Zhejiang Zheneng Electric Power Co Ltd (600023) — Tangible Net Worth Ratio
Zhejiang Zheneng Electric Power Co Ltd (600023) has a Tangible Net Worth Ratio of 96.7% as of March 2026. This metric is calculated by deducting intangible assets (CN¥3.00 Billion) from net assets (CN¥90.32 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore 600023 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Zhejiang Zheneng Electric Power Co Ltd Tangible Net Worth Ratio (2010–2025)
This chart shows how Zhejiang Zheneng Electric Power Co Ltd's Tangible Net Worth Ratio has changed across 16 annual periods from 2010 to 2025. As of March 2026, the ratio stands at 96.7%, reflecting net assets of CN¥90.32 Billion with intangible assets of CN¥3.00 Billion CNY. For live market cap and overall valuation, see 600023 stock market capitalisation.
Annual Tangible Net Worth Ratio for Zhejiang Zheneng Electric Power Co Ltd (2010–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Zhejiang Zheneng Electric Power Co Ltd from 2010 to 2025, covering 16 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Zhejiang Zheneng Electric Power Co Ltd capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.6% | CN¥89.87 Billion | CN¥3.04 Billion | CN¥156.34 Billion | ▼ -0.1 pp |
| 2024 | 96.7% | CN¥86.82 Billion | CN¥2.88 Billion | CN¥154.09 Billion | ▲ +0.4 pp |
| 2023 | 96.3% | CN¥79.97 Billion | CN¥2.99 Billion | CN¥147.24 Billion | ▲ +0.0 pp |
| 2022 | 96.3% | CN¥67.56 Billion | CN¥2.53 Billion | CN¥120.99 Billion | ▼ -0.3 pp |
| 2021 | 96.6% | CN¥71.79 Billion | CN¥2.47 Billion | CN¥115.69 Billion | ▼ -0.6 pp |
| 2020 | 97.1% | CN¥76.31 Billion | CN¥2.19 Billion | CN¥114.51 Billion | ▼ -0.1 pp |
| 2019 | 97.2% | CN¥72.50 Billion | CN¥2.03 Billion | CN¥110.97 Billion | ▲ +0.2 pp |
| 2018 | 97.0% | CN¥69.15 Billion | CN¥2.10 Billion | CN¥109.70 Billion | ▲ +0.1 pp |
| 2017 | 96.8% | CN¥68.80 Billion | CN¥2.19 Billion | CN¥112.88 Billion | ▼ 0.0 pp |
| 2016 | 96.8% | CN¥66.31 Billion | CN¥2.09 Billion | CN¥105.84 Billion | ▲ +0.0 pp |
| 2015 | 96.8% | CN¥63.87 Billion | CN¥2.04 Billion | CN¥103.66 Billion | ▲ +0.2 pp |
| 2014 | 96.6% | CN¥51.13 Billion | CN¥1.76 Billion | CN¥104.20 Billion | ▲ +0.5 pp |
| 2013 | 96.1% | CN¥43.41 Billion | CN¥1.69 Billion | CN¥92.02 Billion | ▲ +0.1 pp |
| 2012 | 96.0% | CN¥39.47 Billion | CN¥1.58 Billion | CN¥81.38 Billion | ▼ -1.4 pp |
| 2011 | 97.4% | CN¥34.90 Billion | CN¥912.86 Million | CN¥75.52 Billion | ▼ -0.6 pp |
| 2010 | 98.0% | CN¥36.95 Billion | CN¥744.14 Million | CN¥78.51 Billion | — |