Shenzhen Expressway Co Ltd (600548) — Cash Flow Quality Index
Shenzhen Expressway Co Ltd (600548) has a Cash Flow Quality Index of 3.69x as of September 2025. Operating cash flow of CN¥1.88 Billion exceeds net income of CN¥510.40 Million, indicating high earnings quality where cash backs reported profits. Explore 600548 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
Shenzhen Expressway Co Ltd Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Shenzhen Expressway Co Ltd across 28 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 600548 cash flow metrics.
Annual Cash Flow Quality Index for Shenzhen Expressway Co Ltd (1998–2025)
Year-by-year earnings quality comparison for Shenzhen Expressway Co Ltd.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 4.65x | CN¥5.34 Billion | CN¥1.15 Billion | ▲ +52.2% |
| 2024 | 3.05x | CN¥3.72 Billion | CN¥1.22 Billion | ▲ +73.4% |
| 2023 | 1.76x | CN¥4.09 Billion | CN¥2.33 Billion | ▲ +2.0% |
| 2022 | 1.73x | CN¥3.37 Billion | CN¥1.95 Billion | ▲ +18.5% |
| 2021 | 1.46x | CN¥3.94 Billion | CN¥2.71 Billion | ▲ +195.8% |
| 2020 | 0.49x | CN¥1.10 Billion | CN¥2.24 Billion | ▼ -28.7% |
| 2019 | 0.69x | CN¥1.75 Billion | CN¥2.54 Billion | ▼ -23.3% |
| 2018 | 0.90x | CN¥3.22 Billion | CN¥3.58 Billion | ▼ -47.7% |
| 2017 | 1.72x | CN¥2.66 Billion | CN¥1.55 Billion | ▲ +6.5% |
| 2016 | 1.62x | CN¥2.13 Billion | CN¥1.32 Billion | ▲ +36.3% |
| 2015 | 1.18x | CN¥1.77 Billion | CN¥1.50 Billion | ▲ +50.0% |
| 2014 | 0.79x | CN¥1.79 Billion | CN¥2.27 Billion | ▼ -66.3% |
| 2013 | 2.35x | CN¥1.76 Billion | CN¥750.76 Million | ▲ +11.4% |
| 2012 | 2.11x | CN¥1.53 Billion | CN¥726.58 Million | ▲ +28.4% |
| 2011 | 1.64x | CN¥1.51 Billion | CN¥919.54 Million | ▼ -28.0% |
| 2010 | 2.28x | CN¥1.62 Billion | CN¥710.07 Million | ▲ +53.4% |
| 2009 | 1.48x | CN¥779.94 Million | CN¥525.33 Million | ▼ -22.4% |
| 2008 | 1.91x | CN¥945.87 Million | CN¥494.53 Million | ▲ +57.2% |
| 2007 | 1.22x | CN¥811.72 Million | CN¥667.18 Million | ▼ -30.9% |
| 2006 | 1.76x | CN¥1.00 Billion | CN¥570.93 Million | ▲ +35.0% |
| 2005 | 1.30x | CN¥645.10 Million | CN¥494.63 Million | ▲ +25.6% |
| 2004 | 1.04x | CN¥511.54 Million | CN¥492.75 Million | ▲ +106.6% |
| 2003 | 0.50x | CN¥431.49 Million | CN¥858.71 Million | ▼ -59.3% |
| 2002 | 1.23x | CN¥441.20 Million | CN¥357.42 Million | ▼ -13.1% |
| 2001 | 1.42x | CN¥575.22 Million | CN¥405.16 Million | ▲ +12.3% |
| 2000 | 1.26x | CN¥431.48 Million | CN¥341.43 Million | ▲ +12.4% |
| 1999 | 1.12x | CN¥383.61 Million | CN¥341.12 Million | ▲ +11.0% |
| 1998 | 1.01x | CN¥330.30 Million | CN¥325.96 Million | — |