Employees: 613
Size Hangzhou Biotest Biotech (688767.SS) is a China Health Care company (Medical Specialties) with a market value of $824M, the 2683rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥36.80 on 6 Nov 2026.
Performance Over six months the shares gained 5.5%, against -12.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 4.5% over the last twelve months (peer median +15.3%); the operating margin is 3.2% (peer median 11.4%).
Valuation It trades at 34.7× forward earnings against a peer median of 19.3× (3rd most expensive of 16).
Capital Return on invested capital runs 4.5 points below its cost of capital (7.0% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥452M | CN¥445M | CN¥555M | CN¥439M | CN¥1.88B |
| Revenue growth | — | -20% | +27% | -77% | — |
| Gross profit | CN¥221M | CN¥192M | CN¥283M | CN¥208M | CN¥993M |
| EBITDA | n/a | CN¥35.5M | CN¥135M | CN¥33.1M | CN¥776M |
| Net income | CN¥10.3M | CN¥49.3M | CN¥170M | CN¥107M | CN¥774M |
| Free cash flow | -CN¥43.3M | -CN¥16.4M | -CN¥108M | CN¥78.8M | CN¥539M |
| Capital expenditure | CN¥139M | CN¥130M | CN¥245M | CN¥56.4M | CN¥179M |
| Total debt | CN¥100M | CN¥18.6M | CN¥440,516 | CN¥3.04M | CN¥7.64M |
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| Measure | 688767.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.9% | -4.6% | 8th lowest of 21 |
| 6-month return | +5.5% | -12.4% | 8th highest of 21 |
| Distance from 52-week high | -27.8% | -31.6% | 9th highest of 21 |
| Revenue growth (TTM) | -4.5% | +15.3% | 4th lowest of 21 |
| Operating margin | 3.2% | 11.4% | 5th lowest of 21 |
| Forward P/E | 34.7× | 19.3× | 3rd most expensive of 16 |
| ROIC minus cost of capital | -4.5 pp | +1.3 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Biotest Biotech 688767.SS | China | $824M | +5% | -4% | 3% | 34.7× | n/a | n/a |
| Advanced Medical Solutions AMS.L | United Kingdom | $824M | +14% | +6% | 12% | 20.7× | 19.6% | +21.4% |
| OrthoPediatrics KIDS | United States | $829M | +78% | +16% | -8% | n/a | n/a | n/a |
| Beijing Aerospace Changfeng 600855.SS | China | $832M | -35% | -10% | -19% | n/a | n/a | n/a |
| Maccura Biotechnology 300463.SZ | China | $814M | -14% | -1% | -4% | 164.7× | 9.2% | -10.2% |
| Shanghai Aladdin Biochemical Technology 688179.SS | China | $806M | -25% | +39% | 26% | 30.0× | 21.1% | +24.2% |
| Zylox-Tonbridge Medical Technology 2190.HK | Hong Kong | $851M | -13% | +39% | 25% | 15.9× | 5.5% | +105.8% |
| Allmed Medical Products 002950.SZ | China | $798M | -39% | +14% | 8% | n/a | n/a | n/a |
| Cofoe Medical Technology 1187.HK | Hong Kong | $798M | -27% | +40% | 10% | 12.5× | -8.0% | +6.6% |
| Standard Engineering Technology SETL.NS | India | $796M | +164% | +26% | 13% | n/a | n/a | n/a |
| Beta Bionics BBNX | United States | $854M | +63% | +44% | -73% | n/a | n/a | n/a |
| Menicon 7780.T | Japan | $854M | +12% | +5% | 9% | 19.3× | n/a | n/a |
| MedCap MCAP.ST | Sweden | $864M | +6% | +17% | 15% | 26.4× | 2.9% | +20.9% |
| JINS 3046.T | Japan | $865M | -12% | +14% | 10% | 16.6× | -7.2% | +11.7% |
| Shanghai INT Medical Instruments 1501.HK | Hong Kong | $784M | -25% | +35% | 21% | 17.8× | -2.1% | +23.5% |
| Sino Medical Sciences Technology 688108.SS | China | $868M | -35% | +22% | 19% | 69.2× | 31.0% | +9.9% |
| Varex Imaging VREX | United States | $783M | -10% | +5% | 8% | 20.3× | n/a | n/a |
| BMC Medical 301367.SZ | China | $780M | -13% | +37% | 17% | 19.8× | 0.1% | +15.6% |
| Modern Dental 3600.HK | Hong Kong | $871M | +19% | +12% | 22% | 8.8× | -7.0% | +11.3% |
| InMode INMD | United States | $767M | -5% | -7% | 18% | 10.1× | -10.5% | +12.4% |
| Cisen Pharmaceutical 603367.SS | China | $890M | -15% | -6% | 8% | 8.3× | -12.9% | -1.3% |