Hangzhou First PV Material Co Ltd Cash Flow Conversion Efficiency

Latest as of September 2025: 0.057x

Hangzhou First PV Material Co Ltd cash flow conversion efficiency. 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.

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

Cash flow conversion efficiency of Hangzhou First PV Material Co Ltd from 2009 to 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. View Hangzhou First PV Material Co Ltd stock quote for real-time trading data and today's change.

Hangzhou First PV Material Co Ltd Cash Flow Conversion Ratio Explained

Hangzhou First PV Material Co Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see market value of Hangzhou First PV Material Co Ltd for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
GEM CO. LTD SP.GDR/10 A F:3730	N/A
Warner Music Group NASDAQ:WMG	0.131x
AUTO1 Group SE F:AG1	0.289x
Mega Or TA:MGOR	0.003x
Jersey Mike's Subs Inc. NYSE:JMKE	0.018x
Ramelius Resources Ltd AU:RMS	0.233x
Vishal Mega Mart Ord Shs NSE:VMM	0.107x
Banco Macro SA B BA:BMA	0.108x

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. Review 603806 free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.

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

$4.59 Billion

CN¥31.38 Billion CNY

Market Cap Rank

#3648 Global

#460 in China

Share Price

CN¥12.03

Change (1 day)

+1.86%

52-Week Range

CN¥11.78 - CN¥20.00

All Time High

CN¥1254.69