Narrative Update • Jun 02

Over the last 7 days, the Energy industry has dropped 1.3%, driven by China Merchants Energy Shipping declining 7.4%. Over the past 12 months, the industry was up 45%. As for the next few years, earnings are expected to grow by 19% per annum.
Has the Chinese Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | CN¥1.5t | CN¥902.8b | CN¥54.8b | 35.5x | 26.8x | 1.6x |
| Fri, 08 May 2026 | CN¥1.5t | CN¥903.0b | CN¥54.9b | 41.7x | 28x | 1.7x |
| Sun, 05 Apr 2026 | CN¥1.5t | CN¥944.5b | CN¥57.3b | 32.1x | 25.5x | 1.5x |
| Tue, 03 Mar 2026 | CN¥1.5t | CN¥954.2b | CN¥57.9b | 35.7x | 25.5x | 1.5x |
| Thu, 29 Jan 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 34x | 23.1x | 1.4x |
| Sat, 27 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 29.7x | 20.6x | 1.2x |
| Mon, 24 Nov 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 29.3x | 20.1x | 1.2x |
| Wed, 22 Oct 2025 | CN¥1.2t | CN¥972.9b | CN¥63.3b | 28.9x | 19.1x | 1.2x |
| Fri, 19 Sep 2025 | CN¥1.1t | CN¥972.8b | CN¥63.3b | 23.9x | 17.5x | 1.1x |
| Sun, 17 Aug 2025 | CN¥1.1t | CN¥999.0b | CN¥72.6b | 22.7x | 15.3x | 1.1x |
| Tue, 15 Jul 2025 | CN¥1.1t | CN¥999.7b | CN¥72.8b | 19.1x | 14.5x | 1.1x |
| Thu, 12 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 17.9x | 14.2x | 1x |
| Sat, 10 May 2025 | CN¥1.0t | CN¥1.0t | CN¥73.1b | 17.9x | 13.7x | 1x |
| Mon, 07 Apr 2025 | CN¥1.0t | CN¥998.7b | CN¥81.5b | 16.8x | 12.8x | 1x |
| Wed, 05 Mar 2025 | CN¥1.0t | CN¥1.0t | CN¥80.7b | 18.5x | 12.4x | 1x |
| Fri, 31 Jan 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.4x | 13.3x | 1.1x |
| Sun, 29 Dec 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 19.7x | 13.8x | 1.1x |
| Tue, 26 Nov 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 20.1x | 14.1x | 1.1x |
| Thu, 24 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.6b | 20.1x | 13.6x | 1.2x |
| Sat, 21 Sep 2024 | CN¥992.0b | CN¥1.0t | CN¥84.6b | 15.6x | 11.7x | 1x |
| Mon, 19 Aug 2024 | CN¥1.1t | CN¥1.0t | CN¥88.5b | 14.5x | 12x | 1x |
| Wed, 17 Jul 2024 | CN¥1.1t | CN¥1.0t | CN¥88.2b | 14.3x | 12.6x | 1.1x |
| Fri, 14 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 16.2x | 14x | 1.2x |
| Sun, 12 May 2024 | CN¥1.2t | CN¥1.0t | CN¥88.5b | 17.2x | 14x | 1.2x |
| Tue, 09 Apr 2024 | CN¥1.2t | CN¥1.1t | CN¥104.6b | 16.8x | 11.6x | 1.1x |
| Thu, 07 Mar 2024 | CN¥1.2t | CN¥1.0t | CN¥109.3b | 15.5x | 11.3x | 1.2x |
| Sat, 03 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥110.3b | 11.8x | 9.8x | 1x |
| Mon, 01 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.3x | 10x | 1x |
| Wed, 29 Nov 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 14.2x | 9.8x | 1x |
| Fri, 27 Oct 2023 | CN¥1.0t | CN¥1.1t | CN¥115.4b | 14.3x | 9x | 0.9x |
| Sun, 24 Sep 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.5x | 9.1x | 1x |
| Tue, 22 Aug 2023 | CN¥993.3b | CN¥1.1t | CN¥140.5b | 14.2x | 7.1x | 0.9x |
| Thu, 20 Jul 2023 | CN¥1.0t | CN¥1.1t | CN¥145.9b | 14.5x | 7x | 0.9x |
| Sat, 17 Jun 2023 | CN¥1.0t | CN¥1.1t | CN¥144.9b | 14.1x | 7.1x | 0.9x |
7.1x
Which industries have driven the changes within the Chinese Energy sector?
| CN Market | -2.10% | |
| Energy | -1.98% | |
| Energy Services | -1.54% | |
| Oil and Gas | -2.12% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600403 Henan Dayou Energy | CN¥7.65 | 13.7% +CN¥2.2b | 94.2% | PS4.5x | |
| 002353 Yantai Jereh Oilfield Services Group | CN¥144.80 | 1.2% +CN¥1.8b | 317.7% | PE52.7x | |
| 601666 Pingdingshan Tianan Coal. Mining | CN¥9.05 | 8.0% +CN¥1.6b | 17.7% | PE105.9x | |
| 603800 Jiangsu Hongtian TechnologyLtd | CN¥79.00 | 4.1% +CN¥631.2m | 247.6% | PE670.8x | |
| 603036 Jiangsu Rutong Petro-Machinery | CN¥14.71 | 9.4% +CN¥261.6m | -15.4% | PE30.4x |