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 001965 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see 001965 cash generation efficiency.
Annual Cash Flow Quality Index for Merchant Express Class A (2014–2024)
Year-by-year earnings quality comparison for 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 | — |