QingSong Health (HKSE:02661) Pretax Margin %: -77.63% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02661 QingSong Health Corp HKSE:02661
18 GF Score
Price HK$5.85
! 4 Warning Signs
View Full Analysis

What is QingSong Health Pretax Margin %?

QingSong Health HKSE:02661 -4.72% 18 Pretax Margin % is -77.63% as of Dec. 2025. GuruFocus rates HKSE:02661 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 663 Healthcare Providers & Services companies, QingSong Health ranks worse than 82.96% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. QingSong Health's Pre-Tax Income for the six months ended in Dec. 2025 was HK$-514 Mil. QingSong Health's Revenue for the six months ended in Dec. 2025 was HK$663 Mil. Therefore, QingSong Health's pretax margin for the quarter that ended in Dec. 2025 was -77.63%.

The historical rank and industry rank for QingSong Health's Pretax Margin % or its related term are showing as below:

HKSE:02661' s Pretax Margin % Range Over the Past 10 Years
Min: -30.41   Med: 1.2   Max: 21.34
Current: -30.41


HKSE:02661's Pretax Margin % is ranked worse than
82.96% of 663 companies
in the Healthcare Providers & Services industry
Industry Median: 4.02 vs HKSE:02661: -30.41

QingSong Health  (HKSE:02661) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


QingSong Health Pretax Margin % Related Terms


QingSong Health Pretax Margin % Historical Data

* Premium members only.

The historical data trend for QingSong Health's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

QingSong Health Pretax Margin % Chart

QingSong Health Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Pretax Margin %
1.61 21.34 0.78 -30.17

QingSong Health Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Pretax Margin % Get a 7-Day Free Trial 0.00 3.13 -0.63 13.23 -77.63

HKSE:02661 vs VEEV, BTSG, HQY: Pretax Margin % Comparison

For the Health Information Services subindustry, QingSong Health's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


QingSong Health Pretax Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, QingSong Health's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where QingSong Health's Pretax Margin % falls into.


HKSE:02661
18GF Score
QingSong Health Corp HKSE:02661
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

QingSong Health Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

QingSong Health's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-418.554/1387.41
=-30.17 %

QingSong Health's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-514.415/662.612
=-77.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -77.63% mean?
QingSong Health (HKSE:02661) has a Pretax Margin % of -77.63% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on QingSong Health and its competitors. According to the industry distribution chart, QingSong Health ranks #550 out of 663 companies in the Healthcare Providers & Services industry, placing it in the top 83%.
Is QingSong Health's Pretax Margin % too high?
QingSong Health's current Pretax Margin % is -77.63%. Based on the distribution chart, QingSong Health ranks #550 out of 663 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, QingSong Health has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does QingSong Health's Pretax Margin % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, QingSong Health ranks #550 out of 663 companies for Pretax Margin %. This places QingSong Health in the lower half of its industry. The industry median Pretax Margin % is 4.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Healthcare Providers & Services company?
The median Pretax Margin % among Healthcare Providers & Services companies is 4.02, based on 663 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on QingSong Health and its competitors. For the Healthcare Providers & Services industry, the median Pretax Margin % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QingSong Health's current Pretax Margin % is -77.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QingSong Health stock overvalued right now?
QingSong Health (HKSE:02661) has a current Pretax Margin % of -77.63%. The current Pretax Margin % is -77.63%. QingSong Health's overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For QingSong Health (HKSE:02661), the current Pretax Margin % is -77.63% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

QingSong Health Business Description

Address No. 28 Andingmen East Street, 7th floor, Building F, Yonghe Mansion, Dongcheng District, Beijing, CHN
QingSong Health Corp is a technology-driven one-stop platform in China, focusing on providing comprehensive health services and health insurance solutions. It offers healthcare-related services, including early disease screening promotion and consultancy, health examinations and consultations, medical appointment services, and the sale of health supplements. It prominently offers health insurance products providing coverage for illness and medical expenses, typically for one year or less. The company also offers critical illness insurance, which provides a lump-sum payment if the policyholder is diagnosed with specified serious illnesses. It derives revenue from the provision of Healthcare-related Services. Geographically, it operates only in China.
18GF Score

Get the complete analysis for HKSE:02661

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$5.85
Price