Narrative Update • Jun 16
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Chinese (SSE) Energy Sector Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies70
- 7D-0.2%
- 3M-2.3%
- 1Y36.3%
- YTD21.8%
Over the last 7 days, the Energy industry has dropped 4.3%, driven by a pullback from Shaanxi Coal Industry of 7.8%. In contrast, Yantai Jereh Oilfield Services Group has gained 12%. Over the past 12 months, the industry was up 34%. Earnings are forecast to grow by 19% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | CN¥1.4t | CN¥902.8b | CN¥54.7b | 35x | 26.3x | 1.6x |
| Thu, 21 May 2026 | CN¥1.5t | CN¥903.1b | CN¥54.7b | 42.1x | 26.7x | 1.6x |
| Sat, 18 Apr 2026 | CN¥1.5t | CN¥954.5b | CN¥58.0b | 33.5x | 25.3x | 1.5x |
| Mon, 16 Mar 2026 | CN¥1.5t | CN¥945.6b | CN¥56.9b | 36.5x | 26.7x | 1.6x |
| Wed, 11 Feb 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 33.9x | 23.2x | 1.4x |
| Fri, 09 Jan 2026 | CN¥1.2t | CN¥954.3b | CN¥57.9b | 31.9x | 21.4x | 1.3x |
| Sun, 07 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 30.4x | 20.7x | 1.3x |
| Tue, 04 Nov 2025 | CN¥1.2t | CN¥957.6b | CN¥58.7b | 27.6x | 20.8x | 1.3x |
| Thu, 02 Oct 2025 | CN¥1.1t | CN¥972.9b | CN¥63.3b | 24.5x | 17.7x | 1.1x |
| Sat, 30 Aug 2025 | CN¥1.1t | CN¥975.7b | CN¥63.6b | 25.2x | 17.2x | 1.1x |
| Mon, 28 Jul 2025 | CN¥1.1t | CN¥999.7b | CN¥72.8b | 20.8x | 15.2x | 1.1x |
| Wed, 25 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 18.3x | 14.3x | 1x |
| Fri, 23 May 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 18.2x | 14.2x | 1x |
| Sun, 20 Apr 2025 | CN¥1.0t | CN¥1.0t | CN¥81.7b | 14.8x | 12.2x | 1x |
| Tue, 18 Mar 2025 | CN¥1.1t | CN¥1.0t | CN¥80.7b | 18.8x | 13x | 1x |
| Thu, 13 Feb 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.7x | 13.1x | 1.1x |
| Sat, 11 Jan 2025 | CN¥1.0t | CN¥1.0t | CN¥80.2b | 18.1x | 13x | 1x |
| Mon, 09 Dec 2024 | CN¥1.2t | CN¥1.0t | CN¥80.2b | 20.8x | 14.5x | 1.2x |
| Wed, 06 Nov 2024 | CN¥1.2t | CN¥1.0t | CN¥80.2b | 19.2x | 14.6x | 1.2x |
| Fri, 04 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.6b | 20.1x | 14.2x | 1.2x |
| Sun, 01 Sep 2024 | CN¥1.1t | CN¥1.0t | CN¥83.5b | 14.6x | 12.6x | 1x |
| Tue, 30 Jul 2024 | CN¥1.0t | CN¥1.0t | CN¥88.3b | 14.2x | 11.8x | 1x |
| Thu, 27 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 15.9x | 13.3x | 1.2x |
| Sat, 25 May 2024 | CN¥1.2t | CN¥1.0t | CN¥88.3b | 16.7x | 14x | 1.2x |
| Mon, 22 Apr 2024 | CN¥1.3t | CN¥1.1t | CN¥97.9b | 15.2x | 13.1x | 1.2x |
| Wed, 20 Mar 2024 | CN¥1.2t | CN¥1.1t | CN¥110.3b | 15.6x | 10.7x | 1.1x |
| Fri, 16 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥111.1b | 13x | 10x | 1x |
| Sun, 14 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.2x | 10.3x | 1x |
| Tue, 12 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 14.1x | 9.9x | 1x |
| Thu, 09 Nov 2023 | CN¥1.0t | CN¥1.1t | CN¥109.8b | 14.3x | 9.3x | 1x |
| Sat, 07 Oct 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.6x | 9.1x | 1x |
| Mon, 04 Sep 2023 | CN¥1.0t | CN¥1.1t | CN¥120.2b | 14.1x | 8.5x | 0.9x |
| Wed, 02 Aug 2023 | CN¥1.0t | CN¥1.1t | CN¥145.8b | 14.8x | 7.1x | 0.9x |
| Fri, 30 Jun 2023 | CN¥1.0t | CN¥1.1t | CN¥144.9b | 14.2x | 6.9x | 0.9x |
Price to Earnings Ratio
6.9x
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 25.5x 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 1.5x.
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 | 3.49% | |
| Energy | -0.25% | |
| Energy Services | 5.61% | |
| Oil and Gas | -2.18% | |
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 25.4%, 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 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¥19.92 | 21.6% +CN¥28.6b | 221.3% | PE20.3x | |
| 002353 Yantai Jereh Oilfield Services Group | CN¥164.70 | 8.0% +CN¥12.4b | 378.5% | PE59.9x | |
| 600397 Jiangxi Tungsten Rare And Precious Equipment | CN¥24.44 | 46.4% +CN¥7.7b | 295.5% | PS13.8x | |
| 600777 Shandong Xinchao Energy | CN¥5.40 | 8.2% +CN¥2.8b | n/a | PE48.4x | |
| 900948 Inner Mongolia Yitai CoalLtd | US$2.70 | 5.1% +US$383.7m | 35.0% | PE10.4x |