Narrative Update • Apr 27
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Chinese (SSE) Energy Sector Analysis
UpdatedMay 18, 2026
DataAggregated Company Financials
Companies71
- 7D-2.3%
- 3M11.0%
- 1Y43.6%
- YTD24.8%
Over the last 7 days, the Energy industry has dropped 2.3%, driven by a pullback from China Merchants Energy Shipping of 11%. In contrast, Inner Mongolia Yitai CoalLtd has gained 8.1%. This takes the industry's 12 month performance to a gain of 44%. 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 |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | CN¥1.5t | CN¥903.1b | CN¥54.8b | 38.5x | 26.5x | 1.6x |
| Wed, 15 Apr 2026 | CN¥1.5t | CN¥952.3b | CN¥57.1b | 34.2x | 25.6x | 1.5x |
| Fri, 13 Mar 2026 | CN¥1.5t | CN¥945.7b | CN¥56.9b | 37.1x | 27.2x | 1.6x |
| Sun, 08 Feb 2026 | CN¥1.3t | CN¥954.1b | CN¥57.9b | 33.2x | 22.7x | 1.4x |
| Tue, 06 Jan 2026 | CN¥1.2t | CN¥954.3b | CN¥57.9b | 29.6x | 20.6x | 1.2x |
| Thu, 04 Dec 2025 | CN¥1.2t | CN¥954.2b | CN¥57.9b | 31.6x | 20.6x | 1.3x |
| Sat, 01 Nov 2025 | CN¥1.2t | CN¥957.1b | CN¥58.6b | 28.9x | 20.5x | 1.3x |
| Mon, 29 Sep 2025 | CN¥1.1t | CN¥972.9b | CN¥63.3b | 23.6x | 17.7x | 1.2x |
| Wed, 27 Aug 2025 | CN¥1.1t | CN¥994.6b | CN¥69.5b | 23.4x | 16.2x | 1.1x |
| Fri, 25 Jul 2025 | CN¥1.1t | CN¥999.7b | CN¥72.8b | 20.9x | 15.3x | 1.1x |
| Sun, 22 Jun 2025 | CN¥1.0t | CN¥1.0t | CN¥72.5b | 17.9x | 14.3x | 1x |
| Tue, 20 May 2025 | CN¥1.0t | CN¥1.0t | CN¥72.6b | 18.1x | 14.1x | 1x |
| Thu, 17 Apr 2025 | CN¥1.0t | CN¥1.0t | CN¥81.6b | 14.7x | 12.3x | 1x |
| Sat, 15 Mar 2025 | CN¥1.0t | CN¥1.0t | CN¥80.7b | 18.7x | 13x | 1x |
| Mon, 10 Feb 2025 | CN¥1.1t | CN¥1.0t | CN¥80.6b | 18.6x | 13.2x | 1.1x |
| Wed, 08 Jan 2025 | CN¥1.1t | CN¥1.0t | CN¥80.2b | 18.8x | 13.4x | 1.1x |
| Fri, 06 Dec 2024 | CN¥1.2t | CN¥1.0t | CN¥80.2b | 20.8x | 14.4x | 1.2x |
| Sun, 03 Nov 2024 | CN¥1.2t | CN¥1.0t | CN¥80.3b | 18.7x | 14.3x | 1.1x |
| Tue, 01 Oct 2024 | CN¥1.2t | CN¥1.0t | CN¥84.6b | 20.1x | 14.2x | 1.2x |
| Thu, 29 Aug 2024 | CN¥1.0t | CN¥1.0t | CN¥85.6b | 13.6x | 12.2x | 1x |
| Sat, 27 Jul 2024 | CN¥1.0t | CN¥1.0t | CN¥88.3b | 14x | 11.9x | 1x |
| Mon, 24 Jun 2024 | CN¥1.2t | CN¥1.0t | CN¥88.2b | 15.9x | 13.7x | 1.2x |
| Wed, 22 May 2024 | CN¥1.3t | CN¥1.0t | CN¥88.3b | 17.5x | 14.3x | 1.2x |
| Fri, 19 Apr 2024 | CN¥1.3t | CN¥1.1t | CN¥104.3b | 15x | 12.1x | 1.2x |
| Sun, 17 Mar 2024 | CN¥1.2t | CN¥1.1t | CN¥110.8b | 14.6x | 10.7x | 1.1x |
| Tue, 13 Feb 2024 | CN¥1.1t | CN¥1.1t | CN¥111.1b | 13x | 10x | 1x |
| Thu, 11 Jan 2024 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.2x | 10.3x | 1x |
| Sat, 09 Dec 2023 | CN¥1.1t | CN¥1.1t | CN¥110.0b | 13.8x | 9.7x | 1x |
| Mon, 06 Nov 2023 | CN¥1.0t | CN¥1.1t | CN¥109.8b | 14.3x | 9.4x | 1x |
| Wed, 04 Oct 2023 | CN¥1.1t | CN¥1.1t | CN¥118.2b | 14.6x | 9.1x | 1x |
| Fri, 01 Sep 2023 | CN¥992.5b | CN¥1.1t | CN¥120.5b | 13.8x | 8.2x | 0.9x |
| Sun, 30 Jul 2023 | CN¥1.0t | CN¥1.1t | CN¥145.8b | 14.6x | 7.1x | 0.9x |
| Tue, 27 Jun 2023 | CN¥988.2b | CN¥1.1t | CN¥144.9b | 13.6x | 6.8x | 0.9x |
| Thu, 25 May 2023 | CN¥1.1t | CN¥1.1t | CN¥145.2b | 14.4x | 7.4x | 0.9x |
Price to Earnings Ratio
7.4x
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 26.4x which is higher than its 3-year average PE of 14.1x.
- 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 | -0.83% | |
| Energy | -2.32% | |
| Oil and Gas | -1.97% | |
| Energy Services | -3.31% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.2x.
- 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 12.8x.
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 | |
|---|---|---|---|---|---|
| 900948 Inner Mongolia Yitai CoalLtd | US$2.91 | 8.1% +US$641.5m | 40.6% | PE11.2x | |
| 600903 Guizhou Gas Group | CN¥8.01 | 24.8% +CN¥1.8b | 13.8% | PE119.6x | |
| 600256 Guanghui Energy | CN¥6.40 | 4.4% +CN¥1.7b | 6.1% | PE46x | |
| 600777 Shandong Xinchao Energy | CN¥5.96 | 3.1% +CN¥1.2b | n/a | PE53.4x | |
| 688377 Nanjing Develop Advanced Manufacturing | CN¥43.15 | 14.9% +CN¥1.1b | 119.1% | PE72.7x |