Shandong Donghong Pipe Ind Co (603856) — Cash Flow Quality Index
Shandong Donghong Pipe Ind Co (603856) has a Cash Flow Quality Index of 0.81x as of September 2025. Operating cash flow of CN¥58.10 Million is below net income of CN¥72.13 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 603856 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Shandong Donghong Pipe Ind Co Cash Flow Quality Index (2012–2024)
Historical Cash Flow Quality Index for Shandong Donghong Pipe Ind Co across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Shandong Donghong Pipe Ind Co generate cash.
Annual Cash Flow Quality Index for Shandong Donghong Pipe Ind Co (2012–2024)
Year-by-year earnings quality comparison for Shandong Donghong Pipe Ind Co.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 0.56x | CN¥94.46 Million | CN¥169.24 Million | ▼ -51.5% |
| 2023 | 1.15x | CN¥191.76 Million | CN¥166.78 Million | ▲ +878.7% |
| 2022 | 0.12x | CN¥17.57 Million | CN¥149.53 Million | ▲ +107.8% |
| 2021 | -1.51x | CN¥-200.95 Million | CN¥133.04 Million | ▼ -1675.5% |
| 2020 | -0.09x | CN¥-27.10 Million | CN¥318.50 Million | ▼ -116.8% |
| 2019 | 0.51x | CN¥101.75 Million | CN¥201.39 Million | ▲ +13.5% |
| 2018 | 0.45x | CN¥68.79 Million | CN¥154.49 Million | ▲ +135.9% |
| 2017 | -1.24x | CN¥-150.67 Million | CN¥121.54 Million | ▼ -174.0% |
| 2016 | 1.67x | CN¥162.97 Million | CN¥97.35 Million | ▲ +51.2% |
| 2015 | 1.11x | CN¥110.85 Million | CN¥100.11 Million | ▲ +634.9% |
| 2014 | -0.21x | CN¥-18.13 Million | CN¥87.57 Million | ▼ -402.2% |
| 2013 | 0.07x | CN¥9.56 Million | CN¥139.62 Million | ▲ +103.4% |
| 2012 | -2.04x | CN¥-208.22 Million | CN¥102.28 Million | — |