Shenzhen Kaifa Technology Co Ltd (000021) — Capital Reinvestment Ratio
Shenzhen Kaifa Technology Co Ltd (000021) has a Capital Reinvestment Ratio of 0.51x as of September 2025, meaning it reinvests 1% of its operating cash flow (CN¥638.44 Million) in capital expenditures (CN¥326.76 Million). Check 000021 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Shenzhen Kaifa Technology Co Ltd Capital Reinvestment Ratio (1998–2025)
This chart tracks Shenzhen Kaifa Technology Co Ltd's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see Shenzhen Kaifa Technology Co Ltd operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Shenzhen Kaifa Technology Co Ltd (1998–2025)
Year-by-year Capital Reinvestment Ratio for Shenzhen Kaifa Technology Co Ltd from 1998 to 2025. See 000021 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.69x | CN¥1.76 Billion | CN¥1.22 Billion | ▲ +17.3% |
| 2024 | 0.59x | CN¥2.43 Billion | CN¥1.43 Billion | ▲ +8.6% |
| 2023 | 0.54x | CN¥2.00 Billion | CN¥1.09 Billion | ▼ -74.2% |
| 2022 | 2.10x | CN¥895.70 Million | CN¥1.88 Billion | ▼ -35.5% |
| 2021 | 3.26x | CN¥867.61 Million | CN¥2.83 Billion | ▲ +424.4% |
| 2020 | 0.62x | CN¥3.12 Billion | CN¥1.94 Billion | ▼ -66.3% |
| 2018 | 1.84x | CN¥420.77 Million | CN¥776.01 Million | ▲ +9.3% |
| 2017 | 1.69x | CN¥719.67 Million | CN¥1.21 Billion | ▼ -41.1% |
| 2016 | 2.86x | CN¥356.54 Million | CN¥1.02 Billion | ▲ +84.8% |
| 2015 | 1.55x | CN¥490.46 Million | CN¥760.14 Million | ▲ +171.7% |
| 2013 | 0.57x | CN¥448.85 Million | CN¥256.08 Million | ▼ -43.6% |
| 2012 | 1.01x | CN¥287.85 Million | CN¥291.02 Million | ▼ -35.0% |
| 2011 | 1.55x | CN¥170.08 Million | CN¥264.39 Million | ▼ -55.6% |
| 2010 | 3.50x | CN¥114.43 Million | CN¥400.74 Million | ▲ +790.3% |
| 2009 | 0.39x | CN¥493.69 Million | CN¥194.20 Million | ▼ -36.2% |
| 2008 | 0.62x | CN¥338.52 Million | CN¥208.73 Million | ▲ +173.1% |
| 2006 | 0.23x | CN¥712.39 Million | CN¥160.82 Million | ▼ -35.5% |
| 2005 | 0.35x | CN¥176.07 Million | CN¥61.60 Million | ▲ +697.2% |
| 2004 | 0.04x | CN¥571.80 Million | CN¥25.09 Million | ▼ -0.7% |
| 2003 | 0.04x | CN¥846.69 Million | CN¥37.41 Million | ▼ -67.4% |
| 2002 | 0.14x | CN¥255.04 Million | CN¥34.55 Million | ▼ -86.6% |
| 2001 | 1.01x | CN¥204.96 Million | CN¥206.89 Million | ▲ +146.1% |
| 1999 | 0.41x | CN¥496.29 Million | CN¥203.53 Million | ▼ -64.9% |
| 1998 | 1.17x | CN¥331.24 Million | CN¥387.55 Million | — |