (high profitability, very low leverage, and solid 2025 cash generation). This is tempered by weaker technical momentum signals (negative MACD and sub-50 RSI) and a moderately expensive valuation (P/E 26.6 with only a ~1.41% dividend yield).

Positive Factors
Re-accelerating Revenue GrowthRevenue growth re-accelerated to 11% in 2025 after a flat 2024, indicating renewed commercial momentum across the portfolio. If sustained, improving top-line expansion can support investment in product launches, lifecycle management, and broader commercialization over the next several quarters.
Negative Factors
Volatile Cash ConversionThe sharp variation in operating cash flow conversion shows that reported earnings do not translate into cash consistently every year. Such volatility can complicate budgeting and reduce confidence in internally generated funding, even though 2025 cash generation was strong.

Hansoh Pharmaceutical Group Company Limited (3692) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%HK:3692-7.99%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 196.19B
Dividend Yield
1.50%
Average Volume (3M)
11.13M
Price to Earnings (P/E)
25.0
Beta (1Y)
0.57
Revenue Growth
24.97%
EPS Growth
43.23%
Country
Hong Kong
Employees
9,643
Sector
Healthcare
Sector Strength
51
Industry
Drug Manufacturers - Specialty & Generic

Hansoh Pharmaceutical Group Company Limited Business Overview & Revenue Model

Company Description

Hansoh Pharmaceutical Group Company Limited, an investment holding company, engages in the research, development, production, and sale of pharmaceutical products in the People’s Republic of China. The company provides products for therapeutic areas,...

How the Company Makes Money

Hansoh primarily makes money by selling pharmaceutical products (mainly prescription medicines) in mainland China. Revenue is generated from (1) in-house manufactured finished drugs sold to customers via the company’s commercialization network and th...

Hansoh Pharmaceutical Group Company Limited Financial Statement Overview

Summary

Strong overall fundamentals supported by re-accelerating 2025 revenue growth (+11%), exceptionally high and consistent profitability (gross margin ~90%, net margin mid-to-high 30s), very low leverage (debt-to-equity ~0.3% in 2025), and solid 2025 cash conversion (OCF ~1.53x net income). Main risk is year-to-year volatility in margins and cash conversion (notably weak OCF coverage in 2023).

Income Statement

88Very Positive

Balance Sheet

93Very Positive

Cash Flow

86Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue15.90B15.03B12.26B10.10B9.38B9.94B
Gross Profit14.38B13.51B11.16B9.07B8.51B9.06B
EBITDA6.33B5.79B4.30B4.20B2.94B3.08B
Net Income6.68B5.56B4.37B3.28B2.58B2.71B
Balance Sheet
Total Assets46.60B39.92B31.66B33.04B30.00B27.16B
Cash, Cash Equivalents and Short-Term Investments37.38B31.58B23.39B24.86B21.63B18.94B
Total Debt4.23B105.14M117.89M4.30B4.38B3.83B
Total Liabilities8.84B4.54B2.98B7.24B7.35B7.13B
Stockholders Equity37.76B35.38B28.68B25.79B22.65B20.03B
Cash Flow
Free Cash Flow6.05B6.25B3.64B2.90B2.47B2.12B
Operating Cash Flow6.49B6.74B3.86B3.12B2.74B2.58B
Investing Cash Flow-11.64B-7.15B-1.39B1.07B-5.94B-2.26B
Financing Cash Flow5.62B1.55B-6.07B-753.70M-818.14M3.42B

Hansoh Pharmaceutical Group Company Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price32.36

Price Trends

50DMA33.56Negative
100DMA32.48Negative
200DMA34.06Negative

Market Momentum

MACD-0.29Negative
RSI47.38Neutral
STOCH31.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3692, the sentiment is Negative. The current price of 32.36 is below the 20-day moving average (MA) of 32.66, below the 50-day MA of 33.56, and below the 200-day MA of 34.06, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 47.38 is Neutral, neither overbought nor oversold. The STOCH value of 31.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3692.

Hansoh Pharmaceutical Group Company Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:3692 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1513HK:151377OutperformHKD 26.72B16.3011.32%6.71%-9.56%-23.22%
HK:3692HK:369275OutperformHKD 196.24B24.9618.26%1.50%24.97%43.23%
HK:3320HK:332068NeutralHKD 29.12B6.187.92%5.17%7.94%52.83%
HK:0867HK:086761NeutralHKD 23.94B13.438.60%3.50%14.80%-2.88%
HK:2196HK:219657NeutralHKD 65.63B17.047.14%2.73%9.88%9.30%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:0013HK:001345NeutralHKD 18.13B143.191.43%―-8.55%-96.20%

* Healthcare Sector Average

Performance Comparison

-20%0%20%HK:3692HK:0013HK:0867HK:1513HK:2196HK:3320Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3692 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3692Hansoh Pharmaceutical Group Company Limited32.36-2.99-8.45%
HK:0013HUTCHMED (China) Limited20.78-2.98-12.54%
HK:0867China Medical System Holdings 9.81-3.65-27.10%
HK:1513Livzon Pharmaceutical Group Class H23.18-5.02-17.81%
HK:2196Shanghai Fosun Pharmaceutical (Group) Co Class H16.47-6.58-28.55%
HK:3320China Resources Pharmaceutical Group Ltd.4.63-0.11-2.26%

Hansoh Pharmaceutical Group Company Limited Corporate Events

Hansoh Strikes Multibillion-Dollar ADC Pact With Roche to Expand Global Footprint

Oct 19, 2026

Hansoh Pharmaceutical Group has entered a strategic collaboration and license agreement with F. Hoffmann-La Roche Ltd covering a broad portfolio of Antibody-Drug Conjugate programs, including Hansoh’s preclinical assets and new projects based o...

