Zhejiang Zheneng Electric Power Co., Ltd.

XSSC:600023 Stock Report

Market Cap: CN¥76.7b

Zhejiang Zheneng Electric Power Past Earnings Performance

Past criteria checks 4/6

Zhejiang Zheneng Electric Power's earnings have been declining at an average annual rate of -0.5%, while the Renewable Energy industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 14.7% per year. Zhejiang Zheneng Electric Power's return on equity is 10.2%, and it has net margins of 7.8%.

Key information

-0.5%

Earnings growth rate

0.2%

EPS growth rate

Renewable Energy Industry Growth7.2%
Revenue growth rate14.7%
Return on equity10.2%
Net Margin7.8%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Zhejiang Zheneng Electric Power makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

XSSC:600023 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2492,7657,2572,507545
30 Jun 2494,4117,6682,566571
31 Mar 2498,3507,3242,548559
31 Dec 2395,9756,5202,406536
30 Sep 2388,8173,6832,273461
30 Jun 2386,0015561,931360
31 Mar 2379,528-1,4441,681282
31 Dec 2280,195-1,8271,675261
30 Sep 2281,548-2,6451,639362
30 Jun 2277,206-2,9251,650370
31 Mar 2274,932-1,2631,654391
31 Dec 2171,076-8371,578389
30 Sep 2165,1993,1391,616342
30 Jun 2159,1595,5471,572323
31 Mar 2157,4496,5801,487304
31 Dec 2051,6846,0861,453286
30 Sep 2051,6125,8741,434194
30 Jun 2050,7924,8101,424177
31 Mar 2049,8753,7861,464166
31 Dec 1954,3714,2931,494183
30 Sep 1953,2513,9081,416104
30 Jun 1954,7594,1941,414136
31 Mar 1956,9124,5301,418149
31 Dec 1856,6344,0361,416124
30 Sep 1856,6454,3481,408134
30 Jun 1856,3334,3681,423100
31 Mar 1853,1313,9261,42868
31 Dec 1751,1914,3341,43164
30 Sep 1748,0724,1211,40318
30 Jun 1743,9634,3731,4900
31 Mar 1742,0325,7311,3830
31 Dec 1639,1776,2221,4170
30 Sep 1639,6897,1911,2500
30 Jun 1637,9817,2321,2700
31 Mar 1638,1647,1811,2510
31 Dec 1539,6886,9761,2470
30 Sep 1542,5067,3451,2940
30 Jun 1544,4096,8661,2590
31 Mar 1544,5766,0281,3000
31 Dec 1444,1795,9641,2480
30 Sep 1443,4635,1481,3870
30 Jun 1449,1635,8271,3530
31 Mar 1452,6675,9621,3450
31 Dec 1353,9165,7571,3600

Quality Earnings: 600023 has high quality earnings.

Growing Profit Margin: 600023's current net profit margins (7.8%) are higher than last year (4.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 600023's earnings have declined by 0.5% per year over the past 5 years.

Accelerating Growth: 600023's earnings growth over the past year (97.1%) exceeds its 5-year average (-0.5% per year).

Earnings vs Industry: 600023 earnings growth over the past year (97.1%) exceeded the Renewable Energy industry 6.8%.

Return on Equity

High ROE: 600023's Return on Equity (10.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 09:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zhejiang Zheneng Electric Power Co., Ltd. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fei TongChangjiang Securities Co. LTD.
Yigong TaoChina Galaxy Securities Co., Ltd.
Jiani LiuChina International Capital Corporation Limited