Zhejiang Hangmin Co.,Ltd's (SHSE:600987) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Apr 12
Chinese (SSE) Textiles Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies51
- 7D-5.0%
- 3M-11.7%
- 1Y-17.4%
- YTDn/a
Over the last 7 days, the Textiles industry has dropped 4.8%, driven by Shijiazhuang ChangShan BeiMing TechnologyLtd declining 14%. However, the industry is down 18% over the past year. Earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Chinese Textiles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CN¥186.3b | CN¥156.4b | CN¥5.8b | 23.1x | 32.3x | 1.2x |
| Sun, 17 Mar 2024 | CN¥199.7b | CN¥155.7b | CN¥6.4b | 26.3x | 31.3x | 1.3x |
| Tue, 13 Feb 2024 | CN¥170.4b | CN¥155.7b | CN¥6.4b | 22.3x | 26.7x | 1.1x |
| Thu, 11 Jan 2024 | CN¥234.2b | CN¥163.0b | CN¥7.0b | 29.9x | 33.6x | 1.4x |
| Sat, 09 Dec 2023 | CN¥220.7b | CN¥155.4b | CN¥6.4b | 31.5x | 34.4x | 1.4x |
| Mon, 06 Nov 2023 | CN¥223.2b | CN¥155.2b | CN¥6.2b | 32x | 36x | 1.4x |
| Wed, 04 Oct 2023 | CN¥220.7b | CN¥156.0b | CN¥5.6b | 32.6x | 39.2x | 1.4x |
| Fri, 01 Sep 2023 | CN¥217.7b | CN¥155.9b | CN¥5.6b | 32.9x | 38.9x | 1.4x |
| Sun, 30 Jul 2023 | CN¥230.3b | CN¥156.9b | CN¥6.1b | 30.4x | 37.9x | 1.5x |
| Tue, 27 Jun 2023 | CN¥217.7b | CN¥156.8b | CN¥6.1b | 27.4x | 35.4x | 1.4x |
| Thu, 25 May 2023 | CN¥218.2b | CN¥157.1b | CN¥6.2b | 28.3x | 35.2x | 1.4x |
| Sat, 22 Apr 2023 | CN¥223.5b | CN¥164.6b | CN¥8.6b | 29.3x | 25.9x | 1.4x |
| Mon, 20 Mar 2023 | CN¥225.8b | CN¥163.8b | CN¥8.6b | 32.1x | 26.2x | 1.4x |
| Wed, 15 Feb 2023 | CN¥234.5b | CN¥163.4b | CN¥8.6b | 34.4x | 27.1x | 1.4x |
| Fri, 13 Jan 2023 | CN¥211.7b | CN¥163.4b | CN¥8.6b | 30.1x | 24.5x | 1.3x |
| Sun, 11 Dec 2022 | CN¥222.1b | CN¥163.1b | CN¥8.6b | 32.5x | 25.8x | 1.4x |
| Tue, 08 Nov 2022 | CN¥203.0b | CN¥161.0b | CN¥8.5b | 26.6x | 23.9x | 1.3x |
| Thu, 06 Oct 2022 | CN¥190.2b | CN¥159.5b | CN¥9.7b | 19.6x | 19.7x | 1.2x |
| Sat, 03 Sep 2022 | CN¥206.8b | CN¥160.0b | CN¥9.8b | 22.6x | 21.1x | 1.3x |
| Mon, 01 Aug 2022 | CN¥209.0b | CN¥160.1b | CN¥10.3b | 24.1x | 20.3x | 1.3x |
| Wed, 29 Jun 2022 | CN¥208.8b | CN¥160.2b | CN¥10.2b | 22.2x | 20.4x | 1.3x |
| Fri, 27 May 2022 | CN¥195.2b | CN¥160.3b | CN¥10.2b | 21.3x | 19.1x | 1.2x |
| Sun, 24 Apr 2022 | CN¥203.0b | CN¥156.8b | CN¥9.6b | 20.3x | 21.1x | 1.3x |
| Tue, 22 Mar 2022 | CN¥264.2b | CN¥160.5b | CN¥10.8b | 19.3x | 24.4x | 1.6x |
| Thu, 17 Feb 2022 | CN¥280.4b | CN¥159.2b | CN¥10.2b | 22.1x | 27.4x | 1.8x |
| Sat, 15 Jan 2022 | CN¥283.3b | CN¥159.1b | CN¥10.0b | 24.1x | 28.3x | 1.8x |
| Mon, 13 Dec 2021 | CN¥286.7b | CN¥158.1b | CN¥9.9b | 21.5x | 28.8x | 1.8x |
| Wed, 10 Nov 2021 | CN¥275.6b | CN¥157.6b | CN¥10.0b | 20.9x | 27.7x | 1.7x |
| Fri, 08 Oct 2021 | CN¥282.6b | CN¥151.4b | CN¥9.1b | 25.7x | 31.2x | 1.9x |
| Sun, 05 Sep 2021 | CN¥281.2b | CN¥149.4b | CN¥8.8b | 27x | 31.8x | 1.9x |
| Tue, 03 Aug 2021 | CN¥248.1b | CN¥149.4b | CN¥8.8b | 24.3x | 28.1x | 1.7x |
| Fri, 07 May 2021 | CN¥216.5b | CN¥139.3b | CN¥7.1b | 22.8x | 30.4x | 1.6x |
Price to Earnings Ratio
30.4x
Current Industry PE
- Investors are relatively neutral on the Chinese Textiles industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 28.6x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Textiles industry have declined 3.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Chinese Textiles compare with similar industries?
| CN Market | -0.36% | |
| Consumer Discretionary | 0.19% | |
| Luxury | -3.12% | |
| Textiles | -5.03% | |
| Footwear | 3.75% | |
| Apparel, Accessories and Luxury Goods | -3.83% | |
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 | |
|---|---|---|---|---|---|
| 2327 Shenzhen Fuanna Bedding and FurnishingLtd | CN¥11.35 | 6.1% +CN¥543.9m | 37.9% | PE17.2x | |
| 603889 Zhejiang Xinao Textiles | CN¥7.30 | 9.6% +CN¥467.6m | 17.5% | PE13.2x | |
| 2674 Xingye Leather Technology | CN¥11.89 | 4.1% +CN¥137.2m | 7.7% | PE18x | |
| 301077 Zhejiang Chinastars New Materials Group | CN¥16.96 | 6.4% +CN¥122.4m | -22.7% | PE20.9x | |
| 2083 Sunvim GroupLtd | CN¥4.78 | 3.2% +CN¥119.1m | 9.6% | PE13.2x |
