Concord Medical Services Holdings Limited (CCM) Balance Sheet

NYSE: CCMAssets, liabilities, debt and equity over 10 years.

CCM balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥6.55B assets = CN¥4.70B liabilities + CN¥1.85B equity

Both columns are drawn to the same scale: what CCM owns equals what it owes plus shareholders’ equity. Hover a block for its value.

CCM financial health

Current ratio0.48

Tight · current assets cover current liabilities 0.48×

Equity / assets−32.1%

Thin equity · of assets funded by shareholders

Cash / debt8.2%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles18.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

CCM balance sheet trends, 2016–2025

Concord Medical Services Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥3.23B2016	CN¥6.55B2025	+8.2%/yr
Total liabilities	CN¥2.00B2016	CN¥4.70B2025	+10.0%/yr
Shareholders’ equity	CN¥1.17B2016	−CN¥2.10B2025	—
Cash & short-term investments	CN¥189.9M2016	CN¥297.8M2025	+5.1%/yr
Total debt	CN¥1.19B2016	CN¥3.63B2025	+13.2%/yr
Net cash (debt)	−CN¥999.0M2016	−CN¥3.34B2025	−CN¥2.3B
Working capital	CN¥243.8M2016	−CN¥1.01B2025	−CN¥1.3B
Current ratio	1.262016	0.482025	−0.77
Debt / equity	1.022016	0.982020	−0.04
Shares outstanding	145K2016	146K2025	+0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

