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← CockpitCompetitor Analysis › 688266.SS Suzhou Zelgen Biopharmaceuticals Co. Ltd. Class AOpen in the cockpit ↗

Suzhou Zelgen Biopharmaceuticals Co. Ltd. Class A688266.SSCompetitor analysis, valuation and peers

China · CNY·Health Care›Pharmaceuticals: Major

Chinese biopharmaceutical company developing innovative small-molecule and biologic drugs, including therapies for fibrotic and inflammatory diseases.

Momentum neutral 40
Mkt cap
$3.60B
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$51.7M
20-day average traded
Fwd P/E
43.4×
forward earnings
ROIC−WACC
n/a
WACC 7.0%
Hurdle
-78 pp
Req g minus delivered
Next earnings
164 days
19 Apr 2027
Close · CNYCN¥90.80
1D-0.5%
1W+11.3%
1M-12.1%
3M-15.5%
6M-12.7%
YTD-2.0%
1Y-9.4%
ATR %7.1%
52w lowhigh43.2% off high

What Suzhou Zelgen Biopharmaceuticals does

Chinese biopharmaceutical company developing innovative small-molecule and biologic drugs, including therapies for fibrotic and inflammatory diseases.

Products and services

  • Innovative drug pipeline (small molecules/biologics)

Customers

  • Hospitals/patients via prescription

Where it sits in the supply chain

  • Health Care
  • Biotechnology
  • Innovative drug R&D

What could go right

  • New drug approvals/launches

What could go wrong

  • Clinical-trial failure risk
  • Commercialization/reimbursement risk

Moat: narrow (IP / patents). Patent-protected pipeline of self-developed innovative drug candidates.

Headquarters: Suzhou, China · Employees: 1,055

Named competitors

Suzhou Zelgen Biopharmaceuticals at a glance

Size Suzhou Zelgen Biopharmaceuticals (688266.SS) is a China Health Care company (Pharmaceuticals: Major) with a market value of $3.60B, the 713th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥90.80 on 6 Nov 2026.

Performance Over six months the shares fell 12.7%, against +3.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.

Growth Revenue grew 136.2% over the last twelve months (peer median +8.7%); the operating margin is 29.0% (peer median 12.7%).

Valuation It trades at 43.4× forward earnings against a peer median of 17.6× (2nd most expensive of 15).

Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +98%, so the hurdle is -78 pp: the price already allows for a slowdown.

Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026Peer median 104688266.SS 86
Six months, rebased to 100: Suzhou Zelgen Biopharmaceuticals against the median of its 20 peers (local-currency closes).

Suzhou Zelgen Biopharmaceuticals financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥1.75BCN¥804MCN¥533MCN¥386MCN¥302M
Revenue growth—+51%+38%+28%—
Gross profitCN¥1.64BCN¥682MCN¥445MCN¥302MCN¥219M
EBITDAn/a-CN¥191M-CN¥163M-CN¥348M-CN¥468M
Net incomeCN¥569M-CN¥163M-CN¥138M-CN¥279M-CN¥457M
Free cash flowCN¥829M-CN¥201M-CN¥42.6M-CN¥283M-CN¥452M
Capital expenditureCN¥122MCN¥181MCN¥95.7MCN¥62.6MCN¥88.6M
Total debtCN¥592MCN¥1.15BCN¥1.05BCN¥886MCN¥547M

Quarterly statements and history in the cockpit →

Suzhou Zelgen Biopharmaceuticals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%-20%0%+20%2096OGNACAD1513AMLX0007393320XENEVKTX2696TARSPPLPHARMA4536600521WOCKPHARMAROVI0867688266.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Suzhou Zelgen Biopharmaceuticals is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×50×100×150×2096OGNACAD151300073933202696PPLPHARMA688266.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Suzhou Zelgen Biopharmaceuticals is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%0%50%100%150%2096OGNACAD0007392696TARSWOCKPHARMA600511688266.SSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Suzhou Zelgen Biopharmaceuticals is the large dot.

