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Venus Medtech (Hangzhou), Inc. Class H
(2500)
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Rating:47Neutral
Price Target:
HK$1.00
▼(-59.35% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily held back by weak financial performance—ongoing losses, a sharp 2025 revenue decline, and significant cash burn—despite a comparatively healthier balance sheet. Technicals are mildly supportive with price above key moving averages, but momentum is not strongly positive. Valuation remains challenged because losses make the negative P/E unhelpful and there is no dividend support.
Positive Factors
Product Focus (TAVI)
A concentrated product portfolio centered on transcatheter aortic valve implantation (TAVI) and structural heart devices creates durable specialization. This niche requires clinical validation and distribution relationships, which raise entry barriers and support recurring device and accessory sales as procedures scale.
Negative Factors
Sharp Revenue Decline
A near-term ~30% revenue drop signals persistent demand, market access, or execution issues. Declining top line erodes operating leverage, weakens the case for scaling commercial investments, and makes it harder to convert favorable product economics into sustainable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Product Focus (TAVI)
A concentrated product portfolio centered on transcatheter aortic valve implantation (TAVI) and structural heart devices creates durable specialization. This niche requires clinical validation and distribution relationships, which raise entry barriers and support recurring device and accessory sales as procedures scale.
Read all positive factors
Venus Medtech (Hangzhou), Inc. Class H (2500) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$568.90M
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-34.96%
EPS Growth42.74%
CountryHK
Employees560
SectorHealthcare
Sector Strength45
IndustryMedical - Specialties
Share Statistics
EPS (TTM)-0.93
Shares Outstanding441,010,220
10 Day Avg. Volume2,133,843
30 Day Avg. Volume2,483,027
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.53
Price to Sales (P/S)3.05
P/FCF Ratio-2.82
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)-0.25
Revenue Forecast (FY)HK$791.75M
Venus Medtech (Hangzhou), Inc. Class H Business Overview & Revenue Model
Company Description
Venus Medtech (Hangzhou) Inc., together with its subsidiaries, engages in the research, development, manufacturing, and sale of bioprosthetic heart valves in Mainland China and internationally. The company’s offers transcatheter aortic heart valve...
How the Company Makes Money
The company makes money primarily by selling medical devices used in catheter-based cardiovascular procedures. Its key revenue streams are (1) sales of structural heart intervention products—most notably TAVI systems (valves and their delivery sys...
Venus Medtech (Hangzhou), Inc. Class H Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 306.79M | 470.83M | 491.37M | 406.46M | 415.86M |
| Gross Profit | 211.83M | 367.75M | 389.20M | 314.00M | 324.34M |
| EBITDA | -315.42M | -612.96M | -547.84M | -999.37M | -324.03M |
| Net Income | -407.69M | -714.31M | -703.75M | -1.06B | -373.64M |
Balance Sheet | |||||
| Total Assets | 2.52B | 3.25B | 4.41B | 5.28B | 5.11B |
| Cash, Cash Equivalents and Short-Term Investments | 280.52M | 305.70M | 781.64M | 1.88B | 2.96B |
| Total Debt | 216.43M | 369.09M | 826.19M | 899.64M | 70.78M |
| Total Liabilities | 757.14M | 1.04B | 1.49B | 1.65B | 477.61M |
| Stockholders Equity | 1.76B | 2.21B | 2.92B | 3.61B | 4.55B |
Cash Flow | |||||
| Free Cash Flow | -332.12M | -17.82M | -872.93M | -908.23M | -602.08M |
| Operating Cash Flow | -321.35M | 23.74M | -610.02M | -729.46M | -456.92M |
| Investing Cash Flow | 364.06M | -19.90M | -346.86M | -1.07B | -653.04M |
| Financing Cash Flow | -184.05M | -487.34M | -173.99M | 635.14M | 1.39B |
Venus Medtech (Hangzhou), Inc. Class H Technical Analysis
Negative
2.46
Price Trends
1.38
Negative
1.79
Negative
2.27
Negative
Market Momentum
-0.02
Positive
43.31
Neutral
13.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2500, the sentiment is Negative. The current price of 2.46 is above the 20-day moving average (MA) of 1.37, above the 50-day MA of 1.38, and above the 200-day MA of 2.27, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.31 is Neutral, neither overbought nor oversold. The STOCH value of 13.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2500.
Venus Medtech (Hangzhou), Inc. Class H Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$1.66B | 16.10 | 7.53% | ― | 47.07% | ― | |
59 Neutral | HK$2.97B | 56.62 | 2.07% | ― | 91.69% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | HK$568.90M | -1.16 | -21.29% | ― | -34.96% | 42.74% | |
45 Neutral | HK$13.65B | 34.26 | 6.07% | ― | -3.62% | ― | |
40 Underperform | HK$1.48B | -0.70 | -7.01% | ― | ― | ― | |
39 Underperform | HK$25.10B | -72.34 | -52.78% | ― | 114.97% | 63.21% |
* Healthcare Sector Average
HK:2500
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Venus Medtech (Hangzhou), Inc. Class H Corporate Events
Venus Medtech Subscription Deal Lapses as Company Pursues New Financing Plan
Jul 5, 2026
Venus Medtech (Hangzhou) Inc. announced that its subscription agreement for a proposed issue of up to RMB200 million in convertible bonds has lapsed after certain conditions precedent were not met by the agreed long stop date, releasing both parti...
Venus Medtech Explores Up to RMB500 Million Investment via Shares and Convertible Bonds
Jul 1, 2026
Venus Medtech (Hangzhou) Inc. has signed a non-binding investment term sheet with Hangzhou Hi-Tech, Hangzhou Yingzhiqin and other potential investors for a prospective capital injection of up to RMB500 million. The funding would be raised through ...
Venus Medtech Wins Shareholder Backing for All 2025 AGM Resolutions
Jun 25, 2026
Venus Medtech (Hangzhou) Inc. reported that all resolutions tabled at its 2025 annual general meeting in Hangzhou were approved by shareholders, with participation representing 24.02% of the issued share capital. The meeting, chaired by board chai...
Venus Medtech Sets 2025 AGM to Approve Reports, Profit Plan and Capital Mandates
Jun 3, 2026
Venus Medtech (Hangzhou) Inc. has called its 2025 annual general meeting for June 25, 2026 in Hangzhou, where shareholders will vote on the 2025 annual report, board and supervisory committee work reports, the profit distribution plan, and the re-...
Venus Medtech Executive Director Resigns, Board Signals Smooth Transition
May 15, 2026
Venus Medtech (Hangzhou) Inc., a Hong Kong-listed Chinese medical technology company specializing in cardiovascular devices, is governed by a board that includes executive, non-executive and independent non-executive directors. This structure unde...
Venus Medtech Outlines Board and Committee Roles to Strengthen Governance
May 15, 2026
Venus Medtech (Hangzhou) Inc. has disclosed the current composition of its board of directors, detailing the mix of executive, non-executive, and independent non-executive directors and their respective responsibilities. The announcement clarifies...
Venus Medtech Announces Change of Company Secretary and Authorized Representatives
May 6, 2026
Venus Medtech (Hangzhou) Inc. has announced the resignation of company secretary and authorized representative Mr. Wong Wai Chiu, effective 6 May 2026, with the board noting there is no disagreement or outstanding matter related to his departure t...
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.