Venus Medtech (Hangzhou), Inc. Class H (HK:2500)
:2500
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Venus Medtech (Hangzhou), Inc. Class H
(2500)
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Rating:43Neutral
Price Target:
HK$2.00
▼(-18.70% Downside)
Action:ReiteratedDate:05/04/26
The score is held down primarily by weak financial performance (sharp 2025 revenue decline, persistent losses, and elevated cash burn), reinforced by bearish technicals (below key moving averages and negative MACD). Improved leverage on the balance sheet provides some stability, but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Improved leverage / stronger balance sheet
A markedly lower debt-to-equity (~0.12 in 2025) reduces refinancing and solvency risk, extending operational runway. This durable balance-sheet improvement supports ongoing R&D, regulatory work and commercialization activities without immediate dependence on dilutive financing.
Negative Factors
Sharp revenue decline in 2025
A ~30% revenue drop materially weakens scale economics essential for device makers. Reduced procedure volumes and sales traction impair margin absorption, slow installed-base growth and make a consistent path to break-even harder to achieve absent durable recovery in demand or market share gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / stronger balance sheet
A markedly lower debt-to-equity (~0.12 in 2025) reduces refinancing and solvency risk, extending operational runway. This durable balance-sheet improvement supports ongoing R&D, regulatory work and commercialization activities without immediate dependence on dilutive financing.
Read all positive factors
Venus Medtech (Hangzhou), Inc. Class H (2500) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$793.82M
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-34.96%
EPS Growth42.74%
CountryHK
Employees691
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-1.47
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)3.13
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. 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 t...
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 427.25M | 298.85M | 470.83M | 491.37M | 406.46M | 415.86M |
| Gross Profit | 323.97M | 137.03M | 367.75M | 389.20M | 314.00M | 324.34M |
| EBITDA | -572.39M | -242.34M | -612.96M | -547.84M | -999.37M | -324.03M |
| Net Income | -642.59M | -397.14M | -714.31M | -703.75M | -1.06B | -373.64M |
Balance Sheet | ||||||
| Total Assets | 3.12B | 2.52B | 3.25B | 4.41B | 5.28B | 5.11B |
| Cash, Cash Equivalents and Short-Term Investments | 293.31M | 280.52M | 305.70M | 781.64M | 1.88B | 2.96B |
| Total Debt | 493.59M | 216.43M | 369.09M | 826.19M | 899.64M | 70.78M |
| Total Liabilities | 1.05B | 757.14M | 1.04B | 1.49B | 1.65B | 477.61M |
| Stockholders Equity | 2.07B | 1.76B | 2.21B | 2.92B | 3.61B | 4.55B |
Cash Flow | ||||||
| Free Cash Flow | -56.51M | -332.12M | -17.82M | -872.93M | -908.23M | -602.08M |
| Operating Cash Flow | -58.51M | -321.35M | 23.74M | -610.02M | -729.46M | -456.92M |
| Investing Cash Flow | 17.23M | 364.06M | -19.90M | -346.86M | -1.07B | -653.04M |
| Financing Cash Flow | -149.37M | -184.05M | -487.34M | -173.99M | 635.14M | 1.39B |
Venus Medtech (Hangzhou), Inc. Class H Technical Analysis
Negative
2.46
Price Trends
2.41
Negative
2.51
Negative
2.89
Negative
Market Momentum
-0.05
Negative
46.59
Neutral
55.47
Neutral
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 2.04, above the 50-day MA of 2.41, and below the 200-day MA of 2.89, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 55.47 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$7.92B | 13.68 | 4.88% | 0.48% | 35.28% | 146.71% | |
70 Outperform | HK$2.12B | ― | 4.25% | ― | 47.07% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | HK$4.06B | -6.84 | -11.27% | ― | 16.35% | 9.43% | |
45 Neutral | HK$576.32M | -3.66 | -11.54% | ― | -30.60% | 28.61% | |
43 Neutral | HK$793.82M | -0.88 | -21.05% | ― | -34.96% | 42.74% | |
42 Neutral | HK$3.15B | -1.03 | -6.63% | ― | -4.38% | ― |
* Healthcare Sector Average
HK:2500
Venus Medtech (Hangzhou), Inc. Class H
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Venus Medtech (Hangzhou), Inc. Class H Corporate Events
Venus Medtech Narrows Losses but Revenue and Margins Slide in 2025
Mar 31, 2026
Venus Medtech reported a sharp year-on-year decline in revenue to RMB306.8 million for 2025, down 34.8%, with gross profit falling 42.4% as commercialization profit margins were squeezed to just 0.5% on a non-IFRS basis. The company nonetheless na...
Venus Medtech Schedules Board Meeting to Approve 2025 Annual Results
Mar 19, 2026
Venus Medtech (Hangzhou) Inc. has scheduled a board meeting for March 31, 2026 to review and approve the audited annual results for the year ended December 31, 2025, and to authorize their publication. The meeting may also address other corporate ...
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.