Guangdong Songfa Ceramics Co (603268) — Cash Flow Quality Index
Guangdong Songfa Ceramics Co (603268) has a Cash Flow Quality Index of -0.46x as of December 2025. Operating cash flow of CN¥-635.18 Million is below net income of CN¥1.38 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore 603268 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Guangdong Songfa Ceramics Co Cash Flow Quality Index (2011–2025)
Historical Cash Flow Quality Index for Guangdong Songfa Ceramics Co across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Guangdong Songfa Ceramics Co (603268) cash flow conversion.
Annual Cash Flow Quality Index for Guangdong Songfa Ceramics Co (2011–2025)
Year-by-year earnings quality comparison for Guangdong Songfa Ceramics Co.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -0.55x | CN¥-1.46 Billion | CN¥2.65 Billion | ▼ -101.4% |
| 2020 | 40.41x | CN¥65.45 Million | CN¥1.62 Million | ▲ +1357.6% |
| 2019 | 2.77x | CN¥78.76 Million | CN¥28.41 Million | ▲ +139.0% |
| 2018 | 1.16x | CN¥43.65 Million | CN¥37.63 Million | ▼ -18.7% |
| 2017 | 1.43x | CN¥65.24 Million | CN¥45.75 Million | ▼ -24.5% |
| 2016 | 1.89x | CN¥73.89 Million | CN¥39.11 Million | ▲ +1556.9% |
| 2015 | 0.11x | CN¥4.21 Million | CN¥36.89 Million | ▼ -88.1% |
| 2014 | 0.96x | CN¥46.71 Million | CN¥48.68 Million | ▼ -6.7% |
| 2013 | 1.03x | CN¥44.14 Million | CN¥42.92 Million | ▲ +114.6% |
| 2012 | 0.48x | CN¥22.14 Million | CN¥46.19 Million | ▼ -69.9% |
| 2011 | 1.59x | CN¥70.40 Million | CN¥44.16 Million | — |