Zhongtai Securities Co Ltd (600918) — Cash Flow Quality Index

Latest as of September 2025: -17.53x

Zhongtai Securities Co Ltd (600918) has a Cash Flow Quality Index of -17.53x as of September 2025. Operating cash flow of CN¥-10.32 Billion is below net income of CN¥588.64 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 600918 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-17.53x
Operating CF / Net Income

Operating Cash Flow

CN¥-10.32 Billion
CNY

Net Income

CN¥588.64 Million
CNY

Data as of

Sep 2025
Most recent filing

Zhongtai Securities Co Ltd Cash Flow Quality Index (2006–2024)

Historical Cash Flow Quality Index for Zhongtai Securities Co Ltd across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Zhongtai Securities Co Ltd cash flow conversion.

Annual Cash Flow Quality Index for Zhongtai Securities Co Ltd (2006–2024)

Year-by-year earnings quality comparison for Zhongtai Securities Co Ltd.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2024 25.63x CN¥27.72 Billion CN¥1.08 Billion ▲ +7393.8%
2023 -0.35x CN¥-724.28 Million CN¥2.06 Billion ▼ -101.5%
2022 23.49x CN¥16.52 Billion CN¥703.40 Million ▲ +3207.8%
2021 0.71x CN¥2.27 Billion CN¥3.20 Billion ▼ -14.7%
2020 0.83x CN¥2.15 Billion CN¥2.58 Billion ▼ -82.9%
2019 4.86x CN¥11.14 Billion CN¥2.29 Billion ▼ -31.7%
2018 7.11x CN¥7.60 Billion CN¥1.07 Billion ▲ +146.4%
2017 -15.32x CN¥-29.04 Billion CN¥1.90 Billion ▼ -1571.3%
2016 -0.92x CN¥-2.32 Billion CN¥2.53 Billion ▼ -246.9%
2015 0.62x CN¥3.80 Billion CN¥6.09 Billion ▼ -92.4%
2014 8.24x CN¥15.52 Billion CN¥1.88 Billion ▲ +283.6%
2013 -4.49x CN¥-3.94 Billion CN¥878.49 Million ▼ -14.5%
2012 -3.92x CN¥-1.79 Billion CN¥456.39 Million ▲ +84.2%
2011 -24.76x CN¥-10.89 Billion CN¥439.86 Million ▼ -9417.1%
2010 0.27x CN¥391.82 Million CN¥1.47 Billion ▼ -95.9%
2009 6.53x CN¥15.30 Billion CN¥2.34 Billion ▲ +170.7%
2008 -9.24x CN¥-7.60 Billion CN¥822.12 Million ▼ -186.7%
2007 10.66x CN¥22.46 Billion CN¥2.11 Billion ▼ -70.3%
2006 35.87x CN¥1.50 Billion CN¥41.93 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.