Zhejiang Zheneng Electric Power Co (SHSE:600023) EBIT: ¥9,755 Mil (TTM As of Mar. 2026)


SHSE:600023 Zhejiang Zheneng Electric Power Co Ltd SHSE:600023
75 GF Score
Price ¥5.46
GF Value ¥4.84
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Zhejiang Zheneng Electric Power Co EBIT?

Zhejiang Zheneng Electric Power Co SHSE:600023 +1.87% 75 EBIT is ¥9,755 Mil as of Mar. 2026. GuruFocus rates SHSE:600023 with a GF Score™ of 75/100 and a GF Value™ of ¥4.84 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Zhejiang Zheneng Electric Power Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥1,112 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥9,755 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Zheneng Electric Power Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.69%. Zhejiang Zheneng Electric Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Zheneng Electric Power Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.36%.

Zhejiang Zheneng Electric Power Co  (SHSE:600023) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Zhejiang Zheneng Electric Power Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1102.48 * ( 1 - 12.28% )/( (142158.274 + 139263.85)/ 2 )
=967.095456/140711.062
=0.69 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=156337.714 - 13280.873 - ( 14825.533 - max(0, 34399.447 - 35298.014+14825.533))
=142158.274

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=154117.218 - 11811.375 - ( 15484.742 - max(0, 30713.935 - 33755.928+15484.742))
=139263.85

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Zhejiang Zheneng Electric Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4447.656/( ( (63530.297 + max(4953.716, 0)) + (62825.928 + max(4096.916, 0)) )/ 2 )
=4447.656/( ( 68484.013 + 66922.844 )/ 2 )
=4447.656/67703.4285
=6.57 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10411.79 + 6495.454 + 2229.883) - (13280.873 + 0 + 902.538)
=4953.716

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8540.585 + 5806.683 + 2530.829) - (11811.375 + 0 + 969.806)
=4096.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Zhejiang Zheneng Electric Power Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=9755.168/116634.098
=8.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zhejiang Zheneng Electric Power Co EBIT Related Terms

Zhejiang Zheneng Electric Power Co EBIT Historical Data

* Premium members only.

The historical data trend for Zhejiang Zheneng Electric Power Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zhejiang Zheneng Electric Power Co EBIT Chart

Zhejiang Zheneng Electric Power Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,643.02 -1,699.88 10,657.11 11,425.75 10,321.16

Zhejiang Zheneng Electric Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,677.91 3,196.24 4,077.08 1,369.94 1,111.91

SHSE:600023 vs CEG, VST, NRG: EBIT Comparison

For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zhejiang Zheneng Electric Power Co EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Zheneng Electric Power Co's EV-to-EBIT falls into.


SHSE:600023
75GF Score
Zhejiang Zheneng Electric Power Co Ltd SHSE:600023
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Zheneng Electric Power Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥9,755 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ¥9,755 Mil mean?
Zhejiang Zheneng Electric Power Co (SHSE:600023) has a EBIT of ¥9,755 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zhejiang Zheneng Electric Power Co.
Is Zhejiang Zheneng Electric Power Co's EBIT too high?
Zhejiang Zheneng Electric Power Co's current EBIT is ¥9,755 Mil. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's EBIT compare to CEG and VST?
Zhejiang Zheneng Electric Power Co's EBIT of ¥9,755 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zhejiang Zheneng Electric Power Co. Zhejiang Zheneng Electric Power Co's current EBIT is ¥9,755 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zheneng Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co (SHSE:600023) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.84, compared to a current price of ¥5.46 — trading 12.8% above its estimated fair value. The current EBIT is ¥9,755 Mil. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Zhejiang Zheneng Electric Power Co (SHSE:600023), the current EBIT is ¥9,755 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zhejiang Zheneng Electric Power Co (SHSE:600023) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co stock appears to be overvalued. The current stock price of ¥5.46 is trading 12.8% above its estimated GF Value™ of ¥4.84. GuruFocus considers Zhejiang Zheneng Electric Power Co to be Modestly Overvalued.

Key valuation signals for SHSE:600023:

  • EBIT: ¥9,755 Mil
  • GF Value™: ¥4.84 vs. price of ¥5.46 (12.8% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhejiang Zheneng Electric Power Co Business Description

Address No. 36, Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power.
75GF Score

Get the complete analysis for SHSE:600023

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥5.46
Price
¥4.84
GF Value