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Zhaoke Ophthalmology Ltd. (6622) AI Stock Analysis

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HK:6622

Zhaoke Ophthalmology Ltd.

(HKEX:6622)

Select Model
Rating:46Neutral
Price Target:HKD 2.00â–¼(-0.74% Downside)
Action:reiterated
Date:08/06/26

The score is primarily held back by weak financial performance (large losses, revenue instability, negative gross profit, and ongoing cash burn). Technical indicators add further pressure with a clear downtrend and negative momentum, while valuation is difficult to assess due to losses and lack of dividend support.

Positive Factors
Ophthalmology-focused portfolioA focused ophthalmology strategy gives the company a clearly defined therapeutic scope and supports development of a portfolio rather than reliance on a single product. Advancing prescription eye-care candidates and commercial products can create multiple opportunities for future revenue as programs mature.
Negative Factors
Unstable and declining revenueThe sharp revenue decline demonstrates that the current commercial base has not yet produced dependable growth. Unstable sales make planning and investment more difficult, weaken operating leverage, and increase dependence on successful product advancement to establish a more durable revenue foundation.

Zhaoke Ophthalmology Ltd. (6622) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%HK:6622-35.83%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.11B
Dividend Yield
―
Average Volume (3M)
183.94K
Price to Earnings (P/E)
-4.5
Beta (1Y)
1.85
Revenue Growth
2.56%
EPS Growth
20.20%
Country
Hong Kong
Employees
285
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

Zhaoke Ophthalmology Ltd. Business Overview & Revenue Model

Company Description

Zhaoke Ophthalmology Limited is an ophthalmic pharmaceutical company dedicated to researching, developing, and commercializing therapeutic solutions addressing significant unmet medical requirements in the People's Republic of China. The company is a...

Zhaoke Ophthalmology Ltd. Financial Statement Overview

Summary

Overall financial profile is weak: the income statement is deeply loss-making with 2025 revenue dropping sharply versus 2024 and gross profit turning negative, and cash flow shows sustained operating and free cash flow burn. The main offset is a comparatively supportive balance sheet with modest leverage and sizable equity, though negative ROE indicates ongoing value dilution risk if losses persist.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue34.75M31.15M69.32M18.75M00
Gross Profit-35.42M-32.57M51.80M14.25M00
EBITDA-216.50M-214.09M-231.34M-327.86M-377.26M-373.04M
Net Income-213.55M-203.57M-237.49M-385.04M-407.32M-2.13B
Balance Sheet
Total Assets1.74B1.94B2.24B2.42B2.57B2.61B
Cash, Cash Equivalents and Short-Term Investments1.01B1.30B1.19B1.46B1.73B2.14B
Total Debt266.51M292.48M238.59M238.03M131.93M37.03M
Total Liabilities349.79M359.58M343.44M372.02M222.25M109.92M
Stockholders Equity1.39B1.58B1.90B2.05B2.35B2.50B
Cash Flow
Free Cash Flow-176.78M-265.04M-297.79M-418.93M-569.60M-339.63M
Operating Cash Flow-172.56M-260.20M-253.72M-323.66M-331.05M-245.14M
Investing Cash Flow-326.01M109.11M-116.45M-75.77M-324.57M683.52M
Financing Cash Flow-10.70M45.63M-12.12M99.29M76.23M1.66B

Zhaoke Ophthalmology Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2.02

Price Trends

50DMA2.37Negative
100DMA2.48Negative
200DMA2.79Negative

Market Momentum

MACD-0.12Negative
RSI37.13Neutral
STOCH72.41Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6622, the sentiment is Negative. The current price of 2.02 is below the 20-day moving average (MA) of 2.15, below the 50-day MA of 2.37, and below the 200-day MA of 2.79, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 37.13 is Neutral, neither overbought nor oversold. The STOCH value of 72.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6622.

Zhaoke Ophthalmology Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:6622 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:6622HK:662246NeutralHKD 1.11B-4.50-14.41%―2.56%20.20%
HK:1477HK:147743NeutralHKD 3.91B-26.50-3.44%―77.55%50.34%

* Healthcare Sector Average

Performance Comparison

-40%-20%0%HK:6622HK:1477Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:6622 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:6622Zhaoke Ophthalmology Ltd.2.02-1.13-36.03%
HK:1477Ocumension Therapeutics4.79-3.67-43.38%

Zhaoke Ophthalmology Ltd. Corporate Events

Zhaoke Ophthalmology Wins Australian GMP Nod for Guangzhou Plant

Oct 27, 2026

Zhaoke Ophthalmology has secured Good Manufacturing Practice certification from Australia’s Therapeutic Goods Administration for its manufacturing facility in Nansha, Guangzhou, China. The TGA is a member of the Pharmaceutical Inspection Co-ope...

Zhaoke Ophthalmology’s Presbyopia Drug YUVEZZI™ Clears Phase II Milestone in China

Sep 4, 2026

Zhaoke Ophthalmology Limited announced that its innovative presbyopia therapy, carbachol and brimonidine tartrate ophthalmic solution (YUVEZZI™), met the prespecified primary endpoint in a Phase II clinical study in Chinese patients. The multic...

Zhaoke Ophthalmology Posts Higher Revenue but Sustains Heavy R&D-Driven Losses in First Half 2026

Aug 28, 2026

Zhaoke Ophthalmology Limited reported unaudited interim results for the six months ended June 30, 2026, showing revenue of RMB18.8 million, up from RMB15.8 million a year earlier, and gross profit rising to RMB9.7 million. Despite this top-line growt...

Zhaoke Ophthalmology Sets Board Meeting to Approve Interim Results

Aug 17, 2026

Zhaoke Ophthalmology Limited has scheduled a board meeting for August 28, 2026 to review and approve the group’s unaudited interim results for the six months ended June 30, 2026. The company plans to publish these interim figures afterward, a s...

Zhaoke Ophthalmology Taps Pharmentum for China Rollout of Allergy Eye Drug

Aug 12, 2026

Zhaoke Ophthalmology has signed an exclusive distribution and promotion agreement with Pharmentum Biopharma to commercialize its self-developed Epinastine Hydrochloride Eye Drops across all sales channels in mainland China. The initial term of the pa...

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: Aug 06, 2026