Concord Medical Services Holdings Limited
CCM Healthcare Medical Care Facilities
Concord Medical Services Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $65.9 million, up 25.2% from fiscal 2024.
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Concord Medical Services Holdings Limited (CCM) Piotroski F-score
Concord Medical Services Holdings Limited's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 3.00 |
| FY2024 | 3 | (3.00) |
| FY2023 | 6 | 3.00 |
| FY2022 | 3 | (1.00) |
| FY2021 | 4 | 0.00 |
| FY2020 | 4 | 3.00 |
| FY2019 | 1 | (3.00) |
| FY2018 | 4 | 1.00 |
| FY2017 | 3 | (1.00) |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.43%) | (4.76%) | Fail | 0 |
| Positive operating cash flow | (28.86m) | (54.49m) | Fail | 0 |
| Rising return on assets | (1.43%) | (4.76%) | Pass | 1 |
| Cash flow above net income | (15.59m) | (12.26m) | Fail | 0 |
| Falling long-term leverage | 0.38 | 0.42 | Pass | 1 |
| Rising current ratio | 0.48 | 0.46 | Pass | 1 |
| No new shares issued | 4,368,000 | 4,368,000 | Pass | 1 |
| Rising gross margin | 5.61% | (20.62%) | Pass | 1 |
| Rising asset turnover | 0.07 | 0.06 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CCM Concord Medical Services Holdings Limited | 6 |
| CCEL Cryo-Cell International Inc. compare | 6 |
| PAIYY Aesthetic Medical International Hldngs Group Ltd Sponsored ADR compare | 5 |
| RHEP Adcare Health Systems Inc compare | 5 |
| MODVQ ModivCare Inc. compare | 3 |
| DCGO DocGo Inc. compare | 3 |
| CANOQ Cano Health, Inc. compare | 3 |
| AMS American Shared Hospital Services compare | 3 |
| BMGL Basel Medical Group Ltd compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover