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Chinese (SSE) Oil and Gas Services Industry Analysis

UpdatedDec 22, 2024

DataAggregated Company Financials

Companies27

7D-3.1%
3M26.2%
1Y17.4%
YTDn/a

Over the last 7 days, the Oil and Gas Services industry has dropped 5.2%, driven by a pullback from Yantai Jereh Oilfield Services Group of 4.9%. In contrast, Nanjing Develop Advanced Manufacturing has gained 11%. Over the past 12 months, the industry was up 18%. As for the next few years, earnings are expected to grow by 16% per annum.

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, 22 Dec 2024	CN¥238.0b	CN¥245.6b	CN¥11.8b	31.7x	20.1x	1x
Tue, 19 Nov 2024	CN¥247.8b	CN¥245.6b	CN¥11.8b	28x	20.9x	1x
Thu, 17 Oct 2024	CN¥234.3b	CN¥242.9b	CN¥11.8b	27.5x	19.9x	1x
Sat, 14 Sep 2024	CN¥185.6b	CN¥242.8b	CN¥11.8b	18.8x	15.7x	0.8x
Mon, 12 Aug 2024	CN¥198.6b	CN¥242.8b	CN¥11.5b	20.4x	17.3x	0.8x
Wed, 10 Jul 2024	CN¥205.9b	CN¥243.1b	CN¥11.4b	19.9x	18x	0.8x
Fri, 07 Jun 2024	CN¥210.7b	CN¥243.1b	CN¥11.4b	21x	18.5x	0.9x
Sun, 05 May 2024	CN¥220.7b	CN¥241.9b	CN¥11.4b	24.1x	19.4x	0.9x
Tue, 02 Apr 2024	CN¥216.4b	CN¥238.8b	CN¥10.7b	24.4x	20.3x	0.9x
Thu, 29 Feb 2024	CN¥202.0b	CN¥243.0b	CN¥11.2b	22x	18x	0.8x
Sat, 27 Jan 2024	CN¥206.5b	CN¥242.2b	CN¥10.1b	24.3x	20.5x	0.9x
Mon, 25 Dec 2023	CN¥202.1b	CN¥242.2b	CN¥10.1b	26.4x	20x	0.8x
Wed, 22 Nov 2023	CN¥217.6b	CN¥240.0b	CN¥10.0b	28.5x	21.8x	0.9x
Fri, 20 Oct 2023	CN¥217.6b	CN¥239.0b	CN¥9.8b	28.5x	22.3x	0.9x
Sun, 17 Sep 2023	CN¥228.9b	CN¥239.0b	CN¥9.8b	28.7x	23.4x	1x
Tue, 15 Aug 2023	CN¥220.2b	CN¥239.7b	CN¥9.7b	29.6x	22.8x	0.9x
Thu, 13 Jul 2023	CN¥220.8b	CN¥239.1b	CN¥9.8b	31x	22.6x	0.9x
Sat, 10 Jun 2023	CN¥213.1b	CN¥239.1b	CN¥9.8b	29.9x	21.8x	0.9x
Mon, 08 May 2023	CN¥226.7b	CN¥239.1b	CN¥10.8b	35x	21.1x	0.9x
Wed, 05 Apr 2023	CN¥226.7b	CN¥213.3b	CN¥6.8b	49.4x	33.1x	1.1x
Fri, 03 Mar 2023	CN¥229.7b	CN¥232.3b	CN¥6.9b	54.6x	33.3x	1x
Sun, 29 Jan 2023	CN¥223.9b	CN¥232.2b	CN¥7.0b	51x	32.1x	1x
Tue, 27 Dec 2022	CN¥203.5b	CN¥232.2b	CN¥7.0b	40.2x	29.2x	0.9x
Thu, 24 Nov 2022	CN¥214.6b	CN¥232.2b	CN¥7.0b	43.4x	30.8x	0.9x
Sat, 22 Oct 2022	CN¥209.6b	CN¥228.0b	CN¥6.5b	43x	32.5x	0.9x
Mon, 19 Sep 2022	CN¥216.6b	CN¥228.0b	CN¥6.5b	44.5x	33.6x	1x
Wed, 17 Aug 2022	CN¥218.6b	CN¥216.8b	CN¥5.8b	48.5x	37.5x	1x
Fri, 15 Jul 2022	CN¥198.6b	CN¥216.8b	CN¥5.6b	44.1x	35.4x	0.9x
Sun, 12 Jun 2022	CN¥223.3b	CN¥216.8b	CN¥5.6b	52.6x	39.8x	1x
Tue, 10 May 2022	CN¥189.0b	CN¥216.8b	CN¥5.6b	42.5x	33.7x	0.9x
Thu, 07 Apr 2022	CN¥218.5b	CN¥203.6b	CN¥5.6b	35.3x	39.3x	1.1x
Sat, 05 Mar 2022	CN¥244.5b	CN¥201.5b	CN¥6.1b	41.9x	39.9x	1.2x
Mon, 31 Jan 2022	CN¥212.0b	CN¥199.4b	CN¥6.2b	28.9x	34x	1.1x
Wed, 29 Dec 2021	CN¥223.2b	CN¥198.9b	CN¥6.2b	27.3x	36.1x	1.1x

