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Chinese (SSE) Oil and Gas Services Industry Analysis

UpdatedFeb 16, 2025

DataAggregated Company Financials

Companies27

7D-1.4%
3M-5.1%
1Y22.8%
YTDn/a

Over the last 7 days, the Oil and Gas Services industry has dropped 1.4%, driven by Yantai Jereh Oilfield Services Group declining 3.1%. On the other hand Jiangsu Hongtian TechnologyLtd is actually up 8.5%. In the past year, the industry has gained 23%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Chinese Oil and Gas Services Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 16 Feb 2025	CN¥236.3b	CN¥245.6b	CN¥11.8b	28.8x	20x	1x
Tue, 14 Jan 2025	CN¥231.7b	CN¥244.2b	CN¥12.0b	28.5x	19.4x	0.9x
Thu, 12 Dec 2024	CN¥252.6b	CN¥245.6b	CN¥11.8b	33.9x	21.3x	1x
Sat, 09 Nov 2024	CN¥257.1b	CN¥245.5b	CN¥11.8b	30.8x	21.9x	1x
Mon, 07 Oct 2024	CN¥233.6b	CN¥242.9b	CN¥11.8b	24x	19.8x	1x
Wed, 04 Sep 2024	CN¥199.6b	CN¥243.2b	CN¥11.8b	20.1x	16.9x	0.8x
Fri, 02 Aug 2024	CN¥201.1b	CN¥243.0b	CN¥11.5b	20.5x	17.5x	0.8x
Sun, 30 Jun 2024	CN¥208.7b	CN¥243.1b	CN¥11.4b	20.7x	18.3x	0.9x
Tue, 28 May 2024	CN¥222.2b	CN¥243.1b	CN¥11.4b	23.3x	19.5x	0.9x
Thu, 25 Apr 2024	CN¥222.0b	CN¥241.1b	CN¥11.0b	22.1x	20.2x	0.9x
Sat, 23 Mar 2024	CN¥207.3b	CN¥239.3b	CN¥10.7b	23.4x	19.5x	0.9x
Mon, 19 Feb 2024	CN¥191.0b	CN¥243.0b	CN¥11.2b	19.8x	17x	0.8x
Wed, 17 Jan 2024	CN¥205.2b	CN¥242.2b	CN¥10.1b	26.2x	20.4x	0.8x
Fri, 15 Dec 2023	CN¥204.8b	CN¥242.2b	CN¥10.1b	27x	20.3x	0.8x
Sun, 12 Nov 2023	CN¥211.7b	CN¥240.0b	CN¥10.0b	28x	21.2x	0.9x
Tue, 10 Oct 2023	CN¥225.4b	CN¥239.0b	CN¥9.8b	27.8x	23.1x	0.9x
Thu, 07 Sep 2023	CN¥224.9b	CN¥239.0b	CN¥9.8b	28.2x	23x	0.9x
Sat, 05 Aug 2023	CN¥227.4b	CN¥238.6b	CN¥9.7b	30x	23.5x	1x
Mon, 03 Jul 2023	CN¥215.5b	CN¥239.1b	CN¥9.8b	30.1x	22.1x	0.9x
Wed, 31 May 2023	CN¥217.2b	CN¥239.1b	CN¥9.8b	30.8x	22.2x	0.9x
Fri, 28 Apr 2023	CN¥224.0b	CN¥216.6b	CN¥8.8b	45.6x	25.4x	1x
Sun, 26 Mar 2023	CN¥217.1b	CN¥234.0b	CN¥7.7b	45.8x	28.4x	0.9x
Tue, 21 Feb 2023	CN¥226.3b	CN¥232.2b	CN¥7.0b	54.4x	32.5x	1x
Thu, 19 Jan 2023	CN¥220.5b	CN¥232.2b	CN¥7.0b	46x	31.7x	0.9x
Sat, 17 Dec 2022	CN¥215.3b	CN¥232.2b	CN¥7.0b	41.7x	30.9x	0.9x
Mon, 14 Nov 2022	CN¥213.1b	CN¥232.2b	CN¥7.0b	41.9x	30.6x	0.9x
Wed, 12 Oct 2022	CN¥208.1b	CN¥228.0b	CN¥6.5b	42.2x	32.3x	0.9x
Fri, 09 Sep 2022	CN¥227.2b	CN¥228.0b	CN¥6.5b	47.8x	35.2x	1x
Sun, 07 Aug 2022	CN¥207.4b	CN¥216.5b	CN¥5.6b	45.2x	37.4x	1x
Tue, 05 Jul 2022	CN¥209.4b	CN¥216.8b	CN¥5.6b	46.7x	37.3x	1x
Thu, 02 Jun 2022	CN¥212.6b	CN¥216.8b	CN¥5.6b	50.4x	37.9x	1x
Sat, 30 Apr 2022	CN¥181.9b	CN¥208.5b	CN¥5.6b	38.7x	32.3x	0.9x
Mon, 28 Mar 2022	CN¥219.7b	CN¥203.6b	CN¥5.6b	36.3x	39.5x	1.1x
Wed, 23 Feb 2022	CN¥231.6b	CN¥200.5b	CN¥6.2b	31.7x	37.3x	1.2x

