QingSong Health (HKSE:02661) ROA %: -102.26% (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$7.02
! 2 Warning Signs
View Full Analysis

What is QingSong Health ROA %?

QingSong Health HKSE:02661 +2.18% 18 ROA % is -102.26% as of Dec. 2025. GuruFocus rates HKSE:02661 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 682 Healthcare Providers & Services companies, QingSong Health ranks worse than 88.71% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. QingSong Health's annualized Net Income for the quarter that ended in Dec. 2025 was HK$-1,029 Mil. QingSong Health's average Total Assets over the quarter that ended in Dec. 2025 was HK$1,006 Mil. Therefore, QingSong Health's annualized ROA % for the quarter that ended in Dec. 2025 was -102.26%.

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

HKSE:02661' s ROA % Range Over the Past 10 Years
Min: -45.9   Med: 0.57   Max: 11.06
Current: -45.9

During the past 4 years, QingSong Health's highest ROA % was 11.06%. The lowest was -45.90%. And the median was 0.57%.

HKSE:02661's ROA % is ranked worse than
88.71% of 682 companies
in the Healthcare Providers & Services industry
Industry Median: 1.8 vs HKSE:02661: -45.90

QingSong Health  (HKSE:02661) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-1029.086/1006.321
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1029.086 / 1325.224)*(1325.224 / 1006.321)
=Net Margin %*Asset Turnover
=-77.65 %*1.3169
=-102.26 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


QingSong Health ROA % Related Terms


QingSong Health ROA % Historical Data

* Premium members only.

The historical data trend for QingSong Health's ROA % 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 ROA % Chart

QingSong Health Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROA %
-0.34 11.06 1.47 -40.87

QingSong Health Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial 0.00 4.46 -1.62 26.28 -102.26

HKSE:02661 vs VEEV, BTSG, TEM: ROA % Comparison

For the Health Information Services subindustry, QingSong Health's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Healthcare Providers & Services Industry

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

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


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

QingSong Health ROA % Calculation

QingSong Health's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=-419.487/( (735.871+1316.776)/ 2 )
=-419.487/1026.3235
=-40.87 %

QingSong Health's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=-1029.086/( (695.866+1316.776)/ 2 )
=-1029.086/1006.321
=-102.26 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2025) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of -102.26% mean?
QingSong Health (HKSE:02661) has a ROA % of -102.26% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on QingSong Health and its competitors. According to the industry distribution chart, QingSong Health ranks #605 out of 682 companies in the Healthcare Providers & Services industry, placing it in the top 88.7%.
Is QingSong Health's ROA % too high?
QingSong Health's current ROA % is -102.26%. Based on the distribution chart, QingSong Health ranks #605 out of 682 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 ROA % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, QingSong Health ranks #605 out of 682 companies for ROA %. This places QingSong Health in the lower half of its industry. The industry median ROA % is 1.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Healthcare Providers & Services company?
The median ROA % among Healthcare Providers & Services companies is 1.80, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on QingSong Health and its competitors. For the Healthcare Providers & Services industry, the median ROA % is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QingSong Health's current ROA % is -102.26%. 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 ROA % of -102.26%. The current ROA % is -102.26%. QingSong Health's overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For QingSong Health (HKSE:02661), the current ROA % is -102.26% 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

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

HK$7.02
Price