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Stocks · Health care · Services-Offices & Clinics of Doctors of Medicine

Concord Medical Services Holdings Ltd

CCM Clue Score27
Cayman Islands CIK 0001472072
$3.88 +25.16% Close, 9 Oct 2026
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Price $3.88 +33.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue455.0Operating income−168.6Net income−261.9EPS, diluted−2.00Fiscal year 2017Revenue91.4 −79.9%Operating income−211.9Net income−284.3Fiscal year 2018Revenue114.2 +24.9%Operating income−299.2Net income−234.9Fiscal year 2019Revenue139.8 +22.4%Operating income−437.3Net income−307.0Fiscal year 2020Revenue170.1 +21.7%Operating income−316.0Net income−310.0EPS, diluted−5.11Fiscal year 2021Revenue443.1 +160.5%Operating income−458.3Net income−271.4EPS, diluted−6.26Fiscal year 2022Revenue450.1 +1.6%Operating income−525.0Net income−489.7EPS, diluted−3.74Fiscal year 2023Revenue520.7 +15.7%Operating income−463.0Net income−297.7EPS, diluted−2.27Fiscal year 2024Revenue374.6 −28.1%Operating income−532.2Net income−308.2EPS, diluted−2.35Fiscal year 2025Revenue454.3 +21.3%Operating income−261.5Net income−92.8EPS, diluted−0.71
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 455.0 91.4 114.2 139.8 170.1 443.1 450.1 520.7 374.6 454.3
Growth −79.9% +24.9% +22.4% +21.7% +160.5% +1.6% +15.7% −28.1% +21.3%
Operating income −168.6 −211.9 −299.2 −437.3 −316.0 −458.3 −525.0 −463.0 −532.2 −261.5
Net income −261.9 −284.3 −234.9 −307.0 −310.0 −271.4 −489.7 −297.7 −308.2 −92.8
Growth
EPS, diluted −2.00 n/a n/a n/a −5.11 −6.26 −3.74 −2.27 −2.35 −0.71
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin37.0%Operating margin−37.1%Net margin−57.5%Free cash flow margin−34.5%Fiscal year 2017Gross margin107.2%Operating margin−231.8%Net margin−311.0%Free cash flow margin−70.6%Fiscal year 2018Gross margin17.3%Operating margin−262.1%Net margin−205.7%Free cash flow margin−178.8%Fiscal year 2019Gross margin−11.3%Operating margin−312.8%Net margin−219.6%Free cash flow margin−306.2%Fiscal year 2020Gross margin7.7%Operating margin−185.8%Net margin−182.2%Free cash flow margin−233.8%Fiscal year 2021Gross margin−12.8%Operating margin−103.4%Net margin−61.2%Free cash flow margin−144.0%Fiscal year 2022Gross margin−33.9%Operating margin−116.6%Net margin−108.8%Free cash flow margin−97.7%Fiscal year 2023Gross margin−14.7%Operating margin−88.9%Net margin−57.2%Free cash flow margin−74.8%Fiscal year 2024Gross margin−21.1%Operating margin−142.1%Net margin−82.3%Free cash flow margin−146.4%Fiscal year 2025Gross margin5.7%Operating margin−57.6%Net margin−20.4%Free cash flow margin−56.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 37.0% 107.2% 17.3% −11.3% 7.7% −12.8% −33.9% −14.7% −21.1% 5.7%
Operating margin −37.1% −231.8% −262.1% −312.8% −185.8% −103.4% −116.6% −88.9% −142.1% −57.6%
Net margin −57.5% −311.0% −205.7% −219.6% −182.2% −61.2% −108.8% −57.2% −82.3% −20.4%
Free cash flow margin −34.5% −70.6% −178.8% −306.2% −233.8% −144.0% −97.7% −74.8% −146.4% −56.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−78.1Capital expenditure−78.9Free cash flow−157.0Buybacks−30.4Dividends paid−285.8Fiscal year 2017Operating cash flow26.7Capital expenditure−91.3Free cash flow−64.5Buybacks0.0Dividends paid0.0Fiscal year 2018Operating cash flow−38.6Capital expenditure−165.6Free cash flow−204.2Buybacks0.0Dividends paid0.0Fiscal year 2019Operating cash flow−195.3Capital expenditure−232.7Free cash flow−428.0Fiscal year 2020Operating cash flow−229.8Capital expenditure−168.0Free cash flow−397.8Fiscal year 2021Operating cash flow−359.3Capital expenditure−279.0Free cash flow−638.3Fiscal year 2022Operating cash flow−216.7Capital expenditure−223.0Free cash flow−439.7Fiscal year 2023Operating cash flow−276.5Capital expenditure−113.0Free cash flow−389.5Fiscal year 2024Operating cash flow−397.7Capital expenditure−150.8Free cash flow−548.5Fiscal year 2025Operating cash flow−201.8Capital expenditure−56.3Free cash flow−258.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −78.1 26.7 −38.6 −195.3 −229.8 −359.3 −216.7 −276.5 −397.7 −201.8
Capital expenditure −78.9 −91.3 −165.6 −232.7 −168.0 −279.0 −223.0 −113.0 −150.8 −56.3
Free cash flow −157.0 −64.5 −204.2 −428.0 −397.8 −638.3 −439.7 −389.5 −548.5 −258.1
Growth
Buybacks −30.4 0.0 0.0 n/a n/a n/a n/a n/a n/a n/a
Dividends paid −285.8 0.0 0.0 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash189.9Total debt298.3Net cash (debt)−108.4Shareholders’ equity1,166.2Debt to equity0.26Fiscal year 2017Cash98.2Total debt481.7Net cash (debt)−383.5Shareholders’ equity934.0Debt to equity0.52Fiscal year 2018Cash404.7Total debt541.6Net cash (debt)−136.9Shareholders’ equity437.4Debt to equity1.24Fiscal year 2019Cash74.3Total debt1,334.7Net cash (debt)−1,260.4Shareholders’ equity−122.8Fiscal year 2020Cash334.3Total debt2,092.4Net cash (debt)−1,758.2Shareholders’ equity−663.0Fiscal year 2021Cash157.4Total debt2,341.4Net cash (debt)−2,184.1Shareholders’ equity−1,370.1Fiscal year 2022Cash158.3Total debt2,815.4Net cash (debt)−2,657.1Shareholders’ equity−1,864.0Fiscal year 2023Cash58.1Total debt2,716.6Net cash (debt)−2,658.4Shareholders’ equity−2,121.9Fiscal year 2024Cash216.2Total debt3,076.7Net cash (debt)−2,860.5Shareholders’ equity−2,280.4Fiscal year 2025Cash297.8Total debt3,016.2Net cash (debt)−2,718.4Shareholders’ equity−2,103.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 189.9 98.2 404.7 74.3 334.3 157.4 158.3 58.1 216.2 297.8
Total debt 298.3 481.7 541.6 1,334.7 2,092.4 2,341.4 2,815.4 2,716.6 3,076.7 3,016.2
Net cash (debt) −108.4 −383.5 −136.9 −1,260.4 −1,758.2 −2,184.1 −2,657.1 −2,658.4 −2,860.5 −2,718.4
Shareholders’ equity 1,166.2 934.0 437.4 −122.8 −663.0 −1,370.1 −1,864.0 −2,121.9 −2,280.4 −2,103.1
Debt to equity 0.26 0.52 1.24 n/a n/a n/a n/a n/a n/a n/a

