China Merchants Securities Co Ltd Cash Flow Quality Index
China Merchants Securities Co Ltd 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. See 600999 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of China Merchants Securities Co Ltd (2004–2024)
Cash flow quality index of China Merchants Securities Co Ltd from 2004 to 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. Explore cash flow to debt ratio of China Merchants Securities Co Ltd to assess how comfortably operating cash covers total debt obligations.
China Merchants Securities Co Ltd Cash Flow Quality Index by Year (2004–2024)
China Merchants Securities Co Ltd cash flow quality index by year from 2004 to 2024. Year-by-year earnings quality comparison for China Merchants Securities Co Ltd. For the full cash flow conversion analysis, see 600999 cash generation efficiency.
| 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 | — |