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Chinese (SSE) Financials Sector Analysis

UpdatedNov 01, 2024
DataAggregated Company Financials
Companies105
  • 7D-0.8%
  • 3M26.5%
  • 1Y22.8%
  • YTD31.1%

Over the last 7 days, the Financials industry has dropped 2.0%, driven by China Merchants Bank declining 5.0%. On the other hand SPIC Industry-Finance Holdings is actually up 61%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

Has the Chinese Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Nov 2024CN¥8.4tCN¥3.3tCN¥900.6b21.2x9.3x2.6x
Sun, 29 Sep 2024CN¥7.8tCN¥3.2tCN¥835.7b18.7x9.4x2.5x
Tue, 27 Aug 2024CN¥6.7tCN¥3.3tCN¥824.1b15.4x8.1x2.1x
Thu, 25 Jul 2024CN¥6.6tCN¥3.1tCN¥813.2b15.1x8.1x2.1x
Sat, 22 Jun 2024CN¥6.8tCN¥3.1tCN¥812.8b15.6x8.3x2.2x
Mon, 20 May 2024CN¥7.3tCN¥3.1tCN¥812.8b17.3x9x2.3x
Wed, 17 Apr 2024CN¥6.6tCN¥3.3tCN¥839.5b14.7x7.9x2x
Fri, 15 Mar 2024CN¥6.8tCN¥3.9tCN¥845.3b15.4x8x1.7x
Sun, 11 Feb 2024CN¥6.6tCN¥3.9tCN¥839.8b15.8x7.9x1.7x
Tue, 09 Jan 2024CN¥5.7tCN¥2.6tCN¥754.6b14.5x7.6x2.2x
Thu, 07 Dec 2023CN¥5.9tCN¥2.6tCN¥754.6b15x7.8x2.3x
Sat, 04 Nov 2023CN¥6.2tCN¥2.6tCN¥749.7b15.7x8.2x2.4x
Mon, 02 Oct 2023CN¥6.3tCN¥2.6tCN¥766.6b16x8.3x2.4x
Wed, 30 Aug 2023CN¥6.5tCN¥2.6tCN¥789.8b17.6x8.2x2.5x
Fri, 28 Jul 2023CN¥6.3tCN¥2.6tCN¥769.1b16.2x8.2x2.4x
Sun, 25 Jun 2023CN¥6.1tCN¥2.6tCN¥770.0b15x7.9x2.3x
Tue, 23 May 2023CN¥4.2tCN¥2.6tCN¥769.4b12.6x5.4x1.6x
Thu, 20 Apr 2023CN¥6.5tCN¥2.7tCN¥747.2b17.7x8.7x2.4x
Sat, 18 Mar 2023CN¥6.1tCN¥2.7tCN¥771.0b16.6x8x2.3x
Mon, 13 Feb 2023CN¥6.4tCN¥2.5tCN¥772.7b16.9x8.3x2.6x
Wed, 11 Jan 2023CN¥6.2tCN¥2.6tCN¥730.5b15.6x8.5x2.4x
Fri, 09 Dec 2022CN¥6.2tCN¥2.6tCN¥729.7b15.5x8.5x2.4x
Sun, 06 Nov 2022CN¥5.5tCN¥2.6tCN¥730.9b15x7.5x2.1x
Tue, 04 Oct 2022CN¥5.7tCN¥2.6tCN¥732.2b11.9x7.7x2.2x
Thu, 01 Sep 2022CN¥6.1tCN¥2.6tCN¥743.7b13.2x8.2x2.4x
Sat, 30 Jul 2022CN¥6.1tCN¥2.6tCN¥733.5b12.9x8.3x2.4x
Mon, 27 Jun 2022CN¥6.6tCN¥2.6tCN¥730.6b13.9x9x2.6x
Wed, 25 May 2022CN¥6.2tCN¥2.6tCN¥730.6b12.4x8.5x2.4x
Fri, 22 Apr 2022CN¥6.6tCN¥2.7tCN¥753.1b11.9x8.8x2.4x
Sun, 20 Mar 2022CN¥6.8tCN¥2.8tCN¥759.4b12.4x8.9x2.4x
Tue, 15 Feb 2022CN¥7.3tCN¥2.7tCN¥759.0b13.5x9.7x2.7x
Thu, 13 Jan 2022CN¥7.4tCN¥2.5tCN¥727.5b14.9x10.2x3x
Sat, 11 Dec 2021CN¥7.5tCN¥2.5tCN¥726.0b15.3x10.3x3.1x
Mon, 08 Nov 2021CN¥7.1tCN¥2.5tCN¥726.3b14.3x9.8x2.9x
Price to Earnings Ratio

9.8x


Total Market Cap: CN¥7.1tTotal Earnings: CN¥726.3bTotal Revenue: CN¥2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Financials Sector Price to Earnings3Y Average 8.5x202220232024
Current Industry PE
  • Investors are optimistic on the Chinese Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.7x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 6.3% per year over the last three years.
  • Revenues for these companies have grown 9.2% 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 Financials sector?

CN Market1.55%
Financials-0.77%
Diversified Financial6.15%
Consumer Finance4.19%
Capital Markets3.07%
Mortgage Finance0%
Mortgage REITs0%
Banks-3.07%
Insurance-4.10%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 35.2%, which is higher than its past year's earnings growth of 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 8.4% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 6.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
000958 SPIC Industry-Finance HoldingsCN¥10.6461.2%
+CN¥21.7b
156.4%PE43.5x
600705 AVIC Industry-Finance HoldingsCN¥4.5432.4%
+CN¥9.8b
36.3%PE201.6x
600030 CITIC SecuritiesCN¥27.951.6%
+CN¥6.7b
27.9%PE21.2x
002797 First Capital SecuritiesCN¥8.5620.9%
+CN¥6.2b
46.6%PE55.9x
300059 East Money InformationLtdCN¥23.001.3%
+CN¥4.7b
49.7%PE45.2x
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Latest News

600999

CN¥19.09

China Merchants Securities

7D

-3.5%

1Y

35.9%

600030

CN¥27.95

CITIC Securities

7D

1.6%

1Y

27.9%

601166

CN¥18.29

Industrial Bank

7D

-4.4%

1Y

20.3%

000958

CN¥10.64

SPIC Industry-Finance Holdings

7D

61.2%

1Y

156.4%

600837

CN¥11.47

Haitong Securities

7D

-3.5%

1Y

17.0%

601601

CN¥36.68

China Pacific Insurance (Group)

7D

-5.1%

1Y

36.2%

600036

CN¥38.01

China Merchants Bank

7D

-2.8%

1Y

22.7%

002797

CN¥8.56

First Capital Securities

7D

20.9%

1Y

46.6%

000567

CN¥9.23

Hainan Haide Capital Management

7D

28.9%

1Y

14.0%

002142

CN¥25.50

Bank of Ningbo

7D

-3.9%

1Y

1.8%

300059

CN¥23.00

East Money InformationLtd

7D

1.3%

1Y

49.7%

601318

CN¥56.15

Ping An Insurance (Group) Company of China

7D

-2.7%

1Y

24.1%

000001

CN¥11.43

Ping An Bank

7D

-2.4%

1Y

9.1%

601198

CN¥11.37

Dongxing Securities

7D

9.9%

1Y

41.4%

601688

CN¥17.67

Huatai Securities

7D

3.0%

1Y

8.0%

600705

CN¥4.54

AVIC Industry-Finance Holdings

7D

32.4%

1Y

36.3%