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Venus Medtech (Hangzhou), Inc. Class H (HK:2500)
:2500
Hong Kong Market

Venus Medtech (Hangzhou), Inc. Class H (2500) AI Stock Analysis

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HK:2500

Venus Medtech (Hangzhou), Inc. Class H

(2500)

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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
HK$3.00
▲(21.95% Upside)
The score is held back primarily by weak fundamentals—ongoing losses and negative free cash flow—despite some balance-sheet strength. Technicals are a meaningful positive with strong trend/momentum, but overbought signals reduce confidence. Valuation remains constrained by negative earnings and the absence of dividend support.
Positive Factors
Strong gross margin
A relatively strong gross margin indicates the company's devices capture healthy product-level economics versus manufacturing costs. Over the medium term this supports operating leverage as volumes rise, enabling a path to profitability if fixed costs and SG&A are controlled.
Manageable debt / solid equity
A favorable debt profile and strong equity position provide financial flexibility to fund R&D, clinical trials, and commercialization without immediate solvency risk. This structural balance-sheet strength reduces bankruptcy risk and eases access to capital when needed.
Focused TAVR device portfolio
Concentration on transcatheter heart valves and related cardiovascular devices creates a clear strategic niche with high barriers (clinical validation, regulatory approval, hospital adoption). Durable demand from aging populations and less-invasive therapy trends supports long-term market opportunity.
Negative Factors
Persistent net losses
Multi-period net losses and negative operating margins are a structural constraint, limiting retained earnings and reinvestment. Continued operating deficits require recurring financing, raising dilution risk and slowing progress toward sustainable profitability absent consistent revenue improvement.
Consistent negative free cash flow
Sustained negative free cash flow drains liquidity and forces reliance on external funding for R&D and commercialization. Over months this increases financing risk, potential dilution, and constrains the company’s ability to scale manufacturing or invest in market expansion without new capital.
Inconsistent and declining revenue growth
Negative and inconsistent top-line growth undermines economies of scale and delays breakeven. A shrinking revenue base complicates margin expansion, weakens pricing leverage, and suggests challenges in market penetration or competition that could impair medium-term financial recovery.

Venus Medtech (Hangzhou), Inc. Class H (2500) vs. iShares MSCI Hong Kong ETF (EWH)

Venus Medtech (Hangzhou), Inc. Class H Business Overview & Revenue Model

Company DescriptionVenus Medtech (Hangzhou) Inc. develops and commercializes transcatheter heart valve medical devices in Mainland China and internationally. The company's products include VenusA-Valve, a transcatheter aortic heart valve replacement (TAVR) product to treat severe aortic stenosis; VenusP-Valve is a transcatheter pulmonary valve system to treat the dysfunction of right ventricular outflow tract; V8/TAV8 balloon aortic valvuloplasty catheter systems; and TriGUARD3, a cerebral embolic protection device for minimizing the risk of brain damage and prevent cerebral embolism during TAVR and other structural heart disease surgeries. It also develops VenusA-Plus and VenusA-Pilot, which are TAVR product candidates; and transcatheter mitral and tricuspid valve replacement products; Liwen RF ablation system for the treatment of hypertrophic cardiomyopathy; and renal denervation for the treatment of hypertension. The company was founded in 2009 and is headquartered in Hangzhou, the People's Republic of China.
How the Company Makes MoneyVenus Medtech generates revenue through the sale of its medical devices, particularly its transcatheter heart valves, to hospitals and healthcare providers. The company operates on a business-to-business model, where it partners with medical institutions to distribute its products. Key revenue streams include direct product sales, service agreements, and potentially licensing fees for its proprietary technologies. Additionally, strategic partnerships with medical device distributors and collaborations with healthcare professionals for clinical trials and product validation contribute to its earnings by expanding market reach and enhancing product credibility.

