Clover Biopharmaceuticals (HKSE:02197) Gross Margin %: 102.17% (As of Dec. 2025) — 65% Above Median

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HKSE:02197 Clover Biopharmaceuticals Ltd HKSE:02197
28 GF Score
Price HK$2.37
! 3 Warning Signs
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What is Clover Biopharmaceuticals Gross Margin %?

Clover Biopharmaceuticals HKSE:02197 -6.88% 28 Gross Margin % is 102.17% as of Dec. 2025, which is 65% above its 10-year median of 61.75. GuruFocus rates HKSE:02197 with a GF Score™ of 28/100. The stock has 3 warning signs investors should review. Among 735 Biotechnology companies, Clover Biopharmaceuticals ranks better than 69.52% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Clover Biopharmaceuticals's Gross Profit for the six months ended in Dec. 2025 was HK$0.28 Mil. Clover Biopharmaceuticals's Revenue for the six months ended in Dec. 2025 was HK$0.28 Mil. Therefore, Clover Biopharmaceuticals's Gross Margin % for the quarter that ended in Dec. 2025 was 102.17%.


The historical rank and industry rank for Clover Biopharmaceuticals's Gross Margin % or its related term are showing as below:

HKSE:02197' s Gross Margin % Range Over the Past 10 Years
Min: 56.16   Med: 61.75   Max: 78.2
Current: 78.2


During the past 7 years, the highest Gross Margin % of Clover Biopharmaceuticals was 78.20%. The lowest was 56.16%. And the median was 61.75%.

HKSE:02197's Gross Margin % is ranked better than
69.52% of 735 companies
in the Biotechnology industry
Industry Median: 60.91 vs HKSE:02197: 78.20

Clover Biopharmaceuticals had a gross margin of 102.17% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Clover Biopharmaceuticals was 0.00% per year.


Clover Biopharmaceuticals  (HKSE:02197) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Clover Biopharmaceuticals had a gross margin of 102.17% for the quarter that ended in Dec. 2025 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Clover Biopharmaceuticals Gross Margin % Related Terms


Clover Biopharmaceuticals Gross Margin % Historical Data

* Premium members only.

The historical data trend for Clover Biopharmaceuticals's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Clover Biopharmaceuticals Gross Margin % Chart

Clover Biopharmaceuticals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 0.00 0.00 61.75 56.16 78.18

Clover Biopharmaceuticals Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.02 82.51 61.65 76.33 102.17

HKSE:02197 vs VRTX, REGN, RVMD: Gross Margin % Comparison

For the Biotechnology subindustry, Clover Biopharmaceuticals's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clover Biopharmaceuticals Gross Margin % vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Clover Biopharmaceuticals's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Clover Biopharmaceuticals's Gross Margin % falls into.


HKSE:02197
28GF Score
Clover Biopharmaceuticals Ltd HKSE:02197
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Clover Biopharmaceuticals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Clover Biopharmaceuticals's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3 / 3.872
=(Revenue - Cost of Goods Sold) / Revenue
=(3.872 - 0.845) / 3.872
=78.18 %

Clover Biopharmaceuticals's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=0.3 / 0.277
=(Revenue - Cost of Goods Sold) / Revenue
=(0.277 - -0.0059999999999999) / 0.277
=102.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 102.17% mean?
Clover Biopharmaceuticals (HKSE:02197) has a Gross Margin % of 102.17% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Clover Biopharmaceuticals and its competitors. This is 65% above median its historical median of 61.75. Over the past decade, Clover Biopharmaceuticals' Gross Margin % has ranged from 56.16 to 78.20. According to the industry distribution chart, Clover Biopharmaceuticals ranks #224 out of 735 companies in the Biotechnology industry, placing it in the top 30.5%.
Is Clover Biopharmaceuticals' Gross Margin % too high?
Clover Biopharmaceuticals' current Gross Margin % of 102.17% is 65% above median its 10-year median of 61.75. Over the past 10 years, this metric has ranged from a low of 56.16 to a high of 78.20. The Biotechnology industry median Gross Margin % is 60.91. Clover Biopharmaceuticals' value of 102.17% is 67.7% above this industry median. Based on the distribution chart, Clover Biopharmaceuticals ranks #224 out of 735 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Clover Biopharmaceuticals has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Clover Biopharmaceuticals' Gross Margin % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Clover Biopharmaceuticals ranks #224 out of 735 companies for Gross Margin %. This puts Clover Biopharmaceuticals in the upper half of its industry. The industry median Gross Margin % is 60.91. Clover Biopharmaceuticals' value of 102.17% is 67.7% above this benchmark. Historically, Clover Biopharmaceuticals' own Gross Margin % has ranged from 56.16 to 78.20 over the past decade. While the company's 10-year median is 61.75 vs. the industry median of 60.91, Clover Biopharmaceuticals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Biotechnology company?
The median Gross Margin % among Biotechnology companies is 60.91, based on 735 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clover Biopharmaceuticals's current Gross Margin % of 102.17% is 67.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Clover Biopharmaceuticals and its competitors. For the Biotechnology industry, the median Gross Margin % is 60.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clover Biopharmaceuticals's current Gross Margin % is 102.17%, which is 65% above median its own 10-year median of 61.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clover Biopharmaceuticals stock overvalued right now?
Clover Biopharmaceuticals (HKSE:02197) has a current Gross Margin % of 102.17%. The current Gross Margin % is 102.17%, which is 65% above median its 10-year median of 61.75 and 67.7% above the Biotechnology industry median of 60.91. Clover Biopharmaceuticals' overall GF Score™ is 28/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Clover Biopharmaceuticals (HKSE:02197), the current Gross Margin % is 102.17% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clover Biopharmaceuticals Business Description

Address No. 758 West Nanjing Road, Room 1901, Jing’an District, Shanghai, CHN
Clover Biopharmaceuticals Ltd is a clinical-stage biotechnology company committed to unleashing the power of vaccines to save lives and improve health around the world. The leverage the proprietary Trimer-Tag technology platform to conduct R&D for vaccines that can fulfill unmet needs, with a focus on building a respiratory vaccine franchise to reduce the burden of vaccine-preventable diseases. The Group has only one operating segment, which is the research and development, manufacturing, and commercialisation of vaccines. Geographically, the company earns revenue from Mainland China and Korea.
28GF Score

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