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MicroPort CardioFlow Medtech Corp. (HK:2160)
:2160
Hong Kong Market

MicroPort CardioFlow Medtech Corp. (2160) AI Stock Analysis

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HK:2160

MicroPort CardioFlow Medtech Corp.

(2160)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
HK$1.00
▼(-20.00% Downside)
The score is primarily constrained by ongoing losses and weak cash flow (zero operating/free cash flow), despite a strong equity-funded balance sheet and continued revenue growth. Technicals are mixed-to-moderate, while valuation is a major headwind due to the extremely high P/E and lack of dividend data.
Positive Factors
Conservative capital structure
A very high equity ratio and minimal leverage provide durable financial flexibility, lowering default risk and enabling investment in R&D, clinical trials, and commercialization even while operating losses persist. This supports long-term product development and strategic options.
Sustained revenue growth
Consistent top-line expansion indicates end-market demand for the company’s cardiovascular devices and successful commercial execution. Sustained revenue growth supports future margin improvement through scale, enhances bargaining power with providers, and underpins long-term viability if converted to cash flow.
Focused product and R&D orientation
A focused portfolio in cardiovascular and minimally invasive devices, combined with continued R&D investment, creates a durable competitive moat via differentiated products and clinical evidence. This specialization supports adoption in targeted clinical pathways and long-term revenue durability.
Negative Factors
Zero operating and free cash flow
Absence of operating and free cash flow is a material structural weakness: it limits the company's ability to self-fund R&D, commercial expansion, and working capital needs. Persistent cash burn increases reliance on external financing and heightens refinancing and dilution risk over months.
Sustained unprofitability
Negative EBIT and net income reflect structural margin challenges. Prolonged unprofitability constrains reinvestment, erodes potential returns to shareholders, and raises the prospect of recurring capital raises, which can dilute existing holders and impair long-term strategic flexibility.
Negative return on equity
A negative ROE indicates the company is not generating returns from its equity base despite strong capitalization. If losses persist, the equity cushion loses effectiveness as a competitive advantage and undermines investor confidence in management's ability to convert growth into profitable, cash-generative operations.

MicroPort CardioFlow Medtech Corp. (2160) vs. iShares MSCI Hong Kong ETF (EWH)

MicroPort CardioFlow Medtech Corp. Business Overview & Revenue Model

Company DescriptionMicroPort CardioFlow Medtech Corporation, a medical device company, researches, develops, and commercializes transcatheter and surgical solutions for structural heart diseases in the People's Republic of China. It offers Vitaflow Aortic Valve System, Alwide Balloon Catheter, and Alpass Introducer Set to target aortic, mitral, tricuspid, and surgical valves, as well as procedural accessories. The company was founded in 2010 and is headquartered in Shanghai, China.
How the Company Makes MoneyMicroPort CardioFlow Medtech Corp. generates revenue through the sale of its medical devices and technologies to hospitals, clinics, and healthcare providers. The company’s key revenue streams include direct sales of cardiovascular devices, such as stents and balloons, as well as maintenance and support services for its products. Additionally, it may engage in partnerships with healthcare organizations and distributors to expand its market reach and enhance product distribution. Strategic collaborations with research institutions and participation in clinical trials can also contribute to revenue through grants and funding, while ongoing investments in R&D help drive future innovations and sales growth.

