Shenzhen Newway Photomask Making Co. Ltd. A (688401) — Cash Flow Quality Index
Shenzhen Newway Photomask Making Co. Ltd. A (688401) has a Cash Flow Quality Index of 1.40x as of December 2025. Operating cash flow of CN¥353.78 Million exceeds net income of CN¥251.98 Million, indicating high earnings quality where cash backs reported profits. Explore 688401 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
Shenzhen Newway Photomask Making Co. Ltd. A Cash Flow Quality Index (2020–2025)
Historical Cash Flow Quality Index for Shenzhen Newway Photomask Making Co. Ltd. A across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Shenzhen Newway Photomask Making Co. Ltd generate cash.
Annual Cash Flow Quality Index for Shenzhen Newway Photomask Making Co. Ltd. A (2020–2025)
Year-by-year earnings quality comparison for Shenzhen Newway Photomask Making Co. Ltd. A.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.40x | CN¥353.78 Million | CN¥251.98 Million | ▲ +0.4% |
| 2024 | 1.40x | CN¥266.95 Million | CN¥190.86 Million | ▲ +27.1% |
| 2023 | 1.10x | CN¥166.69 Million | CN¥151.52 Million | ▼ -55.6% |
| 2022 | 2.48x | CN¥298.56 Million | CN¥120.47 Million | ▲ +158.6% |
| 2021 | 0.96x | CN¥134.46 Million | CN¥140.32 Million | ▼ -72.4% |
| 2020 | 3.47x | CN¥112.66 Million | CN¥32.46 Million | — |