Shanghai Zhenhua Heavy Industries Co Ltd A (600320) — Cash Flow Quality Index
Shanghai Zhenhua Heavy Industries Co Ltd A (600320) has a Cash Flow Quality Index of -3.57x as of September 2025. Operating cash flow of CN¥-639.70 Million is below net income of CN¥179.44 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 600320 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
Shanghai Zhenhua Heavy Industries Co Ltd A Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Shanghai Zhenhua Heavy Industries Co Ltd A across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Shanghai Zhenhua Heavy Industries Co Ltd generate cash.
Annual Cash Flow Quality Index for Shanghai Zhenhua Heavy Industries Co Ltd A (1998–2025)
Year-by-year earnings quality comparison for Shanghai Zhenhua Heavy Industries Co Ltd A.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 8.54x | CN¥6.25 Billion | CN¥731.84 Million | ▲ +26.2% |
| 2024 | 6.76x | CN¥5.28 Billion | CN¥779.94 Million | ▼ -32.2% |
| 2023 | 9.97x | CN¥5.18 Billion | CN¥519.98 Million | ▲ +131.9% |
| 2022 | 4.30x | CN¥2.57 Billion | CN¥597.56 Million | ▲ +7.1% |
| 2021 | 4.01x | CN¥2.12 Billion | CN¥528.35 Million | ▲ +103.7% |
| 2020 | 1.97x | CN¥819.39 Million | CN¥416.14 Million | ▼ -24.1% |
| 2019 | 2.60x | CN¥1.29 Billion | CN¥497.12 Million | ▲ +84.5% |
| 2018 | 1.41x | CN¥553.94 Million | CN¥393.84 Million | ▼ -65.2% |
| 2017 | 4.04x | CN¥1.33 Billion | CN¥329.44 Million | ▼ -25.1% |
| 2016 | 5.40x | CN¥1.66 Billion | CN¥307.34 Million | ▲ +157.2% |
| 2015 | -9.43x | CN¥-1.83 Billion | CN¥194.21 Million | ▼ -59.9% |
| 2014 | -5.90x | CN¥-873.38 Million | CN¥148.05 Million | ▼ -184.2% |
| 2013 | 7.00x | CN¥939.18 Million | CN¥134.08 Million | ▼ -86.5% |
| 2011 | 52.00x | CN¥1.54 Billion | CN¥29.65 Million | ▲ +7261.9% |
| 2009 | 0.71x | CN¥550.28 Million | CN¥779.14 Million | ▲ +144.6% |
| 2008 | -1.58x | CN¥-4.08 Billion | CN¥2.57 Billion | ▼ -681.3% |
| 2007 | 0.27x | CN¥548.21 Million | CN¥2.01 Billion | ▼ -51.1% |
| 2006 | 0.56x | CN¥899.52 Million | CN¥1.61 Billion | ▲ +246.4% |
| 2005 | -0.38x | CN¥-464.43 Million | CN¥1.22 Billion | ▼ -216.5% |
| 2004 | 0.33x | CN¥149.27 Million | CN¥456.93 Million | ▲ +173.3% |
| 2003 | -0.45x | CN¥-123.82 Million | CN¥277.70 Million | ▲ +59.6% |
| 2002 | -1.10x | CN¥-151.32 Million | CN¥137.02 Million | ▼ -4.6% |
| 2001 | -1.06x | CN¥-202.32 Million | CN¥191.54 Million | ▲ +73.9% |
| 2000 | -4.05x | CN¥-503.16 Million | CN¥124.25 Million | ▼ -284.4% |
| 1999 | -1.05x | CN¥-95.05 Million | CN¥90.23 Million | ▼ -136.2% |
| 1998 | 2.91x | CN¥253.11 Million | CN¥86.89 Million | — |