Zhejiang Zheneng Electric Power (600023) Stock Price, Fundamentals & Analysis

What 600023 does

Zhejiang Zheneng Electric Power (600023) is a stock listed on the Shanghai Stock Exchange in the Utilities sector, specifically the Utilities - Independent Power Producers industry. The company engages in thermal power generation in China and internationally, provides thermal products, and invests in nuclear power projects. It also operates in gas power generation, integrated energy, coal-fired generation, shipping and port management, engineering maintenance, power equipment, and trading. Zhejiang Zheneng Electric Power is a subsidiary of Zhejiang Provincial Energy Group Company Ltd. and was founded in 1985, with headquarters in Hangzhou, China. It is part of the CSI 300 index and operates alongside peers such as China National Nuclear Power (601985), SDIC Power Holdings (600886), and China Yangtze Power (600900).

Key numbers explained

• The current price is 5.14 CNY, up 1.18% today, with a 52-week range of 4.84 – 6.77 and a year-over-year price change of 3.6%.
• The trailing P/E ratio of 12.5 shows the price investors pay per unit of recent earnings; the forward P/E ratio of 8.2 reflects expectations for future earnings.
• The dividend yield of 6.42% indicates the annual dividend relative to the share price, with 83% of earnings paid out as dividends and an ex-dividend date of 30 iul. 2026.
• The beta of 0.23 suggests the stock tends to move less than the overall market, which can mean lower volatility.
• Earnings per share (trailing 12 months) is 0.41 CNY, and the price-to-book ratio is 0.94, meaning the share trades below its book value.
• The debt-to-equity ratio of 56.3% shows the proportion of debt versus equity used to finance the company.

What to watch

For a utility stock like Zhejiang Zheneng Electric Power, investors typically monitor regulatory changes in China's power sector, fuel cost trends (especially coal and gas), and government energy policy shifts toward nuclear and renewables. The company's mix of thermal, nuclear, and gas generation means it is exposed to different fuel price cycles and policy environments. Earnings can be affected by electricity pricing reforms, capacity utilization rates, and the pace of new project approvals. Because the company operates as part of a larger provincial energy group, broader group strategy and capital allocation decisions may also influence its trajectory.