MicroPort CardioFlow Medtech Corp. Financial Statement Overview

Summary
MicroPort CardioFlow Medtech Corp. shows strong revenue growth and a solid equity base, but persistent losses and cash flow challenges are significant concerns. The balance sheet strength provides some buffer, but operational efficiencies need improvement for sustainable profitability.
Income Statement
MicroPort CardioFlow Medtech Corp. has shown substantial revenue growth over the years, with a revenue growth rate of 7.54% from 2023 to 2024. However, the company is struggling with profitability as indicated by negative EBIT and net income, resulting in negative EBIT and net profit margins. The gross profit margin improved slightly, showing a focus on cost management, but overall profitability remains a challenge.
Balance Sheet
The company's balance sheet is relatively strong with a high equity ratio of 81.74%, indicating a solid capital base. The debt-to-equity ratio is low at 0.04, reflecting minimal leverage and reduced financial risk. However, the return on equity remains negative, driven by sustained net losses, which undermines the overall financial health.
Cash Flow
The cash flow statement indicates significant operational challenges, with zero operating and free cash flow in the latest period. The absence of positive cash flows highlights ongoing operational inefficiencies. The company has shown improvements in reducing free cash flow deficits over the years, but cash flow management remains an area of concern.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue367.53M361.56M336.21M251.03M200.81M103.93M
Gross Profit253.91M251.21M229.93M162.13M118.70M45.38M
EBITDA-87.81M-113.32M-386.05M-347.91M-173.99M-227.43M
Net Income4.85M-49.45M-471.53M-454.39M-183.26M-398.09M
Balance Sheet
Total Assets2.67B2.68B2.58B3.00B3.36B1.11B
Cash, Cash Equivalents and Short-Term Investments1.32B1.36B1.07B2.08B2.42B612.47M
Total Debt279.62M76.86M70.48M95.47M125.64M15.83M
Total Liabilities450.55M454.07M242.25M247.55M265.52M1.46B
Stockholders Equity2.18B2.19B2.33B2.75B3.10B-345.18M
Cash Flow
Free Cash Flow-179.62M-270.06M-237.50M-231.60M-269.94M-167.97M
Operating Cash Flow-26.82M-111.67M-206.99M-182.53M-161.50M-109.75M
Investing Cash Flow-668.17M-798.50M-596.06M-179.78M-437.48M-56.42M
Financing Cash Flow-2.75M-56.31M-25.61M-136.42M2.23B676.42M

MicroPort CardioFlow Medtech Corp. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.25
Price Trends
50DMA
1.15
Positive
100DMA
1.27
Negative
200DMA
1.13
Positive
Market Momentum
MACD
0.02
Negative
RSI
54.57
Neutral
STOCH
74.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2160, the sentiment is Positive. The current price of 1.25 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.15, and above the 200-day MA of 1.13, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 74.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2160.

MicroPort CardioFlow Medtech Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$6.72B20.9911.24%1.26%25.18%55.79%
55
Neutral
HK$9.49B21.078.69%1.88%14.56%61.60%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
46
Neutral
HK$7.64B545.450.22%-4.38%
44
Neutral
HK$279.56M-1.59-29.79%6.10%-115.12%
41
Neutral
HK$1.12B-1.59-26.80%-8.56%-14.84%
39
Underperform
HK$4.43B-18.06-11.20%29.25%9.02%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2160
MicroPort CardioFlow Medtech Corp.
1.20
0.51
73.91%
HK:9996
Peijia Medical Ltd.
6.61
2.80
73.49%
HK:1789
AK Medical Holdings Ltd.
5.99
1.84
44.34%
HK:1858
Beijing Chunlizhengda Medical Instruments Co., Ltd. Class H
15.22
7.86
106.79%
HK:2393
Yestar Healthcare Holdings Co Ltd
0.12
0.06
100.00%
HK:2500
Venus Medtech (Hangzhou), Inc. Class H
2.53
-3.09
-54.98%

MicroPort CardioFlow Medtech Corp. Corporate Events

MicroPort CardioFlow Reports Strong One-Year AltaValve TMVR Data as Device Advances in Global Trials
Dec 30, 2025

MicroPort CardioFlow Medtech Corporation announced the formal release of one-year follow-up data from an early feasibility study of AltaValve, a transcatheter mitral valve replacement device independently developed by its associated company 4C Medical Technologies. The multicenter study in Europe, the U.S. and Japan enrolled 30 high‑surgical‑risk patients with severe symptomatic mitral regurgitation and showed a 97% technical success rate, complete elimination of regurgitation, improved hemodynamics, no cardiogenic deaths, and no major adverse events such as stroke or reintervention, with 96% of patients improving to NYHA Class I or II at one year. AltaValve, the world’s first atrial‑anchored, fully retrievable, low‑profile transseptal TMVR system, has received two FDA Breakthrough Device designations in 2024 and is in pivotal trials in Europe and the U.S., supported by a recent US$175 million Series D financing at 4C Medical. The results and regulatory momentum underscore the potential of AltaValve to strengthen MicroPort CardioFlow’s positioning in the global structural heart market, especially in its exclusive Greater China territories, while the company cautions that ultimate commercialization is not guaranteed.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Accelerates Global TAVI Expansion with Strong 2025 Growth Outlook
Dec 30, 2025

