Narrative Update • Sep 08
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Chinese (SSE) Energy Sector Analysis
UpdatedSep 22, 2026
DataAggregated Company Financials
Companies68
- 7D2.8%
- 3M2.8%
- 1Y32.5%
- YTD24.5%
Over the last 7 days, the Energy industry has remained flat, although notably China Merchants Energy Shipping gained 15%. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 22 Sep 2026 | CN¥1.5t | CN¥903.4b | CN¥67.1b | 30.2x | 21.7x | 1.6x |
| Thu, 20 Aug 2026 | CN¥1.4t | CN¥884.8b | CN¥55.5b | 32.7x | 25.7x | 1.6x |
| Sat, 18 Jul 2026 | CN¥1.3t | CN¥881.8b | CN¥54.9b | 27.7x | 23.2x | 1.4x |
| Mon, 15 Jun 2026 | CN¥1.5t | CN¥902.8b | CN¥54.8b | 36.9x | 26.7x | 1.6x |
| Wed, 13 May 2026 | CN¥1.5t | CN¥903.1b | CN¥54.8b | 39.3x | 26.8x | 1.6x |
| Fri, 10 Apr 2026 | CN¥1.5t | CN¥944.5b | CN¥57.3b | 32.5x | 25.6x | 1.6x |
| Sun, 08 Mar 2026 | CN¥1.5t | CN¥954.2b | CN¥58.0b | 36.4x | 26.7x | 1.6x |
| Tue, 03 Feb 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 31.9x | 21.8x | 1.3x |
| Thu, 01 Jan 2026 | CN¥1.2t | CN¥954.3b | CN¥57.9b | 29.3x | 20.4x | 1.2x |
| Sat, 29 Nov 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 31.2x | 20.3x | 1.2x |
| Mon, 27 Oct 2025 | CN¥1.2t | CN¥969.7b | CN¥63.0b | 27.1x | 18.9x | 1.2x |
| Wed, 24 Sep 2025 | CN¥1.1t | CN¥972.9b | CN¥63.3b | 23.6x | 17.7x | 1.1x |
| Fri, 22 Aug 2025 | CN¥1.1t | CN¥996.6b | CN¥72.3b | 22.7x | 15.4x | 1.1x |
| Sun, 20 Jul 2025 | CN¥1.0t | CN¥999.7b | CN¥72.8b | 18.6x | 14.3x | 1x |
| Tue, 17 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 17.9x | 14.4x | 1x |
| Thu, 15 May 2025 | CN¥1.0t | CN¥1.0t | CN¥72.8b | 18.3x | 14x | 1x |
| Sat, 12 Apr 2025 | CN¥981.5b | CN¥1.0t | CN¥81.8b | 15.4x | 12x | 1x |
| Mon, 10 Mar 2025 | CN¥1.0t | CN¥1.0t | CN¥80.7b | 18.6x | 12.5x | 1x |
| Wed, 05 Feb 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.4x | 13.3x | 1.1x |
| Fri, 03 Jan 2025 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 19.1x | 13.5x | 1.1x |
| Sun, 01 Dec 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 20.4x | 14.1x | 1.1x |
| Tue, 29 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.0b | 20.2x | 14x | 1.2x |
| Thu, 26 Sep 2024 | CN¥1.1t | CN¥1.0t | CN¥84.6b | 16.6x | 12.5x | 1.1x |
| Sat, 24 Aug 2024 | CN¥1.0t | CN¥1.0t | CN¥86.6b | 13.8x | 11.9x | 1x |
| Mon, 22 Jul 2024 | CN¥1.1t | CN¥1.0t | CN¥88.2b | 14.1x | 12.3x | 1.1x |
| Wed, 19 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 16x | 13.7x | 1.2x |
| Fri, 17 May 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 17.4x | 13.8x | 1.2x |
| Sun, 14 Apr 2024 | CN¥1.2t | CN¥1.1t | CN¥104.7b | 15.6x | 11.8x | 1.2x |
| Tue, 12 Mar 2024 | CN¥1.2t | CN¥1.1t | CN¥111.0b | 14.6x | 11x | 1.1x |
| Thu, 08 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥111.4b | 12.8x | 9.9x | 1x |
| Sat, 06 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.6x | 10.4x | 1.1x |
| Mon, 04 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 14.4x | 9.9x | 1x |
| Wed, 01 Nov 2023 | CN¥1.0t | CN¥1.1t | CN¥110.8b | 14.2x | 9.4x | 0.9x |
| Fri, 29 Sep 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.6x | 9.1x | 1x |
Price to Earnings Ratio
9.1x
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 21.2x which is higher than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 1.2x 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 17% per year over the last three years,
- Revenues have also declined 6.8% 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 | 2.90% | |
| Energy | 2.77% | |
| Energy Services | 3.10% | |
| Oil and Gas | 2.68% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 24.7x.
- Analysts are expecting annual earnings growth of 36.0%, which is higher than its past year's earnings decline of 5.8% 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 14.7x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 5.8% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 11% 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¥21.45 | 4.6% +CN¥7.7b | 146.3% | PE16x | |
| 002128 Inner Mongolia Dian Tou Energy | CN¥28.24 | 4.1% +CN¥3.5b | 24.6% | PE12.3x | |
| 601225 Shaanxi Coal Industry | CN¥26.09 | 1.0% +CN¥2.6b | 26.3% | PE12.4x | |
| 900948 Inner Mongolia Yitai CoalLtd | US$3.49 | 3.3% +US$325.0m | 80.2% | PE9.6x | |
| 600403 Henan Dayou Energy | CN¥7.60 | 13.6% +CN¥2.2b | 102.7% | PS4.2x |