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CanSino Biologics, Inc. Class H
(6185)
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Rating:53Neutral
Price Target:
HK$29.00
▼(-35.47% Downside)
Action:Reiterated
Date:08/29/26
The score is held back mainly by weak cash generation (still meaningfully negative free cash flow) and an extremely elevated P/E, despite improving operating trends and a relatively supportive balance sheet. Technicals add support, with price strength above key moving averages and positive momentum readings.
Positive Factors
Revenue growth and gross margin
Revenue growth alongside a strong gross margin indicates that CanSino is expanding its commercial base while retaining substantial economics on vaccine sales. If maintained, this combination can support reinvestment in development, manufacturing, and market access as the business scales.
Negative Factors
Persistently negative free cash flow
Ongoing negative free cash flow means CanSino is still consuming cash after investment spending, limiting its ability to fund growth entirely from operations. Until cash generation turns sustainably positive, liquidity and financing flexibility remain important to maintaining development and commercial activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and gross margin
Revenue growth alongside a strong gross margin indicates that CanSino is expanding its commercial base while retaining substantial economics on vaccine sales. If maintained, this combination can support reinvestment in development, manufacturing, and market access as the business scales.
Read all positive factors
CanSino Biologics, Inc. Class H (6185) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.00B
Dividend Yield1.31%
Average Volume (3M)7.23M
Price to Earnings (P/E)335.5
Beta (1Y)1.53
Revenue Growth38.42%
EPS GrowthN/A
CountryHK
Employees1,134
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)0.16
Shares Outstanding132,670,900
10 Day Avg. Volume11,894,227
30 Day Avg. Volume7,228,314
Financial Highlights & Ratios
PEG Ratio-2.66
Price to Book (P/B)1.60
Price to Sales (P/S)7.70
P/FCF Ratio-52.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$52.80Price Target Upside17.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.39
Revenue Forecast (FY)HK$1.44B
CanSino Biologics, Inc. Class H Business Overview & Revenue Model
Company Description
CanSino Biologics Inc. develops, manufactures, and commercializes vaccines in the People’s Republic of China. The company develops Convidecia and the Ad5-nCoV for Inhalation vaccines to recombinant novel coronavirus disease; Ad5-EBOV, an Ebola vir...
How the Company Makes Money
CanSino primarily makes money by selling vaccines and vaccine-related products to customers such as public health agencies, disease control organizations, and other healthcare procurement channels, generating revenue when vaccine doses are deliver...
CanSino Biologics, Inc. Class H Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
71
Positive
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.23B | 1.03B | 846.34M | 345.18M | 1.03B | 4.30B |
| Gross Profit | 879.35M | 681.82M | 601.91M | -876.02M | -186.61M | 3.00B |
| EBITDA | 38.17M | 60.98M | -134.84M | -1.65B | -1.32B | 1.85B |
| Net Income | 40.63M | 27.15M | -378.88M | -1.48B | -909.43M | 1.91B |
Balance Sheet | ||||||
| Total Assets | 6.83B | 7.18B | 7.96B | 9.32B | 11.47B | 11.87B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 2.65B | 3.20B | 4.12B | 5.95B | 7.78B |
| Total Debt | 979.87M | 1.29B | 2.01B | 2.70B | 2.70B | 1.37B |
| Total Liabilities | 1.65B | 2.05B | 3.05B | 4.03B | 4.22B | 3.33B |
| Stockholders Equity | 4.98B | 4.96B | 4.91B | 5.27B | 6.75B | 8.00B |
Cash Flow | ||||||
| Free Cash Flow | -128.37M | -152.83M | -626.42M | -1.53B | -2.96B | 811.42M |
| Operating Cash Flow | 40.25M | 32.49M | -168.79M | -916.25M | -1.89B | 2.01B |
| Investing Cash Flow | 953.07M | 355.36M | 3.96M | -449.65M | -1.19B | -2.53B |
| Financing Cash Flow | -948.65M | -703.03M | -334.18M | -7.58M | 854.60M | 1.56B |
CanSino Biologics, Inc. Class H Technical Analysis
Negative
44.94
Price Trends
25.81
Positive
26.24
Positive
30.98
Negative
Market Momentum
0.83
Positive
47.07
Neutral
11.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6185, the sentiment is Negative. The current price of 44.94 is above the 20-day moving average (MA) of 28.82, above the 50-day MA of 25.81, and above the 200-day MA of 30.98, indicating a neutral trend. The MACD of 0.83 indicates Positive momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 11.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6185.
