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 (603806) net asset quality to measure how much of total assets are equity-financed.

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. Check 603806 cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

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
Casella Waste Systems Inc NASDAQ:CWST	0.040x
H&R Block Inc NYSE:HRB	0.648x
Bank of Changsha Co Ltd SHG:601577	1.054x
Qilu Bank Co Ltd SHG:601665	0.172x
Shanghai 2345 Network Holding Group SHE:002195	0.028x
Randstad NV AS:RAND	0.041x
AB Sagax (publ) ST:SAGA-B	0.013x
MEG Energy Corp TO:MEG	0.029x

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

$5.70 Billion

CN¥38.97 Billion CNY

Market Cap Rank

#3252 Global

#418 in China

Share Price

CN¥14.94

Change (1 day)

+1.84%

52-Week Range

CN¥13.17 - CN¥20.00

All Time High

CN¥1254.69