A new method was presented by utilizing the structural circumferential periodicity of the inertia excitation due to the concentrated masses to compute the transverse vibration for thin circular plate carrying concentrated masses. Comparison between the calculated fundamental frequency coefficients and those from other approaches validates the method. And then, the point mobility matrices and the power flows were solved on the basis of modal function solutions and the analytical results of simply supported case were presented. Finally, the parametric effect of the single concentrate mass on the power flows was investigated.