NYSE : CCM
Concord Medical Services Holdings Limited — Financial statements
Healthcare · Medical Care Facilities · China
Last price 3.66 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 15.89M
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Financial statements
Concord Medical Services Holdings Limited (CCM) reported revenue of 460.51M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 460.51M | 460.51M | 383.96M | 537.40M | 472.08M | 485.63M |
| Cost of Revenue | 434.69M | 434.69M | 463.12M | 614.01M | 624.49M | 542.53M |
| Gross Profit | 25.82M | 25.82M | -79.16M | -76.61M | -152.41M | -56.90M |
| Selling, General & Admin | 265.15M | 265.15M | 453.00M | 386.38M | 372.64M | 401.42M |
| Operating Expenses | 265.15M | 265.15M | 453.00M | 386.38M | 372.64M | 401.42M |
| Operating Income | -239.33M | -239.33M | -532.16M | -462.99M | -525.05M | -458.32M |
| Interest Expense | -152.33M | -152.33M | -193.20M | -165.67M | -120.36M | -73.79M |
| Interest & Investment Income | 9.68M | 9.68M | 13.98M | 10.83M | 10.02M | 5.89M |
| Earnings From Equity Investments | 13.05M | 13.05M | 12.70M | 20.79M | 17.65M | 18.16M |
| Currency Exchange Gain (Loss) | -12.04M | -12.04M | -17.47M | 10.15M | 54.98M | -19.93M |
| Other Non Operating Income (Expenses) | -7.70M | -7.70M | -9.10M | -5.57M | -11.35M | -1.26M |
| EBT Excluding Unusual Items | -388.67M | -388.67M | -725.25M | -592.45M | -574.10M | -529.24M |
| Gain (Loss) on Sale of Investments | 15.31M | 15.31M | 7.17M | 37.50M | ||
| Gain (Loss) on Sale of Assets | 48.50M | -638.00K | -61.55M | |||
| Other Unusual Items | -204.25M | |||||
| Pretax Income | -373.36M | -373.36M | -669.58M | -555.59M | -839.90M | -529.24M |
| Income Tax Expense | 6.06M | 6.06M | -17.50M | -24.57M | -70.91M | -6.57M |
| Earnings From Continuing Operations | -379.42M | -379.42M | -652.08M | -531.02M | -768.99M | -522.67M |
| Minority Interest in Earnings | 286.61M | 286.61M | 343.83M | 233.36M | 279.33M | 251.25M |
| Net Income | -92.81M | -92.81M | -308.24M | -297.66M | -489.66M | -271.43M |
| Preferred Dividends & Other Adjustments | 549.19M | |||||
| Net Income to Common | -92.81M | -92.81M | -308.24M | -297.66M | -489.66M | -820.62M |
| Shares Outstanding (Basic) | 4.37M | 4.37M | 4.37M | 4.37M | 4.37M | 4.37M |
| Shares Outstanding (Diluted) | 4.37M | 4.37M | 4.37M | 4.37M | 4.37M | 4.37M |
| EPS (Basic) | -21.25 | -21.25 | -70.56 | -68.14 | -112.09 | -187.85 |
| EPS (Diluted) | -21.25 | -21.25 | -70.56 | -68.14 | -112.09 | -187.85 |
| Free Cash Flow | -293.13M | -293.13M | -798.42M | -392.17M | -600.47M | -1.12B |
| Free Cash Flow Per Share | -67.10 | -67.10 | -182.77 | -89.77 | -137.46 | -256.36 |
| Gross Margin | 5.61% | 5.61% | -20.62% | -14.26% | -32.28% | -11.72% |
| Operating Margin | -51.97% | -51.97% | -138.60% | -86.15% | -111.22% | -94.38% |
| Profit Margin | -20.15% | -20.15% | -80.28% | -55.39% | -103.72% | -168.98% |
| Free Cash Flow Margin | -63.65% | -63.65% | -207.95% | -72.98% | -127.19% | -230.60% |
| EBITDA | -99.70M | -99.70M | -411.03M | -344.16M | -401.86M | -363.86M |
| EBITDA Margin | -21.65% | -21.65% | -107.05% | -64.04% | -85.12% | -74.92% |
| D&A For EBITDA | 139.63M | 139.63M | 121.13M | 118.83M | 123.19M | 94.46M |