Venus Medtech (Hangzhou), Inc. Class H Financial Statement Overview

Summary
Financial performance is pressured by persistent net losses, negative EBIT/EBITDA margins, and multi-period negative free cash flow. Offsetting factors include a relatively strong gross margin and a manageable debt profile, but declining cash levels and inconsistent revenue growth keep the score below average.
Income Statement
35
Negative
The company exhibits a challenging financial situation with consistent net losses over the years. The gross profit margin is relatively strong, indicating effective cost management, but the company is struggling with negative EBIT and EBITDA margins, reflecting significant operational challenges. Revenue growth has been inconsistent, with a decline in the most recent year, highlighting potential issues in market expansion or product demand.
Balance Sheet
55
Neutral
The balance sheet shows a strong equity position with a manageable level of debt, as reflected by a favorable debt-to-equity ratio. However, the declining equity ratio over the years and consistent net losses pose risks to financial stability. The company has maintained a solid cash position, but the reduction in cash and equivalents suggests potential liquidity concerns if losses persist.
Cash Flow
45
Neutral
Cash flow analysis reveals significant challenges with negative free cash flow over multiple periods, although there is a positive shift in operating cash flow in the latest year. The operating cash flow to net income ratio indicates some improvement, but the company's cash flow generation remains weak overall, raising concerns about its ability to sustain operations without additional financing.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue427.25M470.83M491.37M406.46M415.86M276.05M
Gross Profit323.97M367.75M389.20M314.00M324.34M227.28M
EBITDA-572.39M-612.96M-547.84M-999.37M-324.03M-152.83M
Net Income-642.59M-714.31M-703.75M-1.06B-373.64M-182.87M
Balance Sheet
Total Assets3.12B3.25B4.41B5.28B5.11B4.32B
Cash, Cash Equivalents and Short-Term Investments293.31M305.70M781.64M1.88B2.96B2.75B
Total Debt493.59M369.09M826.19M899.64M70.78M32.76M
Total Liabilities1.05B1.04B1.49B1.65B477.61M461.19M
Stockholders Equity2.07B2.21B2.92B3.61B4.55B3.82B
Cash Flow
Free Cash Flow-56.51M-17.82M-872.93M-908.23M-602.08M-361.05M
Operating Cash Flow-58.51M23.74M-610.02M-729.46M-456.92M-237.00M
Investing Cash Flow17.23M-19.90M-346.86M-1.07B-653.04M-297.94M
Financing Cash Flow-149.37M-487.34M-173.99M635.14M1.39B927.75M

Venus Medtech (Hangzhou), Inc. Class H Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.46
Price Trends
50DMA
2.61
Positive
100DMA
2.85
Negative
200DMA
2.92
Negative
Market Momentum
MACD
0.12
Positive
RSI
49.21
Neutral
STOCH
11.75
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 below the 20-day moving average (MA) of 2.96, below the 50-day MA of 2.61, and below the 200-day MA of 2.92, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 11.75 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

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
HK$1.98B42.383.84%32.93%
58
Neutral
HK$8.49B46.074.99%0.48%35.01%483.73%
53
Neutral
HK$1.26B-1.79-26.80%-8.56%-14.84%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
HK$4.43B-18.03-11.20%29.25%9.02%
43
Neutral
HK$5.03B359.090.22%-4.38%
40
Neutral
HK$1.09B-8.51-8.93%-30.60%28.61%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2500
Venus Medtech (Hangzhou), Inc. Class H
2.85
-2.77
-49.29%
HK:9996
Peijia Medical Ltd.
6.60
2.98
82.32%
HK:2190
Zylox-Tonbridge Medical Technology Co., Ltd. Class H
24.66
13.72
125.47%
HK:2160
MicroPort CardioFlow Medtech Corp.
0.79
0.01
1.28%
HK:2216
Broncus Holding Corp.
2.07
1.47
245.00%
HK:6609
Shanghai Heartcare Medical Technology Corp. Ltd. Class H
50.90
26.05
104.83%

Venus Medtech (Hangzhou), Inc. Class H Corporate Events

Venus Medtech Flags U.S. Patent Suit Over Heart Valve Technology Targeting Edwards Lifesciences
Jan 22, 2026

Venus Medtech (Hangzhou) Inc. has informed shareholders that Cardiovalve Ltd. and MTH IP, L.P. have filed a patent infringement lawsuit in the U.S. District Court for the District of Delaware against Edwards Lifesciences over U.S. Patent No. 10,702,385, covering an implant for heart valves. The case, which targets Edwards’ PASCAL Precision Transcatheter Valve Repair System and follows a prior U.S. Federal Circuit decision upholding the patent’s key claims, remains at an early stage with potential claim amounts and outcomes still uncertain, and Venus Medtech has cautioned investors to exercise care when trading its shares as it monitors developments and plans further updates as required under Hong Kong listing rules.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Clarifies Position on U.S. Patent Lawsuit and Market Disclosure Obligations
Jan 20, 2026

