Narrative Update • Jul 02
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Chinese (SSE) Financials Sector Analysis
UpdatedJul 03, 2026
DataAggregated Company Financials
Companies104
- 7D-0.8%
- 3M-3.4%
- 1Y-12.3%
- YTD-14.2%
Last week, the Financials industry hasn't moved much but Guotai Haitong Securities is up 11% in that time. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 8.6% annually.
Sector Valuation and Performance
Has the Chinese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Jul 2026 | CN¥8.9t | CN¥3.5t | CN¥1.1t | 13.9x | 8x | 2.6x |
| Sun, 31 May 2026 | CN¥9.0t | CN¥3.5t | CN¥1.1t | 12.2x | 8.1x | 2.6x |
| Tue, 28 Apr 2026 | CN¥9.4t | CN¥3.5t | CN¥1.1t | 12.9x | 8.4x | 2.7x |
| Thu, 26 Mar 2026 | CN¥9.4t | CN¥3.8t | CN¥1.1t | 12.5x | 8.3x | 2.5x |
| Sat, 21 Feb 2026 | CN¥9.8t | CN¥3.7t | CN¥1.1t | 13.8x | 8.8x | 2.6x |
| Mon, 19 Jan 2026 | CN¥10.0t | CN¥3.7t | CN¥1.1t | 13.9x | 9x | 2.7x |
| Wed, 17 Dec 2025 | CN¥9.9t | CN¥3.6t | CN¥1.1t | 13.8x | 9x | 2.8x |
| Fri, 14 Nov 2025 | CN¥10.2t | CN¥3.6t | CN¥1.1t | 14.4x | 9.3x | 2.9x |
| Sun, 12 Oct 2025 | CN¥9.5t | CN¥3.3t | CN¥986.8b | 17.4x | 9.6x | 2.9x |
| Tue, 09 Sep 2025 | CN¥9.7t | CN¥3.3t | CN¥985.9b | 16.6x | 9.8x | 2.9x |
| Thu, 07 Aug 2025 | CN¥9.8t | CN¥3.3t | CN¥948.6b | 18.2x | 10.3x | 3x |
| Sat, 05 Jul 2025 | CN¥9.6t | CN¥3.3t | CN¥944.6b | 17x | 10.2x | 2.9x |
| Mon, 02 Jun 2025 | CN¥8.7t | CN¥3.3t | CN¥945.4b | 15.9x | 9.2x | 2.6x |
| Wed, 30 Apr 2025 | CN¥8.4t | CN¥3.3t | CN¥929.0b | 16.8x | 9.1x | 2.6x |
| Fri, 28 Mar 2025 | CN¥8.5t | CN¥3.4t | CN¥931.8b | 18.4x | 9.1x | 2.5x |
| Sun, 23 Feb 2025 | CN¥8.7t | CN¥3.6t | CN¥1.1t | 18.6x | 8.2x | 2.4x |
| Tue, 21 Jan 2025 | CN¥8.4t | CN¥3.3t | CN¥906.5b | 18.7x | 9.3x | 2.5x |
| Thu, 19 Dec 2024 | CN¥8.7t | CN¥3.2t | CN¥888.8b | 21x | 9.8x | 2.7x |
| Sat, 16 Nov 2024 | CN¥8.6t | CN¥3.2t | CN¥888.8b | 22x | 9.7x | 2.7x |
| Mon, 14 Oct 2024 | CN¥8.4t | CN¥3.2t | CN¥835.7b | 20x | 10x | 2.7x |
| Wed, 11 Sep 2024 | CN¥6.5t | CN¥3.2t | CN¥836.3b | 15.3x | 7.7x | 2x |
| Fri, 09 Aug 2024 | CN¥6.6t | CN¥3.1t | CN¥816.0b | 15.5x | 8x | 2.1x |
| Sun, 07 Jul 2024 | CN¥6.6t | CN¥3.1t | CN¥812.8b | 15.2x | 8.1x | 2.1x |
| Tue, 04 Jun 2024 | CN¥7.0t | CN¥3.1t | CN¥812.7b | 16x | 8.6x | 2.2x |
| Thu, 02 May 2024 | CN¥6.9t | CN¥3.2t | CN¥824.5b | 16.5x | 8.4x | 2.1x |
| Sat, 30 Mar 2024 | CN¥6.6t | CN¥3.3t | CN¥867.7b | 15.2x | 7.6x | 2x |
| Mon, 26 Feb 2024 | CN¥7.0t | CN¥3.9t | CN¥841.0b | 15.6x | 8.3x | 1.8x |
| Wed, 24 Jan 2024 | CN¥6.4t | CN¥3.9t | CN¥838.8b | 14.5x | 7.6x | 1.6x |
| Fri, 22 Dec 2023 | CN¥5.8t | CN¥2.6t | CN¥754.6b | 14.8x | 7.6x | 2.2x |
| Sun, 19 Nov 2023 | CN¥6.1t | CN¥2.6t | CN¥754.7b | 15.5x | 8.1x | 2.3x |
| Tue, 17 Oct 2023 | CN¥6.3t | CN¥2.6t | CN¥767.7b | 15.5x | 8.2x | 2.4x |
| Thu, 14 Sep 2023 | CN¥6.4t | CN¥2.6t | CN¥766.6b | 16.1x | 8.3x | 2.4x |
| Sat, 12 Aug 2023 | CN¥6.6t | CN¥2.6t | CN¥770.2b | 17.8x | 8.5x | 2.5x |
| Mon, 10 Jul 2023 | CN¥6.0t | CN¥2.6t | CN¥770.6b | 15.1x | 7.8x | 2.3x |
Price to Earnings Ratio
7.8x
Current Industry PE
- Investors are relatively neutral on the Chinese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.7x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 Market | -2.96% | |
| Financials | -0.83% | |
| Banks | -0.73% | |
| Insurance | -0.79% | |
| Capital Markets | -0.92% | |
| Consumer Finance | -1.25% | |
| Diversified Financial | -2.21% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 5.9x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 3.8% 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 | |
|---|---|---|---|---|---|
| 601211 Guotai Haitong Securities | CN¥19.37 | 11.3% +CN¥34.5b | 0.2% | PE15.8x | |
| 601318 Ping An Insurance (Group) Company of China | CN¥49.09 | 3.9% +CN¥33.7b | -13.2% | PE6.7x | |
| 600036 China Merchants Bank | CN¥36.83 | 2.3% +CN¥20.9b | -21.8% | PB0.7x | |
| 600030 CITIC Securities | CN¥28.95 | 4.4% +CN¥17.9b | 4.7% | PE13.1x | |
| 300059 East Money InformationLtd | CN¥21.06 | 4.9% +CN¥15.7b | -7.6% | PE25.4x |