HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Videotimes Technology Holdings / Equity Capital Markets

<ul>
<li>Videotimes adopts a "domestic production + overseas sales" model. The Company competes for market share by relying largely on Amazon channel and price cuts, with overall revenue showing upward trend.</li>
<li>Due to Sino-US tariff war and the risk of US dollar depreciation, future performance decline seems inevitable. Our forecast for 2025 is revenue/net profit could be down 4.8% YoY/21% YoY.</li>
<li>Valuation of Videotimes could be lower than peer. A comfortable range is P/E of 10-15x. However, if 2025 performance decline is confirmed, valuation may be revised down to 6-10x P/E.</li>
</ul>


Videotimes adopts a "domestic production + overseas sales" model. The Company competes for market share by relying largely on Amazon channel and price cuts, with overall revenue showing upward trend.
Due to Sino-US tariff war and the risk of US dollar depreciation, future performance decline seems inevitable. Our forecast for 2025 is revenue/net profit could be down 4.8% YoY/21% YoY.
Valuation of Videotimes could be lower than peer. A comfortable range is P/E of 10-15x. However, if 2025 performance decline is confirmed, valuation may be revised down to 6-10x P/E.


Pre-IPO Videotimes Technology Holdings - Expected to See Performance Decline Due to Tariff War

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Videotimes Technology Holdings (VTH HK)

Pre-IPO Videotimes Technology Holdings - Expected to See Performance Decline Due to Tariff War

Videotimes' revenue growth driven by Amazon sales and price cuts may face decline due to tariff war/currency risks.If 2025 performance decline is...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pre-IPO Videotimes Technology Holdings - Expected to See Performance Decline Due to Tariff War

​Videotimes' revenue growth driven by Amazon sales and price cuts may face decline due to tariff war/currency risks.If 2025 performance decline is...

Xinyao (Criss) Wang

Videotimes' revenue growth driven by Amazon sales and price cuts may face decline due to tariff war/currency risks.If 2025 performance decline is...