Hes Technology Group (002963) — Cash Flow Quality Index
Hes Technology Group (002963) has a Cash Flow Quality Index of 9.25x as of September 2025. Operating cash flow of CN¥68.47 Million exceeds net income of CN¥7.40 Million, indicating high earnings quality where cash backs reported profits. Explore 002963 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Hes Technology Group Cash Flow Quality Index (2015–2023)
Historical Cash Flow Quality Index for Hes Technology Group across 8 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 002963 cash generation efficiency.
Annual Cash Flow Quality Index for Hes Technology Group (2015–2023)
Year-by-year earnings quality comparison for Hes Technology Group.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2023 | 7.86x | CN¥139.10 Million | CN¥17.70 Million | ▲ +57.2% |
| 2021 | 5.00x | CN¥66.41 Million | CN¥13.29 Million | ▲ +273.8% |
| 2020 | -2.88x | CN¥-122.94 Million | CN¥42.75 Million | ▼ -676.1% |
| 2019 | 0.50x | CN¥107.73 Million | CN¥215.82 Million | ▲ +75.3% |
| 2018 | 0.28x | CN¥48.65 Million | CN¥170.81 Million | ▲ +51.5% |
| 2017 | 0.19x | CN¥15.45 Million | CN¥82.23 Million | ▲ +102.9% |
| 2016 | -6.44x | CN¥-66.89 Million | CN¥10.39 Million | ▼ -970.1% |
| 2015 | 0.74x | CN¥16.22 Million | CN¥21.92 Million | — |