Hangzhou First PV Material Co Ltd (603806) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.057x

Based on the latest financial reports, Hangzhou First PV Material Co Ltd (603806) has a cash flow conversion efficiency ratio of 0.057x 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¥921.00 Million ≈ $134.77 Million USD) by net assets (CN¥16.08 Billion ≈ $2.35 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 Hangzhou First PV Material Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Hangzhou First PV Material Co Ltd - Cash Flow Conversion Efficiency Trend (2009–2024)

This chart illustrates how Hangzhou First PV Material Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Hangzhou First PV Material Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Hangzhou First PV Material Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Vibra Energia S.A. SA:VBBR3	0.136x
IOI Corporation Bhd KLSE:1961	0.028x
AU Optronics TW:2409	0.018x
NOV Inc. NYSE:NOV	-0.004x
Engie Brasil Energia S.A F:7TE1	0.086x
Cngr Advanced Material Co Ltd SHE:300919	0.021x
Hui Lyu Ecological Technology Groups Co Ltd SHE:001267	-0.026x
Fertilizers and Chemicals Travancore Limited NSE:FACT	-0.103x

Annual Cash Flow Conversion Efficiency for Hangzhou First PV Material Co Ltd (2009–2024)

The table below shows the annual cash flow conversion efficiency of Hangzhou First PV Material Co Ltd from 2009 to 2024. For the full company profile with market capitalisation and key ratios, see Hangzhou First PV Material Co Ltd market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥16.62 Billion ≈ $2.43 Billion	CN¥4.39 Billion ≈ $642.21 Million	0.264x	+24872.63%
2023-12-31	CN¥15.80 Billion ≈ $2.31 Billion	CN¥-16.84 Million ≈ $-2.46 Million	-0.001x	-157.36%
2022-12-31	CN¥14.01 Billion ≈ $2.05 Billion	CN¥26.04 Million ≈ $3.81 Million	0.002x	+115.35%
2021-12-31	CN¥12.19 Billion ≈ $1.78 Billion	CN¥-147.56 Million ≈ $-21.59 Million	-0.012x	-140.13%
2020-12-31	CN¥9.03 Billion ≈ $1.32 Billion	CN¥272.34 Million ≈ $39.85 Million	0.030x	-54.72%
2019-12-31	CN¥6.53 Billion ≈ $955.43 Million	CN¥434.94 Million ≈ $63.65 Million	0.067x	+118.25%
2018-12-31	CN¥5.56 Billion ≈ $812.98 Million	CN¥169.57 Million ≈ $24.81 Million	0.031x	-36.82%
2017-12-31	CN¥5.03 Billion ≈ $735.88 Million	CN¥242.96 Million ≈ $35.55 Million	0.048x	-20.73%
2016-12-31	CN¥4.84 Billion ≈ $708.46 Million	CN¥295.09 Million ≈ $43.18 Million	0.061x	-37.45%
2015-12-31	CN¥4.27 Billion ≈ $624.62 Million	CN¥415.95 Million ≈ $60.87 Million	0.097x	+270.97%
2014-12-31	CN¥3.80 Billion ≈ $556.37 Million	CN¥99.87 Million ≈ $14.61 Million	0.026x	-87.73%
2013-12-31	CN¥1.90 Billion ≈ $278.19 Million	CN¥406.97 Million ≈ $59.55 Million	0.214x	+21.46%
2012-12-31	CN¥1.80 Billion ≈ $263.61 Million	CN¥317.51 Million ≈ $46.46 Million	0.176x	-16.11%
2011-12-31	CN¥1.30 Billion ≈ $190.08 Million	CN¥272.91 Million ≈ $39.94 Million	0.210x	-42.53%
2010-12-31	CN¥732.90 Million ≈ $107.25 Million	CN¥267.92 Million ≈ $39.21 Million	0.366x	+55.27%
2009-12-31	CN¥181.21 Million ≈ $26.52 Million	CN¥42.67 Million ≈ $6.24 Million	0.235x	--

About Hangzhou First PV Material Co Ltd

SHG:603806 China Semiconductor Equipment & Materials

Market Cap

$6.69 Billion

CN¥45.71 Billion CNY

Market Cap Rank

#3003 Global

#401 in China

Share Price

CN¥17.52

Change (1 day)

+1.04%

52-Week Range

CN¥12.62 - CN¥20.00

All Time High

CN¥1254.69