Hes Technology Group (002963) — Capital Reinvestment Ratio
Hes Technology Group (002963) has a Capital Reinvestment Ratio of 0.01x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥68.47 Million) in capital expenditures (CN¥515.20K). Check 002963 intangible-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
Hes Technology Group Capital Reinvestment Ratio (2015–2025)
This chart tracks Hes Technology Group's Capital Reinvestment Ratio across 7 annual periods. For the full cash flow conversion analysis, see 002963 operating cash flow.
Annual Capital Reinvestment Ratio for Hes Technology Group (2015–2025)
Year-by-year Capital Reinvestment Ratio for Hes Technology Group from 2015 to 2025. See cash generation quality of Hes Technology Group to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.79x | CN¥102.90 Million | CN¥80.84 Million | ▲ +119.2% |
| 2023 | 0.36x | CN¥139.10 Million | CN¥49.87 Million | ▲ +28.5% |
| 2021 | 0.28x | CN¥66.41 Million | CN¥18.53 Million | ▲ +2015.1% |
| 2019 | 0.01x | CN¥107.73 Million | CN¥1.42 Million | ▼ -72.4% |
| 2018 | 0.05x | CN¥48.65 Million | CN¥2.32 Million | ▼ -38.2% |
| 2017 | 0.08x | CN¥15.45 Million | CN¥1.19 Million | ▼ -9.9% |
| 2015 | 0.09x | CN¥16.22 Million | CN¥1.39 Million | — |