Price to Earnings Ratio

37.3x

Wed, 23 Feb 2022

Current Industry PE

Investors are pessimistic on the Chinese Oil and Gas Equipment and 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 20.0x which is lower than its 3-year average PE of 25.8x.

The industry is trading close to its 3-year average PS ratio of 0.93x.

Past Earnings Growth

The earnings for companies in the Oil and Gas Equipment and Services industry have grown 24% per year over the last three years.
Revenues for these companies have grown 7.0% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Chinese Oil and Gas Services compare with similar industries?


CN Market	1.46%
Energy	-1.27%
Energy Services	-1.40%
Oil and Gas Services	-1.42%
Oil and Gas Drilling	1.74%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
603800 Jiangsu Hongtian TechnologyLtd	CN¥29.21	8.5% +CN¥462.0m	39.0%	PE25.7x
002423 COFCO Capital Holdings	CN¥13.74	0.2% +CN¥69.1m	82.2%	PE23.4x
002469 Shandong Sunway Chemical Group	CN¥7.62	0.8% +CN¥38.9m	63.5%	PE21.5x
300471 Houpu Clean Energy Group	CN¥9.15	1.0% +CN¥36.4m	5.8%	PS5.4x
601798 Lanpec Technologies	CN¥6.40	1.1% +CN¥24.8m	2.9%	PS2.8x

Latest News

603036

CN¥14.83

Jiangsu Rutong Petro-Machinery

-9.9%

63.3%

Returns On Capital Are Showing Encouraging Signs At Jiangsu Rutong Petro-Machinery (SHSE:603036)

Feb 13

002423

CN¥13.74

COFCO Capital Holdings

0.2%

82.2%

COFCO Capital Holdings (SZSE:002423) Has A Pretty Healthy Balance Sheet

Feb 07

002353

CN¥37.22

Yantai Jereh Oilfield Services Group

-3.1%

31.3%

With EPS Growth And More, Yantai Jereh Oilfield Services Group (SZSE:002353) Makes An Interesting Case

Feb 03

002469

CN¥7.62

Shandong Sunway Chemical Group

0.8%

63.5%

600968

CN¥3.93

CNOOC Energy Technology & Services

-1.8%

24.4%

CNOOC Energy Technology & Services (SHSE:600968) Seems To Use Debt Rather Sparingly

Jan 28

688377

CN¥19.40

Nanjing Develop Advanced Manufacturing

-2.0%

6.4%

Some Investors May Be Worried About Nanjing Develop Advanced Manufacturing's (SHSE:688377) Returns On Capital

Jan 27

300471

CN¥9.15

Houpu Clean Energy Group

1.0%

5.8%

002629

CN¥4.58

Zhejiang Renzhi

-4.4%

96.6%

What Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) 28% Share Price Gain Is Not Telling You

Jan 23

601798

CN¥6.40

Lanpec Technologies

1.1%

2.9%

600583

CN¥5.19

Offshore Oil EngineeringLtd

-2.3%

-13.8%

Offshore Oil EngineeringLtd (SHSE:600583) Shareholders Will Want The ROCE Trajectory To Continue

Jan 18

603800

CN¥29.21

Jiangsu Hongtian TechnologyLtd

8.5%

39.0%

We Ran A Stock Scan For Earnings Growth And Jiangsu Hongtian TechnologyLtd (SHSE:603800) Passed With Ease

Jan 10

600339

CN¥3.39

China Petroleum Engineering

-2.6%

9.0%

Here's Why China Petroleum Engineering (SHSE:600339) Can Manage Its Debt Responsibly

Dec 30

603619

CN¥18.98

Zhongman Petroleum and Natural Gas GroupLtd

-1.7%

2.4%