Price to Earnings Ratio

36.1x

Wed, 29 Dec 2021

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 20.2x which is lower than its 3-year average PE of 26.6x.

The industry is trading close to its 3-year average PS ratio of 0.94x.

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 7.3% 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	-1.18%
Energy	-3.30%
Energy Services	-3.10%
Oil and Gas Services	-3.07%
Oil and Gas Drilling	-6.56%

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
688377 Nanjing Develop Advanced Manufacturing	CN¥20.89	10.9% +CN¥398.5m	-17.9%	PE49.2x
600968 CNOOC Energy Technology & Services	CN¥4.03	0.2% +CN¥101.7m	43.9%	PE11.3x
601798 Lanpec Technologies	CN¥6.99	1.2% +CN¥28.4m	-6.6%	PS3.1x

Latest News

603318

CN¥7.08

Shuifa Energas Gas

-10.3%

-7.3%

002353

CN¥33.08

Yantai Jereh Oilfield Services Group

-4.9%

22.7%

Yantai Jereh Oilfield Services Group (SZSE:002353) Seems To Use Debt Quite Sensibly

Dec 12

688377

CN¥20.89

Nanjing Develop Advanced Manufacturing

10.9%

-17.9%

002469

CN¥7.81

Shandong Sunway Chemical Group

-10.5%

31.9%

Investors Still Aren't Entirely Convinced By Shandong Sunway Chemical Group Co., Ltd.'s (SZSE:002469) Earnings Despite 57% Price Jump

Dec 05

600968

CN¥4.03

CNOOC Energy Technology & Services

0.2%

43.9%

CNOOC Energy Technology & Services Limited's (SHSE:600968) Prospects Need A Boost To Lift Shares

Dec 05

600583

CN¥5.37

Offshore Oil EngineeringLtd

-1.3%

-6.9%

Little Excitement Around Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Earnings

Dec 03

600339

CN¥3.62

China Petroleum Engineering

-1.9%

20.7%

What You Can Learn From China Petroleum Engineering Corporation's (SHSE:600339) P/E

Dec 02

002423

CN¥14.17

COFCO Capital Holdings

-3.8%

115.7%

Earnings Working Against COFCO Capital Holdings Co., Ltd.'s (SZSE:002423) Share Price Following 28% Dive

Dec 01

603698

CN¥16.26

Changzheng Engineering TechnologyLtd

-4.0%

16.1%

Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) 31% Share Price Surge Not Quite Adding Up

Nov 18

603619

CN¥19.41

Zhongman Petroleum and Natural Gas GroupLtd

-3.2%

6.5%

601798

CN¥6.99

Lanpec Technologies

1.2%

-6.6%