Suzhou Basecare Medical Corp. Ltd. Class H (HK:2170)
:2170
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Suzhou Basecare Medical Corp. Ltd. Class H
(2170)
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Rating:42Neutral
Price Target:
HK$1.50
▼(-23.86% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily weighed down by weak financial performance driven by large ongoing losses and persistent cash burn, alongside a pronounced technical downtrend with negative momentum. Valuation inputs provided do not add supportive evidence (P/E shown as 0.000 and no dividend yield).
Positive Factors
Recurring consumables revenue
A significant portion of revenue comes from per‑procedure consumables used by fertility clinics and IVF labs. Recurring consumable demand creates a durable, repeatable revenue stream tied to procedure volumes, improving revenue predictability and customer lifetime value over months.
Negative Factors
Large and persistent operating & net losses
Very large operating and net losses are structural negatives: they erode retained capital, necessitate external financing or equity issuance, and limit reinvestment. Without a clear multi‑quarter path to materially narrower losses, profitability remains an open risk to sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables revenue
A significant portion of revenue comes from per‑procedure consumables used by fertility clinics and IVF labs. Recurring consumable demand creates a durable, repeatable revenue stream tied to procedure volumes, improving revenue predictability and customer lifetime value over months.
Read all positive factors
Suzhou Basecare Medical Corp. Ltd. Class H (2170) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$426.70M
Dividend YieldN/A
Average Volume (3M)121.73K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-21.90%
EPS Growth5.78%
CountryHK
Employees497
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.86
Shares Outstanding82,713,840
10 Day Avg. Volume98,950
30 Day Avg. Volume121,733
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.49
Price to Sales (P/S)1.96
P/FCF Ratio-1.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.23
Revenue Forecast (FY)HK$412.00M
Suzhou Basecare Medical Corp. Ltd. Class H Business Overview & Revenue Model
Company Description
Suzhou Basecare Medical Corporation Limited, an investment holding company, engages in the research, development, manufacture, and provision of genetic testing solutions for assisted reproduction and sale of genetic testing devices and instruments...
How the Company Makes Money
The company makes money primarily by selling ART medical devices and consumables to hospitals, fertility clinics, and IVF laboratories. Its revenue model is product-based: (1) recurring revenue from consumables used per procedure and routine lab o...
Suzhou Basecare Medical Corp. Ltd. Class H Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.71M | 233.27M | 299.11M | 207.98M | 140.90M | 107.30M |
| Gross Profit | 131.54M | 123.61M | 136.22M | 91.35M | 59.53M | 51.15M |
| EBITDA | -226.62M | -166.99M | -253.30M | -174.14M | -117.73M | -118.88M |
| Net Income | -238.59M | -223.46M | -237.03M | -191.69M | -123.16M | -143.65M |
Balance Sheet | ||||||
| Total Assets | 1.57B | 1.45B | 1.67B | 1.90B | 1.78B | 1.80B |
| Cash, Cash Equivalents and Short-Term Investments | 545.48M | 447.34M | 684.63M | 945.71M | 1.33B | 1.52B |
| Total Debt | 342.23M | 343.51M | 328.42M | 281.92M | 75.54M | 48.57M |
| Total Liabilities | 535.35M | 512.00M | 527.47M | 499.98M | 188.33M | 85.85M |
| Stockholders Equity | 1.03B | 935.06M | 1.14B | 1.40B | 1.59B | 1.72B |
Cash Flow | ||||||
| Free Cash Flow | -297.35M | -243.37M | -322.41M | -371.44M | -317.52M | -234.71M |
| Operating Cash Flow | -207.59M | -160.01M | -229.12M | -267.23M | -188.77M | -197.85M |
| Investing Cash Flow | -1.63M | -5.33M | -181.19M | -324.81M | -88.70M | -56.60M |
| Financing Cash Flow | -2.45M | 16.13M | 33.78M | 190.55M | 23.51M | 1.60B |
Suzhou Basecare Medical Corp. Ltd. Class H Technical Analysis
Negative
1.97
Price Trends
1.93
Negative
1.95
Negative
2.40
Negative
Market Momentum
-0.08
Positive
28.03
Positive
18.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2170, the sentiment is Negative. The current price of 1.97 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 1.93, and below the 200-day MA of 2.40, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 28.03 is Positive, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2170.