Venus Medtech (Hangzhou) Inc., a Hong Kong-listed mainland Chinese cardiovascular device developer, operates through entities such as wholly owned subsidiary Cardiovalve Ltd. and joint venture MTH IP, L.P. to advance its portfolio of innovative heart-related medical technologies in global markets. The company has issued a clarification announcement following media reports on a patent infringement lawsuit filed by Cardiovalve and MTH IP in the U.S. District Court for the District of Delaware against Edwards Lifesciences, stating that after reasonable inquiry it is not aware of any information requiring disclosure to prevent a false market or any inside information that must be announced under Hong Kong listing and securities regulations, and advising shareholders and potential investors to exercise caution when dealing in its shares.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech to Exit Investee Company with US$15 Million Share Disposal
Dec 29, 2025

Venus Medtech (Hangzhou) Inc. has agreed to dispose of its entire remaining stake in an unnamed investee company, selling approximately 1.05% of the investee’s fully diluted share capital for US$15 million to a wholly owned subsidiary of Broncus. The transaction, classified as a discloseable transaction under Hong Kong listing rules, will result in Venus Medtech’s subsidiary exiting its investment in the company entirely, signaling a reallocation of capital that could support the group’s core operations while modestly reshaping its investment portfolio without triggering higher-level shareholder approval requirements.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Files CE MDR Application for Cardiovalve Tricuspid Replacement System
Dec 23, 2025

Venus Medtech (Hangzhou) Inc. has announced that it has formally submitted all application materials for EU CE MDR marking to a European Notified Body for its Cardiovalve transcatheter tricuspid valve replacement system, a key step toward potential commercialization in Europe. The Cardiovalve System is designed to treat both mitral and tricuspid regurgitation using a transfemoral approach that aims to enhance safety, with a large annulus accommodating up to 55 mm to cover about 95% of patients and a short frame intended to reduce left ventricular outflow tract obstruction risk, positioning the product as a competitive, user-friendly option in the structural heart device market, though the company cautions there is no guarantee it will ultimately reach the market and advises investors to exercise caution.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Approves Key Resolution at Extraordinary General Meeting
Nov 28, 2025

Venus Medtech (Hangzhou) Inc. announced that the resolution proposed at their extraordinary general meeting was successfully passed. The resolution involved the approval of terms and transactions under a Disposal Agreement, which was unanimously supported by shareholders who attended the meeting. This development signifies a strategic move for the company, potentially impacting its operational focus and market positioning.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Reports Promising Interim Results for Cardiovalve Study
Nov 18, 2025

Venus Medtech has announced interim clinical results from its Cardiovalve Target Study, highlighting the safety and performance of its transcatheter valve replacement system. The study, involving 125 patients across multiple countries, showed promising results with a high success rate and significant improvements in patients’ cardiac function and quality of life. The 12-month follow-up results demonstrated sustained efficacy and safety, reinforcing the device’s potential impact on patient care and the company’s positioning in the cardiovascular device market.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Announces Convertible Bonds Issuance to Boost Product Development
Nov 14, 2025

Venus Medtech (Hangzhou) Inc. has announced a supplemental agreement regarding the issuance of convertible bonds under a general mandate. The proceeds from this issuance will be used to accelerate the development of the company’s core product pipeline and to supplement general corporate working capital. The company has outlined specific terms for the bridge loan provided by the subscriber, including interest rates and repayment conditions. This strategic financial move is expected to enhance Venus Medtech’s operational capabilities and optimize its capital structure, potentially strengthening its position in the medical technology market.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Announces EGM for Disposal Agreement Approval
Nov 12, 2025

Venus Medtech (Hangzhou) Inc. has announced an extraordinary general meeting to be held on November 28, 2025, to approve a Disposal Agreement with Hangzhou Binjiang Urban Construction Development Co., Ltd. This agreement involves the disposal of construction in progress and associated land use rights, potentially impacting the company’s operational focus and asset management strategy.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 Stock Forecast page.

Venus Medtech Sells Industrial Park Property to Refocus on Core Business
Nov 11, 2025

Venus Medtech has announced a major transaction involving the disposal of property related to its Qiming Healthcare Life Science Industrial Park project, selling it for RMB374,563,969. This move aligns with the company’s strategic shift to concentrate on its core heart valve business, following a previously recognized impairment loss of RMB126.0 million related to the project.

The most recent analyst rating on (HK:2500) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Venus Medtech (Hangzhou), Inc. Class H stock, see the HK:2500 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 17, 2026