VSA

VisionSys AI Inc. (VSA) excels in profitability with a 79.86% gross profit margin and a 20.14% cost of sales ratio, both placing in high-performing quartiles. However, leverage remains a concern: the equity ratio stands at 3.54 and the long-term debt to working capital ratio at 7.24, both in lower-performing groups, signaling potential financial risk. Asset composition shows 15.82% of assets are current, while 84.18% are non-current, hinting at heavy fixed-asset investment. Overall, the company's strong margins contrast with elevated leverage, leading to an overall fundamental rating of Outperform but with caveats on solvency.