BNR vs CCM
Burning Rock Biotech Ltd. and Concord Medical Services Holdings Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BNR | CCM |
|---|---|---|
| Revenue | CNY 539.6M | CNY 460.5M |
| Net income | CNY -55.3M | CNY -92.8M |
| Gross margin | 74.7% | 5.6% |
| Net margin | −10.3% | −82.4% |
| Return on equity | −9.9% | · |
| Diluted EPS | · | −CNY 0.71 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -33.7M | CNY -258.1M |
| Equity | CNY 535.3M | CNY -2.1B |
| Net debt / equity | −0.89× | · |
| Current ratio | 2.99× | 0.48× |
| Revenue CAGR 5y | 4.6% | 15.6% |
| Profit CAGR 5y | · | · |
BNR bills 1.2× the revenue of CCM, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | BNR | CCM |
|---|---|---|
| FY2025 | CNY 539.6M | CNY 460.5M |
| FY2024 | CNY 515.8M | CNY 384.0M |
| FY2023 | CNY 537.4M | CNY 537.4M |
| FY2022 | CNY 563.2M | CNY 472.1M |
| FY2021 | CNY 507.9M | CNY 485.6M |
| FY2020 | CNY 429.9M | CNY 223.0M |
| FY2019 | CNY 381.7M | CNY 198.4M |
| FY2018 | CNY 208.9M | CNY 190.9M |
Bottom line
| Fiscal year | BNR | CCM |
|---|---|---|
| FY2025 | CNY -55.3M | CNY -92.8M |
| FY2024 | CNY -346.6M | CNY -308.2M |
| FY2023 | CNY -653.7M | CNY -297.7M |
| FY2022 | CNY -971.2M | CNY -489.7M |
| FY2021 | CNY -796.7M | CNY -271.4M |
| FY2020 | CNY -407.2M | CNY -310.0M |
| FY2019 | CNY -169.2M | CNY -307.0M |
| FY2018 | CNY -177.5M | CNY -234.9M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 79,055,000 | BNR |
| FY2024 | +CNY 131,866,000 | BNR |
| FY2023 | +CNY 33,000 | BNR |
| FY2022 | +CNY 91,153,000 | BNR |
| FY2021 | +CNY 22,229,000 | BNR |
| FY2020 | +CNY 206,892,000 | BNR |
| FY2019 | +CNY 183,314,000 | BNR |
| FY2018 | +CNY 17,969,000 | BNR |
BNR has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +72.1 pp | BNR |
| FY2024 | +102.6 pp | BNR |
| FY2023 | −22.8 pp | CCM |
| FY2022 | −9.5 pp | CCM |
| FY2021 | −49.2 pp | CCM |
| FY2020 | +86.4 pp | BNR |
| FY2019 | +133.2 pp | BNR |
| FY2018 | +50.8 pp | BNR |
The higher net margin has changed hands between BNR and CCM over this period.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BNR's net margin has been more volatile than CCM's over the 8 comparable fiscal years — 51.4 percentage points of standard deviation against 36.4.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BNR and CCM over these 8 fiscal years — BNR led in 5 and CCM in 3.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.