China First Heavy Industries (601106) — Cash Flow Quality Index
China First Heavy Industries (601106) has a Cash Flow Quality Index of 18.14x as of September 2025. Operating cash flow of CN¥490.58 Million exceeds net income of CN¥27.04 Million, indicating high earnings quality where cash backs reported profits. Explore 601106 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
China First Heavy Industries Cash Flow Quality Index (2008–2022)
Historical Cash Flow Quality Index for China First Heavy Industries across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 601106 cash generation efficiency.
Annual Cash Flow Quality Index for China First Heavy Industries (2008–2022)
Year-by-year earnings quality comparison for China First Heavy Industries.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2022 | -12.22x | CN¥-1.26 Billion | CN¥103.35 Million | ▼ -339.1% |
| 2021 | 5.11x | CN¥682.17 Million | CN¥133.48 Million | ▼ -2.7% |
| 2020 | 5.25x | CN¥690.49 Million | CN¥131.50 Million | ▼ -64.9% |
| 2019 | 14.94x | CN¥1.92 Billion | CN¥128.37 Million | ▲ +44.1% |
| 2018 | 10.37x | CN¥684.44 Million | CN¥66.01 Million | ▼ -20.3% |
| 2017 | 13.02x | CN¥983.43 Million | CN¥75.55 Million | ▲ +110.9% |
| 2014 | -118.94x | CN¥-2.29 Billion | CN¥19.29 Million | ▼ -210.6% |
| 2013 | 107.52x | CN¥1.48 Billion | CN¥13.81 Million | ▲ +252.2% |
| 2012 | -70.62x | CN¥-1.87 Billion | CN¥26.54 Million | ▼ -1757.4% |
| 2011 | -3.80x | CN¥-1.64 Billion | CN¥432.43 Million | ▼ -78.2% |
| 2010 | -2.13x | CN¥-1.71 Billion | CN¥800.44 Million | ▼ -43.4% |
| 2009 | -1.49x | CN¥-1.76 Billion | CN¥1.18 Billion | ▼ -30.3% |
| 2008 | -1.14x | CN¥-1.14 Billion | CN¥999.37 Million | — |