Hangzhou First PV Material Co Ltd Cash Flow Quality Index

Latest as of September 2025: 4.80x

Hangzhou First PV Material Co Ltd cash flow quality index. Hangzhou First PV Material Co Ltd (603806) has a Cash Flow Quality Index of 4.80x as of September 2025. Operating cash flow of CN¥921.00 Million exceeds net income of CN¥191.85 Million, indicating high earnings quality where cash backs reported profits. See 603806 free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.

Cash Flow Quality Index

4.80x
Operating CF / Net Income

Operating Cash Flow

CN¥921.00 Million
CNY

Net Income

CN¥191.85 Million
CNY

Data as of

Sep 2025
Most recent filing

Cash Flow Quality Index of Hangzhou First PV Material Co Ltd (2009–2024)

Cash flow quality index of Hangzhou First PV Material Co Ltd from 2009 to 2024. Historical Cash Flow Quality Index for Hangzhou First PV Material Co Ltd across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore 603806 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.

Hangzhou First PV Material Co Ltd Cash Flow Quality Index by Year (2009–2024)

Hangzhou First PV Material Co Ltd cash flow quality index by year from 2009 to 2024. Year-by-year earnings quality comparison for Hangzhou First PV Material Co Ltd. For the full cash flow conversion analysis, see how efficiently does Hangzhou First PV Material Co Ltd generate cash.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2024 3.40x CN¥4.39 Billion CN¥1.29 Billion ▲ +37472.0%
2023 -0.01x CN¥-16.84 Million CN¥1.85 Billion ▼ -155.2%
2022 0.02x CN¥26.04 Million CN¥1.58 Billion ▲ +124.6%
2021 -0.07x CN¥-147.56 Million CN¥2.20 Billion ▼ -138.6%
2020 0.17x CN¥272.34 Million CN¥1.57 Billion ▼ -61.8%
2019 0.46x CN¥434.94 Million CN¥955.04 Million ▲ +101.4%
2018 0.23x CN¥169.57 Million CN¥750.06 Million ▼ -45.5%
2017 0.42x CN¥242.96 Million CN¥585.20 Million ▲ +19.3%
2016 0.35x CN¥295.09 Million CN¥847.76 Million ▼ -45.8%
2015 0.64x CN¥415.95 Million CN¥647.29 Million ▲ +178.0%
2014 0.23x CN¥99.87 Million CN¥432.09 Million ▼ -66.2%
2013 0.68x CN¥406.97 Million CN¥595.55 Million ▲ +8.1%
2012 0.63x CN¥317.51 Million CN¥502.48 Million ▲ +41.5%
2011 0.45x CN¥272.91 Million CN¥611.06 Million ▼ -8.0%
2010 0.49x CN¥267.92 Million CN¥551.68 Million ▲ +40.8%
2009 0.34x CN¥42.67 Million CN¥123.69 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.