China Merchants Securities Co Ltd (600999) — Cash Flow Quality Index
China Merchants Securities Co Ltd (600999) has a Cash Flow Quality Index of -3.10x as of September 2025. Operating cash flow of CN¥-11.41 Billion is below net income of CN¥3.69 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore China Merchants Securities Co Ltd long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
China Merchants Securities Co Ltd Cash Flow Quality Index (2004–2024)
Historical Cash Flow Quality Index for China Merchants Securities Co Ltd across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check China Merchants Securities Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for China Merchants Securities Co Ltd (2004–2024)
Year-by-year earnings quality comparison for China Merchants Securities Co Ltd. For live market cap and the full company financial profile, see market value of China Merchants Securities Co Ltd.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 5.27x | CN¥54.73 Billion | CN¥10.39 Billion | ▲ +70.4% |
| 2023 | 3.09x | CN¥27.10 Billion | CN¥8.77 Billion | ▼ -60.1% |
| 2022 | 7.74x | CN¥62.50 Billion | CN¥8.08 Billion | ▲ +319.0% |
| 2021 | -3.53x | CN¥-41.19 Billion | CN¥11.66 Billion | ▼ -242.5% |
| 2020 | -1.03x | CN¥-9.81 Billion | CN¥9.50 Billion | ▼ -175.5% |
| 2019 | 1.37x | CN¥9.99 Billion | CN¥7.31 Billion | ▼ -82.2% |
| 2018 | 7.68x | CN¥34.17 Billion | CN¥4.45 Billion | ▲ +204.8% |
| 2017 | -7.33x | CN¥-42.55 Billion | CN¥5.80 Billion | ▼ -65.9% |
| 2016 | -4.42x | CN¥-23.94 Billion | CN¥5.42 Billion | ▼ -4131.2% |
| 2015 | 0.11x | CN¥1.20 Billion | CN¥10.93 Billion | ▼ -97.8% |
| 2014 | 5.05x | CN¥19.61 Billion | CN¥3.88 Billion | ▲ +161.3% |
| 2013 | -8.23x | CN¥-18.42 Billion | CN¥2.24 Billion | ▼ -326.4% |
| 2012 | -1.93x | CN¥-3.18 Billion | CN¥1.65 Billion | ▲ +84.8% |
| 2011 | -12.73x | CN¥-25.57 Billion | CN¥2.01 Billion | ▼ -5164.5% |
| 2010 | -0.24x | CN¥-780.77 Million | CN¥3.23 Billion | ▼ -104.3% |
| 2009 | 5.63x | CN¥22.12 Billion | CN¥3.93 Billion | ▲ +132.6% |
| 2008 | -17.26x | CN¥-36.42 Billion | CN¥2.11 Billion | ▼ -249.7% |
| 2007 | 11.53x | CN¥58.37 Billion | CN¥5.06 Billion | ▲ +41.9% |
| 2006 | 8.13x | CN¥10.17 Billion | CN¥1.25 Billion | ▼ -74.3% |
| 2005 | 31.68x | CN¥1.67 Billion | CN¥52.85 Million | ▲ +185.1% |
| 2004 | -37.23x | CN¥-1.59 Billion | CN¥42.79 Million | — |