Suzhou Zelgen Biopharmaceuticals competitors and peer comparison

Head to head with its named competitors (688266.SS vs 1801.HK vs 600276.SS vs 9969.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Suzhou Zelgen Biopharmaceuticals 688266.SS$3.60B-13%+136%29%43.4×20.5%
Innovent Biologics 1801.HK$19.2B-5%+43%17%53.3×11.7%
Jiangsu Hengrui Pharmaceuticals 600276.SS$49.7B-6%+6%27%36.4×14.9%
InnoCare Pharma 9969.HK$2.31B-13%+146%35%37.0×0.8%
HUTCHMED (China) 0013.HK$2.58B+9%-9%-6%40.8×49.9%
Ascentage Pharma Group International 6855.HK$1.39B-33%+70%-220%n/an/a

How Suzhou Zelgen Biopharmaceuticals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Suzhou Zelgen Biopharmaceuticals against its 20 peers (data as of 6 Nov 2026)
Measure688266.SSPeer medianRank in peer set
1-month return-12.1%+3.1%3rd lowest of 21
6-month return-12.7%+3.9%4th lowest of 20
Distance from 52-week high-43.2%-22.0%2nd lowest of 21
Revenue growth (TTM)+136.2%+8.7%highest of 19
Operating margin29.0%12.7%highest of 17
Forward P/E43.4×17.6×2nd most expensive of 15
Growth the price implies (Req g, 7 yrs)20.5%1.5%3rd most demanding of 16
Growth delivered (Del g)+98.4%+5.9%2nd highest of 16
Hurdle (Req g minus delivered)-77.9 pp-9.6 pp2nd least demanding of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Suzhou Zelgen Biopharmaceuticals 688266.SSChina$3.60B-13%+136%29%43.4×20.5%+98.4%
Simcere Pharmaceutical 2096.HKHong Kong$3.63B-7%+27%18%14.3×-2.8%+10.6%
Organon & OGNUnited States$3.64B+4%-3%20%4.0×-4.5%-1.0%
ACADIA Pharmaceuticals ACADUnited States$3.66B-5%+12%8%21.5×16.7%+19.4%
Parabilis Medicines PBLSUnited States$3.52Bn/an/an/an/an/an/a
Livzon Pharmaceutical 1513.HKHong Kong$3.69B-11%-10%19%11.3×-7.7%+2.0%
Amylyx Pharmaceuticals AMLXUnited States$3.70B+97%+100%n/an/an/an/a
Apeloa Pharmaceutical 000739.SZChina$3.73B+18%-16%10%25.1×6.3%+4.5%
China Resources Pharmaceutical 3320.HKHong Kong$3.74B-11%+8%4%6.0×-5.3%+7.8%
Jiangsu Nhwa Pharmaceutical 002262.SZChina$3.47B+2%+3%19%19.6×-2.2%+12.0%
Xenon Pharmaceuticals XENEUnited States$3.79B+4%-100%n/an/an/an/a
Viking Therapeutics VKTXUnited States$3.42B-17%n/an/an/an/an/a
Shanghai Henlius Biotech 2696.HKHong Kong$3.41B-37%+33%12%23.8×15.2%+61.4%
Tarsus Pharmaceuticals TARSUnited States$3.38B+12%+86%-10%n/a31.9%+159.5%
Piramal Pharma PPLPHARMA.NSIndia$3.37B+30%+9%3%159.9×n/an/a
Santen Pharmaceutical 4536.TJapan$3.86B+17%-1%16%15.6×-5.2%+3.2%
Zhejiang Huahai Pharmaceutical 600521.SSChina$3.86B+8%+10%12%22.1×7.3%+5.9%
Wockhardt WOCKPHARMA.NSIndia$3.35B+19%+26%13%n/a56.9%+4.2%
Laboratorios Farmaceuticos Rovi ROVI.MCSpain$3.89B+15%+3%20%22.3×1.5%+12.1%
China National Medicines 600511.SSChina$3.31B+2%+3%4%10.7×-9.8%+5.4%
China Medical System 0867.HKHong Kong$3.30B-16%+15%20%10.9×2.9%+2.7%

Questions

Who are Suzhou Zelgen Biopharmaceuticals's main competitors?
Named competitors: Innovent Biologics (1801.HK), Jiangsu Hengrui Pharmaceuticals (600276.SS), InnoCare Pharma (9969.HK), Hutchmed (0013.HK), Ascentage Pharma (6855.HK). The cockpit's measured peer set (industry) also includes Simcere Pharmaceutical (2096.HK), Organon & (OGN), ACADIA Pharmaceuticals (ACAD), Parabilis Medicines (PBLS), Livzon Pharmaceutical (1513.HK), Amylyx Pharmaceuticals (AMLX).
Is Suzhou Zelgen Biopharmaceuticals expensive compared with its peers?
On forward p/e it trades at 43.4× against a peer median of 17.6×, 2nd most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +98%, so the hurdle is -78 pp: the price already allows for a slowdown.
How has Suzhou Zelgen Biopharmaceuticals stock performed?
Over six months to 6 Nov 2026 the shares returned -12.7% against +3.9% for the median peer; over one year -9.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.