CCM assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

CCM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

CCM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

CCM balance sheet in Chinese yuan

Concord Medical Services Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥297.8M	CN¥350.8M	CN¥58.1M	CN¥158.3M	CN¥157.4M	CN¥334.3M	CN¥74.3M	CN¥454.7M	CN¥98.2M	CN¥189.9M
Cash & equivalents	CN¥297.8M	CN¥216.2M	CN¥58.1M	CN¥158.3M	CN¥157.4M	CN¥334.3M	CN¥74.3M	CN¥404.7M	CN¥98.2M	CN¥189.9M
Short-term investments	CN¥1,000	CN¥134.6M	CN¥0	CN¥0	CN¥2.7M	CN¥25.0M	CN¥35.2M	CN¥50.0M	CN¥18.9M	CN¥59.1M
Receivables	CN¥44.0M	CN¥51.2M	CN¥73.5M	CN¥130.3M	CN¥383.0M	CN¥280.4M	CN¥121.1M	CN¥203.1M	CN¥296.3M	CN¥301.1M
Inventory	CN¥46.0M	CN¥33.4M	CN¥40.3M	CN¥84.8M	CN¥38.1M	CN¥21.6M	CN¥4.3M	CN¥3.4M	CN¥6.3M	CN¥5.9M
Other current assets	CN¥554.1M	CN¥548.5M	CN¥445.2M	CN¥386.4M	CN¥6.0M	CN¥39.7M	CN¥82.7M	CN¥567.5M	CN¥710.3M	CN¥698.0M
Total current assets	CN¥941.9M	CN¥984.0M	CN¥617.2M	CN¥759.8M	CN¥584.5M	CN¥676.0M	CN¥282.5M	CN¥1.23B	CN¥1.11B	CN¥1.19B
Property, plant & equipment (net)	CN¥3.97B	CN¥4.01B	CN¥4.13B	CN¥3.45B	CN¥3.35B	CN¥3.20B	CN¥2.55B	CN¥1.22B	CN¥793.6M	CN¥775.3M
Goodwill & intangible assets	CN¥1.21B	CN¥1.25B	CN¥898.7M	CN¥1.34B	CN¥1.66B	CN¥736.5M	CN¥742.9M	CN¥1.06B	CN¥455.7M	CN¥459.0M
Long-term investments	CN¥422.0M	CN¥472.2M	CN¥394.7M	CN¥437.9M	CN¥390.6M	CN¥313.0M	CN¥64.9M	CN¥388.4M	CN¥754.3M	CN¥232.2M
Other non-current assets	CN¥4.7M	CN¥5.9M	CN¥16.1M	CN¥23.2M	CN¥250.6M	CN¥409.9M	CN¥661.1M	CN¥688.7M	CN¥350.6M	CN¥567.2M
Total assets	CN¥6.55B	CN¥6.73B	CN¥6.05B	CN¥6.00B	CN¥6.23B	CN¥5.33B	CN¥4.30B	CN¥4.59B	CN¥3.47B	CN¥3.23B
Liabilities
Accounts payable	CN¥119.3M	CN¥199.4M	CN¥129.2M	CN¥146.7M	CN¥102.5M	CN¥18.6M	CN¥8.3M	CN¥5.4M	CN¥4.6M	CN¥2.0M
Short-term debt	CN¥1.02B	CN¥1.08B	CN¥1.09B	CN¥548.5M	CN¥319.8M	CN¥162.5M	CN¥12.9M	CN¥249.2M	CN¥794.5M	CN¥724.6M
Deferred revenue	CN¥95.7M	CN¥46.2M	CN¥59.4M	CN¥100.8M	CN¥81.0M	CN¥87.7M	CN¥3.2M	CN¥23.6M	CN¥14.6M	CN¥15.6M
Total current liabilities	CN¥1.95B	CN¥2.13B	CN¥1.95B	CN¥1.12B	CN¥804.5M	CN¥512.1M	CN¥627.5M	CN¥870.3M	CN¥1.11B	CN¥951.1M
Long-term debt	CN¥2.49B	CN¥2.69B	CN¥1.99B	CN¥2.47B	CN¥2.18B	CN¥1.97B	CN¥1.29B	CN¥497.5M	CN¥448.1M	CN¥464.3M
Lease obligations	CN¥168.4M	CN¥184.3M	CN¥239.5M	CN¥235.9M	CN¥234.7M	CN¥237.1M	CN¥231.7M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥257.3M	CN¥289.6M	CN¥361.5M	CN¥396.6M	CN¥503.1M	CN¥453.5M	CN¥489.0M	CN¥943.7M	CN¥894.2M	CN¥581.5M
Total liabilities	CN¥4.70B	CN¥5.11B	CN¥4.31B	CN¥3.99B	CN¥3.49B	CN¥2.93B	CN¥2.41B	CN¥2.31B	CN¥2.45B	CN¥2.00B
Shareholders' equity
Common stock & paid-in capital	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000
Retained earnings (deficit)	−CN¥4.47B	−CN¥4.37B	−CN¥4.06B	−CN¥3.77B	−CN¥3.28B	−CN¥2.46B	−CN¥1.79B	−CN¥1.23B	−CN¥879.4M	−CN¥598.2M
Treasury stock	—	—	—	—	—	−CN¥8,000	−CN¥8,000	−CN¥8,000	−CN¥8,000	−CN¥8,000
Accumulated other comprehensive income	−CN¥75.6M	−CN¥77.3M	−CN¥65.4M	−CN¥27.8M	−CN¥29.5M	−CN¥46.4M	−CN¥97.3M	−CN¥88.6M	−CN¥47.4M	−CN¥88.0M
Minority interest	CN¥3.95B	CN¥3.90B	CN¥3.87B	CN¥3.88B	—	—	—	CN¥0	CN¥0	CN¥0
Total shareholders' equity	−CN¥2.10B	−CN¥2.28B	−CN¥2.12B	−CN¥1.86B	−CN¥1.37B	CN¥2.40B	−CN¥122.8M	CN¥437.4M	CN¥934.0M	CN¥1.17B
Key figures
Total debt	CN¥3.63B	CN¥3.93B	CN¥3.30B	CN¥3.24B	CN¥2.73B	CN¥2.35B	CN¥1.52B	CN¥938.1M	CN¥1.24B	CN¥1.19B
Net cash (debt)	−CN¥3.34B	−CN¥3.58B	−CN¥3.24B	−CN¥3.08B	−CN¥2.58B	−CN¥2.02B	−CN¥1.45B	−CN¥483.4M	−CN¥1.14B	−CN¥999.0M
Working capital	−CN¥1.01B	−CN¥1.14B	−CN¥1.33B	−CN¥361.4M	−CN¥220.0M	CN¥163.9M	−CN¥345.0M	CN¥358.4M	CN¥3.0M	CN¥243.8M
Tangible book value	−CN¥3.31B	−CN¥3.53B	−CN¥3.02B	−CN¥3.20B	−CN¥3.03B	CN¥1.66B	−CN¥865.7M	−CN¥622.9M	CN¥478.3M	CN¥707.2M
Shares outstanding	146K	146K	146K	146K	146K	43.7M	145K	145K	145K	145K
Current ratio	0.48	0.46	0.32	0.68	0.73	1.32	0.45	1.41	1.00	1.26
Quick ratio	0.17	0.19	0.07	0.26	0.67	1.20	0.31	0.76	0.36	0.52
Debt / equity	—	—	—	—	—	0.98	—	2.14	1.33	1.02
Equity / assets	−32.1%	−33.9%	−35.1%	−31.0%	−22.0%	45.0%	−2.9%	9.5%	27.0%	36.1%

