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Zai Lab Limited

HKD 19.04 +$5.46 (+40.21%)

HKSE · 15 Sep 2026 08:08 UTC

Previous Close

HKD 18.96

Day Range

HKD 18.87HKD 19.34

Year Range

HKD 12.31HKD 27.28

Market Cap

21.5B

AVG Volume

10.35M

Trailing/Forward PE

-13.93/-

PEG ratio

3.8

Dividend Yield

Next Earnings Date

2026-11-10

Primary Exchange

Hong Kong Stock Exchange

Revenue (USD)

9688.HK Revenue (USD) by year
Period	Revenue (USD)
2025	460.04M
2024	398.99M
2023	266.72M
2022	215.04M
2021	144.31M
2020	48.96M
2019	12.98M
2018	129.45K
2017	0
2016	0

Net Income (USD)

9688.HK Net Income (USD) by year
Period	Net Income (USD)
2025	-175.49M
2024	-257.1M
2023	-302.67M
2022	-482M
2021	-704.47M
2020	-268.9M
2019	-195.07M
2018	-139.07M
2017	-50.38M
2016	-37.51M

Operating Income (USD)

9688.HK Operating Income (USD) by year
Period	Operating Income (USD)
2025	-229.37M
2024	-282.12M
2023	-366.57M
2022	-404.36M
2021	-700.06M
2020	-301.8M
2019	-203.2M
2018	-141.77M
2017	-51.39M
2016	-38.53M

EBITDA (USD)

9688.HK EBITDA (USD) by year
Period	EBITDA (USD)
2025	-174.03M
2024	-242.99M
2023	-366.13M
2022	-434.84M
2021	-685.7M
2020	-262.96M
2019	-193.44M
2018	-137.29M
2017	-50.84M
2016	-38.33M

Cash Flows (USD)

9688.HK Cash Flows (USD) by year
Period	Cash Flows (USD)
2025	-155.31M
2024	-276.39M
2023	-206.67M
2022	-392.63M
2021	-568.18M
2020	-226.72M
2019	-205.56M
2018	-44.74M
2017	-31.65M
2016	-34.38M

EPS (USD)

9688.HK EPS (USD) by year
Period	EPS (USD)
2025	-0.16
2024	-1.88
2023	-3.45
2022	-4.62
2021	-7.63
2020	-3.45
2019	-3.01
2018	-2.56
2017	-3.08
2016	-3.94

Expenses (USD)

9688.HK Expenses (USD) by year
Period	Expenses (USD)
2025	511.2M
2024	594.77M
2023	555.97M
2022	570.36M
2021	811.09M
2020	344.69M
2019	226.98M
2018	141.96M
2017	58.48M
2016	40.75M

Cash & Debt (USD)

9688.HK Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2025	789.47M
2024	779.67M
2023	806.45M
2022	1.01B
2021	1.41B
2020	1.19B
2019	275.93M
2018	263.3M
2017	229.66M
2016	83.95M

Debt ratios

9688.HK Debt ratios by year
Period	Debt ratios
2025	0.45
2024	0.36
2023	0.45
2022	0.63
2021	1.09
2020	1.81
2019	0.61

Margins

9688.HK Margins by year
Period	Margins
2025	58.48%
2024	62.94%
2023	64.08%
2022	65.58%
2021	63.8%
2020	65.82%
2019	71.13%
2018	66.33%

Return on Capital

9688.HK Return on Capital by year
Period	Return on Capital
2025	-24.53%
2024	-30.57%
2023	-38.02%
2022	-46.1%
2021	-51.05%
2020	-23%
2019	-66.2%
2018	-55.39%
2017	-21.42%
2016	72.77%

Shares Outstanding

9688.HK Shares Outstanding by year
Period	Shares Outstanding
2025	1.11B
2024	1.03B
2023	97.04M
2022	95.99M
2021	95.44M
2020	87.53M
2019	67.91M
2018	58.03M
2017	32.88M
2016	9.64M

Book Value Per Share (USD)

9688.HK Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2025	0.65
2024	0.82
2023	8.2
2022	10.89
2021	14.46
2020	13.36
2019	4.34
2018	4.33
2017	7.15
2016	-5.35

Total Assets (USD)