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
37.0% 107.2% 17.3% −11.3% 7.7% −12.8% −33.9% −14.7% −21.1% 5.7%
−37.1% −231.8% −262.1% −312.8% −185.8% −103.4% −116.6% −88.9% −142.1% −57.6%
45.0% 277.8% 197.3% 279.7% 259.6% 119.4% −186.6% −106.7% −178.7% −82.2%
−57.5% −311.0% −205.7% −219.6% −182.2% −61.2% −108.8% −57.2% −82.3% −20.4%
−34.5% −70.6% −178.8% −306.2% −233.8% −144.0% −97.7% −74.8% −146.4% −56.8%
Spending
45.3% 260.0% 255.6% 225.4% 173.3% 78.5% 69.1% 63.4% 107.9% 46.9%
17.3% 99.8% 145.0% 166.4% 98.8% 63.0% 49.5% 21.7% 40.2% 12.4%
29.6% 12.5% 15.1% −10.0% −8.5% −1.2% n/a n/a n/a n/a
Returns
−22.5% −30.4% −53.7% n/a n/a n/a n/a n/a n/a n/a
−8.1% −8.2% −5.1% −7.1% −5.8% −4.4% −8.2% −4.9% −4.6% −1.4%
Balance and payout
0.26 0.52 1.24 n/a n/a n/a n/a n/a n/a n/a
61.8% 70.7% 50.4% 56.0% 55.0% 56.0% 66.4% 71.1% 75.9% 71.7%

Shown in CNY as filed; the screener converts to dollars.