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Nanjing Leads Biolabs Co., Ltd. Class H (9887) AI Stock Analysis

HK:9887

Nanjing Leads Biolabs Co., Ltd. Class H

(HKEX:9887)

Select Model
Rating:42Neutral
Price Target:HKD 35.00â–¼(-2.78% Downside)
Action:reiterated
Date:10/23/26

The score is held down primarily by weak financial fundamentals (ongoing losses and negative operating/free cash flow) and a clearly bearish technical trend (price below all key moving averages with negative MACD). Balance-sheet improvement (positive equity and more moderate leverage) provides some offset, but valuation support is limited given negative earnings and no dividend data.

Positive Factors
Improved Equity BaseThe shift from negative to strongly positive equity materially improves the company’s capital structure and provides a more durable financial foundation. This can support investment in research and commercialization while reducing the balance-sheet fragility evident in earlier periods.
Negative Factors
Persistent Net LossesLarge recurring losses show that the business has not yet established profitable operating economics. Continued losses can consume capital, limit reinvestment capacity, and increase dependence on financing, making the path to sustainable earnings uncertain over the coming periods.

Nanjing Leads Biolabs Co., Ltd. Class H (9887) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-20%0%20%40%60%80%HK:9887-35.66%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 7.02B
Dividend Yield
―
Average Volume (3M)
1.71M
Price to Earnings (P/E)
-22.1
Beta (1Y)
1.03
Revenue Growth
―
EPS Growth
6.66%
Country
Hong Kong
Employees
244
Sector
General
Sector Strength
55
Industry
Biotechnology

Nanjing Leads Biolabs Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Nanjing Leads Biolabs Co., Ltd. is a biotechnology firm currently in the clinical development phase, dedicated to the global discovery, progression, and eventual market launch of innovative antibody-based medications. The company's therapeutic endeav...

Nanjing Leads Biolabs Co., Ltd. Class H Financial Statement Overview

Summary

Financial performance is pressured by persistent losses and cash burn. Income statement profitability is weak with deeply negative margins despite a step-up in 2025 revenue, and cash flow remains negative with ongoing operating and free cash outflows. The balance sheet is a relative bright spot with equity turning strongly positive and leverage looking more moderate, but prior negative-equity history and continued funding needs keep the score below average.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022
Income Statement
Total Revenue231.45M197.20M09.75M0
Gross Profit231.45M197.20M06.25M-17.78M
EBITDA-209.29M-195.21M-13.80M-265.74M-195.76M
Net Income-271.59M-235.21M-43.90M-398.61M-286.77M
Balance Sheet
Total Assets1.54B1.78B669.44M447.48M615.39M
Cash, Cash Equivalents and Short-Term Investments1.24B1.55B538.72M347.65M486.56M
Total Debt373.39M280.56M266.48M67.09M1.19B
Total Liabilities608.15M515.61M403.88M1.40B1.21B
Stockholders Equity930.83M1.27B265.56M-948.80M-597.95M
Cash Flow
Free Cash Flow0-164.84M-121.79M-204.41M-74.37M
Operating Cash Flow0-154.43M-118.82M-192.69M-44.62M
Investing Cash Flow0-165.13M-67.30M135.49M55.24M
Financing Cash Flow01.19B309.02M49.49M-3.18M

Nanjing Leads Biolabs Co., Ltd. Class H Technical Analysis

Technical Analysis SentimentNegative
Last Price36.00

Price Trends

50DMA54.19Negative
100DMA56.20Negative
200DMA61.86Negative

Market Momentum

MACD-4.99Negative
RSI28.74Positive
STOCH22.81Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9887, the sentiment is Negative. The current price of 36.00 is below the 20-day moving average (MA) of 42.24, below the 50-day MA of 54.19, and below the 200-day MA of 61.86, indicating a bearish trend. The MACD of -4.99 indicates Negative momentum. The RSI at 28.74 is Positive, neither overbought nor oversold. The STOCH value of 22.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9887.