9688.HK Total Assets (USD) by year
Period	Total Assets (USD)
2025	1.17B
2024	1.19B
2023	1.04B
2022	1.22B
2021	1.61B
2020	1.3B
2019	355.15M
2018	301.99M
2017	249.63M
2016	88.91M

Free Cash Flow Yield

9688.HK Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	-3.92%
Sep 26	-3.93%
Sep 26	-3.58%
Aug 26	-3.6%
Aug 26	-3.66%
Aug 26	-3.7%
Aug 26	-4.33%
Jul 26	-5.2%
Jul 26	-4.84%
Jul 26	-4.8%
Jul 26	-4.71%
Jul 26	-4.97%
Jun 26	-7.92%
Jun 26	-7.66%
Jun 26	-8.35%
Jun 26	-8.73%
May 26	-7.91%
May 26	-7.49%
May 26	-6.83%
May 26	-7.28%
Apr 26	-6.68%
Apr 26	-6.25%
Apr 26	-6.02%
Apr 26	-6.77%
Apr 26	-6.97%
Mar 26	-10.59%
Mar 26	-10.52%
Mar 26	-10.45%
Mar 26	-9.65%
Feb 26	-9.92%
Feb 26	-9.71%
Feb 26	-9.57%
Feb 26	-11.01%
Jan 26	-11.36%
Jan 26	-10.43%
Jan 26	-10.2%
Jan 26	-10.26%
Jan 26	-10.95%
Dec 25	-10.25%
Dec 25	-10.73%
Dec 25	-10.39%
Dec 25	-9.52%
Nov 25	-9.4%
Nov 25	-9.68%
Nov 25	-8.67%
Nov 25	-8.6%
Oct 25	-8.18%
Oct 25	-7.92%
Oct 25	-7.46%
Oct 25	-6.49%
Oct 25	-6.15%
Sep 25	-7.07%
Sep 25	-6.77%
Sep 25	-6.6%
Sep 25	-7.13%
Aug 25	-6.72%
Aug 25	-6.44%
Aug 25	-6.23%
Aug 25	-6.38%
Aug 25	-6%
Jul 25	-5.94%
Jul 25	-6.38%
Jul 25	-6.62%
Jul 25	-6.1%
Jun 25	-7.65%
Jun 25	-7.63%
Jun 25	-6.37%
Jun 25	-7.12%
May 25	-8.77%
May 25	-8.4%
May 25	-9.16%
May 25	-8.87%
May 25	-8.28%
Apr 25	-8.14%
Apr 25	-9.16%
Apr 25	-9.4%
Apr 25	-7.27%
Mar 25	-56.48%
Mar 25	-62.74%
Mar 25	-59.62%
Mar 25	-62.27%
Feb 25	-65.5%
Feb 25	-65.18%
Feb 25	-74.83%
Feb 25	-80.6%
Jan 25	-83.49%
Jan 25	-84.87%
Jan 25	-85.49%
Jan 25	-92.19%
Jan 25	-90.74%
Dec 24	-84.94%
Dec 24	-84.69%
Dec 24	-84.89%
Dec 24	-80.05%
Nov 24	-77.77%
Nov 24	-88.38%
Nov 24	-81.23%
Nov 24	-71.05%
Nov 24	-74.25%
Oct 24	-67.96%

