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Chinese (SSE) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies32
  • 7D1.0%
  • 3M0.9%
  • 1Y6.0%
  • YTD7.7%

Last week, the Banks industry hasn't moved much but Industrial Bank is up 3.1% in that time. As for the the longer term, the industry is up 7.2% over the past 12 months. Looking forward, earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

Has the Chinese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025CN¥4.5tCN¥1.5tCN¥668.6b6.2x6.7x3x
Fri, 21 Nov 2025CN¥4.6tCN¥1.5tCN¥668.6b6.4x6.9x3x
Sun, 19 Oct 2025CN¥4.6tCN¥1.5tCN¥674.4b6.3x6.8x3x
Tue, 16 Sep 2025CN¥4.1tCN¥1.4tCN¥608.7b6.2x6.8x3x
Thu, 14 Aug 2025CN¥4.3tCN¥1.4tCN¥600.8b6.6x7.2x3.2x
Sat, 12 Jul 2025CN¥4.7tCN¥1.4tCN¥596.4b7.2x7.8x3.5x
Mon, 09 Jun 2025CN¥4.2tCN¥1.4tCN¥597.2b6.5x7x3.1x
Wed, 07 May 2025CN¥3.8tCN¥1.4tCN¥597.2b5.9x6.4x2.8x
Fri, 04 Apr 2025CN¥3.9tCN¥1.4tCN¥604.2b6x6.4x2.7x
Sun, 02 Mar 2025CN¥3.8tCN¥1.5tCN¥722.1b5.8x5.2x2.5x
Tue, 28 Jan 2025CN¥3.8tCN¥1.5tCN¥605.2b6x6.3x2.6x
Thu, 26 Dec 2024CN¥3.7tCN¥1.3tCN¥589.3b6x6.3x2.8x
Sat, 23 Nov 2024CN¥3.5tCN¥1.3tCN¥589.3b5.7x5.9x2.6x
Mon, 21 Oct 2024CN¥3.7tCN¥1.3tCN¥593.9b5.7x6.2x2.7x
Wed, 18 Sep 2024CN¥2.9tCN¥1.3tCN¥590.1b4.8x5x2.2x
Fri, 16 Aug 2024CN¥3.1tCN¥1.3tCN¥585.5b5.2x5.3x2.3x
Sun, 14 Jul 2024CN¥3.2tCN¥1.3tCN¥581.9b5.3x5.5x2.4x
Tue, 11 Jun 2024CN¥3.3tCN¥1.3tCN¥581.9b5.5x5.6x2.5x
Thu, 09 May 2024CN¥3.2tCN¥1.3tCN¥582.1b5.4x5.5x2.4x
Sat, 06 Apr 2024CN¥3.0tCN¥1.5tCN¥595.8b5.3x5.1x2.1x
Mon, 04 Mar 2024CN¥3.1tCN¥1.4tCN¥608.0b5.2x5x2.1x
Wed, 31 Jan 2024CN¥2.9tCN¥1.4tCN¥602.6b5x4.9x2.1x
Fri, 29 Dec 2023CN¥2.7tCN¥1.4tCN¥595.1b4.9x4.6x2x
Sun, 26 Nov 2023CN¥2.9tCN¥1.4tCN¥595.1b4.8x4.8x2.1x
Tue, 24 Oct 2023CN¥2.9tCN¥1.4tCN¥599.9b5.1x4.9x2.1x
Thu, 21 Sep 2023CN¥3.1tCN¥1.4tCN¥599.9b5.4x5.1x2.2x
Sat, 19 Aug 2023CN¥3.0tCN¥1.3tCN¥586.0b5.4x5x2.2x
Mon, 17 Jul 2023CN¥2.9tCN¥1.3tCN¥585.4b5.2x5x2.2x
Wed, 14 Jun 2023CN¥3.1tCN¥1.3tCN¥585.5b5.3x5.2x2.3x
Fri, 12 May 2023CN¥3.2tCN¥1.4tCN¥590.6b5.6x5.4x2.3x
Sun, 09 Apr 2023CN¥3.0tCN¥1.5tCN¥589.3b5.6x5.1x2.1x
Tue, 07 Mar 2023CN¥3.2tCN¥1.4tCN¥611.0b5.8x5.2x2.2x
Thu, 02 Feb 2023CN¥3.3tCN¥1.2tCN¥606.9b5.8x5.5x2.8x
Sat, 31 Dec 2022CN¥3.2tCN¥1.3tCN¥567.9b6x5.6x2.5x
Price to Earnings Ratio