MicroPort CardioFlow Medtech Corporation announced that its VitaFlow series TAVI systems have now been introduced in 35 countries and regions, with cumulative implantations nearing 1,300 cases. The company expects implantation volume in 2025 to exceed 850 procedures, implying a year-on-year increase of almost 350%, and reported that second-half 2025 volumes grew by more than 170% versus the first half, driven by CE-mark-backed expansion of VitaFlow Liberty in Europe and rising adoption in emerging Asian and Latin American markets. Management believes the recent acquisition of MicroPort Cardiac Rhythm Management Limited will bolster local distribution channels and clinical support in mature markets like Europe, improving market access and deepening penetration for its TAVI products; the group plans to leverage these integration synergies to develop next-generation TAVI devices, broaden its structural heart disease solutions, and strengthen competitiveness in global valve therapy.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Completes Major Acquisition to Expand into Cardiac Rhythm Management
Dec 21, 2025

MicroPort CardioFlow Medtech Corporation has completed the acquisition of MicroPort Cardiac Rhythm Management Limited and its subsidiaries, which have now become indirect subsidiaries of the group. The deal, structured as a very substantial acquisition and connected transaction involving the issue of new shares under a specific mandate, significantly reshapes the company’s shareholding structure, with total shares rising from about 2.41 billion to 6.37 billion and diluting existing public shareholders while bringing in the original shareholders of the target company and strengthening the stake held by its major shareholder, MicroPort. The merger expands MicroPort CardioFlow’s business from structural heart interventions into cardiac rhythm management, establishing a diversified platform across the “Total Cardio” field, broadening its global market presence, and enhancing competitiveness and risk resilience as it seeks to integrate technologies and resources to offer comprehensive heart failure management solutions.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Medtech Corp. Announces Board Composition
Dec 15, 2025

MicroPort CardioFlow Medtech Corp. has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides clarity on the company’s leadership structure, which is crucial for its strategic direction and operational efficiency, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Medtech Corp. Shareholders Approve Strategic Merger
Dec 15, 2025

MicroPort CardioFlow Medtech Corp. announced that its shareholders approved a merger agreement at an extraordinary general meeting held on December 15, 2025. The merger involves MicroPort CardioFlow CRM Limited and MicroPort Cardiac Rhythm Management Limited, with plans to issue new shares to complete the merger. This strategic move is expected to enhance the company’s market position and expand its product offerings in the cardiovascular sector.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Announces Board Changes and New Co-Chairman
Dec 15, 2025

MicroPort CardioFlow Medtech Corp. announced significant changes in its board of directors, with the resignation of Mr. Zhao Liang, Ms. Yan Luying, and Mr. Zhang Junjie, effective December 15, 2025. The company expressed gratitude for their contributions and confirmed there were no disagreements with the board. Dr. Brian Chang has been appointed as a non-executive director and co-chairman. Dr. Chang brings a wealth of experience in medical technology and academia, having co-founded startups and served as a lecturer at MIT. His appointment is expected to enhance the company’s strategic direction and innovation in cardiovascular technologies.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Medtech Corp. Restructures Board and Targets Heart Failure Market
Dec 15, 2025

MicroPort CardioFlow Medtech Corp. has announced significant changes in its board committees and the establishment of new strategic committees to enhance its market positioning. The company aims to leverage its technological capabilities and expertise in cardiovascular devices to enter the heart failure treatment market, following a proposed merger. This strategic move is expected to position the company as a leader in heart failure diagnosis and treatment, offering comprehensive management solutions that integrate device-based therapy and continuous monitoring.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Clarifies EGM Voting Deadline
Nov 25, 2025

MicroPort CardioFlow Medtech Corporation has issued a supplemental announcement to clarify the deadline for lodging share transfers to qualify for voting rights at the upcoming Extraordinary General Meeting (EGM). The corrected deadline is now set for 4:30 p.m. on Tuesday, December 9, 2025, instead of the previously stated date. This clarification ensures stakeholders are accurately informed about the voting process, maintaining transparency and trust in the company’s governance.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

MicroPort CardioFlow Medtech Announces Merger Plans
Nov 24, 2025

MicroPort CardioFlow Medtech Corp. has announced an extraordinary general meeting to discuss a proposed merger with MicroPort Cardiac Rhythm Management Limited. The merger involves issuing new shares to the target company’s shareholders, which could significantly impact the company’s market position and shareholder value.

The most recent analyst rating on (HK:2160) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on MicroPort CardioFlow Medtech Corp. stock, see the HK:2160 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 06, 2026