Narrative Update • Sep 08
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Chinese (SSE) Energy Sector Analysis
UpdatedSep 15, 2026
DataAggregated Company Financials
Companies68
- 7D-0.2%
- 3M1.4%
- 1Y28.2%
- YTD21.1%
Last week, the Energy industry hasn't moved much but China Merchants Energy Shipping is up 7.4% in that time. As for the the longer term, the industry is up 28% over the past 12 months. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Wed, 16 Sep 2026 | CN¥1.4t | CN¥903.5b | CN¥67.1b | 30.1x | 21.1x | 1.6x |
| Fri, 14 Aug 2026 | CN¥1.4t | CN¥882.1b | CN¥55.1b | 32.6x | 25.1x | 1.6x |
| Sun, 12 Jul 2026 | CN¥1.3t | CN¥881.8b | CN¥54.9b | 31x | 24x | 1.5x |
| Tue, 09 Jun 2026 | CN¥1.5t | CN¥902.8b | CN¥54.8b | 37x | 27.2x | 1.7x |
| Thu, 07 May 2026 | CN¥1.5t | CN¥903.0b | CN¥54.9b | 41.7x | 28x | 1.7x |
| Sat, 04 Apr 2026 | CN¥1.5t | CN¥944.5b | CN¥57.3b | 32.1x | 25.5x | 1.5x |
| Mon, 02 Mar 2026 | CN¥1.5t | CN¥954.2b | CN¥57.9b | 35.7x | 25.5x | 1.5x |
| Wed, 28 Jan 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 31.9x | 22.3x | 1.4x |
| Fri, 26 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 29.4x | 20.4x | 1.2x |
| Sun, 23 Nov 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 29.3x | 20.1x | 1.2x |
| Tue, 21 Oct 2025 | CN¥1.2t | CN¥972.9b | CN¥63.3b | 28.1x | 18.5x | 1.2x |
| Thu, 18 Sep 2025 | CN¥1.1t | CN¥972.8b | CN¥63.3b | 24.3x | 17.9x | 1.2x |
| Sat, 16 Aug 2025 | CN¥1.1t | CN¥1.0t | CN¥72.9b | 22.7x | 15.2x | 1.1x |
| Mon, 14 Jul 2025 | CN¥1.1t | CN¥999.7b | CN¥72.8b | 19.1x | 14.4x | 1.1x |
| Wed, 11 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 17.8x | 14.1x | 1x |
| Fri, 09 May 2025 | CN¥1.0t | CN¥1.0t | CN¥73.1b | 18.3x | 13.7x | 1x |
| Sun, 06 Apr 2025 | CN¥1.0t | CN¥998.7b | CN¥81.5b | 16.8x | 12.8x | 1x |
| Tue, 04 Mar 2025 | CN¥1.0t | CN¥1.0t | CN¥80.7b | 18.4x | 12.5x | 1x |
| Thu, 30 Jan 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.4x | 13.3x | 1.1x |
| Sat, 28 Dec 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 19.7x | 13.8x | 1.1x |
| Mon, 25 Nov 2024 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 20.1x | 14.1x | 1.1x |
| Wed, 23 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.7b | 19.2x | 13.6x | 1.1x |
| Fri, 20 Sep 2024 | CN¥987.1b | CN¥1.0t | CN¥84.6b | 15.3x | 11.7x | 1x |
| Sun, 18 Aug 2024 | CN¥1.1t | CN¥1.0t | CN¥88.5b | 14.5x | 12x | 1x |
| Tue, 16 Jul 2024 | CN¥1.1t | CN¥1.0t | CN¥88.2b | 14.3x | 12.6x | 1.1x |
| Thu, 13 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 16.3x | 13.8x | 1.2x |
| Sat, 11 May 2024 | CN¥1.2t | CN¥1.0t | CN¥88.5b | 17.2x | 14x | 1.2x |
| Mon, 08 Apr 2024 | CN¥1.2t | CN¥1.1t | CN¥104.6b | 16.8x | 11.7x | 1.1x |
| Wed, 06 Mar 2024 | CN¥1.2t | CN¥1.0t | CN¥109.3b | 15.2x | 11.2x | 1.2x |
| Fri, 02 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥110.3b | 12.1x | 10x | 1x |
| Sun, 31 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.3x | 10x | 1x |
| Tue, 28 Nov 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 14.2x | 9.8x | 1x |
| Thu, 26 Oct 2023 | CN¥1.1t | CN¥1.1t | CN¥118.0b | 14x | 8.9x | 0.9x |
| Sat, 23 Sep 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.5x | 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 21.1x which is higher than its 3-year average PE of 16.1x.
- 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 | -2.56% | |
| Energy | -0.18% | |
| Oil and Gas | 0.57% | |
| Energy Services | -2.74% | |
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 35.5%, 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 14.6x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 35% 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¥20.50 | 7.4% +CN¥11.5b | 133.2% | PE15.3x | |
| 601001 Jinneng Holding Shanxi Coal Industryltd | CN¥17.21 | 4.4% +CN¥1.2b | 28.7% | PE17.2x | |
| 601225 Shaanxi Coal Industry | CN¥25.82 | 0.4% +CN¥1.1b | 27.4% | PE12.3x | |
| 600348 Shan Xi Hua Yang Group New EnergyLtd | CN¥9.16 | 3.2% +CN¥1.0b | 27.8% | PE17.4x | |
| 601918 China Coal Xinji EnergyLtd | CN¥10.38 | 1.3% +CN¥336.8m | 64.2% | PE11.1x |