Hangzhou First PV Material Co Ltd (603806) — Capital Reinvestment Ratio
Hangzhou First PV Material Co Ltd (603806) has a Capital Reinvestment Ratio of 0.14x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥921.00 Million) in capital expenditures (CN¥133.01 Million). Check tangible net worth ratio of Hangzhou First PV Material Co Ltd to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Hangzhou First PV Material Co Ltd Capital Reinvestment Ratio (2009–2024)
This chart tracks Hangzhou First PV Material Co Ltd's Capital Reinvestment Ratio across 14 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Hangzhou First PV Material Co Ltd.
Annual Capital Reinvestment Ratio for Hangzhou First PV Material Co Ltd (2009–2024)
Year-by-year Capital Reinvestment Ratio for Hangzhou First PV Material Co Ltd from 2009 to 2024. See Hangzhou First PV Material Co Ltd free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.15x | CN¥4.39 Billion | CN¥642.82 Million | ▼ -99.3% |
| 2022 | 22.16x | CN¥26.04 Million | CN¥576.94 Million | ▲ +1596.0% |
| 2020 | 1.31x | CN¥272.34 Million | CN¥355.79 Million | ▲ +243.7% |
| 2019 | 0.38x | CN¥434.94 Million | CN¥165.32 Million | ▼ -67.0% |
| 2018 | 1.15x | CN¥169.57 Million | CN¥195.51 Million | ▲ +36.9% |
| 2017 | 0.84x | CN¥242.96 Million | CN¥204.66 Million | ▼ -12.2% |
| 2016 | 0.96x | CN¥295.09 Million | CN¥283.26 Million | ▲ +248.8% |
| 2015 | 0.28x | CN¥415.95 Million | CN¥114.46 Million | ▼ -57.7% |
| 2014 | 0.65x | CN¥99.87 Million | CN¥64.99 Million | ▲ +153.4% |
| 2013 | 0.26x | CN¥406.97 Million | CN¥104.50 Million | ▼ -16.2% |
| 2012 | 0.31x | CN¥317.51 Million | CN¥97.34 Million | ▲ +16.9% |
| 2011 | 0.26x | CN¥272.91 Million | CN¥71.56 Million | ▼ -9.6% |
| 2010 | 0.29x | CN¥267.92 Million | CN¥77.71 Million | ▼ -84.3% |
| 2009 | 1.84x | CN¥42.67 Million | CN¥78.69 Million | — |