Price to Sales

9688.HK Price to Sales by year
Period	Price to Sales
Sep 26	5.91
Sep 26	5.91
Sep 26	6.48
Aug 26	6.45
Aug 26	6.34
Aug 26	6.26
Aug 26	5.36
Jul 26	4.46
Jul 26	4.8
Jul 26	4.84
Jul 26	4.93
Jul 26	4.66
Jun 26	4.27
Jun 26	4.41
Jun 26	4.04
Jun 26	3.87
May 26	4.27
May 26	4.51
May 26	4.94
May 26	4.63
Apr 26	5.06
Apr 26	5.4
Apr 26	5.61
Apr 26	4.99
Apr 26	4.84
Mar 26	4.5
Mar 26	4.53
Mar 26	4.56
Mar 26	4.94
Feb 26	4.8
Feb 26	4.91
Feb 26	4.98
Feb 26	4.33
Jan 26	4.19
Jan 26	4.57
Jan 26	4.67
Jan 26	4.65
Jan 26	4.35
Dec 25	4.65
Dec 25	4.44
Dec 25	4.58
Dec 25	5
Nov 25	5.07
Nov 25	4.92
Nov 25	5.49
Nov 25	5.54
Oct 25	6.6
Oct 25	6.81
Oct 25	7.24
Oct 25	8.33
Oct 25	8.78
Sep 25	8.08
Sep 25	8.43
Sep 25	8.65
Sep 25	8.01
Aug 25	8.49
Aug 25	8.86
Aug 25	9.16
Aug 25	8.95
Aug 25	9.51
Jul 25	9.61
Jul 25	8.96
Jul 25	8.62
Jul 25	9.37
Jun 25	9.05
Jun 25	9.08
Jun 25	10.87
Jun 25	9.73
May 25	7.9
May 25	8.25
May 25	7.56
May 25	7.81
May 25	8.37
Apr 25	8.51
Apr 25	7.56
Apr 25	7.37
Apr 25	9.53
Mar 25	1.09
Mar 25	0.98
Mar 25	1.03
Mar 25	0.99
Feb 25	0.94
Feb 25	0.94
Feb 25	0.82
Feb 25	0.76
Jan 25	0.74
Jan 25	0.72
Jan 25	0.72
Jan 25	0.67
Jan 25	0.68
Dec 24	0.8
Dec 24	0.8
Dec 24	0.8
Dec 24	0.85
Nov 24	0.87
Nov 24	0.77
Nov 24	0.84
Nov 24	0.96
Nov 24	0.91
Oct 24	1

Price to Book

9688.HK Price to Book by year
Period	Price to Book
Sep 26	4.04
Sep 26	4.04
Sep 26	4.43
Aug 26	4.41
Aug 26	4.34
Aug 26	4.28
Aug 26	3.67
Jul 26	3.05
Jul 26	3.28
Jul 26	3.31
Jul 26	3.37
Jul 26	3.19
Jun 26	2.74
Jun 26	2.83
Jun 26	2.6
Jun 26	2.49
May 26	2.74
May 26	2.9
May 26	3.18
May 26	2.98
Apr 26	3.25
Apr 26	3.48
Apr 26	3.61
Apr 26	3.21
Apr 26	3.11
Mar 26	2.61
Mar 26	2.63
Mar 26	2.65
Mar 26	2.87
Feb 26	2.79
Feb 26	2.85
Feb 26	2.89
Feb 26	2.52
Jan 26	2.44
Jan 26	2.65
Jan 26	2.71
Jan 26	2.7
Jan 26	2.53
Dec 25	2.7
Dec 25	2.58
Dec 25	2.66
Dec 25	2.91
Nov 25	2.95
Nov 25	2.86
Nov 25	3.19
Nov 25	3.22
Oct 25	3.57
Oct 25	3.68
Oct 25	3.91
Oct 25	4.5
Oct 25	4.74
Sep 25	4.17
Sep 25	4.35
Sep 25	4.46
Sep 25	4.13
Aug 25	4.38
Aug 25	4.57
Aug 25	4.73
Aug 25	4.62
Aug 25	4.91
Jul 25	4.96
Jul 25	4.62
Jul 25	4.45
Jul 25	4.83
Jun 25	4.29
Jun 25	4.31
Jun 25	5.16
Jun 25	4.61
May 25	3.75
May 25	3.91
May 25	3.59
May 25	3.71
May 25	3.97
Apr 25	4.04
Apr 25	3.59
Apr 25	3.5
Apr 25	4.52
Mar 25	0.58
Mar 25	0.52
Mar 25	0.55
Mar 25	0.53
Feb 25	0.5
Feb 25	0.5
Feb 25	0.44
Feb 25	0.41
Jan 25	0.39
Jan 25	0.39
Jan 25	0.38
Jan 25	0.36
Jan 25	0.36
Dec 24	0.37
Dec 24	0.37
Dec 24	0.37
Dec 24	0.39
Nov 24	0.4
Nov 24	0.35
Nov 24	0.38
Nov 24	0.44
Nov 24	0.42
Oct 24	0.46

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Zai Lab Limited

Video analysis: 9688.HK

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