---
title: "Zai Lab (ZLAB.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/ZLAB.US/norm.md"
symbol: "ZLAB.US"
name: "Zai Lab"
parent: "https://longbridge.com/zh-HK/quote/ZLAB.US.md"
datetime: "2026-03-13T12:00:50.387Z"
locales:
  - [en](https://longbridge.com/en/quote/ZLAB.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/ZLAB.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/ZLAB.US/norm.md)
---

> 支持的語言: [English](https://longbridge.com/en/quote/ZLAB.US/norm.md) | [简体中文](https://longbridge.com/zh-CN/quote/ZLAB.US/norm.md)


# Zai Lab (ZLAB.US) — 財務報表

## 損益表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.4558 | -0.3263 | -0.3730 | -0.4482 | -0.7955 |
| ROE | -27.33% | -18.54% | -20.33% | -23.46% | -43.32% |
| Revenue | 127.60M | 116.09M | 109.98M | 106.49M | 109.07M |
| Net income | -50.41M | -35.96M | -40.73M | -48.44M | -81.68M |
| Operating income | -69.41M | -48.82M | -54.90M | -56.31M | -67.89M |
| Gross margin | 2.85% | 18.33% | 14.68% | 6.68% | 13.50% |
| Net margin | -39.51% | -30.98% | -37.03% | -45.49% | -74.89% |
| Profit quality | - | - | - | - | - |

## 資產負債表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.17B | 1.16B | 1.16B | 1.17B | 1.19B |
| Leverage | 1.64 | 1.52 | 1.47 | 1.45 | 1.41 |
| BVPS | 6.47 | 6.87 | 7.20 | 7.48 | 7.80 |
| Turnover | 0.3903 | 0.4119 | 0.3977 | 0.3870 | 0.3591 |
| Cash & STI | 689.57M | 717.15M | 732.16M | 757.26M | 779.67M |
| Inv & Rec | 74.75M | 67.14M | 61.70M | 53.05M | 39.88M |
| LT assets | 66.54M | 64.62M | 66.95M | 68.73M | 69.46M |
| Net debt | -465.31M | -497.79M | -540.76M | -564.97M | -626.20M |

## 現金流量表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -26.02M | -32.04M | -31.02M | -61.70M | -55.77M |
| Investing CF | -11.30M | -4.05M | -2.92M | 326.13M | -347.75M |
| Financing CF | -430000.00 | 20.79M | 8.85M | 43.14M | 237.81M |
| Free CF | 15.27M | -27.83M | -23.49M | -53.39M | -73.38M |
| OCF coverage | -114.99% | -86.31% | -125.10% | -98.82% | -2143.31% |
| Repaid & issued | 21.27M | 61.22M | 22.46M | 101.89M | 19.87M |
| CapEx | -677000.00 | -3.00M | -2.88M | -1.53M | -2.60M |