Shanghai M&G Stationery Inc (603899) — Cash Flow Quality Index
Shanghai M&G Stationery Inc (603899) has a Cash Flow Quality Index of 1.93x as of September 2025. Operating cash flow of CN¥755.55 Million exceeds net income of CN¥391.12 Million, indicating high earnings quality where cash backs reported profits. Explore 603899 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Shanghai M&G Stationery Inc Cash Flow Quality Index (2011–2025)
Historical Cash Flow Quality Index for Shanghai M&G Stationery Inc across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 603899 cash generation efficiency.
Annual Cash Flow Quality Index for Shanghai M&G Stationery Inc (2011–2025)
Year-by-year earnings quality comparison for Shanghai M&G Stationery Inc.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.74x | CN¥2.28 Billion | CN¥1.31 Billion | ▲ +10.7% |
| 2024 | 1.57x | CN¥2.29 Billion | CN¥1.45 Billion | ▼ -8.2% |
| 2023 | 1.71x | CN¥2.62 Billion | CN¥1.53 Billion | ▲ +71.8% |
| 2022 | 1.00x | CN¥1.35 Billion | CN¥1.36 Billion | ▼ -2.0% |
| 2021 | 1.02x | CN¥1.56 Billion | CN¥1.53 Billion | ▼ -0.9% |
| 2020 | 1.03x | CN¥1.27 Billion | CN¥1.24 Billion | ▲ +2.1% |
| 2019 | 1.01x | CN¥1.08 Billion | CN¥1.08 Billion | ▼ -1.9% |
| 2018 | 1.02x | CN¥827.94 Million | CN¥807.84 Million | ▼ -10.4% |
| 2017 | 1.14x | CN¥717.50 Million | CN¥627.16 Million | ▼ -19.2% |
| 2016 | 1.42x | CN¥681.59 Million | CN¥481.26 Million | ▲ +15.9% |
| 2015 | 1.22x | CN¥497.27 Million | CN¥407.05 Million | ▲ +17.5% |
| 2014 | 1.04x | CN¥342.51 Million | CN¥329.39 Million | ▲ +33.1% |
| 2013 | 0.78x | CN¥218.97 Million | CN¥280.34 Million | ▼ -36.0% |
| 2012 | 1.22x | CN¥275.21 Million | CN¥225.48 Million | ▲ +193.7% |
| 2011 | 0.42x | CN¥53.58 Million | CN¥128.94 Million | — |