China Merchants Securities Co. Ltd (195H) — Cash Flow Quality Index
China Merchants Securities Co. Ltd (195H) has a Cash Flow Quality Index of 6.02x as of March 2026. Operating cash flow of €19.69 Billion exceeds net income of €3.27 Billion, indicating high earnings quality where cash backs reported profits. Explore China Merchants Securities Co. Ltd operating cash flow efficiency to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
China Merchants Securities Co. Ltd Cash Flow Quality Index (2017–2025)
Historical Cash Flow Quality Index for China Merchants Securities Co. Ltd across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check 195H capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for China Merchants Securities Co. Ltd (2017–2025)
Year-by-year earnings quality comparison for China Merchants Securities Co. Ltd. For live market cap and the full company financial profile, see 195H stock market capitalisation.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -2.54x | €-31.37 Billion | €12.35 Billion | ▼ -148.2% |
| 2024 | 5.27x | €54.73 Billion | €10.39 Billion | ▼ -7.2% |
| 2023 | 5.68x | €49.65 Billion | €8.74 Billion | ▼ -26.7% |
| 2022 | 7.74x | €62.50 Billion | €8.07 Billion | ▲ +318.3% |
| 2021 | -3.55x | €-41.19 Billion | €11.61 Billion | ▼ -243.4% |
| 2020 | -1.03x | €-9.81 Billion | €9.49 Billion | ▼ -175.3% |
| 2019 | 1.37x | €9.99 Billion | €7.28 Billion | ▼ -82.2% |
| 2018 | 7.72x | €34.17 Billion | €4.42 Billion | ▲ +205.0% |
| 2017 | -7.35x | €-42.55 Billion | €5.79 Billion | — |