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Suzhou Basecare Medical Corp. Ltd. Class H (2170) AI Stock Analysis

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HK:2170

Suzhou Basecare Medical Corp. Ltd. Class H

(HKEX:2170)

Select Model
Rating:44Neutral
Price Target:HKD 1.50â–²(9.49% Upside)
Action:reiterated
Date:09/30/26

The score is primarily held back by weak financial performance—large ongoing losses, persistent negative operating/free cash flow, and a notable 2025 revenue decline. Technicals add further pressure with a multi-timeframe downtrend and bearish momentum. Valuation provides only limited offset because the negative P/E reflects unprofitability and no dividend yield is available.

Positive Factors
Focused ART Business ModelThe company operates in a clearly defined assisted-reproduction niche, supplying devices and consumables used in IVF workflows. Procedure-linked demand can support repeat purchases of usage-driven products, while the focused customer base gives product development and commercialization a coherent clinical purpose.
Negative Factors
2025 Revenue ContractionThe sharp 2025 revenue decline interrupts the company’s earlier expansion and raises concern about the durability of demand and commercial momentum. A weaker top line can reduce operating leverage, limit investment capacity, and make the path toward sustainable profitability more difficult.

Suzhou Basecare Medical Corp. Ltd. Class H (2170) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-40%-30%-20%-10%0%10%20%HK:2170-44.31%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 379.92M
Dividend Yield
―
Average Volume (3M)
60.02K
Price to Earnings (P/E)
-1.8
Beta (1Y)
0.62
Revenue Growth
-2.28%
EPS Growth
24.76%
Country
Hong Kong
Employees
388
Sector
Healthcare
Sector Strength
51
Industry
Medical - Devices

Suzhou Basecare Medical Corp. Ltd. Class H Business Overview & Revenue Model

Company Description

Suzhou Basecare Medical Corporation Limited, an investment holding company established in Suzhou, China, in 2010, focuses its business activities within the People's Republic of China. The company primarily engages in the research, development, and m...

How the Company Makes Money

The company makes money primarily by selling medical devices and consumable products used in assisted reproduction and fertility treatment workflows (e.g., IVF-related devices and supporting consumables) to institutional healthcare customers such as...

Suzhou Basecare Medical Corp. Ltd. Class H Financial Statement Overview

Summary

Despite solid gross margin (~48% in 2025) and a not-overlevered balance sheet (debt-to-equity ~0.37), fundamentals are constrained by a sharp 2025 revenue decline (-17.6% YoY), very large operating and net losses (EBIT margin ~-88%, net margin ~-96%), and persistent cash burn (operating cash flow ~-160M; free cash flow ~-243M in 2025).

Income Statement

28Negative

Balance Sheet

62Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue260.68M233.27M299.11M207.98M140.90M107.30M
Gross Profit139.75M123.61M136.22M91.35M59.53M51.15M
EBITDA-100.14M-162.43M-232.10M-174.14M-117.73M-118.88M
Net Income-174.03M-223.46M-237.03M-191.69M-123.16M-143.65M
Balance Sheet
Total Assets1.33B1.45B1.67B1.90B1.78B1.80B
Cash, Cash Equivalents and Short-Term Investments378.43M447.34M684.63M945.71M1.33B1.52B
Total Debt342.35M343.51M328.42M281.92M75.54M48.57M
Total Liabilities468.21M512.00M527.47M499.98M188.33M85.85M
Stockholders Equity864.78M935.06M1.14B1.40B1.59B1.72B
Cash Flow
Free Cash Flow-132.51M-243.37M-322.41M-371.44M-317.52M-234.71M
Operating Cash Flow-97.88M-160.01M-229.12M-267.23M-188.77M-197.85M
Investing Cash Flow-44.37M-5.33M-181.19M-324.81M-88.70M-56.60M
Financing Cash Flow-1.77M16.13M33.78M190.55M23.51M1.60B

Suzhou Basecare Medical Corp. Ltd. Class H Technical Analysis

Technical Analysis SentimentPositive
Last Price1.37

Price Trends

50DMA1.33Positive
100DMA1.36Positive
200DMA1.62Negative

Market Momentum

MACD0.01Negative
RSI57.16Neutral
STOCH67.75Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2170, the sentiment is Positive. The current price of 1.37 is above the 20-day moving average (MA) of 1.31, above the 50-day MA of 1.33, and below the 200-day MA of 1.62, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 67.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2170.

Suzhou Basecare Medical Corp. Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:2170 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1789HK:178972OutperformHKD 5.05B11.3813.24%2.59%16.15%31.89%
HK:1302HK:130256NeutralHKD 6.35B98.221.71%―0.75%-20.22%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:2170HK:217044NeutralHKD 374.73M-1.83-19.34%―-2.28%24.76%
HK:2500HK:250044NeutralHKD 432.19M-0.78-28.24%―-38.15%25.70%
HK:2160HK:216043NeutralHKD 1.63B-0.86-6.69%―――
HK:0853HK:085341NeutralHKD 11.65B31.236.07%―-3.62%―

* Healthcare Sector Average

Performance Comparison

-75%-50%-25%0%25%HK:2170HK:0853HK:1302HK:1789HK:2160HK:2500Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2170 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2170Suzhou Basecare Medical Corp. Ltd. Class H1.37-1.16-45.85%
HK:0853MicroPort Scientific Corp6.08-5.92-49.33%
HK:1302LifeTech Scientific Corporation1.47-0.58-28.29%
HK:1789AK Medical Holdings Ltd.4.56-1.34-22.75%
HK:2160MicroPort CardioFlow Medtech Corp.1.28-4.67-78.49%
HK:2500Venus Medtech (Hangzhou), Inc. Class H0.98-1.77-64.36%

Suzhou Basecare Medical Corp. Ltd. Class H Corporate Events

Suzhou Basecare Launches RMB5 Million Share Buy-Back to Boost Investor Value

Oct 9, 2026

Suzhou Basecare Medical Corporation Limited has received shareholder approval to repurchase up to 10% of its H shares, equivalent to 8,271,383 shares, under a general repurchase mandate granted at its 2025 annual general meeting. The repurchases, whi...

Basecare Wins NMPA Nod for New Embryo Cryopreservation Reagents

Sep 15, 2026

Suzhou Basecare Medical Corporation Limited has received National Medical Products Administration approval for Class III medical device registration certificates for its Gems Vitrification Set and Warming Set, key reagents used in embryo cryopreserva...

Suzhou Basecare Narrows Losses and Secures Landmark PGT Approvals in China

Aug 28, 2026

Suzhou Basecare Medical Corporation Limited reported interim unaudited results for the six months ended 30 June 2026, with revenue rising 27.0% year on year to RMB128.7 million and losses narrowing significantly, as loss attributable to shareholders...

Suzhou Basecare Board to Review Interim Results and Possible Dividend

Aug 18, 2026

Suzhou Basecare Medical Corporation Limited, a Hong Kong-listed healthcare company based in Suzhou, operates through a group structure that includes several subsidiaries and is governed by a board made up of executive, non-executive and independent n...

Suzhou Basecare Cuts Losses as Genetic Testing and Culture Media Drive Revenue Surge

Aug 16, 2026

Suzhou Basecare Medical Corporation Limited expects significant improvement in its interim 2026 results, with revenue projected to rise to about RMB125.7 million to RMB130.8 million, a 24% to 29% increase year-on-year. The loss attributable to equity...

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: Sep 30, 2026