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 600999 days of operational coverage to measure how many days the company can operate on defensive assets alone.

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.

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
SoFi Technologies Inc. NASDAQ:SOFI	0.011x
Ulta Beauty Inc NASDAQ:ULTA	0.002x
Han'S Laser Tech A SHE:002008	-0.006x
AXIA Energia NYSE:AXIA	0.039x
Banco De Chile NYSE:BCH	-0.129x
Reliance Steel & Aluminum Co NYSE:RS	0.021x
Expeditors International of Washington, Inc. NYSE:EXPD	0.135x
Telefonica Brasil SA ADR NYSE:VIV	0.067x

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 market cap of China Merchants Securities Co Ltd.

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

$20.56 Billion

CN¥140.50 Billion CNY

Market Cap Rank

#1271 Global

#105 in China

Share Price

CN¥18.93

Change (1 day)

+2.32%

52-Week Range

CN¥15.05 - CN¥19.88

All Time High

CN¥25.07