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 operating cash flow efficiency to assess how effectively this company generates cash.
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 cash flow reinvestment rate of China Merchants Securities Co Ltd to assess the company's total reinvestment commitment from operating cash flow.
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 600999 stock market capitalisation.
| 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 | — |