China Merchants Securities Co Ltd (600999) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.097x

Based on the latest financial reports, China Merchants Securities Co Ltd (600999) has a cash flow conversion efficiency ratio of -0.097x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CN¥-11.41 Billion ≈ $-1.67 Billion USD) by net assets (CN¥117.71 Billion ≈ $17.23 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See net asset quality index of China Merchants Securities Co Ltd to measure how much of total assets are equity-financed.

China Merchants Securities Co Ltd - Cash Flow Conversion Efficiency Trend (2004–2024)

This chart illustrates how China Merchants Securities Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of China Merchants Securities Co Ltd to evaluate the quality of earnings relative to operating cash generation.

China Merchants Securities Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of China Merchants Securities Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Brookfield Infrastructure Partners LP NYSE:BIP	0.026x
Hua Nan Financial Holdings Co Ltd TW:2880	0.071x
Hyundai Motor India Ltd NSE:HYUNDAI	0.045x
MACOM Technology Solutions Holdings Inc NASDAQ:MTSI	0.055x
ACM Research Shanghai Inc SHG:688082	0.006x
EDP-ENERG.PORTUG. ADR/10 F:EDPA	0.069x
NN GROUP NV UNSP.ADR/1 F:2NN0	N/A
SAIC Motor Corp Ltd SHG:600104	0.041x

Annual Cash Flow Conversion Efficiency for China Merchants Securities Co Ltd (2004–2024)

The table below shows the annual cash flow conversion efficiency of China Merchants Securities Co Ltd from 2004 to 2024. For the full company profile with market capitalisation and key ratios, see China Merchants Securities Co Ltd stock valuation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥130.25 Billion ≈ $19.06 Billion	CN¥54.73 Billion ≈ $8.01 Billion	0.420x	+89.18%
2023-12-31	CN¥122.04 Billion ≈ $17.86 Billion	CN¥27.10 Billion ≈ $3.97 Billion	0.222x	-59.05%
2022-12-31	CN¥115.26 Billion ≈ $16.87 Billion	CN¥62.50 Billion ≈ $9.15 Billion	0.542x	+248.22%
2021-12-31	CN¥112.59 Billion ≈ $16.48 Billion	CN¥-41.19 Billion ≈ $-6.03 Billion	-0.366x	-294.86%
2020-12-31	CN¥105.82 Billion ≈ $15.49 Billion	CN¥-9.81 Billion ≈ $-1.43 Billion	-0.093x	-178.97%
2019-12-31	CN¥85.13 Billion ≈ $12.46 Billion	CN¥9.99 Billion ≈ $1.46 Billion	0.117x	-72.28%
2018-12-31	CN¥80.72 Billion ≈ $11.81 Billion	CN¥34.17 Billion ≈ $5.00 Billion	0.423x	+178.91%
2017-12-31	CN¥79.33 Billion ≈ $11.61 Billion	CN¥-42.55 Billion ≈ $-6.23 Billion	-0.536x	-34.22%
2016-12-31	CN¥59.92 Billion ≈ $8.77 Billion	CN¥-23.94 Billion ≈ $-3.50 Billion	-0.400x	-1715.27%
2015-12-31	CN¥48.43 Billion ≈ $7.09 Billion	CN¥1.20 Billion ≈ $175.34 Million	0.025x	-94.75%
2014-12-31	CN¥41.60 Billion ≈ $6.09 Billion	CN¥19.61 Billion ≈ $2.87 Billion	0.471x	+169.58%
2013-12-31	CN¥27.18 Billion ≈ $3.98 Billion	CN¥-18.42 Billion ≈ $-2.70 Billion	-0.678x	-449.43%
2012-12-31	CN¥25.77 Billion ≈ $3.77 Billion	CN¥-3.18 Billion ≈ $-464.95 Million	-0.123x	+88.10%
2011-12-31	CN¥24.67 Billion ≈ $3.61 Billion	CN¥-25.57 Billion ≈ $-3.74 Billion	-1.036x	-3082.43%
2010-12-31	CN¥23.98 Billion ≈ $3.51 Billion	CN¥-780.77 Million ≈ $-114.25 Million	-0.033x	-103.33%
2009-12-31	CN¥22.62 Billion ≈ $3.31 Billion	CN¥22.12 Billion ≈ $3.24 Billion	0.978x	+121.85%
2008-12-31	CN¥8.14 Billion ≈ $1.19 Billion	CN¥-36.42 Billion ≈ $-5.33 Billion	-4.476x	-158.09%
2007-12-31	CN¥7.58 Billion ≈ $1.11 Billion	CN¥58.37 Billion ≈ $8.54 Billion	7.705x	+215.52%
2006-12-31	CN¥4.17 Billion ≈ $609.64 Million	CN¥10.17 Billion ≈ $1.49 Billion	2.442x	+151.91%
2005-12-31	CN¥1.73 Billion ≈ $252.70 Million	CN¥1.67 Billion ≈ $244.97 Million	0.969x	+203.19%
2004-12-31	CN¥1.70 Billion ≈ $248.11 Million	CN¥-1.59 Billion ≈ $-233.08 Million	-0.939x	--

About China Merchants Securities Co Ltd

SHG:600999 China Capital Markets

Market Cap

$19.10 Billion

CN¥130.55 Billion CNY

Market Cap Rank

#1324 Global

#106 in China

Share Price

CN¥17.59

Change (1 day)

+0.17%

52-Week Range

CN¥15.05 - CN¥22.94

All Time High

CN¥25.07