Zhiyang Innovation Technology Co. Ltd. A (688191) — Cash Flow Quality Index
Zhiyang Innovation Technology Co. Ltd. A (688191) has a Cash Flow Quality Index of -0.86x as of September 2025. Operating cash flow of CN¥-23.17 Million is below net income of CN¥26.86 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Zhiyang Innovation Technology Co. Ltd. A (688191) cash conversion ratio to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Zhiyang Innovation Technology Co. Ltd. A Cash Flow Quality Index (2012–2024)
Historical Cash Flow Quality Index for Zhiyang Innovation Technology Co. Ltd. A across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check 688191 capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Zhiyang Innovation Technology Co. Ltd. A (2012–2024)
Year-by-year earnings quality comparison for Zhiyang Innovation Technology Co. Ltd. A. For live market cap and the full company financial profile, see Zhiyang Innovation Technology Co. Ltd. A market cap and net worth.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.45x | CN¥73.16 Million | CN¥50.61 Million | ▼ -46.3% |
| 2023 | 2.69x | CN¥110.04 Million | CN¥40.90 Million | ▲ +171.6% |
| 2022 | 0.99x | CN¥27.46 Million | CN¥27.72 Million | ▲ +237.5% |
| 2021 | -0.72x | CN¥-50.76 Million | CN¥70.47 Million | ▼ -225.4% |
| 2020 | 0.57x | CN¥52.93 Million | CN¥92.18 Million | ▲ +42.4% |
| 2019 | 0.40x | CN¥34.39 Million | CN¥85.28 Million | ▲ +440.2% |
| 2018 | 0.07x | CN¥2.98 Million | CN¥39.97 Million | ▼ -90.2% |
| 2017 | 0.76x | CN¥21.66 Million | CN¥28.43 Million | ▲ +180.3% |
| 2014 | -0.95x | CN¥-7.13 Million | CN¥7.51 Million | ▼ -156.7% |
| 2013 | 1.67x | CN¥2.00 Million | CN¥1.20 Million | ▼ -34.3% |
| 2012 | 2.55x | CN¥1.34 Million | CN¥526.58K | — |