Concord Medical Services Holdings Limited quarterly balance sheet
	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23
Assets
Cash & short-term investments	CN¥297.8M	CN¥297.8M	CN¥297.8M	CN¥177.4M	CN¥177.4M	CN¥350.8M	CN¥326.9M	CN¥326.9M	CN¥58.1M	CN¥58.1M	CN¥243.4M
Cash & equivalents	CN¥297.8M	CN¥297.8M	CN¥297.8M	CN¥177.4M	CN¥177.4M	CN¥216.2M	CN¥115.7M	CN¥115.7M	CN¥58.1M	CN¥58.1M	CN¥243.4M
Short-term investments	CN¥1,000	CN¥1,000	CN¥1,000	CN¥0	CN¥134.6M	CN¥134.6M	CN¥211.2M	CN¥211.2M	CN¥0	—	—
Receivables	CN¥44.0M	CN¥44.0M	CN¥44.0M	CN¥57.4M	CN¥57.4M	CN¥51.2M	CN¥78.2M	CN¥78.2M	CN¥73.5M	CN¥73.5M	CN¥98.1M
Inventory	CN¥46.0M	CN¥46.0M	CN¥46.0M	CN¥13.7M	CN¥13.7M	CN¥33.4M	CN¥39.8M	CN¥39.8M	CN¥40.3M	CN¥40.3M	CN¥42.7M
Other current assets	CN¥554.1M	CN¥554.1M	CN¥554.1M	CN¥776.9M	CN¥776.9M	CN¥548.5M	CN¥584.4M	CN¥584.4M	CN¥445.2M	CN¥445.2M	CN¥466.7M
Total current assets	CN¥941.9M	CN¥941.9M	CN¥941.9M	CN¥1.03B	CN¥1.03B	CN¥984.0M	CN¥1.03B	CN¥1.03B	CN¥617.2M	CN¥617.2M	CN¥850.8M
Property, plant & equipment (net)	CN¥3.97B	CN¥3.97B	CN¥4.22B	CN¥4.19B	CN¥4.19B	CN¥4.23B	CN¥4.09B	CN¥4.09B	CN¥3.73B	CN¥4.13B	CN¥3.86B
Goodwill & intangible assets	CN¥1.21B	CN¥1.21B	CN¥828.1M	CN¥846.2M	CN¥846.2M	CN¥864.4M	CN¥872.8M	CN¥872.8M	CN¥1.30B	CN¥898.7M	CN¥915.5M
Long-term investments	CN¥0	CN¥422.0M	CN¥0	CN¥457.0M	CN¥0	CN¥0	CN¥480.9M	CN¥0	CN¥394.7M	CN¥0	CN¥423.1M
Other non-current assets	CN¥426.7M	CN¥4.7M	CN¥556.3M	CN¥212.9M	CN¥669.9M	CN¥652.9M	CN¥145.3M	CN¥626.1M	CN¥11.4M	CN¥410.8M	CN¥25.5M
Total assets	CN¥6.55B	CN¥6.55B	CN¥6.55B	CN¥6.73B	CN¥6.73B	CN¥6.73B	CN¥6.62B	CN¥6.62B	CN¥6.05B	CN¥6.05B	CN¥6.07B
Liabilities
Accounts payable	CN¥119.3M	CN¥119.3M	CN¥119.3M	CN¥112.2M	CN¥112.2M	CN¥199.4M	CN¥127.3M	CN¥127.3M	CN¥129.2M	CN¥129.2M	CN¥129.9M
Short-term debt	CN¥1.02B	—	CN¥1.02B	CN¥1.42B	CN¥1.42B	CN¥1.08B	CN¥1.19B	CN¥1.19B	—	CN¥1.09B	CN¥782.3M
Deferred revenue	CN¥95.7M	—	—	—	CN¥46.2M	—	−CN¥1.6M	CN¥59.4M	—	—	CN¥416.4M
Total current liabilities	CN¥1.95B	CN¥1.95B	CN¥1.95B	CN¥2.45B	CN¥2.45B	CN¥2.13B	CN¥2.17B	CN¥2.17B	CN¥1.95B	CN¥1.95B	CN¥1.34B
Long-term debt	CN¥0	CN¥2.49B	CN¥0	CN¥2.27B	CN¥0	CN¥0	CN¥2.21B	CN¥0	CN¥2.01B	CN¥0	CN¥2.27B
Lease obligations	—	CN¥168.4M	—	CN¥180.4M	—	—	CN¥195.2M	—	CN¥239.5M	—	CN¥243.8M
Other long-term liabilities	CN¥2.74B	CN¥257.3M	CN¥2.74B	CN¥289.5M	CN¥2.56B	CN¥2.98B	CN¥317.7M	CN¥2.53B	CN¥341.5M	CN¥2.36B	CN¥374.8M
Total liabilities	CN¥4.70B	CN¥4.70B	CN¥4.70B	CN¥5.01B	CN¥5.01B	CN¥5.11B	CN¥4.70B	CN¥4.70B	CN¥4.31B	CN¥4.31B	CN¥3.98B
Shareholders' equity
Common stock & paid-in capital	CN¥105,000	—	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	CN¥105,000	—	CN¥105,000	CN¥105,000
Retained earnings (deficit)	−CN¥4.47B	−CN¥4.47B	−CN¥4.47B	−CN¥4.40B	−CN¥4.40B	−CN¥4.37B	−CN¥4.24B	−CN¥4.24B	−CN¥4.06B	−CN¥4.06B	−CN¥3.86B
Accumulated other comprehensive income	−CN¥75.6M	—	−CN¥75.6M	−CN¥70.4M	−CN¥70.4M	−CN¥77.3M	−CN¥71.7M	−CN¥71.7M	—	−CN¥65.4M	−CN¥45.1M
Minority interest	—	CN¥3.95B	—	CN¥3.96B	—	—	—	—	—	—	—
Total shareholders' equity	−CN¥2.10B	−CN¥2.10B	−CN¥2.10B	−CN¥2.24B	−CN¥2.24B	−CN¥2.28B	−CN¥2.14B	−CN¥2.14B	−CN¥2.12B	−CN¥2.12B	−CN¥1.88B
Key figures
Total debt	CN¥3.63B	CN¥2.49B	CN¥3.63B	CN¥3.82B	CN¥3.82B	CN¥3.93B	CN¥3.56B	CN¥3.56B	CN¥2.01B	CN¥3.30B	CN¥3.25B
Net cash (debt)	−CN¥3.34B	−CN¥2.19B	−CN¥3.34B	−CN¥3.65B	−CN¥3.65B	−CN¥3.58B	−CN¥3.24B	−CN¥3.24B	−CN¥1.96B	−CN¥3.24B	−CN¥3.01B
Working capital	−CN¥1.01B	−CN¥1.01B	−CN¥1.01B	−CN¥1.43B	−CN¥1.43B	−CN¥1.14B	−CN¥1.14B	−CN¥1.14B	−CN¥1.33B	−CN¥1.33B	−CN¥485.1M
Tangible book value	−CN¥3.31B	−CN¥3.31B	−CN¥2.93B	−CN¥3.09B	−CN¥3.09B	−CN¥3.14B	−CN¥3.01B	−CN¥3.01B	−CN¥3.42B	−CN¥3.02B	−CN¥2.79B
Shares outstanding	145K	130.3M	146K	146K	146K	146K	146K	146K	130.3M	146K	146K
Current ratio	0.48	0.48	0.48	0.42	0.42	0.46	0.47	0.47	0.32	0.32	0.64
Quick ratio	0.17	0.17	0.17	0.10	0.10	0.19	0.19	0.19	0.07	0.07	0.26
Equity / assets	−32.1%	−32.1%	−32.1%	−33.3%	−33.3%	−33.9%	−32.3%	−32.3%	−35.1%	−35.1%	−30.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 29, 2026); data from EODHD.