| EBIT | -239.33M | -239.33M | -532.16M | -462.99M | -525.05M | -458.32M |
| EBIT Margin | -51.97% | -51.97% | -138.60% | -86.15% | -111.22% | -94.38% |
| Revenue as Reported | 460.51M | 460.51M | 383.96M | 537.40M | 472.08M | 485.63M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 297.79M | 297.79M | 216.22M | 58.14M | 158.28M | 157.39M |
| Short-Term Investments | 1.00K | 1.00K | 134.62M | |||
| Cash & Short-Term Investments | 297.79M | 297.79M | 350.85M | 58.14M | 158.28M | 157.39M |
| Accounts Receivable | 44.05M | 44.05M | 51.17M | 73.50M | 130.27M | 130.60M |
| Other Receivables | 916.00K | 916.00K | 1.21M | 1.33M | 3.02M | -13.66M |
| Receivables | 188.38M | 188.38M | 262.55M | 327.26M | 410.13M | 286.21M |
| Inventory | 45.97M | 45.97M | 33.44M | 40.35M | 84.83M | 38.09M |
| Restricted Cash | 921.00K | 921.00K | 20.76M | 32.28M | 1.06M | 1.39M |
| Other Current Assets | 408.86M | 408.86M | 316.38M | 159.19M | 105.50M | 101.41M |
| Total Current Assets | 941.91M | 941.91M | 983.97M | 617.21M | 759.80M | 584.48M |
| Property, Plant & Equipment | 4.22B | 4.22B | 4.23B | 4.13B | 3.85B | 3.76B |
| Long-Term Investments | 422.00M | 422.00M | 472.17M | 394.71M | 437.87M | 390.62M |
| Goodwill | 572.22M | 572.22M | 572.22M | 575.43M | 575.43M | 581.88M |
| Other Intangible Assets | 255.91M | 255.91M | 292.14M | 323.29M | 353.77M | 657.84M |
| Long-Term Accounts Receivable | 4.80M | |||||
| Other Long-Term Assets | 134.28M | 134.28M | 180.75M | 16.07M | 24.02M | 245.78M |
| Total Assets | 6.55B | 6.55B | 6.73B | 6.05B | 6.00B | 6.23B |
| Accounts Payable | 119.29M | 119.29M | 199.39M | 129.24M | 146.75M | 102.51M |
| Accrued Expenses | 598.54M | 598.54M | 663.34M | 501.26M | 176.77M | 184.73M |
| Short-Term Debt | 430.37M | 430.37M | 649.68M | 319.62M | 168.60M | 136.51M |
| Current Portion of Long-Term Debt | 550.70M | 550.70M | 383.02M | 722.56M | 343.98M | 162.84M |
| Current Portion of Leases | 41.92M | 41.92M | 45.45M | 46.49M | 35.92M | 20.48M |
| Current Income Taxes Payable | 7.57M | 7.57M | 1.62M | 1.52M | 818.00K | |
| Current Unearned Revenue | 95.70M | 95.70M | 46.15M | 59.41M | 100.80M | |
| Other Current Liabilities | 110.32M | 110.32M | 136.71M | 171.29M | 147.59M | 197.45M |
| Total Current Liabilities | 1.95B | 1.95B | 2.13B | 1.95B | 1.12B | 804.52M |
| Long-Term Debt | 2.49B | 2.49B | 2.71B | 2.01B | 2.49B | 2.20B |
| Long-Term Leases | 126.50M | 126.50M | 138.89M | 193.01M | 199.95M | 214.22M |
| Long-Term Deferred Tax Liabilities | 75.00M | 75.00M | 82.87M | 99.54M | 112.58M | 184.42M |
| Other Long-Term Liabilities | 55.83M | 55.83M | 47.83M | 49.00M | 64.08M | 84.46M |
| Total Liabilities | 4.70B | 4.70B | 5.11B | 4.31B | 3.99B | 3.49B |
| Common Stock | 105.00K | 105.00K | 105.00K | 105.00K | 105.00K | 105.00K |
| Additional Paid-In Capital | 2.44B | 2.44B | 2.17B | 2.01B | 1.93B | 1.94B |
| Retained Earnings | -4.47B | -4.47B | -4.37B | -4.06B | -3.77B | -3.28B |
| Treasury Stock | -7.00K | -7.00K | -7.00K | -7.00K | -7.00K | -7.00K |
| Comprehensive Income & Other | -75.56M | -75.56M | -77.35M | -65.42M | -27.77M | -29.50M |
| Total Common Equity | -2.10B | -2.10B | -2.28B | -2.12B | -1.86B | -1.37B |
| Minority Interest | 3.95B | 3.95B | 3.90B | 3.87B | 3.88B | 4.11B |
| Shareholders' Equity | 1.85B | 1.85B | 1.62B | 1.75B | 2.02B | 2.74B |
| Total Liabilities & Equity | 6.55B | 6.55B | 6.73B | 6.05B | 6.00B | 6.23B |
| Total Debt | 3.63B | 3.63B | 3.93B | 3.30B | 3.24B | 2.73B |
| Net Cash (Debt) | -3.34B | -3.34B | -3.58B | -3.24B | -3.08B | -2.58B |
| Net Cash Per Share | -763.93 | -763.93 | -819.48 | -741.12 | -705.42 | -589.51 |
| Filing Date Shares Outstanding | 4.34M | 4.34M | 4.34M | 4.34M | 4.34M | 4.34M |
| Total Common Shares Outstanding | 4.34M | 4.34M | 4.34M | 4.34M | 4.34M | 4.34M |
| Working Capital | -1.01B | -1.01B | -1.14B | -1.33B | -361.44M | -220.05M |
| Book Value Per Share | -484.40 | -484.40 | -525.23 | -488.73 | -429.31 | -315.57 |
| Tangible Book Value | -2.93B | -2.93B | -3.14B | -3.02B | -2.79B | -2.61B |
| Tangible Book Value Per Share | -675.13 | -675.13 | -724.31 | -695.73 | -643.33 | -601.10 |
| Buildings | 823.24M | 823.24M | 798.10M | 807.74M | 782.56M | 775.71M |
| Machinery | 929.73M | 929.73M | 923.27M | 585.10M | 465.43M | 439.61M |
| Construction In Progress | 2.39B | 2.39B | 2.31B | 2.47B | 2.13B | 1.99B |
| Leasehold Improvements | 77.89M | 77.89M | 77.68M | 81.77M | 75.03M | 78.72M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -92.81M | -92.81M | -308.24M | -297.66M | -489.66M | -271.43M |
| Depreciation & Amortization | 139.63M | 139.63M | 121.13M | 118.83M | 123.19M | 94.46M |
| Other Amortization | 9.63M | 9.63M | 9.63M | 9.62M | 9.63M | 9.62M |
| Loss (Gain) From Sale of Assets | 2.10M | 2.10M | -35.39M | 576.00K | 61.55M | |
| Loss (Gain) From Sale of Investments | -15.31M | -15.31M | -7.17M | -37.50M | ||
| Loss (Gain) on Equity Investments | -13.05M | -13.05M | -12.70M | -20.79M | -17.65M | -18.16M |
| Stock-Based Compensation | -5.92M | 14.68M | ||||
| Provision & Write-off of Bad Debts | -6.88M | -6.88M | 128.20M | 64.71M | 5.40M | 2.56M |
| Other Operating Activities | -127.29M | -127.29M | -143.87M | -59.26M | -8.26M | -144.44M |
| Change in Accounts Receivable | 6.14M | 6.14M | 12.02M | 36.45M | 644.00K | -64.45M |
| Change in Inventory | -12.58M | -12.58M | 6.50M | 44.49M | -46.75M | -4.35M |
| Change in Accounts Payable | -122.29M | -122.29M | 93.05M | 15.78M | 113.74M | 262.84M |
| Change in Unearned Revenue | 39.53M | 39.53M | -3.09M | -41.18M | 57.17M | -193.46M |
| Change in Income Taxes | 12.54M | 12.54M | 136.00K | -15.12M | -5.72M | -237.00K |
| Change in Other Net Operating Assets | -21.19M | -21.19M | -257.95M | -95.43M | -14.05M | -46.94M |
| Operating Cash Flow | -201.82M | -201.82M | -397.75M | -276.47M | -216.69M | -359.31M |
| Capital Expenditures | -91.30M | -91.30M | -400.67M | -115.70M | -383.77M | -760.58M |
| Sale of Property, Plant & Equipment | 7.50M | 7.50M | 310.00K | 5.63M | 212.97M | |
| Cash Acquisitions | 1.57M | |||||
| Divestitures | -10.00K | -10.00K | 9.06M | |||
| Sale (Purchase) of Intangibles | -30.00K | -30.00K | -10.16M | -4.21M | -818.00K | -19.71M |
| Investment in Securities | 134.62M | 134.62M | -191.67M | 71.92M | 14.75M | -31.76M |
| Other Investing Activities | 3.19M | 3.19M | 237.88M | |||
| Investing Cash Flow | 53.97M | 53.97M | -593.44M | -47.68M | -118.79M | -565.98M |
