Zhejiang Zheneng Electric Power Co., Ltd. (SHA:600023)

China · Delayed Price · Currency is CNY

5.12

+0.04 (0.79%)

Sep 16, 2026, 3:00 PM CST

SHA:600023 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	76,661	79,554	88,008	95,975	80,195	71,076
Revenue Growth	-7.99%	-9.61%	-8.30%	19.68%	12.83%	37.52%
Net Income	5,519	7,528	7,760	6,520	-1,827	-836.73
Earnings Per Share	0.41	0.56	0.58	0.49	-0.14	-0.06
EPS Growth	-25.74%	-3.45%	18.37%	-	-	-

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Offset of Business Segment	-1,837
Photovoltaic Products	4,449
Electricity and Heating	76,941
Total	79,554

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	16,252	14,826	16,377	19,364	13,123	11,148
Total Debt	48,793	49,253	48,358	49,381	40,426	31,259
Net Cash (Debt)	-32,541	-34,427	-31,981	-30,017	-27,302	-20,110
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.41	-2.56	-2.39	-2.26	-2.09	-1.44

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	9,981	11,454	13,709	11,477	224.07	845.66
Capital Expenditures	-7,528	-7,220	-9,681	-9,030	-5,637	-4,712
Free Cash Flow	2,453	4,233	4,028	2,447	-5,413	-3,866
Free Cash Flow Growth	-57.98%	5.10%	64.59%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	7.73%	11.41%	11.41%	9.49%	-3.86%	-3.94%
Profit Margin	7.20%	9.46%	8.82%	6.79%	-2.28%	-1.18%
FCF Margin	3.20%	5.32%	4.58%	2.55%	-6.75%	-5.44%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Sep '26 Sep 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.330	0.330	0.290	0.250
Dividend Per Share Growth	-17.65%	13.79%	16.00%	-
Dividend Yield	6.64%	7.03%	5.75%	6.29%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	12.44	8.82	9.78	9.48	-	-
Forward PE	11.95	8.96	9.14	7.62	29.08	10.63
P/FCF Ratio	27.76	15.68	18.84	25.26	-	-
PS Ratio	0.89	0.83	0.86	0.64	0.58	0.77