Hansoh’s Aumolertinib EU Application Validated by EMA

Oct 11, 2026

Hansoh Pharmaceutical Group has resubmitted its marketing authorization application for the targeted lung cancer therapy Aumolertinib, marketed as Aumseqa outside China, to the European Medicines Agency. The application, covering first-line and mutat...

Hansoh Faces EU Setback on Aumolertinib but Vows Rapid Reapplication

Sep 27, 2026

Hansoh Pharmaceutical said the European Commission has revoked the EU marketing authorization for its lung cancer drug Aumolertinib, marketed as Aumseqa outside China, due to a procedural issue linked to the use of AstraZeneca’s TAGRISSO trial...

Hansoh Pharma’s Osteosarcoma Biologic HS-20093 Accepted for Review by China’s NMPA

Sep 24, 2026

Hansoh Pharmaceutical Group has announced that China’s National Medical Products Administration has accepted its biologics license application for HS-20093, branded as risvutatug rezetecan for injection. The therapy is intended for osteosarcoma...

Hansoh’s Osteosarcoma Drug HS-20093 Wins NMPA Priority Review in China

Sep 22, 2026

Hansoh Pharmaceutical announced that its drug candidate HS-20093, known as risvutatug rezetecan for injection, has been accepted into China’s National Medical Products Administration Priority Review and Approval Procedure. The indication covers...

Hansoh Pharma’s TYK2 Psoriasis Drug Clears Key Phase III Trial Milestone

Sep 20, 2026

Hansoh Pharmaceutical said its self-developed TYK2 inhibitor HS-10374 achieved significant efficacy in a pivotal Phase III trial for adults with moderate-to-severe plaque psoriasis, with markedly higher PASI 75 and sPGA 0/1 response rates versus plac...

Hansoh Pharma Wins NMPA Nod for Clinical Trials of Innovative Cancer Drug HS-20197

Sep 16, 2026

Hansoh Pharmaceutical Group has received clinical trial approval from China’s National Medical Products Administration for HS-20197 for injection, a self-developed Class 1 innovative medicine. The therapy is intended for investigation in patien...

Hansoh’s Lung Cancer Drug HS-20093 Wins NMPA Priority Review

Sep 11, 2026

Hansoh Pharmaceutical Group announced that risvutatug rezetecan for injection (HS-20093), targeted at small cell lung cancer patients whose disease has progressed after prior platinum-based chemotherapy, has been accepted into the National Medical Pr...

Hansoh Pharma’s HS-20093 ADC for Small Cell Lung Cancer Accepted by China’s NMPA

Sep 2, 2026

Hansoh Pharmaceutical Group announced that China’s National Medical Products Administration has accepted its biologics license application for HS-20093 for injection. The drug is a proprietary B7-H3 directed antibody-drug conjugate intended for...

Hansoh boosts profit on innovative drugs as lung cancer portfolio wins EU and China approvals

Aug 26, 2026

Hansoh Pharmaceutical Group reported strong interim results for the six months ended June 30, 2026, with revenue rising 11.7% to RMB8.304 billion and innovative medicines contributing RMB7.092 billion, or 85.4% of total sales. Profit surged 35.8% to...

Hansoh Pharmaceutical Declares Interim Dividend for First Half of 2026

Aug 26, 2026

Hansoh Pharmaceutical Group Company Limited has declared an interim ordinary cash dividend of HKD 0.285 per share for the six months ended June 30, 2026, for the financial year ending December 31, 2026. The ex-dividend date is set for September 22, 2...

Hansoh Pharma Wins NMPA Nod for Clinical Trials of New Cholesterol Drug

Aug 6, 2026

Hansoh Pharmaceutical Group said its self-developed Class 1 innovative drug candidate HS-10582, formulated as tablets, has received clinical trial approval from China’s National Medical Products Administration. The company plans to evaluate the...

Hansoh Pharmaceutical Schedules Board Meeting to Approve Interim Results and Dividend

Aug 4, 2026

Hansoh Pharmaceutical Group Company Limited plans to convene a board meeting on August 26, 2026, to review and approve its interim financial results for the six months ended June 30, 2026. The board will also consider the declaration of an interim di...

Hansoh’s Osteosarcoma Drug HS-20093 Hits Phase III Target, China Filing Planned

Jul 28, 2026

Hansoh Pharmaceutical said its proprietary B7-H3 directed antibody-drug conjugate HS-20093 achieved the primary endpoint in a pivotal Phase III trial for osteosarcoma patients who had progressed or relapsed after at least two prior systemic therapies...

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 21, 2026