CCM financial position

At the end of fiscal 2025 (December 31, 2025), Concord Medical Services had total assets of CN¥6.5 billion (down 2.7% from a year earlier), total liabilities of CN¥4.7 billion and shareholders' equity of -CN¥2.1 billion. It held CN¥297.8 million in cash and short-term investments against CN¥3.6 billion of debt, net debt of CN¥3.3 billion. Its current ratio was 0.48. In the latest quarter (ended March 31, 2026) total assets were CN¥6.5 billion and equity -CN¥2.1 billion.

Related: CCM income statement, CCM cash flow statement, CCM key metrics. See the CCM stock overview for the latest quote and news.

CCM balance sheet FAQ

What are Concord Medical Services's total assets?

Concord Medical Services reported total assets of CN¥6.5 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥6.7 billion a year earlier.

How much debt does Concord Medical Services have?

Concord Medical Services had CN¥3.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Concord Medical Services have?

Concord Medical Services held CN¥297.8 million in cash and short-term investments at the end of fiscal 2025; with CN¥3.6 billion of debt that is net debt of CN¥3.3 billion.

What is Concord Medical Services's book value?

Concord Medical Services's shareholders' equity (book value) was -CN¥2.1 billion at the end of fiscal 2025.

What is Concord Medical Services's current ratio?

Concord Medical Services had current assets of CN¥941.9 million and current liabilities of CN¥2.0 billion, a current ratio of 0.48 (current liabilities exceed current assets).

How much goodwill does Concord Medical Services have?

Concord Medical Services carried CN¥1.2 billion of goodwill and intangible assets, 18.4% of total assets, at the end of fiscal 2025.