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 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see 688191 cash generation efficiency.
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.
| 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 | — |