CanSino Biologics, Inc. Class H Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$211.03B | 25.94 | 18.26% | 1.29% | 24.97% | 43.23% | |
60 Neutral | HK$19.00B | 145.04 | 1.43% | ― | -8.55% | -96.20% | |
59 Neutral | HK$15.52B | 70.34 | 1.67% | 3.90% | 3.10% | -46.64% | |
53 Neutral | HK$13.00B | 335.54 | 0.82% | 1.31% | 38.42% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | HK$4.95B | -17.41 | -20.93% | ― | 237.19% | 61.28% | |
49 Neutral | HK$11.54B | -79.97 | -253.66% | ― | ― | ― |
* Healthcare Sector Average
HK:6185
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CanSino Biologics, Inc. Class H Corporate Events
CanSino Biologics Publishes Unaudited Interim Results for First Half of 2026
Aug 27, 2026
CanSino Biologics Inc. announced its unaudited interim results for the six months ended June 30, 2026, confirming that the figures comply with Hong Kong listing requirements for preliminary interim disclosures. The board and its audit committee ha...
CanSino Biologics Advances mRNA Platform and Forms Cancer Vaccine Alliance
Aug 26, 2026
CanSino Biologics Inc. has highlighted the development of its mRNA technology platform, which underpins its pipeline of mRNA preventive vaccines and therapeutic biologics. The company is pushing early-stage research on mRNA vaccines for glioblasto...
CanSino Wins NMPA Approval for New Tetanus Vaccine, Boosting Adult Vaccine Portfolio
Aug 20, 2026
CanSino Biologics Inc., a Hong Kong-listed Chinese vaccine developer, is broadening its product portfolio and market reach, with a particular focus on adult immunizations in Greater China. The company leverages advanced, animal-free production tec...
CanSino’s Td5cp Booster Wins Priority Review After NDA Acceptance in China
Aug 16, 2026
CanSino Biologics Inc. has announced that China’s National Medical Products Administration has accepted its new drug application for the Td5cp Adolescent and Adult vaccine. The product is a tetanus, reduced diphtheria and acellular pertussis...
CanSino Biologics Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 14, 2026
CanSino Biologics Inc. has scheduled a board meeting for August 27, 2026 to review and approve the interim financial results for the six months ended June 30, 2026, along with their planned publication. The board will also consider whether to reco...
CanSino Wins NMPA Nod to Expand Age Range for Menhycia Vaccine
Jul 19, 2026
CanSino Biologics Inc. has secured acceptance from China’s National Medical Products Administration for a supplemental application to expand the indicated age range of its Menhycia meningococcal conjugate vaccine. The proposed expansion woul...
CanSino Wins Argentine Approval for Menhycia Vaccine as Global Push Accelerates
Jun 25, 2026
CanSino Biologics said its ACYW135 meningococcal polysaccharide conjugate vaccine, marketed as Menhycia, has received a drug registration certificate from Argentina’s health authority. The vaccine is already approved in China for children fr...
CanSino Biologics Shareholders Approve All AGM Resolutions and Amend Articles
Jun 10, 2026
CanSino Biologics Inc. held its 2025 annual general meeting in Tianjin on June 10, 2026, with all resolutions proposed by the board of directors approved by poll. The meeting saw participation from holders of both H shares and A shares, with an ov...
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.