Merchant Express Class A (001965) — Cash Flow Quality Index
Merchant Express Class A (001965) has a Cash Flow Quality Index of 2.21x as of September 2025. Operating cash flow of CN¥3.33 Billion exceeds net income of CN¥1.51 Billion, indicating high earnings quality where cash backs reported profits. Explore Merchant Express Class A (001965) investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Merchant Express Class A Cash Flow Quality Index (2014–2024)
Historical Cash Flow Quality Index for Merchant Express Class A across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Merchant Express Class A (001965) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Merchant Express Class A (2014–2024)
Year-by-year earnings quality comparison for Merchant Express Class A. For live market cap and the full company financial profile, see market value of Merchant Express Class A.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.34x | CN¥7.12 Billion | CN¥5.32 Billion | ▲ +104.0% |
| 2023 | 0.66x | CN¥4.44 Billion | CN¥6.77 Billion | ▼ -17.8% |
| 2022 | 0.80x | CN¥3.88 Billion | CN¥4.86 Billion | ▼ -14.1% |
| 2021 | 0.93x | CN¥4.62 Billion | CN¥4.97 Billion | ▼ -35.9% |
| 2020 | 1.45x | CN¥3.22 Billion | CN¥2.22 Billion | ▲ +45.7% |
| 2019 | 0.99x | CN¥4.32 Billion | CN¥4.35 Billion | ▲ +5.4% |
| 2018 | 0.94x | CN¥3.68 Billion | CN¥3.91 Billion | ▲ +6.5% |
| 2017 | 0.88x | CN¥2.98 Billion | CN¥3.37 Billion | ▲ +12.7% |
| 2016 | 0.78x | CN¥2.31 Billion | CN¥2.94 Billion | ▲ +55.1% |
| 2015 | 0.51x | CN¥1.57 Billion | CN¥3.10 Billion | ▼ -12.8% |
| 2014 | 0.58x | CN¥1.43 Billion | CN¥2.46 Billion | — |