Nanjing Leads Biolabs Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:9887 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2269HK:226981OutperformHKD 183.11B31.1910.51%―21.93%21.94%
HK:1873HK:187373OutperformHKD 2.60B12.924.45%―7.38%7.90%
HK:1548HK:154871OutperformHKD 79.58B-14.95-16.23%―53.48%-120.02%
HK:2315HK:231569NeutralHKD 17.02B38.2315.94%―48.04%166.72%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:3759HK:375953NeutralHKD 80.45B41.7910.93%0.85%24.21%19.72%
HK:9887HK:988742NeutralHKD 7.16B-22.08-23.34%――6.66%

* General Sector Average

Performance Comparison

-50%0%50%100%150%HK:9887HK:1548HK:2269HK:3759HK:1873HK:2315Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:9887 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:9887Nanjing Leads Biolabs Co., Ltd. Class H36.00-19.40-35.02%
HK:1548Genscript Biotech Corporation35.0217.98105.52%
HK:2269Wuxi Biologics (Cayman) 44.488.8624.87%
HK:3759Pharmaron Beijing Co., Ltd. Class H26.981.656.50%
HK:1873Viva Biotech Holdings1.25-1.14-47.70%
HK:2315Biocytogen Pharmaceuticals (Beijing) Co. Ltd. Class H38.309.0630.98%

Nanjing Leads Biolabs Co., Ltd. Class H Corporate Events

Nanjing Leads Biolabs Advances LBL-024 Gastric Cancer Trial to Expansion Phase

Oct 20, 2026

Nanjing Leads Biolabs announced that its Phase II trial of LBL-024 (Opamtistomig), a PD-L1/4-1BB bispecific antibody, as a first-line combination therapy for locally advanced or metastatic gastric or gastroesophageal junction adenocarcinoma has compl...

Nanjing Leads Biolabs Showcases Promising Bispecific Oncology Data at 2026 ESMO

Oct 19, 2026

Nanjing Leads Biolabs reported that six studies featuring its key oncology assets LBL-024 and LBL-034 have been accepted and published as full abstracts at the 2026 Annual Meeting of the European Society for Medical Oncology. Three of these have been...

Nanjing Leads Biolabs Starts Phase Ib/II Trial of LBL-024 in Metastatic Colorectal Cancer

Oct 16, 2026

Nanjing Leads Biolabs has enrolled the first patient in an open-label, multi-centre Phase Ib/II trial of its self-developed bispecific antibody LBL-024, also known as Opamtistomig, in combination therapy for metastatic colorectal cancer. The study, l...

Nanjing Leads Biolabs Wins Second U.S. FDA Fast Track for Cancer Drug LBL-024

Oct 11, 2026

Nanjing Leads Biolabs said its core drug candidate LBL-024, an anti-PD-L1/4-1BB bispecific antibody, has received Fast Track Designation from the U.S. FDA for first-line treatment of advanced biliary tract cancer. This is the second Fast Track status...

Nanjing Leads Biolabs Wins Japan Orphan Drug Status for Cancer Antibody LBL-024

Sep 28, 2026

Nanjing Leads Biolabs said its core product LBL-024, a PD-L1/4-1BB bispecific antibody branded as Opamtistomig, has obtained orphan drug designation in Japan for treating extrapulmonary neuroendocrine carcinoma, after previously securing similar stat...

Nanjing Leads Biolabs Wins Top ESMO Slots for Key Cancer Trials

Sep 21, 2026

Nanjing Leads Biolabs announced that its pivotal registrational Phase IIb study of LBL-024 (Opamtistomig), a PD-L1/4-1BB bispecific antibody monotherapy for advanced extrapulmonary neuroendocrine carcinoma, has been selected as a Late-Breaking Abstra...

Nanjing Leads Biolabs’ Bispecific Antibody LBL-024 Shows Strong First-Line NSCLC Data

Sep 14, 2026

Nanjing Leads Biolabs reported updated Phase II data for its self-developed PD-L1/4–1BB bispecific antibody LBL-024 combined with chemotherapy as a first-line therapy for non-small cell lung cancer, presented at the 2026 World Conference on Lun...

