Narrative Update • Jun 16
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Chinese (SSE) Energy Sector Analysis
UpdatedJun 24, 2026
DataAggregated Company Financials
Companies70
- 7D1.3%
- 3M-2.0%
- 1Y38.0%
- YTD21.1%
The Energy industry is up 1.3% in the last week, with China Merchants Energy Shipping up 22%. During this same period, the Shaanxi Coal Industry underperformed, falling 7.5%. This means that the industry has gained 38% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | CN¥1.4t | CN¥902.8b | CN¥54.7b | 35.5x | 26.2x | 1.6x |
| Fri, 22 May 2026 | CN¥1.4t | CN¥903.2b | CN¥54.8b | 40.5x | 25.9x | 1.6x |
| Sun, 19 Apr 2026 | CN¥1.5t | CN¥954.5b | CN¥58.0b | 33.5x | 25.3x | 1.5x |
| Tue, 17 Mar 2026 | CN¥1.5t | CN¥945.6b | CN¥56.9b | 36.5x | 26.7x | 1.6x |
| Thu, 12 Feb 2026 | CN¥1.4t | CN¥954.1b | CN¥57.9b | 34.7x | 23.5x | 1.4x |
| Sat, 10 Jan 2026 | CN¥1.3t | CN¥954.3b | CN¥57.9b | 32.4x | 21.7x | 1.3x |
| Mon, 08 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 30.4x | 20.7x | 1.3x |
| Wed, 05 Nov 2025 | CN¥1.2t | CN¥954.8b | CN¥58.1b | 28.3x | 20.9x | 1.3x |
| Fri, 03 Oct 2025 | CN¥1.1t | CN¥972.9b | CN¥63.3b | 24.5x | 17.7x | 1.1x |
| Sun, 31 Aug 2025 | CN¥1.1t | CN¥975.7b | CN¥63.6b | 25.2x | 17.2x | 1.1x |
| Tue, 29 Jul 2025 | CN¥1.1t | CN¥999.7b | CN¥72.8b | 20.6x | 14.9x | 1.1x |
| Thu, 26 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 18.3x | 14.1x | 1x |
| Sat, 24 May 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 18x | 14.1x | 1x |
| Mon, 21 Apr 2025 | CN¥1.0t | CN¥1.0t | CN¥81.7b | 14.8x | 12.2x | 1x |
| Wed, 19 Mar 2025 | CN¥1.1t | CN¥1.0t | CN¥80.9b | 19x | 13x | 1x |
| Fri, 14 Feb 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.6x | 13x | 1x |
| Sun, 12 Jan 2025 | CN¥1.0t | CN¥1.0t | CN¥80.2b | 18.1x | 13x | 1x |
| Tue, 10 Dec 2024 | CN¥1.2t | CN¥1.0t | CN¥80.2b | 20.6x | 14.5x | 1.2x |
| Thu, 07 Nov 2024 | CN¥1.2t | CN¥1.0t | CN¥80.1b | 19.2x | 14.4x | 1.2x |
| Sat, 05 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.6b | 20.1x | 14.2x | 1.2x |
| Mon, 02 Sep 2024 | CN¥1.1t | CN¥1.0t | CN¥83.6b | 14.6x | 12.6x | 1x |
| Wed, 31 Jul 2024 | CN¥1.0t | CN¥1.0t | CN¥88.3b | 14.2x | 11.7x | 1x |
| Fri, 28 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 14.4x | 13.1x | 1.1x |
| Sun, 26 May 2024 | CN¥1.2t | CN¥1.0t | CN¥88.3b | 16.7x | 14x | 1.2x |
| Tue, 23 Apr 2024 | CN¥1.3t | CN¥1.1t | CN¥97.9b | 15.2x | 13.1x | 1.2x |
| Thu, 21 Mar 2024 | CN¥1.2t | CN¥1.1t | CN¥110.3b | 15.5x | 10.7x | 1.1x |
| Sat, 17 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥111.1b | 13x | 10x | 1x |
| Mon, 15 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.2x | 10.3x | 1x |
| Wed, 13 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 14x | 9.9x | 1x |
| Fri, 10 Nov 2023 | CN¥1.0t | CN¥1.1t | CN¥109.8b | 14.3x | 9.5x | 1x |
| Sun, 08 Oct 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.6x | 9.1x | 1x |
| Tue, 05 Sep 2023 | CN¥1.1t | CN¥1.1t | CN¥119.8b | 14.7x | 8.8x | 0.9x |
| Thu, 03 Aug 2023 | CN¥1.0t | CN¥1.1t | CN¥145.8b | 14.6x | 7x | 0.9x |
| Sat, 01 Jul 2023 | CN¥1.0t | CN¥1.1t | CN¥144.9b | 14.2x | 7x | 0.9x |
Price to Earnings Ratio
7x
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 26.2x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
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 | 0.70% | |
| Energy | 1.30% | |
| Energy Services | 3.19% | |
| Oil and Gas | 0.66% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 25.5%, 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 13.4x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 26% 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¥21.91 | 28.1% +CN¥38.8b | 253.4% | PE22.4x | |
| 600397 Jiangxi Tungsten Rare And Precious Equipment | CN¥25.51 | 38.9% +CN¥7.1b | 316.8% | PS14.4x | |
| 600777 Shandong Xinchao Energy | CN¥5.46 | 15.2% +CN¥4.9b | n/a | PE48.9x | |
| 603698 Changzheng Engineering TechnologyLtd | CN¥37.36 | 17.8% +CN¥3.0b | 119.9% | PE89.6x | |
| 900948 Inner Mongolia Yitai CoalLtd | US$2.72 | 5.9% +US$442.3m | 36.0% | PE10.5x |