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Yestar Healthcare Holdings Co Ltd (2393) AI Stock Analysis

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HK:2393

Yestar Healthcare Holdings Co Ltd

(HKEX:2393)

Select Model
Rating:42Neutral
Price Target:HKD 0.04â–¼(-20.00% Downside)
Action:reiterated
Date:11/04/26

The score is primarily constrained by shrinking revenue, unstable profitability, and a fragile balance-sheet profile. Improved debt reduction and cash generation offer support, but bearish technical momentum and loss-based valuation keep the overall score low.

Positive Factors
Improved balance sheetLower leverage and restored positive equity reduce balance-sheet strain and improve financial flexibility for operating needs and investment. With 2025 debt-to-equity around 0.56, the company appears better positioned to absorb earnings volatility than during its negative-equity years.
Negative Factors
Sharp revenue contractionA sharp annual revenue decline points to weaker patient volume, procedure mix, or clinic utilization, all of which directly affect this service-led model. Continued top-line contraction would reduce operating leverage, limit reinvestment capacity, and make a durable earnings recovery more difficult.

Yestar Healthcare Holdings Co Ltd (2393) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:2393-61.54%EWH+8.17%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 116.58M
Dividend Yield
―
Average Volume (3M)
526.58K
Price to Earnings (P/E)
-1.2
Beta (1Y)
0.42
Revenue Growth
-28.07%
EPS Growth
47.54%
Country
Hong Kong
Employees
400
Sector
Healthcare
Sector Strength
51
Industry
Medical - Distribution

Yestar Healthcare Holdings Co Ltd Business Overview & Revenue Model

Company Description

Yestar Healthcare Holdings Company Limited, an investment holding company, manufactures, distributes, and sells medical imaging products in Mainland China. The company operates in two segments, Imaging Printing Products, and Medical Products and Equi...

How the Company Makes Money

Yestar Healthcare primarily generates revenue by charging customers for services delivered at its medical facilities. Its revenue model is based on service fees paid by patients for (i) medical aesthetic procedures and treatments (such as non-surgica...

Yestar Healthcare Holdings Co Ltd Financial Statement Overview

Summary

Financial performance is weak overall: revenue has contracted sharply and profitability is highly volatile. Reduced debt, restored positive equity, and comparatively resilient recent cash flow provide partial support.

Income Statement

32Negative

Balance Sheet

41Neutral

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.35B1.49B2.41B2.91B2.80B4.93B
Gross Profit278.09M266.86M399.20M512.78M397.55M848.70M
EBITDA50.24M50.38M-40.14M376.81M19.13M417.27M
Net Income-83.96M-75.03M921.61M-13.89M-992.23M3.33M
Balance Sheet
Total Assets1.13B1.19B1.43B3.43B3.37B4.56B
Cash, Cash Equivalents and Short-Term Investments194.45M256.26M151.78M251.56M418.15M751.77M
Total Debt202.47M211.05M316.90M1.63B1.90B1.79B
Total Liabilities712.76M780.27M921.84M3.82B3.71B3.73B
Stockholders Equity379.55M378.26M461.60M-457.50M-408.87M755.23M
Cash Flow
Free Cash Flow85.09M289.40M-26.45M294.22M-115.58M665.55M
Operating Cash Flow146.19M311.31M12.72M387.67M-91.73M715.22M
Investing Cash Flow-68.07M-16.97M380.42M-89.82M-18.72M-47.67M
Financing Cash Flow-129.21M-153.52M-502.63M-234.37M-180.86M-654.20M

Yestar Healthcare Holdings Co Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.05

Price Trends

50DMA0.06Negative
100DMA0.06Negative
200DMA0.08Negative

Market Momentum

MACD-0.01Positive
RSI39.42Neutral
STOCH20.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2393, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.42 is Neutral, neither overbought nor oversold. The STOCH value of 20.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2393.

Yestar Healthcare Holdings Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:2393 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1612HK:161271OutperformHKD 448.87M4.5713.95%6.76%10.95%9.26%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:1696HK:169651NeutralHKD 852.38M9.512.40%5.22%4.57%-24.35%
HK:6669HK:666951NeutralHKD 1.44B-24.52-3.50%―9.36%-153.54%
HK:9996HK:999645NeutralHKD 2.59B-15.40-7.65%―21.23%36.89%
HK:2500HK:250044NeutralHKD 436.60M-0.79-28.24%―-38.15%25.70%
HK:2393HK:239342NeutralHKD 116.48M-1.18-22.16%―-28.07%47.54%

* Healthcare Sector Average

Performance Comparison

-50%-25%0%25%50%HK:2393HK:9996HK:6669HK:1612HK:1696HK:2500Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:2393 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2393Yestar Healthcare Holdings Co Ltd0.05-0.07-58.33%
HK:9996Peijia Medical Ltd.3.83-2.31-37.62%
HK:6669Acotec Scientific Holdings Limited4.61-9.15-66.50%
HK:1612Vincent Medical Holdings Limited0.68-0.14-16.97%
HK:1696Sisram Medical Ltd.1.82-2.46-57.46%
HK:2500Venus Medtech (Hangzhou), Inc. Class H0.99-1.34-57.51%

Yestar Healthcare Holdings Co Ltd Corporate Events

Yestar Healthcare Swings to Small Interim Loss Despite Higher Gross Profit

Aug 28, 2026

Yestar Healthcare reported unaudited interim revenue of RMB661.6 million for the six months ended 30 June 2026, down from RMB802.6 million a year earlier, while gross profit improved to RMB144.8 million from RMB133.7 million as cost of sales declined...

Yestar Healthcare Flags Interim Loss as China Bulk-Buy Schemes Squeeze Medical Product Revenue

Aug 17, 2026

Yestar Healthcare warned that it expects to report an unaudited consolidated net loss of at least RMB0.45 million for the six months ended 30 June 2026, a sharp reversal from an unaudited net profit of about RMB11.1 million a year earlier. The compan...

Yestar Healthcare Sets Late-August Board Meeting to Review Interim Results and Potential Dividend

Aug 17, 2026

Yestar Healthcare Holdings has scheduled a board meeting for 28 August 2026 to review and approve its unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider declaring an interim dividend, signaling...

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: Nov 04, 2026