Chinese (SSE) Energy Sector Analysis

Sector Valuation and Performance

Has the Chinese Energy Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 09 May 2026	CN¥1.5t	CN¥903.1b	CN¥54.9b	39.2x	27.1x	1.7x
Mon, 06 Apr 2026	CN¥1.5t	CN¥944.5b	CN¥57.3b	32.1x	25.5x	1.5x
Wed, 04 Mar 2026	CN¥1.6t	CN¥954.1b	CN¥57.9b	39.5x	27.9x	1.7x
Fri, 30 Jan 2026	CN¥1.4t	CN¥954.1b	CN¥57.9b	34.5x	23.3x	1.4x
Sun, 28 Dec 2025	CN¥1.2t	CN¥954.2b	CN¥57.9b	29.7x	20.6x	1.2x
Tue, 25 Nov 2025	CN¥1.2t	CN¥954.2b	CN¥57.9b	29.8x	20.1x	1.2x
Thu, 23 Oct 2025	CN¥1.2t	CN¥969.6b	CN¥63.3b	28.7x	19x	1.2x
Sat, 20 Sep 2025	CN¥1.1t	CN¥972.8b	CN¥63.3b	23.7x	17.9x	1.2x
Mon, 18 Aug 2025	CN¥1.1t	CN¥999.0b	CN¥72.6b	22.7x	15.3x	1.1x
Wed, 16 Jul 2025	CN¥1.0t	CN¥999.7b	CN¥72.8b	18.6x	14.2x	1x
Fri, 13 Jun 2025	CN¥1.0t	CN¥1.0t	CN¥72.5b	17.8x	14.1x	1x
Sun, 11 May 2025	CN¥1.0t	CN¥1.0t	CN¥73.1b	17.9x	13.7x	1x
Tue, 08 Apr 2025	CN¥955.7b	CN¥998.7b	CN¥81.5b	15.1x	11.7x	1x
Thu, 06 Mar 2025	CN¥999.2b	CN¥1.0t	CN¥80.7b	18.4x	12.4x	1x
Sat, 01 Feb 2025	CN¥1.1t	CN¥1.0t	CN¥80.6b	18.4x	13.3x	1.1x
Mon, 30 Dec 2024	CN¥1.1t	CN¥1.0t	CN¥80.2b	19.7x	13.8x	1.1x
Wed, 27 Nov 2024	CN¥1.1t	CN¥1.0t	CN¥80.2b	19.6x	14x	1.1x
Fri, 25 Oct 2024	CN¥1.2t	CN¥1.0t	CN¥85.1b	20x	13.5x	1.1x
Sun, 22 Sep 2024	CN¥992.0b	CN¥1.0t	CN¥84.6b	15.6x	11.7x	1x
Tue, 20 Aug 2024	CN¥1.1t	CN¥1.0t	CN¥88.3b	14.5x	12.1x	1.1x
Thu, 18 Jul 2024	CN¥1.1t	CN¥1.0t	CN¥88.2b	14.2x	12.3x	1.1x
Sat, 15 Jun 2024	CN¥1.2t	CN¥1.0t	CN¥88.2b	16.3x	14x	1.2x
Mon, 13 May 2024	CN¥1.2t	CN¥1.0t	CN¥88.5b	17.2x	14x	1.2x
Wed, 10 Apr 2024	CN¥1.2t	CN¥1.1t	CN¥104.4b	16x	11.6x	1.1x
Fri, 08 Mar 2024	CN¥1.3t	CN¥1.1t	CN¥111.0b	14.8x	11.3x	1.2x
Sun, 04 Feb 2024	CN¥1.1t	CN¥1.1t	CN¥110.4b	11.8x	9.8x	1x
Tue, 02 Jan 2024	CN¥1.1t	CN¥1.1t	CN¥110.0b	13.3x	10x	1x
Thu, 30 Nov 2023	CN¥1.1t	CN¥1.1t	CN¥110.0b	14.2x	9.9x	1x
Sat, 28 Oct 2023	CN¥1.0t	CN¥1.1t	CN¥111.2b	14.4x	9.4x	0.9x
Mon, 25 Sep 2023	CN¥1.1t	CN¥1.1t	CN¥118.2b	14.5x	9.1x	1x
Wed, 23 Aug 2023	CN¥986.3b	CN¥1.1t	CN¥140.1b	14.1x	7x	0.9x
Fri, 21 Jul 2023	CN¥1.0t	CN¥1.1t	CN¥145.9b	14.4x	7x	0.9x
Sun, 18 Jun 2023	CN¥1.0t	CN¥1.1t	CN¥144.9b	14.1x	7.1x	0.9x
Tue, 16 May 2023	CN¥1.1t	CN¥1.1t	CN¥146.1b	15x	7.7x	1x

Current Industry PE

Investors are optimistic on the Chinese Energy industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 28.0x which is higher than its 3-year average PE of 14.0x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.

Past Earnings Growth

The earnings for companies in the Energy industry have declined 28% per year over the last three years,
Revenues have also declined 7.7% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Chinese Energy sector?


CN Market	2.26%
Energy	1.93%
Energy Services	4.86%
Oil and Gas	0.96%

Industry PE

Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.0x.

Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings decline of 13.1% per year.

Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.7x.

Forecasted Growth

Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 25% over the next 5 years.
This is better than its past earnings decline of 13% per year.

In contrast, the Oil and Gas industry is expected to see its earnings grow by 17% 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
601872 China Merchants Energy Shipping	CN¥19.49	10.7% +CN¥15.3b	224.3%	PE19.9x
002353 Yantai Jereh Oilfield Services Group	CN¥146.38	6.8% +CN¥9.6b	351.2%	PE53.3x
601975 Nanjing Tanker	CN¥5.00	11.6% +CN¥2.4b	84.5%	PE16x
600397 Jiangxi Tungsten Rare And Precious Equipment	CN¥15.36	7.0% +CN¥999.9m	199.4%	PS8.7x
000937 Jizhong Energy Resources	CN¥5.81	3.4% +CN¥671.4m	-12.1%	PE50.7x

Company

Last Price

Valuation

601872 China Merchants Energy Shipping

CN¥19.49

10.7%
+CN¥15.3b

224.3%

PE19.9x

002353 Yantai Jereh Oilfield Services Group

CN¥146.38

6.8%
+CN¥9.6b

351.2%

PE53.3x

601975 Nanjing Tanker

CN¥5.00

11.6%
+CN¥2.4b

84.5%

PE16x

600397 Jiangxi Tungsten Rare And Precious Equipment

CN¥15.36

7.0%
+CN¥999.9m

199.4%

PS8.7x

000937 Jizhong Energy Resources

CN¥5.81

3.4%
+CN¥671.4m

-12.1%

PE50.7x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change).

Chinese (SSE) Energy Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 18%

New minor risk - Profit margin trend

New minor risk - Dividend sustainability

Now 25% overvalued after recent price rise

New minor risk - Financial position

First quarter 2026 earnings released: EPS: CN¥0.032 (vs CN¥0.09 in 1Q 2025)

Now 27% overvalued after recent price rise

Full year 2025 earnings released: EPS: CN¥0.037 (vs CN¥0.12 in FY 2024)

First quarter 2026 earnings released: EPS: CN¥0.20 (vs CN¥0.31 in 1Q 2025)

New minor risk - Dividend sustainability

Shanxi Lu'an Environmental Energy Development Co., Ltd., Annual General Meeting, May 20, 2026

First quarter 2026 earnings: EPS and revenues miss analyst expectations

First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat

Guanghui Energy Co., Ltd., Annual General Meeting, May 20, 2026

New major risk - Financial position

First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind