MicroPort CardioFlow Medtech Corporation logo

MicroPort CardioFlow Medtech Corporation

2160.HK

HKSEHealthcareMedical - Devices

Latest quote

HK$1.325

−HK$0.055 · -3.99%

Aug 24, 4:08 PM HKT

2160.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

MicroPort CardioFlow Medtech Corporation is a medical technology firm dedicated to the comprehensive research, development, and commercialization of advanced transcatheter and surgical therapies for structural heart conditions. Operating primarily within the People's Republic of China, its innovative product line includes the Vitaflow Aortic Valve System, Alwide Balloon Catheter, and Alpass Introducer Set, specifically engineered to treat aortic, mitral, tricuspid, and surgical valve disorders. The company also supplies a range of essential procedural accessories. MicroPort CardioFlow Medtech, which commenced operations in 2010, maintains its corporate headquarters in Shanghai, China.

Industry
Medical - Devices
Sector
Healthcare
Headquarters
CN
CEO
Ruinian Zhang
Listed since
Feb 4, 2021
Employees
1,415

Market position

Day range

Current HK$1.325

52-week range

Current HK$1.325

Open
HK$1.38
Previous close
HK$1.38
Volume
665.8K
0.51× average
Average volume
1.31M
Average daily volume
Market cap
651.58M HKD
Beta
0.32
Market reference 1
50-day average
HK$1.1904
+11.31% above average
200-day average
HK$3.2808
-59.61% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.24B HKD
P/E (TTM)
-0.89×
P/B (TTM)
0.07×
P/S (TTM)
1.48×
EV / EBITDA
-38.03×
Earnings yield
-4.92%
Free cash flow yield
-10.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.65%
Operating margin
-27.20%
Net margin
-33.30%
Return on equity
-7.35%
Return on assets
-2.81%
Return on invested capital
-2.38%

Financial health

Debt / equity
0.13×
Current ratio
2.52×
Altman Z-score
-3.54
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%-6%-106%-206%Gross margin, FY2021: 59.11%Gross margin, FY2022: 64.59%Gross margin, FY2023: 68.39%Gross margin, FY2024: 69.48%Gross margin, FY2025: 64.97%Operating margin, FY2021: -79.30%Operating margin, FY2022: -150.02%Operating margin, FY2023: -93.29%Operating margin, FY2024: -17.32%Operating margin, FY2025: -22.78%Net margin, FY2021: -91.26%Net margin, FY2022: -181.02%Net margin, FY2023: -140.25%Net margin, FY2024: -13.68%Net margin, FY2025: -32.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.11%. Gross margin FY2022 64.59%. Gross margin FY2023 68.39%. Gross margin FY2024 69.48%. Gross margin FY2025 64.97%. Operating margin FY2021 -79.30%. Operating margin FY2022 -150.02%. Operating margin FY2023 -93.29%. Operating margin FY2024 -17.32%. Operating margin FY2025 -22.78%. Net margin FY2021 -91.26%. Net margin FY2022 -181.02%. Net margin FY2023 -140.25%. Net margin FY2024 -13.68%. Net margin FY2025 -32.99%.

Income trends

Revenue

443.79M HKD+796.19%

Operating income

−101.09M HKD-1078.71%

Net income

−146.41M HKD-2061.93%
Income trends across reported periods502.81M HKD266.73M HKD30.65M HKD−205.43M HKDRevenue, FY2021: 31.53M HKDRevenue, FY2022: 36.66M HKDRevenue, FY2023: 47.47M HKDRevenue, FY2024: 49.52M HKDRevenue, FY2025: 443.79M HKDOperating income, FY2021: −25M HKDOperating income, FY2022: −55M HKDOperating income, FY2023: −44.29M HKDOperating income, FY2024: −8.58M HKDOperating income, FY2025: −101.09M HKDNet income, FY2021: −28.78M HKDNet income, FY2022: −66.37M HKDNet income, FY2023: −66.58M HKDNet income, FY2024: −6.77M HKDNet income, FY2025: −146.41M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 31.53M HKD. Revenue FY2022 36.66M HKD. Revenue FY2023 47.47M HKD. Revenue FY2024 49.52M HKD. Revenue FY2025 443.79M HKD. Operating income FY2021 −25M HKD. Operating income FY2022 −55M HKD. Operating income FY2023 −44.29M HKD. Operating income FY2024 −8.58M HKD. Operating income FY2025 −101.09M HKD. Net income FY2021 −28.78M HKD. Net income FY2022 −66.37M HKD. Net income FY2023 −66.58M HKD. Net income FY2024 −6.77M HKD. Net income FY2025 −146.41M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue443.79M HKD49.52M HKD47.47M HKD36.66M HKD31.53M HKD
Cost of goods sold155.46M HKD15.11M HKD15.01M HKD12.88M HKD12.89M HKD
Gross profit288.34M HKD34.41M HKD32.46M HKD23.68M HKD18.64M HKD
Research and development112.52M HKD21.01M HKD33.51M HKD32.69M HKD23.73M HKD
Selling, general, and administrative295.31M HKD30.47M HKD41.4M HKD34M HKD24.76M HKD
Operating expenses389.43M HKD42.98M HKD76.75M HKD78.08M HKD43.64M HKD
Interest income7.9M HKD10.4M HKD12.22M HKD5.64M HKD3.88M HKD
Interest expense1.71M HKD517.02K HKD552.77K HKD757.74K HKD3.08M HKD
Depreciation and amortization41.59M HKD3.36M HKD10.39M HKD2.62M HKD914.68K HKD
Operating income−101.09M HKD−8.58M HKD−44.29M HKD−55M HKD−25M HKD
Net income−146.41M HKD−6.77M HKD−66.58M HKD−66.37M HKD−28.78M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-1.66

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.14-0.51-1.15-1.79Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual -0.293, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual -0.114, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual -0.432, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -0.094, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -0.107, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.002, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual -0.493, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -1.66, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates529.19M359.87M190.55M21.22MQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25MissQ3 '25BeatQ1 '26No estimateQ3 '26Estimate
Q1 2023, reported Mar 29, 2023: actual 142.63M HKD, estimate 390.4M HKD, surprise -63.46%, Miss. Q3 2023, reported Aug 29, 2023: actual 190.67M HKD, estimate 393.3M HKD, surprise -51.52%, Miss. Q1 2024, reported Mar 27, 2024: actual 24.97M HKD, estimate 491.84M HKD, surprise -94.92%, Miss. Q3 2024, reported Aug 28, 2024: actual 239.75M HKD, estimate 481.29M HKD, surprise -50.19%, Miss. Q1 2025, reported Mar 27, 2025: actual 147.31M HKD, estimate 250.66M HKD, surprise -41.23%, Miss. Q3 2025, reported Aug 28, 2025: actual 251.05M HKD, estimate 250.5M HKD, surprise +0.22%, Beat. Q1 2026, reported Mar 30, 2026: actual 210.82M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 26, 2026: actual —, estimate 256.67M HKD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Feb 24, 2026

1:5

2160.HK peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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