What Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) 28% Share Price Gain Is Not Telling You
Jan 23
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Chinese (SSE) Energy Services Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies28
- 7D-1.6%
- 3M-1.9%
- 1Y15.5%
- YTD0.9%
Over the last 7 days, the Energy Services industry has remained flat, although notably Yantai Jereh Oilfield Services Group gained 8.4%. As for the the longer term, the industry is up 27% over the past 12 months. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Chinese Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Jan 2025 | CN¥239.5b | CN¥246.5b | CN¥11.9b | 31.7x | 20.2x | 1x |
| Sun, 22 Dec 2024 | CN¥239.8b | CN¥246.5b | CN¥11.9b | 31.7x | 20.2x | 1x |
| Tue, 19 Nov 2024 | CN¥249.8b | CN¥246.5b | CN¥11.9b | 29.5x | 21x | 1x |
| Thu, 17 Oct 2024 | CN¥236.0b | CN¥243.8b | CN¥11.8b | 28x | 19.9x | 1x |
| Sat, 14 Sep 2024 | CN¥187.0b | CN¥243.8b | CN¥11.8b | 21.8x | 15.8x | 0.8x |
| Mon, 12 Aug 2024 | CN¥200.2b | CN¥243.9b | CN¥11.5b | 20.7x | 17.3x | 0.8x |
| Wed, 10 Jul 2024 | CN¥207.5b | CN¥244.1b | CN¥11.5b | 20.1x | 18.1x | 0.8x |
| Fri, 07 Jun 2024 | CN¥212.4b | CN¥244.1b | CN¥11.5b | 21.1x | 18.5x | 0.9x |
| Sun, 05 May 2024 | CN¥222.8b | CN¥243.0b | CN¥11.4b | 24.2x | 19.5x | 0.9x |
| Tue, 02 Apr 2024 | CN¥218.3b | CN¥239.6b | CN¥10.6b | 24.4x | 20.6x | 0.9x |
| Thu, 29 Feb 2024 | CN¥203.5b | CN¥243.8b | CN¥11.2b | 22x | 18.2x | 0.8x |
| Sat, 27 Jan 2024 | CN¥208.5b | CN¥243.0b | CN¥10.0b | 24.3x | 20.9x | 0.9x |
| Mon, 25 Dec 2023 | CN¥204.1b | CN¥243.0b | CN¥10.0b | 26.4x | 20.4x | 0.8x |
| Wed, 22 Nov 2023 | CN¥219.9b | CN¥240.7b | CN¥9.9b | 28.5x | 22.2x | 0.9x |
| Fri, 20 Oct 2023 | CN¥219.9b | CN¥239.7b | CN¥9.7b | 28.5x | 22.8x | 0.9x |
| Sun, 17 Sep 2023 | CN¥230.7b | CN¥239.8b | CN¥9.7b | 28.7x | 23.9x | 1x |
| Tue, 15 Aug 2023 | CN¥221.9b | CN¥240.4b | CN¥9.5b | 29.6x | 23.2x | 0.9x |
| Thu, 13 Jul 2023 | CN¥222.5b | CN¥239.8b | CN¥9.7b | 31x | 23.1x | 0.9x |
| Sat, 10 Jun 2023 | CN¥214.7b | CN¥239.8b | CN¥9.7b | 29.9x | 22.2x | 0.9x |
| Mon, 08 May 2023 | CN¥228.4b | CN¥240.1b | CN¥10.6b | 35x | 21.6x | 1x |
| Wed, 05 Apr 2023 | CN¥228.6b | CN¥214.3b | CN¥6.6b | 49.4x | 34.4x | 1.1x |
| Fri, 03 Mar 2023 | CN¥231.6b | CN¥233.4b | CN¥6.7b | 54.6x | 34.6x | 1x |
| Sun, 29 Jan 2023 | CN¥225.7b | CN¥233.3b | CN¥6.8b | 51x | 33.4x | 1x |
| Tue, 27 Dec 2022 | CN¥205.2b | CN¥233.3b | CN¥6.8b | 40.2x | 30.4x | 0.9x |
| Thu, 24 Nov 2022 | CN¥216.6b | CN¥233.3b | CN¥6.8b | 43.4x | 32x | 0.9x |
| Sat, 22 Oct 2022 | CN¥211.6b | CN¥229.0b | CN¥6.3b | 43x | 33.8x | 0.9x |
| Mon, 19 Sep 2022 | CN¥218.7b | CN¥229.0b | CN¥6.3b | 44.5x | 35x | 1x |
| Wed, 17 Aug 2022 | CN¥220.3b | CN¥217.8b | CN¥5.6b | 48.5x | 39.1x | 1x |
| Fri, 15 Jul 2022 | CN¥200.0b | CN¥217.9b | CN¥5.4b | 44.1x | 36.9x | 0.9x |
| Sun, 12 Jun 2022 | CN¥224.9b | CN¥217.9b | CN¥5.4b | 52.6x | 41.5x | 1x |
| Tue, 10 May 2022 | CN¥190.3b | CN¥217.9b | CN¥5.4b | 42.5x | 35.1x | 0.9x |
| Thu, 07 Apr 2022 | CN¥220.3b | CN¥204.6b | CN¥5.6b | 35.9x | 39.5x | 1.1x |
| Sat, 05 Mar 2022 | CN¥246.6b | CN¥202.5b | CN¥6.1b | 42.1x | 40.1x | 1.2x |
| Mon, 31 Jan 2022 | CN¥213.6b | CN¥200.3b | CN¥6.3b | 34.1x | 34.1x | 1.1x |
Price to Earnings Ratio
34.1x
Current Industry PE
- Investors are pessimistic on the Chinese Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.4x which is lower than its 3-year average PE of 26.7x.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 7.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Energy industry?
| CN Market | 0.25% | |
| Energy | -2.50% | |
| Energy Services | -1.64% | |
| Oil and Gas Services | -1.62% | |
| Oil and Gas Drilling | -4.33% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 9.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 26.1x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 7.6% per year.
- In contrast, the Oil and Gas Services 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 | |
|---|---|---|---|---|---|
| 002353 Yantai Jereh Oilfield Services Group | CN¥39.68 | 4.4% +CN¥1.7b | 40.8% | PE16.3x | |
| 002423 COFCO Capital Holdings | CN¥13.45 | 5.7% +CN¥1.7b | 59.0% | PE22.9x | |
| 002629 Zhejiang Renzhi | CN¥4.82 | 21.1% +CN¥356.4m | 26.8% | PS11.1x | |
| 688377 Nanjing Develop Advanced Manufacturing | CN¥21.50 | 9.1% +CN¥348.2m | 16.0% | PE50.7x | |
| 000852 Sinopec Oilfield Equipment | CN¥6.52 | 3.3% +CN¥197.7m | -11.4% | PE69.3x |