5.6x


Total Market Cap: CN¥3.2tTotal Earnings: CN¥567.9bTotal Revenue: CN¥1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Banks Industry Price to Earnings3Y Average 5.7x202320242025
Current Industry PE
  • Investors are optimistic on the Chinese Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.7x which is higher than its 3-year average PE of 5.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.6% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 industry?

CN Market2.71%
Financials1.64%
Banks0.97%
Diversified Banks1.01%
Regional Banks0.81%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 5.8x.
    • Analysts are expecting annual earnings growth of 6.6%, which is higher than its past year's earnings growth of 3.0% per year.
  • Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.7% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.6% 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
601166 Industrial BankCN¥21.032.7%
+CN¥11.6b		9.6%PB0.5x
600000 Shanghai Pudong Development BankCN¥11.812.3%
+CN¥9.0b		14.1%PB0.5x
600036 China Merchants BankCN¥41.830.7%
+CN¥7.8b		6.2%PB0.9x
000617 CNPC CapitalCN¥9.262.2%
+CN¥2.5b		29.7%PB1.1x
002142 Bank of NingboCN¥28.371.2%
+CN¥2.3b		15.7%PB0.8x

Latest News

601166
CN¥21.03
Industrial Bank
7D
2.7%
1Y
9.6%

601166: Higher Required Return Is Expected To Unlock Upside Potential

Analysts have raised their price target on Industrial Bank to $30.50 from $30.50, effectively reiterating their prior valuation as they balance a higher assumed discount rate and slightly softer long term growth and margin expectations against a richer future earnings multiple. Valuation Changes Fair Value: unchanged at CN¥30.50, indicating no net revision to the intrinsic value estimate.
600036
CN¥41.83
China Merchants Bank
7D
0.7%
1Y
6.2%

600036: New Debt-To-Equity Platform Will Drive Earnings Power Into 2025

Analysts have nudged their price target on China Merchants Bank slightly higher to approximately $52.78 from about $52.72, reflecting marginally lower discount rate assumptions and steady expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Received regulatory approval from the National Financial Regulatory Administration for China Merchants Bank Financial Asset Investment Co., Ltd.
002966
CN¥8.37
Bank of Suzhou
7D
3.7%
1Y
3.2%
600000
CN¥11.81
Shanghai Pudong Development Bank
7D
2.3%
1Y
14.1%
600016
CN¥3.82
China Minsheng Banking
7D
-2.3%
1Y
-7.3%
601818
CN¥3.50
China Everbright Bank
7D
-0.6%
1Y
-8.6%
601128
CN¥7.07
Jiangsu Changshu Rural Commercial Bank
7D
-0.6%
1Y
3.4%
601665
CN¥5.58
Qilu Bank
7D
-0.5%
1Y
0.2%
601229
CN¥9.90
Bank of Shanghai
7D
0.9%
1Y
10.2%
600919
CN¥10.32
Bank of Jiangsu
7D
-0.1%
1Y
6.2%
601169
CN¥5.50
Bank of Beijing
7D
-0.2%
1Y
-11.3%
601825
CN¥9.16
Shanghai Rural Commercial Bank
7D
-0.4%
1Y
8.0%
601998
CN¥7.42
China CITIC Bank
7D
0.5%
1Y
5.8%
000617
CN¥9.26
CNPC Capital
7D
2.2%
1Y
29.7%
601009
CN¥11.31
Bank of Nanjing
7D
-0.4%
1Y
4.6%
002142
CN¥28.37
Bank of Ningbo
7D
1.2%
1Y
15.7%