Earnings Miss: Chongqing Zhifei Biological Products Co., Ltd. Missed EPS By 35% And Analysts Are Revising Their Forecasts
Apr 26
Chinese (SSE) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies4996
- 7D2.1%
- 3M3.4%
- 1Y-14.2%
- YTD-2.9%
Over the last 7 days, the market has risen 2.1%, driven by gains of 5.1% in the Information Technology sector. On the other hand, with a decline of 6.6%, the Energy sector is lagging behind. Longer term the market is actually down 14% over the past year. Earnings are forecast to grow by 24% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | CN¥64.1t | CN¥50.9t | CN¥2.9t | 30.3x | 22.3x | 1.3x |
| Mon, 25 Mar 2024 | CN¥65.1t | CN¥51.4t | CN¥2.9t | 31.5x | 22.6x | 1.3x |
| Wed, 21 Feb 2024 | CN¥60.3t | CN¥51.9t | CN¥3.1t | 27.7x | 19.5x | 1.2x |
| Fri, 19 Jan 2024 | CN¥61.9t | CN¥51.2t | CN¥2.8t | 32.3x | 22.1x | 1.2x |
| Sun, 17 Dec 2023 | CN¥64.9t | CN¥49.8t | CN¥2.7t | 34.9x | 23.9x | 1.3x |
| Tue, 14 Nov 2023 | CN¥67.1t | CN¥49.8t | CN¥2.7t | 35.6x | 24.7x | 1.3x |
| Thu, 12 Oct 2023 | CN¥67.3t | CN¥49.6t | CN¥2.7t | 35.1x | 24.6x | 1.4x |
| Sat, 09 Sep 2023 | CN¥68.2t | CN¥49.6t | CN¥2.7t | 35x | 24.8x | 1.4x |
| Mon, 07 Aug 2023 | CN¥72.3t | CN¥49.2t | CN¥2.8t | 35.8x | 25.5x | 1.5x |
| Wed, 05 Jul 2023 | CN¥71.5t | CN¥49.1t | CN¥2.8t | 37x | 25.4x | 1.5x |
| Fri, 02 Jun 2023 | CN¥70.0t | CN¥49.0t | CN¥2.8t | 35.8x | 24.9x | 1.4x |
| Sun, 30 Apr 2023 | CN¥71.8t | CN¥49.0t | CN¥2.8t | 35.1x | 25.6x | 1.5x |
| Tue, 28 Mar 2023 | CN¥72.5t | CN¥48.1t | CN¥2.9t | 36x | 24.9x | 1.5x |
| Thu, 23 Feb 2023 | CN¥73.8t | CN¥47.7t | CN¥2.9t | 36.7x | 25.8x | 1.5x |
| Sat, 21 Jan 2023 | CN¥72.7t | CN¥47.4t | CN¥2.9t | 34.7x | 25.5x | 1.5x |
| Mon, 19 Dec 2022 | CN¥69.6t | CN¥47.5t | CN¥2.8t | 33.8x | 24.6x | 1.5x |
| Wed, 16 Nov 2022 | CN¥69.5t | CN¥47.5t | CN¥2.8t | 34.6x | 24.6x | 1.5x |
| Fri, 14 Oct 2022 | CN¥65.5t | CN¥46.6t | CN¥2.9t | 31x | 22.9x | 1.4x |
| Sun, 11 Sep 2022 | CN¥71.2t | CN¥46.4t | CN¥2.8t | 34.1x | 25x | 1.5x |
| Tue, 09 Aug 2022 | CN¥71.9t | CN¥46.1t | CN¥2.8t | 34.8x | 25.3x | 1.6x |
| Thu, 07 Jul 2022 | CN¥72.6t | CN¥46.0t | CN¥2.8t | 33.6x | 25.8x | 1.6x |
| Sat, 04 Jun 2022 | CN¥67.4t | CN¥46.1t | CN¥2.8t | 32.2x | 23.8x | 1.5x |
| Mon, 02 May 2022 | CN¥62.8t | CN¥46.3t | CN¥2.9t | 28.2x | 21.3x | 1.4x |
| Wed, 30 Mar 2022 | CN¥68.1t | CN¥45.0t | CN¥3.0t | 31.7x | 22.7x | 1.5x |
| Fri, 25 Feb 2022 | CN¥73.8t | CN¥44.3t | CN¥3.0t | 34.7x | 24.9x | 1.7x |
| Sun, 23 Jan 2022 | CN¥76.5t | CN¥43.8t | CN¥2.9t | 36.1x | 26x | 1.7x |
| Tue, 21 Dec 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 37.3x | 26.8x | 1.8x |
| Thu, 18 Nov 2021 | CN¥77.5t | CN¥43.7t | CN¥2.9t | 36.5x | 26.5x | 1.8x |
| Sat, 16 Oct 2021 | CN¥75.5t | CN¥42.5t | CN¥2.9t | 33.3x | 25.7x | 1.8x |
| Mon, 13 Sep 2021 | CN¥78.3t | CN¥42.4t | CN¥2.9t | 35.7x | 26.7x | 1.8x |
| Wed, 11 Aug 2021 | CN¥76.3t | CN¥42.4t | CN¥2.9t | 35x | 26.2x | 1.8x |
| Sun, 06 Jun 2021 | CN¥74.3t | CN¥40.0t | CN¥2.7t | 33.5x | 27.6x | 1.9x |
Price to Earnings Ratio
26.1x
Current Market PE
- Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 24.6x.
Past Earnings Growth
- The earnings for Chinese listed companies have grown 2.3% per year over the last three years.
- Revenues for these companies have grown 8.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 2.08% | |
| Tech | 5.10% | |
| Healthcare | 4.57% | |
| Consumer Staples | 3.69% | |
| Real Estate | 3.03% | |
| Financials | 2.76% | |
| Telecom | 1.89% | |
| Consumer Discretionary | 1.29% | |
| Industrials | 0.82% | |
| Materials | -0.68% | |
| Utilities | -1.24% | |
| Energy | -6.56% | |
Sector PE
- Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 55.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings growth of 9.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 6.8% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 600519 Kweichow Moutai | CN¥1.71k | 3.8% +CN¥78.9b | -2.9% | PE28.7x | Consumer Staples | |
| 601138 Foxconn Industrial Internet | CN¥24.41 | 10.7% +CN¥46.9b | 51.4% | PE23x | Tech | |
| 601318 Ping An Insurance (Group) Company of China | CN¥41.53 | 5.4% +CN¥38.2b | -19.8% | PE9x | Financials | |
| 858 Wuliangye YibinLtd | CN¥152.25 | 6.5% +CN¥36.3b | -9.9% | PE20x | Consumer Staples | |
| 300750 Contemporary Amperex Technology | CN¥198.48 | 4.0% +CN¥33.7b | -14.0% | PE19.4x | Industrials |
