Shenzhen Expressway Co Ltd (600548) — Cash Flow Reinvestment Rate
Shenzhen Expressway Co Ltd (600548) has a Cash Flow Reinvestment Rate of 1.29x as of December 2025, reinvesting CN¥1.63 Billion (capex CN¥438.40 Million plus investments CN¥1.19 Billion) from operating cash flow of CN¥1.27 Billion. Check 600548 operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Shenzhen Expressway Co Ltd Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Shenzhen Expressway Co Ltd across 28 annual periods. Explore 600548 long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Shenzhen Expressway Co Ltd (1998–2025)
Year-by-year capital reinvestment analysis for Shenzhen Expressway Co Ltd. For live market cap and broader valuation context, see market cap of Shenzhen Expressway Co Ltd.
| Year | Reinvestment Rate | Total Reinvested (CNY) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.90x | CN¥4.82 Billion | CN¥5.34 Billion | CN¥3.28 Billion | ▲ +42.3% |
| 2024 | 0.63x | CN¥2.36 Billion | CN¥3.72 Billion | CN¥2.06 Billion | ▼ -13.9% |
| 2023 | 0.74x | CN¥3.02 Billion | CN¥4.09 Billion | CN¥2.09 Billion | ▼ -55.1% |
| 2022 | 1.64x | CN¥5.53 Billion | CN¥3.37 Billion | CN¥2.09 Billion | ▲ +58.2% |
| 2021 | 1.04x | CN¥4.09 Billion | CN¥3.94 Billion | CN¥3.80 Billion | ▼ -74.0% |
| 2020 | 4.00x | CN¥4.40 Billion | CN¥1.10 Billion | CN¥2.48 Billion | ▲ +259.4% |
| 2019 | 1.11x | CN¥1.95 Billion | CN¥1.75 Billion | CN¥1.61 Billion | ▲ +45.1% |
| 2018 | 0.77x | CN¥2.47 Billion | CN¥3.22 Billion | CN¥1.11 Billion | ▼ -58.0% |
| 2017 | 1.82x | CN¥4.85 Billion | CN¥2.66 Billion | CN¥934.14 Million | ▲ +33.2% |
| 2016 | 1.37x | CN¥2.91 Billion | CN¥2.13 Billion | CN¥382.09 Million | ▲ +96.2% |
| 2015 | 0.70x | CN¥1.24 Billion | CN¥1.77 Billion | CN¥128.35 Million | ▲ +300.0% |
| 2014 | 0.17x | CN¥312.90 Million | CN¥1.79 Billion | CN¥312.90 Million | ▼ -49.7% |
| 2013 | 0.35x | CN¥610.57 Million | CN¥1.76 Billion | CN¥610.57 Million | ▼ -2.7% |
| 2012 | 0.36x | CN¥545.48 Million | CN¥1.53 Billion | CN¥545.48 Million | ▼ -38.4% |
| 2011 | 0.58x | CN¥873.00 Million | CN¥1.51 Billion | CN¥873.00 Million | ▼ -2.0% |
| 2010 | 0.59x | CN¥955.30 Million | CN¥1.62 Billion | CN¥955.30 Million | ▼ -55.2% |
| 2009 | 1.32x | CN¥1.03 Billion | CN¥779.94 Million | CN¥1.03 Billion | ▼ -53.7% |
| 2008 | 2.85x | CN¥2.70 Billion | CN¥945.87 Million | CN¥2.70 Billion | ▼ -31.4% |
| 2007 | 4.16x | CN¥3.37 Billion | CN¥811.72 Million | CN¥3.37 Billion | ▲ +506.5% |
| 2006 | 0.69x | CN¥688.53 Million | CN¥1.00 Billion | CN¥688.53 Million | ▲ +3.9% |
| 2005 | 0.66x | CN¥425.27 Million | CN¥645.10 Million | CN¥425.27 Million | ▲ +14.1% |
| 2004 | 0.58x | CN¥295.50 Million | CN¥511.54 Million | CN¥295.50 Million | ▲ +27.6% |
| 2003 | 0.45x | CN¥195.34 Million | CN¥431.49 Million | CN¥195.34 Million | ▼ -34.7% |
| 2002 | 0.69x | CN¥305.90 Million | CN¥441.20 Million | CN¥305.90 Million | ▲ +52.8% |
| 2001 | 0.45x | CN¥261.00 Million | CN¥575.22 Million | CN¥261.00 Million | ▼ -43.0% |
| 2000 | 0.80x | CN¥343.55 Million | CN¥431.48 Million | CN¥343.55 Million | ▼ -69.4% |
| 1999 | 2.60x | CN¥998.98 Million | CN¥383.61 Million | CN¥998.98 Million | ▲ +55.4% |
| 1998 | 1.68x | CN¥553.67 Million | CN¥330.30 Million | CN¥553.67 Million | — |