Narrative Update • Apr 27

Over the last 7 days, the Energy industry has dropped 3.2%, driven by China Merchants Energy Shipping declining 8.1%. Over the past 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 20% annually.
Has the Chinese Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | CN¥1.4t | CN¥903.1b | CN¥54.7b | 37.1x | 25.8x | 1.6x |
| Sat, 25 Apr 2026 | CN¥1.5t | CN¥939.2b | CN¥56.1b | 34.7x | 26.7x | 1.6x |
| Mon, 23 Mar 2026 | CN¥1.5t | CN¥945.6b | CN¥57.8b | 34.6x | 25.6x | 1.6x |
| Wed, 18 Feb 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 34.4x | 23.1x | 1.4x |
| Fri, 16 Jan 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 31.1x | 21.9x | 1.3x |
| Sun, 14 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 28.8x | 20.3x | 1.2x |
| Tue, 11 Nov 2025 | CN¥1.2t | CN¥954.1b | CN¥57.9b | 32.6x | 21.5x | 1.3x |
| Thu, 09 Oct 2025 | CN¥1.1t | CN¥972.9b | CN¥63.3b | 24.5x | 17.7x | 1.1x |
| Sat, 06 Sep 2025 | CN¥1.1t | CN¥974.7b | CN¥63.3b | 24.2x | 17.3x | 1.1x |
| Mon, 04 Aug 2025 | CN¥1.1t | CN¥999.6b | CN¥72.8b | 20.4x | 14.6x | 1.1x |
| Wed, 02 Jul 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 18.2x | 14.2x | 1x |
| Fri, 30 May 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 17.8x | 14.2x | 1x |
| Sun, 27 Apr 2025 | CN¥1.0t | CN¥1.0t | CN¥81.2b | 15.5x | 12.4x | 1x |
| Tue, 25 Mar 2025 | CN¥1.1t | CN¥1.0t | CN¥80.8b | 18x | 13.2x | 1.1x |
| Thu, 20 Feb 2025 | CN¥1.0t | CN¥1.0t | CN¥80.6b | 18.5x | 12.8x | 1x |
| Sat, 18 Jan 2025 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 18.4x | 13.5x | 1.1x |
| Mon, 16 Dec 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 20.2x | 14.3x | 1.1x |
| Wed, 13 Nov 2024 | CN¥1.2t | CN¥1.0t | CN¥80.2b | 20x | 14.4x | 1.2x |
| Fri, 11 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.6b | 19.8x | 13.8x | 1.2x |
| Sun, 08 Sep 2024 | CN¥991.7b | CN¥1.0t | CN¥83.5b | 14.8x | 11.9x | 1x |
| Tue, 06 Aug 2024 | CN¥1.0t | CN¥1.0t | CN¥88.2b | 14.2x | 11.7x | 1x |
| Thu, 04 Jul 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 14.5x | 13.3x | 1.1x |
| Sat, 01 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 16.5x | 14.2x | 1.2x |
| Mon, 29 Apr 2024 | CN¥1.2t | CN¥1.0t | CN¥94.2b | 17.1x | 12.7x | 1.2x |
| Wed, 27 Mar 2024 | CN¥1.2t | CN¥1.1t | CN¥105.9b | 14.9x | 10.9x | 1.1x |
| Fri, 23 Feb 2024 | CN¥1.2t | CN¥1.1t | CN¥111.1b | 13.3x | 10.9x | 1.1x |
| Sun, 21 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 12.7x | 9.9x | 1x |
| Tue, 19 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.6x | 9.8x | 1x |
| Thu, 16 Nov 2023 | CN¥1.1t | CN¥1.1t | CN¥109.8b | 14.5x | 9.6x | 1x |
| Sat, 14 Oct 2023 | CN¥1.1t | CN¥1.1t | CN¥117.7b | 13.8x | 9x | 0.9x |
| Mon, 11 Sep 2023 | CN¥1.0t | CN¥1.1t | CN¥118.2b | 14.4x | 8.8x | 0.9x |
| Wed, 09 Aug 2023 | CN¥1.0t | CN¥1.1t | CN¥144.1b | 14.4x | 7x | 0.9x |
| Fri, 07 Jul 2023 | CN¥1.0t | CN¥1.1t | CN¥144.9b | 14.3x | 7.2x | 0.9x |
| Sun, 04 Jun 2023 | CN¥1.0t | CN¥1.1t | CN¥145.1b | 14.3x | 7.1x | 0.9x |
7.1x
Which industries have driven the changes within the Chinese Energy sector?
| CN Market | -1.48% | |
| Energy | -3.21% | |
| Oil and Gas | -2.24% | |
| Energy Services | -6.00% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 002353 Yantai Jereh Oilfield Services Group | CN¥148.08 | 11.4% +CN¥15.4b | 326.0% | PE53.9x | |
| 601225 Shaanxi Coal Industry | CN¥24.66 | 5.3% +CN¥12.0b | 18.3% | PE14.8x | |
| 900948 Inner Mongolia Yitai CoalLtd | US$2.89 | 7.2% +US$568.3m | 38.5% | PE11.1x | |
| 601699 Shanxi Lu'an Environmental Energy Development | CN¥15.61 | 8.8% +CN¥3.8b | 44.0% | PE39.7x | |
| 601918 China Coal Xinji EnergyLtd | CN¥9.55 | 10.4% +CN¥2.3b | 41.5% | PE11.5x |