Zhejiang VIE Science & Technology (SZSE:002590) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 25
Chinese (SSE) Auto Parts and Equipment Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies183
- 7D1.4%
- 3M5.9%
- 1Y3.0%
- YTDn/a
In the last week, the Auto Parts and Equipment industry is up 2.5%, with KEBODA TECHNOLOGY leading the way with a 18% gain. In the same time, Huizhou Desay SV Automotive was down 12%. This means that the industry has gained 4.0% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Chinese Auto Parts and Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | CN¥1.4t | CN¥939.5b | CN¥45.0b | 30.6x | 30.2x | 1.4x |
| Sun, 24 Mar 2024 | CN¥1.4t | CN¥915.6b | CN¥41.4b | 33.1x | 33.6x | 1.5x |
| Tue, 20 Feb 2024 | CN¥1.2t | CN¥907.6b | CN¥40.6b | 26.5x | 29.3x | 1.3x |
| Thu, 18 Jan 2024 | CN¥1.3t | CN¥909.7b | CN¥40.6b | 32.2x | 33.1x | 1.5x |
| Sat, 16 Dec 2023 | CN¥1.5t | CN¥911.8b | CN¥40.7b | 38x | 36.6x | 1.6x |
| Mon, 13 Nov 2023 | CN¥1.5t | CN¥910.9b | CN¥40.7b | 36.9x | 36.6x | 1.6x |
| Wed, 11 Oct 2023 | CN¥1.5t | CN¥890.6b | CN¥41.0b | 38.9x | 36.6x | 1.7x |
| Fri, 08 Sep 2023 | CN¥1.5t | CN¥888.3b | CN¥40.6b | 35.5x | 35.8x | 1.6x |
| Sun, 06 Aug 2023 | CN¥1.5t | CN¥844.4b | CN¥37.4b | 41x | 40.7x | 1.8x |
| Tue, 04 Jul 2023 | CN¥1.5t | CN¥838.3b | CN¥36.8b | 42x | 39.7x | 1.7x |
| Thu, 01 Jun 2023 | CN¥1.3t | CN¥834.9b | CN¥37.1b | 36.5x | 34.6x | 1.5x |
| Sat, 29 Apr 2023 | CN¥1.2t | CN¥824.0b | CN¥38.4b | 35.4x | 32.1x | 1.5x |
| Mon, 27 Mar 2023 | CN¥1.3t | CN¥804.7b | CN¥33.4b | 42.7x | 40.4x | 1.7x |
| Wed, 22 Feb 2023 | CN¥1.5t | CN¥799.4b | CN¥32.7b | 46.8x | 44.7x | 1.8x |
| Fri, 20 Jan 2023 | CN¥1.4t | CN¥798.3b | CN¥32.6b | 43.7x | 42.7x | 1.7x |
| Sun, 18 Dec 2022 | CN¥1.3t | CN¥797.0b | CN¥32.5b | 41.6x | 41.5x | 1.7x |
| Tue, 15 Nov 2022 | CN¥1.4t | CN¥795.9b | CN¥32.8b | 42.8x | 42.7x | 1.8x |
| Thu, 13 Oct 2022 | CN¥1.4t | CN¥746.0b | CN¥28.0b | 47x | 48.4x | 1.8x |
| Sat, 10 Sep 2022 | CN¥1.5t | CN¥745.0b | CN¥27.5b | 53.5x | 55.3x | 2x |
| Mon, 08 Aug 2022 | CN¥1.6t | CN¥752.1b | CN¥29.3b | 51.7x | 53.7x | 2.1x |
| Wed, 06 Jul 2022 | CN¥1.5t | CN¥779.7b | CN¥29.7b | 46.8x | 49.2x | 1.9x |
| Fri, 03 Jun 2022 | CN¥1.3t | CN¥779.1b | CN¥29.8b | 38.5x | 44.6x | 1.7x |
| Sun, 01 May 2022 | CN¥1.1t | CN¥767.2b | CN¥31.1b | 32.7x | 36.1x | 1.5x |
| Tue, 29 Mar 2022 | CN¥1.3t | CN¥753.1b | CN¥32.5b | 36.3x | 38.9x | 1.7x |
| Thu, 24 Feb 2022 | CN¥1.5t | CN¥744.6b | CN¥34.5b | 38.6x | 42.5x | 2x |
| Sat, 22 Jan 2022 | CN¥1.5t | CN¥744.2b | CN¥34.4b | 40.2x | 44.8x | 2.1x |
| Mon, 20 Dec 2021 | CN¥1.6t | CN¥743.0b | CN¥34.2b | 43.5x | 45.7x | 2.1x |
| Wed, 17 Nov 2021 | CN¥1.6t | CN¥742.5b | CN¥33.7b | 42.7x | 47x | 2.1x |
| Fri, 15 Oct 2021 | CN¥1.4t | CN¥745.5b | CN¥37.1b | 33.5x | 37.2x | 1.9x |
| Sun, 12 Sep 2021 | CN¥1.3t | CN¥736.4b | CN¥36.4b | 33.9x | 37.1x | 1.8x |
| Tue, 10 Aug 2021 | CN¥1.4t | CN¥735.6b | CN¥36.3b | 33.3x | 37.8x | 1.9x |
| Mon, 03 May 2021 | CN¥1.2t | CN¥705.7b | CN¥33.9b | 31.6x | 34.9x | 1.7x |
Price to Earnings Ratio
34.9x
Current Industry PE
- Investors are pessimistic on the Chinese Auto Parts and Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.3x which is lower than its 3-year average PE of 40.0x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Auto Parts and Equipment industry have grown 9.7% per year over the last three years.
- Revenues for these companies have grown 10.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Auto Parts and Equipment compare with similar industries?
| CN Market | -0.29% | |
| Consumer Discretionary | -0.73% | |
| Auto Components | 1.13% | |
| Auto Parts and Equipment | 1.43% | |
| Tires and Rubber | -0.99% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2085 Zhejiang Wanfeng Auto Wheel | CN¥16.71 | 14.4% +CN¥4.4b | 168.6% | PE46.1x | |
| 1696 Chongqing Zongshen Power MachineryLtd | CN¥11.40 | 21.8% +CN¥2.3b | 79.8% | PE36.1x | |
| 601689 Ningbo Tuopu GroupLtd | CN¥57.18 | 3.3% +CN¥2.1b | 9.6% | PE30.9x | |
| 603786 KEBODA TECHNOLOGY | CN¥67.36 | 9.1% +CN¥2.1b | 22.7% | PE38.8x | |
| 2590 Zhejiang VIE Science & Technology | CN¥16.97 | 27.1% +CN¥1.7b | 105.4% | PE25.5x |
