Changzheng Engineering Co Ltd (603698) — Cash Flow Quality Index

Latest as of September 2025: -6.18x

Changzheng Engineering Co Ltd (603698) has a Cash Flow Quality Index of -6.18x as of September 2025. Operating cash flow of CN¥-232.55 Million is below net income of CN¥37.62 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 603698 operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-6.18x
Operating CF / Net Income

Operating Cash Flow

CN¥-232.55 Million
CNY

Net Income

CN¥37.62 Million
CNY

Data as of

Sep 2025
Most recent filing

Changzheng Engineering Co Ltd Cash Flow Quality Index (2011–2025)

Historical Cash Flow Quality Index for Changzheng Engineering Co Ltd across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 603698 cash generation efficiency.

Annual Cash Flow Quality Index for Changzheng Engineering Co Ltd (2011–2025)

Year-by-year earnings quality comparison for Changzheng Engineering Co Ltd.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2025 -0.61x CN¥-132.86 Million CN¥216.51 Million ▼ -122.8%
2024 2.70x CN¥614.02 Million CN¥227.83 Million ▲ +34.7%
2023 2.00x CN¥374.48 Million CN¥187.16 Million ▼ -22.4%
2022 2.58x CN¥431.05 Million CN¥167.10 Million ▲ +34.3%
2021 1.92x CN¥298.64 Million CN¥155.50 Million ▲ +22.8%
2020 1.56x CN¥280.50 Million CN¥179.33 Million ▲ +1402.6%
2019 -0.12x CN¥-18.65 Million CN¥155.31 Million ▼ -151.2%
2018 0.23x CN¥53.19 Million CN¥226.74 Million ▼ -93.8%
2017 3.79x CN¥729.88 Million CN¥192.49 Million ▲ +394.8%
2016 -1.29x CN¥-210.77 Million CN¥163.86 Million ▼ -2.2%
2015 -1.26x CN¥-372.36 Million CN¥295.96 Million ▼ -172.7%
2014 1.73x CN¥487.63 Million CN¥281.58 Million ▲ +77.2%
2013 0.98x CN¥223.11 Million CN¥228.34 Million ▼ -39.2%
2012 1.61x CN¥311.79 Million CN¥194.05 Million ▲ +218.9%
2011 0.50x CN¥75.17 Million CN¥149.21 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.