Shanghai Heartcare Medical Technology Corp. Ltd. Class H

Shanghai Heartcare Medical Technology Corp. Ltd. Class H

HHKEX:6609
53.30
HKD
+0.40
(+0.76%)
2.02BMarket Cap
Apr 01Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.37
2.7
4.78
6.1
7.36
10.81
- -
Basic EPS, GAAP
-1.94
-5.5
-5.82
-5.24
-2.47
-0.36
2.21
- -
Free Cash Flow per Basic Share
-1.37
-2.33
-7.8
-7.94
-3.62
-0.22
3.71
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.09
17.55
35.34
30.01
27.7
28.04
30.05
30.05
Tangible Book Value per Share
2.09
16.24
34
28.75
25.43
25.85
28.98
28.98
Basic Weighted Avg Shares
39
39
33
38
38
38
38
38
Sales/Revenue/Turnover
- -
15
90
183
232
278
408
- -
Operating Margin (%)
- -
-1,416.98
-199.12
-101.34
-44.22
-2.24
19.06
- -
Depreciation Expense
2
8
12
32
32
32
28
- -
Net Income, GAAP
-75
-214
-194
-200
-94
-14
83
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
3.56
- -
Profit Margin (%)
- -
-1,467.27
-215.59
-109.48
-40.46
-4.9
20.41
- -
Working Capital
60
625
1,277
1,065
946
941
993
993
LT Debt
- -
24
39
40
31
28
36
36
Total Equity
81
691
1,373
1,165
1,076
1,062
1,132
1,132
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
4.89
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
7.51
- -
Return on Common Equity (%)
- -
-56.05
-18.91
-15.79
-8.39
-1.27
7.59
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
8
7
7
LT Borrowings
- -
- -
- -
LT Finance Leases
28
39
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
781
1,331
1,818

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,024
1,046
1,087
Cash, Cash Equivalents & STI
714
718
786
Accounts Receivable, Net
95
104
63
Inventories
171
155
163
Total Current Liabilities
82
68
95
Payables & Accruals
- -
- -
- -
ST Debt
8
7
7
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
16.23%
6.6%
Free Cash Flow
- -
-342.46%
-1,768.37%
Net Income, GAAP
- -
-171.26%
-711.77%
Sales/Revenue/Turnover
- -
143.06%
46.92%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
232
2024
- -
- -
278
2025
- -
- -
408

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-2.47
2024
- -
- -
-0.36
2025
- -
- -
2.21

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Guo Hui Wang
Full Time Employees
368
Sector
Health technology
Industry
Medical specialties
Address
Building 38 Shanghai SH China
IPO Date
Aug 20, 2021
Business
Shanghai HeartCare Medical Technology Corporation Limited (6609.HK), founded in 2016 and headquartered in Shanghai's Lingang New Area, researches, develops, manufactures, and commercializes neuro-interventional medical devices primarily for stroke treatment and prevention in China and internationally. The company offers a comprehensive portfolio of NMPA-approved products including Captor thrombectomy stent retriever and aspiration catheters for acute ischemic stroke thrombectomy; intracranial balloon dilatation catheters, carotid artery stents, drug-eluting stents, and embolization protection systems for neurovascular stenosis; vascular reconstruction devices, embolic coils, and flow diverter devices for hemorrhagic stroke; left atrial appendage occluders for ischemic stroke prevention; and vascular access products such as distal access catheters, microcatheters, balloon guiding catheters, support catheters, neuro-interventional micro guidewires, vascular closure devices, and radial access catheter systems. Products are sold through an extensive network covering over 2,500 hospitals across all Chinese provinces except Macau, with R&D and production centers in Shanghai, Nanjing, and U.S. California facilities; the company holds 32 NMPA registrations, over 260 patents, and pursues overseas expansion with CE marks, FDA approvals, and registrations in 21 countries. In 2025, it launched a full suite of hemorrhagic stroke devices including NMPA-approved vascular reconstruction device, embolic coils, and flow diverter, driving first-half revenue growth of 44.4% to RMB185.5 million and gross margins to 68.2%; formed a strategic partnership with Hangzhou Matrix Medical Technology for Collseal vascular closure device promotion; commenced an equity buyback program authorized in May 2025; and advanced R&D on self-expanding drug stents, carotid stents, and interventional brain-computer interfaces while securing additional CE and FDA certifications for key thrombectomy and access devices.