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
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
Sun, 28 May 2023	CN¥1.0t	CN¥1.1t	CN¥145.1b	14.5x	7.2x	0.9x

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 26.9x which is higher than its 3-year average PE of 14.2x.

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	-2.42%
Energy	-1.08%
Oil and Gas	-0.34%
Energy Services	-3.16%

Industry PE

Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.3x.

Analysts are expecting annual earnings growth of 26.5%, 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 12.9x.

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
601225 Shaanxi Coal Industry	CN¥24.17	3.1% +CN¥7.0b	15.6%	PE14.5x
600903 Guizhou Gas Group	CN¥9.83	41.0% +CN¥3.3b	39.4%	PE146.8x
600339 China Petroleum Engineering	CN¥4.27	9.5% +CN¥2.1b	35.6%	PE64x
601975 Nanjing Tanker	CN¥5.33	8.3% +CN¥1.9b	92.4%	PE17.1x
600256 Guanghui Energy	CN¥6.49	4.7% +CN¥1.9b	8.3%	PE46.7x

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 15%

Shaanxi Coal Industry Company Limited, Annual General Meeting, Jun 11, 2026

Price target increased by 9.4% to CN¥53.20

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 18%

Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 25, 2026

Now 25% overvalued after recent price rise

Now 27% overvalued after recent price rise

New minor risk - Dividend sustainability

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

Full year 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.05 in FY 2024)

Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.17 loss in FY 2024)

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

China Petroleum Engineering Corporation, Annual General Meeting, May 14, 2026