Nanjing Leads Biolabs Advances Next-Generation Immuno-Oncology Pipeline Toward First-in-Class Approval

Aug 31, 2026

Nanjing Leads Biolabs reported substantial progress across registration, clinical development, platform advancement and commercialization preparations in the first half of 2026, underscoring its ambition to become a global frontrunner in next-generat...

Nanjing Leads Biolabs Advances Key Immunotherapy LBL-024 in Esophageal Cancer Trial

Aug 24, 2026

Nanjing Leads Biolabs said its self-developed bispecific antibody LBL-024, branded as Opamtistomig, has moved into the expansion stage of a Phase II trial as a first-line treatment for locally advanced or metastatic esophageal squamous cell carcinoma...

Nanjing Leads Biolabs’ PD-L1/4-1BB Cancer Drug Wins Priority Review in China

Aug 21, 2026

Nanjing Leads Biolabs said China’s National Medical Products Administration has accepted the new drug application for LBL-024, a self-developed PD-L1/4-1BB bispecific antibody, as monotherapy for previously treated advanced extrapulmonary neuro...

Leads Biolabs touts promising Phase II data for NSCLC bispecific antibody LBL-024

Aug 20, 2026

Nanjing Leads Biolabs announced that the full abstract of its Phase II clinical study of LBL-024, a PD-L1/4-1BB bispecific antibody, combined with chemotherapy as first-line treatment for non-small cell lung cancer has been published on the World Con...

Oblenio Exercises License Option for Nanjing Leads Biolabs’ Autoimmune Drug LBL-051

Aug 19, 2026

Nanjing Leads Biolabs has reported that Oblenio Bio, Inc., a U.S. company formed by Aditum Bio, has exercised its option to retain an exclusive worldwide license to develop, manufacture and commercialize LBL-051, a trispecific T-cell engager discover...

Nanjing Leads Biolabs Sets Board Meeting to Approve Interim Results and Consider Dividend

Aug 19, 2026

Nanjing Leads Biolabs Co., Ltd. has scheduled a board meeting for August 31, 2026 to review and approve the interim results for the six months ended June 30, 2026. The board will also consider whether to recommend the payment of a dividend, a decisio...

Nanjing Leads Biolabs Advances Key Liver Cancer Trial for Opamtistomig

Aug 5, 2026

Nanjing Leads Biolabs has reported that its Phase II clinical study of Opamtistomig (LBL-024), a PD-L1/4-1BB bispecific antibody, for first-line treatment of hepatocellular carcinoma has successfully completed the safety run-in assessment and entered...

Nanjing Leads Biolabs Advances Autoimmune Drug LBL-051 Into First-in-Human Trial

Aug 4, 2026

Nanjing Leads Biolabs announced that its partner Oblenio Bio has dosed the first patients in a Phase Ia, first-in-human clinical trial in Europe of LBL-051, a trispecific T-cell engager targeting BCMA, CD19 and CD3 for refractory autoimmune diseases....

Nanjing Leads Biolabs Wins IND Nod for Bispecific Antibody in Metastatic Colorectal Cancer

Aug 2, 2026

Nanjing Leads Biolabs has received approval from China’s National Medical Products Administration for an Investigational New Drug application for LBL-024, a PD-L1/4-1BB bispecific antibody, in metastatic colorectal cancer. The open-label, multi...

Nanjing Leads Biolabs Completes Phase II Enrollment for Opamtistomig in Biliary Tract Cancer

Jul 30, 2026

Nanjing Leads Biolabs has completed full patient enrollment in a Phase II clinical study of its PD-L1/4-1BB bispecific antibody LBL-024 (Opamtistomig) as first-line therapy for advanced biliary tract cancer. All 70 patients were enrolled rapidly afte...

Nanjing Leads Biolabs CEO Extends Lock-Up, Signaling Confidence in Long-Term Prospects

Jul 24, 2026

Nanjing Leads Biolabs Co., Ltd. announced that its co-founder, chairman and chief executive officer, Dr. Kang Xiaoqiang, has voluntarily extended the lock-up period on all 7,874,617 H shares he directly holds. The original 12-month lock-up from the l...

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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.
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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 23, 2026