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MARKETS / NASDAQ / ZYBT
NASDAQ · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Zhengye Biotechnology Holding Ltd. ZYBT

4 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 116.4M
▼ 37.6% YoY
CNY -69.8M
▼ 717.0% YoY
CNY 12.3M
▼ 55.1% YoY
In brief

What this company does

The company, through the operating entity, focuses on the research, development, manufacturing and sales of veterinary vaccines, with an emphasis on vaccines for livestock. The operating entity's products are sold in 29 provincial regions across China and are exported to Vietnam, Pakistan and Egypt. The operating entity's product portfolio includes 50 veterinary vaccines, covering monovalent, polyvalent, combined, and combined and polyvalent vaccines for livestock. The operating entity has built three veterinary vaccine production floors, including 13 vaccine production lines, one quality examination center, and one animal facility for vaccine development. As of December 31, 2025, the operating entity had 269 full-time employees. For the fiscal year ended December 31, 2025, the operating entity had a total of 223 customers, of which 98 were direct end-user customers and 121 were distributor customers. Jilin Zhengye, the operating entity, was established as a limited liability company organized under the laws of the PRC on May 18, 2004.

Written from the business description in Zhengye Biotechnology Holding Limited's annual report to the U.S. Securities and Exchange Commission, filed 28 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 116.4M
Revenue, FY2025 · full 4-year series below
Revenue CNY M Net income CNY M
FY2025 · Revenue 116.4 · Net income -69.8
100.0M200.0M-25.0M-50.0M2022202320242025
Compound annual growth
−23.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−71 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -60.6% · Net -71.3%
10%20%-20%-40%-60%2022202320242025
ROE
FY2025 · ROE -26.1%
5%10%-10%-20%2022202320242025

Each CNY of equity lost 26 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 12.3
20M40M-4M-8M2022202320242025
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends 16.0 · Net buybacks —
20M202220232024

Total assetsCNY 436.5M
EquityCNY 249.8M
CashCNY 50.3M
Gross debtCNY 10.2M
Net debtCNY -40.1M
Current ratio1.14×

The company holds more cash than debt.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 2025202420232022
Revenue CNY B0.10.20.20.3
Operating income CNY B−0.10.00.00.1
EBITDA CNY B−0.00.00.10.1
Income tax CNY B0.00.00.00.0
Net income CNY B−0.10.00.00.0
Free cash flow CNY B0.00.00.0−0.0
EPS, diluted CNY ·0.250.691.02
Dividend / sh CNY ····
Payout %·14212546
ROE %−26.14.111.5·
Shares out B·0.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 17 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 78 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inoutside the United States — SEC code F4
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2022

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