Merchant Express Class A (001965) — Free Cash Flow Generation Index
Merchant Express Class A (001965) has a Free Cash Flow Generation Index of 0.94x as of September 2025. Free cash flow of CN¥3.12 Billion represents 1% of operating cash flow (CN¥3.33 Billion). Read 001965 liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Merchant Express Class A Free Cash Flow Generation Index (2014–2024)
Historical FCF Generation Index trend for Merchant Express Class A across 11 annual periods. Explore Merchant Express Class A (001965) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Merchant Express Class A (2014–2024)
Year-by-year Free Cash Flow Generation Index for Merchant Express Class A. For the full company profile including market capitalisation, see 001965 stock market capitalisation.
| Year | FCG Index | Free Cash Flow (CNY) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.82x | CN¥5.87 Billion | CN¥7.12 Billion | CN¥1.25 Billion | ▼ -6.1% |
| 2023 | 0.88x | CN¥3.90 Billion | CN¥4.44 Billion | CN¥538.88 Million | ▲ +8.9% |
| 2022 | 0.81x | CN¥3.13 Billion | CN¥3.88 Billion | CN¥748.16 Million | ▼ -3.2% |
| 2021 | 0.83x | CN¥3.85 Billion | CN¥4.62 Billion | CN¥767.60 Million | ▲ +55.2% |
| 2020 | 0.54x | CN¥1.73 Billion | CN¥3.22 Billion | CN¥1.49 Billion | ▼ -33.4% |
| 2019 | 0.81x | CN¥3.48 Billion | CN¥4.32 Billion | CN¥835.60 Million | ▲ +1.6% |
| 2018 | 0.79x | CN¥2.92 Billion | CN¥3.68 Billion | CN¥760.39 Million | ▼ -1.6% |
| 2017 | 0.81x | CN¥2.40 Billion | CN¥2.98 Billion | CN¥577.40 Million | ▲ +10.3% |
| 2016 | 0.73x | CN¥1.69 Billion | CN¥2.31 Billion | CN¥620.20 Million | ▲ +26.0% |
| 2015 | 0.58x | CN¥908.87 Million | CN¥1.57 Billion | CN¥657.86 Million | ▲ +159.8% |
| 2014 | 0.22x | CN¥318.99 Million | CN¥1.43 Billion | CN¥1.11 Billion | — |