Suzhou Basecare Medical Corp. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | HK$3.39B | 71.23 | 2.04% | ― | 91.69% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | HK$3.49B | -17.66 | -11.27% | ― | 16.35% | 9.84% | |
43 Neutral | HK$528.74M | -8.27 | -11.54% | ― | -30.60% | 28.61% | |
43 Neutral | HK$582.14M | -2.30 | -21.29% | ― | -34.96% | 42.74% | |
42 Neutral | HK$426.70M | ― | -17.38% | ― | -21.90% | 5.78% | |
42 Neutral | HK$2.43B | -1.03 | -6.63% | ― | -4.38% | ― |
* Healthcare Sector Average
HK:2170
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Suzhou Basecare Medical Corp. Ltd. Class H Corporate Events
Basecare Wins NMPA Class III Approval for Gems Embryo Culture Medium
May 13, 2026
Suzhou Basecare Medical Corporation Limited has obtained National Medical Products Administration approval in China for its independently developed Gems cleavage embryo culture medium as a Class III medical device. The product had already secured ...
Suzhou Basecare Calls 2025 AGM to Approve Reports, Budget and Capital Mandates
May 12, 2026
Suzhou Basecare Medical Corporation Limited has called its 2025 annual general meeting for June 4, 2026, in Suzhou, where shareholders will review key 2025 corporate reports, including board and supervisory reports, the annual report, and the grou...
Suzhou Basecare to Convert 190 Million Unlisted Shares into H Shares for Full Circulation
May 12, 2026
Suzhou Basecare Medical Corporation Limited plans to implement an H share full circulation scheme by converting 190,812,165 domestic unlisted shares into H shares tradable on the Hong Kong Stock Exchange. The move, which does not require further s...
Basecare to Amend Articles and Cancels Planned Class Meetings
May 12, 2026
Suzhou Basecare Medical Corporation Limited plans to amend its articles of association to align with updated Hong Kong listing rules and relevant regulations, aiming to strengthen corporate governance and operational compliance. Key changes includ...
Basecare Wins First China Approval for Thalassemia-Focused PGT-M Kit, Strengthening IVF Genetics Lead
Apr 29, 2026
Suzhou Basecare Medical Corporation Limited has received national Class III medical device registration from Chinese regulators for its independently developed Pre-implantation Genetic Testing Kit for Thalassemia, becoming the first such thalassem...
Suzhou Basecare Wins NMPA Approval for Key IVF Media, Bolstering Assisted Reproduction Portfolio
Apr 7, 2026
Suzhou Basecare Medical Corporation Limited has received Class III medical device registration certificates from China’s National Medical Products Administration for its fertilisation medium and blastocyst medium, two core products in its Ge...
Basecare pivots to commercialization as revenue dips but margins improve in 2025
Mar 30, 2026
Suzhou Basecare Medical Corporation Limited reported 2025 revenue of RMB233.3 million, down from RMB299.1 million in 2024, while narrowing its operating loss and improving gross margins through cost controls and a refined product and regional mix....
Suzhou Basecare Sets March 30 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 18, 2026
Suzhou Basecare Medical Corporation Limited has scheduled a board meeting for March 30, 2026, to review and approve the annual results of the company and its subsidiaries for the financial year ended December 31, 2025. The board will also consider...
Suzhou Basecare Wins China Approval for Fully Domestic PGT-A IVF Testing Kit
Mar 16, 2026
Suzhou Basecare Medical Corporation Limited has obtained national Class III medical device registration from China’s regulator for its pre-implantation genetic testing kit for aneuploidy, which is built on a purely domestically developed hig...
Suzhou Basecare Wins NMPA Approval for Geri Embryo Culture Medium, Expands Local Fertility Ecosystem
Feb 26, 2026
Suzhou Basecare Medical Corporation Limited announced that it has received Class III medical device registration approval from China’s National Medical Products Administration for its Geri Medium, part of the Gems series embryo culture media...
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.