| Short-Term Debt Issued | 359.23M | 359.23M | 654.70M | 337.69M | 217.47M | 126.11M |
| Long-Term Debt Issued | 611.83M | 611.83M | 2.07B | 132.15M | 643.13M | 431.07M |
| Total Debt Issued | 971.05M | 971.05M | 2.72B | 469.85M | 860.60M | 557.18M |
| Short-Term Debt Repaid | -437.06M | -437.06M | -360.33M | -442.86M | -197.60M | -24.71M |
| Long-Term Debt Repaid | -901.95M | -901.95M | -1.73B | -69.34M | -279.92M | -286.94M |
| Total Debt Repaid | -1.34B | -1.34B | -2.09B | -512.20M | -477.52M | -311.65M |
| Net Debt Issued (Repaid) | -367.96M | -367.96M | 635.51M | -42.35M | 383.09M | 245.53M |
| Issuance of Common Stock | 152.90M | 152.90M | 161.73M | |||
| Other Financing Activities | 412.29M | 412.29M | 348.79M | 300.00M | 396.92M | |
| Financing Cash Flow | 197.23M | 197.23M | 1.15B | 257.65M | 383.09M | 642.45M |
| Foreign Exchange Rate Adjustments | 12.35M | 12.35M | -8.28M | -2.42M | -47.17M | -4.64M |
| Net Cash Flow | 61.73M | 61.73M | 146.56M | -68.92M | 432.00K | -287.48M |
| Free Cash Flow | -293.13M | -293.13M | -798.42M | -392.17M | -600.47M | -1.12B |
| Free Cash Flow Margin | -63.65% | -63.65% | -207.95% | -72.98% | -127.19% | -230.60% |
| Free Cash Flow Per Share | -67.10 | -67.10 | -182.77 | -89.77 | -137.46 | -256.36 |
| Levered Free Cash Flow | -313.65M | -313.65M | -622.99M | -51.94M | -747.45M | -944.35M |
| Unlevered Free Cash Flow | -218.45M | -218.45M | -502.24M | 51.60M | -672.23M | -898.23M |
| Cash Interest Paid | 182.99M | 182.99M | 188.30M | 152.36M | 145.26M | 134.18M |
| Cash Income Tax Paid | 109.00K | 109.00K | 148.00K | 898.00K | 3.01M | |
| Change in Working Capital | -97.84M | -97.84M | -149.33M | -55.01M | 105.03M | -46.60M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.50M | 16.76M | 23.36M | 47.76M | 71.20M | 86.83M |
| Enterprise Value | 492.63M | 1.08B | 1.03B | 1.01B | 1.12B | 1.03B |
| Last Close Price | 3.57 | 3.86 | 5.38 | 11.00 | 16.40 | 20.00 |
| Forward PE | 149.00 | 149.00 | 149.00 | 149.00 | 149.00 | |
| PS Ratio | 0.24 | 0.26 | 0.44 | 0.63 | 1.04 | 1.14 |
| PB Ratio | 0.06 | 0.06 | 0.10 | 0.19 | 0.24 | 0.20 |
| PEG Ratio | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | |
| EV/Sales Ratio | 7.48 | 16.38 | 19.53 | 13.32 | 16.36 | 13.45 |
| Debt / Equity Ratio | 1.97 | 1.97 | 2.43 | 1.89 | 1.61 | 1.00 |
| Net Debt / Equity Ratio | 1.80 | 1.80 | 2.21 | 1.85 | 1.53 | 0.94 |
| Net Debt / EBITDA Ratio | -33.47 | -33.47 | -8.71 | -9.41 | -7.67 | -7.08 |
| Net Debt / FCF Ratio | -11.38 | -11.38 | -4.48 | -8.26 | -5.13 | -2.30 |
| Asset Turnover | 0.07 | 0.07 | 0.06 | 0.09 | 0.08 | 0.08 |
| Inventory Turnover | 10.95 | 10.95 | 12.55 | 9.81 | 10.16 | 18.18 |
| Quick Ratio | 0.17 | 0.17 | 0.19 | 0.07 | 0.26 | 0.34 |
| Current Ratio | 0.48 | 0.48 | 0.46 | 0.32 | 0.68 | 0.73 |
| Return on Equity (ROE) | -21.88% | -21.88% | -38.76% | -28.23% | -32.31% | -20.32% |
| Return on Assets (ROA) | -2.25% | -2.25% | -5.21% | -4.80% | -5.36% | -4.95% |
| Return on Capital Employed (ROCE) | -5.20% | -5.20% | -11.60% | -11.30% | -10.80% | -8.40% |
| Earnings Yield | -85.08% | -79.18% | -180.79% | -87.89% | -99.70% | -49.20% |
| FCF Yield | -283.96% | -250.07% | -468.30% | -115.80% | -122.27% | -203.02% |