Zhejiang Zheneng Electric Power CoSHSE:600023 -1.11%80 Operating Margin % is 1.76% as of Mar. 2026, which is 79% below its 10-year median of 8.58. GuruFocus rates SHSE:600023 with a GF Score™ of 80/100 and a GF Value™ of ¥4.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Zhejiang Zheneng Electric Power Co ranks worse than 57.55% on this metric.
The historical rank and industry rank for Zhejiang Zheneng Electric Power Co's Operating Margin % or its related term are showing as below:
SHSE:600023'
s Operating Margin % Range Over the Past 10 Years
Min: -6.31 Med: 8.58 Max: 17.6
Current: 8.31
SHSE:600023's Operating Margin % is ranked worse than 57.55% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.27
vs SHSE:600023: 8.31
Zhejiang Zheneng Electric Power Co (SHSE:600023) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Zhejiang Zheneng Electric Power Co Operating Margin % Related Terms
Zhejiang Zheneng Electric Power Co Operating Margin % Historical Data
* 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 Operating Margin % Chart
SHSE:600023 vs CEG, VST, NRG: Operating Margin % Comparison
For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power Co's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Zhejiang Zheneng Electric Power Co's Operating Margin % falls into.
Zhejiang Zheneng Electric Power Co Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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 (SHSE:600023) has a Operating Margin % of 1.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. This is 79% below median its historical median of 8.58. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #240 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 57.6%.
Is Zhejiang Zheneng Electric Power Co's Operating Margin % too high?
Zhejiang Zheneng Electric Power Co's current Operating Margin % of 1.76% is 79% below median its 10-year median of 8.58. The Utilities - Independent Power Producers industry median Operating Margin % is 13.27. Zhejiang Zheneng Electric Power Co's value of 1.76% is 86.7% below this industry median. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #240 out of 417 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's Operating Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #240 out of 417 companies for Operating Margin %. This places Zhejiang Zheneng Electric Power Co in the lower half of its industry. The industry median Operating Margin % is 13.27. Zhejiang Zheneng Electric Power Co's value of 1.76% is 86.7% below this benchmark. While the company's 10-year median is 8.58 vs. the industry median of 13.27, Zhejiang Zheneng Electric Power Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.27, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Zheneng Electric Power Co's current Operating Margin % of 1.76% is 86.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zheneng Electric Power Co's current Operating Margin % is 1.76%, which is 79% below median its own 10-year median of 8.58. 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 Fairly Valued. The stock's GF Value™ is ¥4.84, compared to a current price of ¥5.34 — trading 10.3% above its estimated fair value. The current Operating Margin % is 1.76%, which is 79% below median its 10-year median of 8.58 and 86.7% below the Utilities - Independent Power Producers industry median of 13.27. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Zhejiang Zheneng Electric Power Co (SHSE:600023), the current Operating Margin % is 1.76% 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 ¥5.34 is trading 10.3% above its estimated GF Value™ of ¥4.84.
GuruFocus considers Zhejiang Zheneng Electric Power Co to be Fairly Valued.
Key valuation signals for SHSE:600023:
Operating Margin %: 1.76% (79% below median its 10-year median of 8.58)
GF Value™: ¥4.84 vs. price of ¥5.34 (10.3% above fair value)
Industry Position: 86.7% below the Utilities - Independent Power Producers median (#240 of 417)
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
AddressNo. 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.
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