Zylox-Tonbridge Medical Technology Co., Ltd. logo

Zylox-Tonbridge Medical Technology Co., Ltd.

2190.HK

HKSEHealthcareMedical - Devices

Latest quote

HK$20.50

−HK$0.54 · -2.57%

Aug 24, 11:01 AM HKT

2190.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zylox-Tonbridge Medical Technology Co., Ltd. is a global medical device firm specializing in neurovascular and peripheral vascular interventional technologies. Their comprehensive product line for treating ischemic stroke includes the ThromBite Clot Retriever, designed to extract clots from major brain vessels, as well as aspiration and balloon guiding catheters. For peripheral vascular conditions, they offer the ZENFLEX Pro Drug-eluting Stent System for managing complex and recurring symptomatic lesions, the self-expanding ZENFlex Peripheral Stent System for deployment in the iliac, superficial femoral, and proximal popliteal arteries, and drug-coated Percutaneous Transluminal Angioplasty (PTA) Balloon Catheters for treating arterial stenoses or blockages in these same regions. Their neurovascular offerings further extend to Ton-Bridge extra soft coils, utilized for the endovascular embolization of intracranial aneurysms and other cerebral vascular malformations like arteriovenous malformations (AVMs) and fistulae. Supporting these are a range of microcatheters (for coiling or selective agent delivery), distal access and intracranial PTA balloon catheters, vascular snares, and IVC filter snare retrieval kits. Established in 2012, Zylox-Tonbridge Medical Technology Co., Ltd. maintains its headquarters in Zhejiang, People's Republic of China.

Industry
Medical - Devices
Sector
Healthcare
Headquarters
CN
CEO
Zhong Zhao
Listed since
Jul 5, 2021
Employees
925

Market position

Day range

Current HK$20.50

52-week range

Current HK$20.50

Open
HK$22.00
Previous close
HK$21.04
Volume
2.58M
5.41× average
Average volume
477.16K
Average daily volume
Market cap
6.37B HKD
Beta
0.3
Market reference 1
50-day average
HK$19.1592
+7.00% above average
200-day average
HK$22.166
-7.52% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.2B CNY
P/E (TTM)
18.69×
P/B (TTM)
1.86×
P/S (TTM)
4.56×
EV / EBITDA
26.72×
Earnings yield
3.64%
Free cash flow yield
4.00%
Dividend yield
1.76%

Profitability & efficiency

Gross margin
73.18%
Operating margin
24.34%
Net margin
25.05%
Return on equity
7.56%
Return on assets
6.84%
Return on invested capital
5.94%

Financial health

Debt / equity
0.05×
Current ratio
5.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%17%-61%-139%Gross margin, FY2021: 74.13%Gross margin, FY2022: 75.63%Gross margin, FY2023: 72.95%Gross margin, FY2024: 71.55%Gross margin, FY2025: 72.14%Operating margin, FY2021: -119.43%Operating margin, FY2022: -62.38%Operating margin, FY2023: -29.66%Operating margin, FY2024: 7.78%Operating margin, FY2025: 18.59%Net margin, FY2021: -112.24%Net margin, FY2022: -33.99%Net margin, FY2023: -14.92%Net margin, FY2024: 12.81%Net margin, FY2025: 23.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 74.13%. Gross margin FY2022 75.63%. Gross margin FY2023 72.95%. Gross margin FY2024 71.55%. Gross margin FY2025 72.14%. Operating margin FY2021 -119.43%. Operating margin FY2022 -62.38%. Operating margin FY2023 -29.66%. Operating margin FY2024 7.78%. Operating margin FY2025 18.59%. Net margin FY2021 -112.24%. Net margin FY2022 -33.99%. Net margin FY2023 -14.92%. Net margin FY2024 12.81%. Net margin FY2025 23.11%.

Income trends

Revenue

1.06B CNY+35.15%

Operating income

196.64M CNY+222.81%

Net income

244.37M CNY+143.75%
Income trends across reported periods1.18B CNY676.5M CNY168.51M CNY−339.47M CNYRevenue, FY2021: 177.91M CNYRevenue, FY2022: 334.09M CNYRevenue, FY2023: 527.75M CNYRevenue, FY2024: 782.48M CNYRevenue, FY2025: 1.06B CNYOperating income, FY2021: −212.48M CNYOperating income, FY2022: −208.4M CNYOperating income, FY2023: −156.52M CNYOperating income, FY2024: 60.92M CNYOperating income, FY2025: 196.64M CNYNet income, FY2021: −199.69M CNYNet income, FY2022: −113.56M CNYNet income, FY2023: −78.73M CNYNet income, FY2024: 100.26M CNYNet income, FY2025: 244.37M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 177.91M CNY. Revenue FY2022 334.09M CNY. Revenue FY2023 527.75M CNY. Revenue FY2024 782.48M CNY. Revenue FY2025 1.06B CNY. Operating income FY2021 −212.48M CNY. Operating income FY2022 −208.4M CNY. Operating income FY2023 −156.52M CNY. Operating income FY2024 60.92M CNY. Operating income FY2025 196.64M CNY. Net income FY2021 −199.69M CNY. Net income FY2022 −113.56M CNY. Net income FY2023 −78.73M CNY. Net income FY2024 100.26M CNY. Net income FY2025 244.37M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.06B CNY782.48M CNY527.75M CNY334.09M CNY177.91M CNY
Cost of goods sold294.57M CNY222.58M CNY142.77M CNY81.42M CNY46.03M CNY
Gross profit762.92M CNY559.9M CNY384.99M CNY252.67M CNY131.88M CNY
Research and development246.78M CNY233.23M CNY261.01M CNY233.46M CNY168.1M CNY
Selling, general, and administrative315.87M CNY265.76M CNY277.92M CNY249.47M CNY195.87M CNY
Operating expenses562.65M CNY499.02M CNY541.51M CNY474.86M CNY349.94M CNY
Interest income54.64M CNY67.35M CNY79.04M CNY95.57M CNY13.09M CNY
Interest expense996.52K CNY2.18M CNY1.25M CNY722K CNY307K CNY
Depreciation and amortization33.1M CNY29.11M CNY35.88M CNY26.27M CNY9.68M CNY
Operating income196.64M CNY60.92M CNY−156.52M CNY−208.4M CNY−212.48M CNY
Net income244.37M CNY100.26M CNY−78.73M CNY−113.56M CNY−199.69M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.66

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.730.37-0-0.37Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 29, 2023: actual -0.296, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 23, 2023: actual -0.119, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 21, 2024: actual 0.237, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 19, 2024: actual 0.228, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 0.104, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 19, 2025: actual 0.405, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 17, 2026: actual 0.423, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual 0.658, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates771.24M572.68M374.12M175.56MQ1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25MissQ3 '25MissQ1 '26No estimateQ3 '26Beat
Q1 2023, reported Mar 29, 2023: actual 206.54M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 23, 2023: actual 248.69M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 21, 2024: actual 407.88M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 19, 2024: actual 393.23M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 443.06M HKD, estimate 527.32M HKD, surprise -15.98%, Miss. Q3 2025, reported Aug 19, 2025: actual 528.14M HKD, estimate 604.52M HKD, surprise -12.63%, Miss. Q1 2026, reported Mar 17, 2026: actual 640.26M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual 729.41M HKD, estimate 719.93M HKD, surprise +1.32%, Beat.

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