SVANasdaqPharmaceutical PreparationsUS GAAP · USD

Sinovac Biotech, Ltd

Sinovac Biotech Ltd. is a biopharmaceutical company focused on researching, manufacturing, and commercializing vaccines and related biological products for human infectious diseases. Its portfolio includes established vaccines and product candidates spanning influenza, hepatitis, varicella, polio, rabies, tetanus, pneumococcal disease, and newer vaccine platforms.

Liikevaihto386milj. USD
+6,8 %v/v
Liikevoitto (EBIT)−490milj. USD
+3,0 %v/v
EBIT-marginaali−127,0%
+12,9 %-yks.v/v
Nettotulos−199milj. USD
−589,1 %v/v
Vapaa kassavirta−561milj. USD
−267,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−505101520mrd USD2020: 0,51 mrd USD2020: EBIT 0,22 mrd USD20202021: 19,4 mrd USD2021: EBIT 17,6 mrd USD20212022: 1,5 mrd USD2022: EBIT −0,47 mrd USD20222023: 0,45 mrd USD2023: EBIT −0,60 mrd USD20232024: 0,36 mrd USD2024: EBIT −0,51 mrd USD20242025: 0,39 mrd USD2025: EBIT −0,49 mrd USD20250,39−0,49
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Commercial vaccines75 %

Licensed and marketed vaccines used for prevention of infectious diseases.

Pandemic and outbreak vaccines10 %

Vaccines developed for major public health emergencies and outbreak response.

Prequalified global vaccines10 %

WHO-prequalified products suited for international procurement and public programs.

R&D pipeline5 %

Combination vaccines, recombinant protein vaccines, mRNA and antibody candidates.

Asiakkaat

SINOVAC sells primarily to public health systems, vaccination programs, and healthcare distributors that procure vaccines for population immunization. It also serves international agencies and local partners that need WHO-prequalified or locally adapted vaccine supply.

Public health authorities

Buy vaccines for national immunization programs and outbreak response.

International procurement organizations

Source WHO-prequalified vaccines for global health and aid programs.

Local commercial partners

Distribute and register vaccines in specific countries or regions.

Healthcare providers

Use selected vaccines in clinics and hospitals for patient immunization.

Research and development partners

Collaborate on clinical development, technology transfer, and localized production.

Strategia

SINOVAC’s strategy centers on expanding its vaccine portfolio, progressing late-stage clinical programs, and adding newer technology platforms such as mRNA and antibody-based products. It also seeks to widen its global footprint through research partnerships, local manufacturing, and market access arrangements that support vaccine supply in multiple regions.

Advance vaccine pipelineKeskipitkä aikaväli

New products are needed to replenish the portfolio and extend growth beyond existing franchises.

Expand global accessKeskipitkä aikaväli

Broader geographic reach reduces reliance on any single market and improves commercial optionality.

Build next-generation platformsPitkä aikaväli

New platforms can improve future competitiveness and support responses to emerging infectious diseases.

Maantiede

2024

SINOVAC is headquartered in China and operates as a global vaccine business with sales, R&D, and manufacturing tied to the Chinese market and overseas partnerships. Its products are designed for both domestic disease-prevention needs and international supply, including vaccines with WHO prequalification for broader global access.

Kina100 %

Riskit

SINOVAC faces clinical, regulatory, and commercialization risk because vaccine candidates must progress through lengthy trials and market authorization processes before generating revenue. It is also exposed to demand concentration in public-sector procurement, competition from other vaccine developers, and execution risks tied to manufacturing quality, technology transfer, and global distribution.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Regulatory approval delays1Clinical development failure2Manufacturing and quality control3Customer concentration in public procurement4Competitive and technological change5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Regulatory approval delaysVaikutus: KorkeaTodennäköisyys: Korkea

    Vaccines require country-by-country registration and authorization, which can slow commercialization.

    Kohdistuu: International expansion and new product launches

  2. Clinical development failureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Vaccine candidates must complete trials and meet efficacy and safety standards before approval.

    Kohdistuu: Pipeline products such as PCV13 and next-generation vaccines

  3. Manufacturing and quality controlVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Biologics require stringent production consistency, cold-chain handling, and regulatory compliance.

    Kohdistuu: Vaccine manufacturing and supply

  4. Customer concentration in public procurementVaikutus: KeskitasoTodennäköisyys: Korkea

    A large share of vaccine demand is driven by governments and agencies that buy in batches and through tenders.

    Kohdistuu: National immunization programs and public health buyers

  5. Competitive and technological changeVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New vaccine platforms and competitors can shift demand toward newer products or lower-cost alternatives.

    KohdistuuInfluenzaCOVID-19Next-generation vaccines

Kirjanpito

Harkinnanvaraiset erät
Revenue timing for vaccine deliveries

Sales can depend on shipment milestones and government procurement cycles.

Vaikutus: Quarterly comparability and revenue volatility

Goodwill and intangible impairment

Prior acquisitions or product assets may need write-downs if prospects weaken.

Vaikutus: Operating income and asset base

Fair value of investments

Wealth management products and short-term investments can create mark-to-market or realized gains/losses.

Vaikutus: Other income and cash flow

Provisioning and credit losses

Receivables and related-party balances require estimation of collectability.

Vaikutus: Net income and balance-sheet allowances

Employee incentive accruals

Long-term incentive plans and bonuses can create significant period-specific expenses and cash outflows.

Vaikutus: Operating expense and operating cash flow

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026