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Starcoin Group Limited

0399.HK
10
Household & Personal Products · Consumer Defensive
Price
HK$0.07
+0.02 (+32.73%)
Market Cap
HK$164.9M
Exchange
Hong Kong Stock Exchange
Winston Score
10
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Sep 30, 2025
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Mixed
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+18.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.46B (2021) → 1.73B (2025)

Winston Score History

The full picture

Innovative Pharmaceutical Biotech Ltd is a pharmaceutical and biotechnology company based in Asia that develops and sells medicines and health-related products. The company focuses on drug research, development, and commercialization, serving patients and healthcare providers across its core markets. It operates in an industry where turning scientific research into approved treatments is the central challenge.

The company earns revenue by selling pharmaceutical products and potentially through licensing agreements or partnerships with other drug makers. Its operations are primarily concentrated in Asian markets, which gives it exposure to large and growing patient populations. The main risk the business faces is the high cost and uncertainty of drug development — clinical trials can fail, regulatory approvals can be delayed, and competition from larger pharmaceutical companies with deeper resources can limit market share. Investors should watch how its pipeline of drug candidates progresses through development stages.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.8% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-102.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

HK$2M/ year

Rising (+47% vs prior year)

99.9% of revenue

Investing heavily in future products and technology

Cash Position

Cash flow positive

HK$18M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

Starcoin Group Limited is putting 100% of revenue into R&D and that number is rising. And they're generating enough cash to self-fund it.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
13.9%
Thin — 13.9% gross margin
Profit after running costs
Operating Margin
-499.1%
Losing money on operations — -499.1%
Return on the money invested
ROCE
-5.2%
Weak — -5.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-49.2%
Shrinking sales (-49.2% YoY)
Profit growth
EPS YoY
-111.0%
Earnings shrinking (-111.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
111.2%
Converts sales into free cash efficiently (111.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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