Here's What's Concerning About Shanghai Shuixing Home Textile's (SHSE:603365) Returns On Capital
Nov 20
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Chinese (SSE) Textiles Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies49
- 7D-2.2%
- 3M54.0%
- 1Y2.3%
- YTDn/a
Over the last 7 days, the Textiles industry has dropped 5.8%, driven by Shijiazhuang ChangShan BeiMing TechnologyLtd declining 6.9%. Meanwhile, Bros Eastern.Ltd actually outperformed within the industry, gaining 5.4% in the last week. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥229.4b | CN¥161.4b | CN¥6.1b | 25.3x | 37.6x | 1.4x |
| Sat, 19 Oct 2024 | CN¥205.2b | CN¥159.8b | CN¥6.4b | 24.4x | 31.8x | 1.3x |
| Mon, 16 Sep 2024 | CN¥152.5b | CN¥159.8b | CN¥6.5b | 19.3x | 23.5x | 1x |
| Wed, 14 Aug 2024 | CN¥153.9b | CN¥156.7b | CN¥6.3b | 21x | 24.4x | 1x |
| Fri, 12 Jul 2024 | CN¥159.8b | CN¥156.4b | CN¥6.3b | 21.1x | 25.5x | 1x |
| Sun, 09 Jun 2024 | CN¥174.1b | CN¥158.0b | CN¥6.1b | 22.3x | 28.4x | 1.1x |
| Tue, 07 May 2024 | CN¥195.0b | CN¥157.3b | CN¥5.7b | 22.9x | 34.1x | 1.2x |
| Thu, 04 Apr 2024 | CN¥200.5b | CN¥155.0b | CN¥6.2b | 27.6x | 32.1x | 1.3x |
| Sat, 02 Mar 2024 | CN¥191.0b | CN¥155.7b | CN¥6.4b | 25.8x | 29.9x | 1.2x |
| Mon, 29 Jan 2024 | CN¥206.9b | CN¥155.8b | CN¥6.4b | 27.6x | 32.5x | 1.3x |
| Wed, 27 Dec 2023 | CN¥232.9b | CN¥162.6b | CN¥7.0b | 29.7x | 33.2x | 1.4x |
| Fri, 24 Nov 2023 | CN¥231.3b | CN¥155.4b | CN¥6.4b | 32.8x | 36.1x | 1.5x |
| Sun, 22 Oct 2023 | CN¥210.6b | CN¥156.2b | CN¥5.6b | 30x | 37.4x | 1.3x |
| Tue, 19 Sep 2023 | CN¥222.5b | CN¥156.0b | CN¥5.6b | 33.6x | 39.5x | 1.4x |
| Thu, 17 Aug 2023 | CN¥221.7b | CN¥157.0b | CN¥6.0b | 28.3x | 36.7x | 1.4x |
| Sat, 15 Jul 2023 | CN¥228.0b | CN¥156.9b | CN¥6.2b | 29.3x | 37.1x | 1.5x |
| Mon, 12 Jun 2023 | CN¥218.4b | CN¥156.9b | CN¥6.2b | 28x | 35.4x | 1.4x |
| Wed, 10 May 2023 | CN¥218.8b | CN¥159.0b | CN¥7.5b | 27.8x | 29.3x | 1.4x |
| Fri, 07 Apr 2023 | CN¥228.2b | CN¥164.7b | CN¥8.5b | 31x | 26.9x | 1.4x |
| Sun, 05 Mar 2023 | CN¥235.9b | CN¥163.1b | CN¥8.5b | 34.5x | 27.6x | 1.4x |
| Tue, 31 Jan 2023 | CN¥222.9b | CN¥163.4b | CN¥8.6b | 33.9x | 25.8x | 1.4x |
| Thu, 29 Dec 2022 | CN¥210.0b | CN¥163.1b | CN¥8.6b | 29.3x | 24.4x | 1.3x |
| Sat, 26 Nov 2022 | CN¥210.0b | CN¥163.0b | CN¥8.6b | 28.6x | 24.4x | 1.3x |
| Mon, 24 Oct 2022 | CN¥198.0b | CN¥160.1b | CN¥9.7b | 21.2x | 20.5x | 1.2x |
| Wed, 21 Sep 2022 | CN¥200.7b | CN¥159.6b | CN¥9.7b | 22.3x | 20.7x | 1.3x |
| Fri, 19 Aug 2022 | CN¥213.7b | CN¥160.1b | CN¥10.3b | 22.9x | 20.7x | 1.3x |
| Sun, 17 Jul 2022 | CN¥196.8b | CN¥160.2b | CN¥10.2b | 20.2x | 19.3x | 1.2x |
| Tue, 14 Jun 2022 | CN¥203.2b | CN¥160.2b | CN¥10.2b | 21.7x | 19.9x | 1.3x |
| Thu, 12 May 2022 | CN¥190.8b | CN¥160.2b | CN¥10.2b | 22.1x | 18.7x | 1.2x |
| Sat, 09 Apr 2022 | CN¥202.9b | CN¥155.8b | CN¥9.8b | 18.6x | 20.8x | 1.3x |
| Mon, 07 Mar 2022 | CN¥274.6b | CN¥159.9b | CN¥10.8b | 21.9x | 25.5x | 1.7x |
| Wed, 02 Feb 2022 | CN¥262.8b | CN¥158.3b | CN¥9.9b | 21.1x | 26.5x | 1.7x |
| Fri, 31 Dec 2021 | CN¥278.4b | CN¥158.1b | CN¥9.9b | 22.1x | 28x | 1.8x |
| Sun, 28 Nov 2021 | CN¥292.7b | CN¥158.0b | CN¥9.9b | 21.5x | 29.4x | 1.9x |
Price to Earnings Ratio
29.4x
Current Industry PE
- Investors are optimistic on the Chinese Textiles industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 36.6x which is higher than its 3-year average PE of 28.3x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Textiles industry have declined 15% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -3.39% | |
| Consumer Discretionary | -2.72% | |
| Luxury | -0.96% | |
| Textiles | -2.24% | |
| Apparel, Accessories and Luxury Goods | 0.59% | |
| Footwear | -1.92% | |
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 | |
|---|---|---|---|---|---|
| 601339 Bros Eastern.Ltd | CN¥5.69 | 5.4% +CN¥429.7m | 7.0% | PE23.2x | |
| 002327 Shenzhen Fuanna Bedding and FurnishingLtd | CN¥8.94 | 5.2% +CN¥368.0m | 6.3% | PE14.4x | |
| 603365 Shanghai Shuixing Home Textile | CN¥15.22 | 9.7% +CN¥352.1m | 2.9% | PE11.9x | |
| 603073 Zhejiang Cady Industry | CN¥17.73 | 13.7% +CN¥247.1m | -18.7% | PE23.6x | |
| 603130 Zhejiang YunzhongmaLtd | CN¥21.32 | 6.3% +CN¥174.6m | -3.6% | PE30.6x |
