Shenzhen Expressway Co Ltd (600548) — Capital Reinvestment Ratio
Shenzhen Expressway Co Ltd (600548) has a Capital Reinvestment Ratio of 0.35x as of December 2025, meaning it reinvests 0% of its operating cash flow (CN¥1.27 Billion) in capital expenditures (CN¥438.40 Million). Check Shenzhen Expressway Co Ltd (600548) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Shenzhen Expressway Co Ltd Capital Reinvestment Ratio (1998–2025)
This chart tracks Shenzhen Expressway Co Ltd's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see how efficiently does Shenzhen Expressway Co Ltd generate cash.
Annual Capital Reinvestment Ratio for Shenzhen Expressway Co Ltd (1998–2025)
Year-by-year Capital Reinvestment Ratio for Shenzhen Expressway Co Ltd from 1998 to 2025. See 600548 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.61x | CN¥5.34 Billion | CN¥3.28 Billion | ▲ +10.9% |
| 2024 | 0.55x | CN¥3.72 Billion | CN¥2.06 Billion | ▲ +8.3% |
| 2023 | 0.51x | CN¥4.09 Billion | CN¥2.09 Billion | ▼ -17.6% |
| 2022 | 0.62x | CN¥3.37 Billion | CN¥2.09 Billion | ▼ -35.6% |
| 2021 | 0.96x | CN¥3.94 Billion | CN¥3.80 Billion | ▼ -57.3% |
| 2020 | 2.26x | CN¥1.10 Billion | CN¥2.48 Billion | ▲ +145.5% |
| 2019 | 0.92x | CN¥1.75 Billion | CN¥1.61 Billion | ▲ +166.9% |
| 2018 | 0.34x | CN¥3.22 Billion | CN¥1.11 Billion | ▼ -1.9% |
| 2017 | 0.35x | CN¥2.66 Billion | CN¥934.14 Million | ▲ +95.4% |
| 2016 | 0.18x | CN¥2.13 Billion | CN¥382.09 Million | ▲ +148.0% |
| 2015 | 0.07x | CN¥1.77 Billion | CN¥128.35 Million | ▼ -58.5% |
| 2014 | 0.17x | CN¥1.79 Billion | CN¥312.90 Million | ▼ -49.7% |
| 2013 | 0.35x | CN¥1.76 Billion | CN¥610.57 Million | ▼ -2.7% |
| 2012 | 0.36x | CN¥1.53 Billion | CN¥545.48 Million | ▼ -38.4% |
| 2011 | 0.58x | CN¥1.51 Billion | CN¥873.00 Million | ▼ -2.0% |
| 2010 | 0.59x | CN¥1.62 Billion | CN¥955.30 Million | ▼ -55.2% |
| 2009 | 1.32x | CN¥779.94 Million | CN¥1.03 Billion | ▼ -53.7% |
| 2008 | 2.85x | CN¥945.87 Million | CN¥2.70 Billion | ▼ -31.4% |
| 2007 | 4.16x | CN¥811.72 Million | CN¥3.37 Billion | ▲ +506.5% |
| 2006 | 0.69x | CN¥1.00 Billion | CN¥688.53 Million | ▲ +3.9% |
| 2005 | 0.66x | CN¥645.10 Million | CN¥425.27 Million | ▲ +14.1% |
| 2004 | 0.58x | CN¥511.54 Million | CN¥295.50 Million | ▲ +27.6% |
| 2003 | 0.45x | CN¥431.49 Million | CN¥195.34 Million | ▼ -34.7% |
| 2002 | 0.69x | CN¥441.20 Million | CN¥305.90 Million | ▲ +52.8% |
| 2001 | 0.45x | CN¥575.22 Million | CN¥261.00 Million | ▼ -43.0% |
| 2000 | 0.80x | CN¥431.48 Million | CN¥343.55 Million | ▼ -69.4% |
| 1999 | 2.60x | CN¥383.61 Million | CN¥998.98 Million | ▲ +55.4% |
| 1998 | 1.68x | CN¥330.30 Million | CN¥553.67 Million | — |