Shanghai Smith Adhesive New (603683) — Cash Flow Quality Index
Shanghai Smith Adhesive New (603683) has a Cash Flow Quality Index of 1.53x as of September 2025. Operating cash flow of CN¥40.43 Million exceeds net income of CN¥26.40 Million, indicating high earnings quality where cash backs reported profits. Explore Shanghai Smith Adhesive New 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
Shanghai Smith Adhesive New Cash Flow Quality Index (2012–2025)
Historical Cash Flow Quality Index for Shanghai Smith Adhesive New across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Shanghai Smith Adhesive New (603683) cash flow conversion.
Annual Cash Flow Quality Index for Shanghai Smith Adhesive New (2012–2025)
Year-by-year earnings quality comparison for Shanghai Smith Adhesive New.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.24x | CN¥199.84 Million | CN¥89.32 Million | ▼ -44.2% |
| 2024 | 4.01x | CN¥276.20 Million | CN¥68.84 Million | ▲ +83.2% |
| 2023 | 2.19x | CN¥147.83 Million | CN¥67.50 Million | ▼ -68.4% |
| 2022 | 6.93x | CN¥191.64 Million | CN¥27.67 Million | ▲ +78.5% |
| 2021 | 3.88x | CN¥126.19 Million | CN¥32.53 Million | ▲ +662.2% |
| 2020 | 0.51x | CN¥77.76 Million | CN¥152.78 Million | ▼ -98.0% |
| 2019 | 25.83x | CN¥88.24 Million | CN¥3.42 Million | ▲ +7178.1% |
| 2018 | -0.36x | CN¥-9.26 Million | CN¥25.36 Million | ▼ -139.3% |
| 2017 | 0.93x | CN¥40.33 Million | CN¥43.39 Million | ▲ +17.4% |
| 2016 | 0.79x | CN¥41.57 Million | CN¥52.51 Million | ▼ -50.6% |
| 2015 | 1.60x | CN¥75.23 Million | CN¥46.95 Million | ▲ +29.8% |
| 2014 | 1.23x | CN¥73.54 Million | CN¥59.56 Million | ▼ -3.7% |
| 2013 | 1.28x | CN¥68.23 Million | CN¥53.22 Million | ▼ -3.8% |
| 2012 | 1.33x | CN¥49.20 Million | CN¥36.89 Million | — |