Chinese (SSE) Electrical Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies281
- 7D-3.7%
- 3M-9.3%
- 1Y-0.1%
- YTD-6.9%
Over the last 7 days, the Electrical industry has dropped 1.9%, driven by Contemporary Amperex Technology declining 4.3%. On the other hand JILIN JINGUAN ELECTRICLtd is actually up 44%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | CN¥4.2t | CN¥2.0t | CN¥150.7b | 35.6x | 27.6x | 2.1x |
| Thu, 27 Apr 2023 | CN¥4.2t | CN¥2.0t | CN¥141.7b | 36.2x | 29.6x | 2.1x |
| Sat, 25 Mar 2023 | CN¥4.3t | CN¥1.8t | CN¥122.4b | 37x | 35.1x | 2.3x |
| Mon, 20 Feb 2023 | CN¥4.5t | CN¥1.7t | CN¥113.8b | 37.4x | 39.6x | 2.6x |
| Wed, 18 Jan 2023 | CN¥4.6t | CN¥1.7t | CN¥109.8b | 36.1x | 41.5x | 2.7x |
| Fri, 16 Dec 2022 | CN¥4.4t | CN¥1.7t | CN¥109.7b | 35.5x | 39.9x | 2.6x |
| Sun, 13 Nov 2022 | CN¥4.5t | CN¥1.7t | CN¥109.6b | 35.8x | 40.9x | 2.6x |
| Tue, 11 Oct 2022 | CN¥4.2t | CN¥1.6t | CN¥97.0b | 31.4x | 43x | 2.6x |
| Thu, 08 Sep 2022 | CN¥4.8t | CN¥1.6t | CN¥98.5b | 37.7x | 49.2x | 3x |
| Sat, 06 Aug 2022 | CN¥5.0t | CN¥1.5t | CN¥85.6b | 40.4x | 58.2x | 3.3x |
| Mon, 04 Jul 2022 | CN¥4.8t | CN¥1.5t | CN¥85.5b | 38.2x | 55.9x | 3.2x |
| Wed, 01 Jun 2022 | CN¥3.9t | CN¥1.5t | CN¥81.8b | 34.3x | 47.8x | 2.7x |
| Fri, 29 Apr 2022 | CN¥3.3t | CN¥1.4t | CN¥91.4b | 28.1x | 36.4x | 2.3x |
| Sun, 27 Mar 2022 | CN¥4.2t | CN¥1.3t | CN¥83.3b | 36.8x | 50.7x | 3.2x |
| Tue, 22 Feb 2022 | CN¥4.6t | CN¥1.3t | CN¥84.6b | 41.7x | 54.3x | 3.5x |
| Thu, 20 Jan 2022 | CN¥4.9t | CN¥1.3t | CN¥84.1b | 43.5x | 58.5x | 3.8x |
| Sat, 18 Dec 2021 | CN¥5.6t | CN¥1.3t | CN¥84.6b | 46.1x | 66.4x | 4.3x |
| Mon, 15 Nov 2021 | CN¥5.5t | CN¥1.3t | CN¥83.5b | 45.5x | 65.3x | 4.2x |
| Wed, 13 Oct 2021 | CN¥4.4t | CN¥1.2t | CN¥78.6b | 38.4x | 56.2x | 3.7x |
| Fri, 10 Sep 2021 | CN¥4.7t | CN¥1.2t | CN¥78.5b | 41.4x | 59.7x | 3.9x |
| Sun, 08 Aug 2021 | CN¥4.7t | CN¥1.2t | CN¥79.2b | 39.7x | 59.4x | 3.9x |
| Sat, 01 May 2021 | CN¥3.3t | CN¥1.1t | CN¥72.6b | 31.2x | 45.6x | 3.1x |
| Tue, 02 Feb 2021 | CN¥3.3t | CN¥999.3b | CN¥60.5b | 34.3x | 54.9x | 3.3x |
| Fri, 06 Nov 2020 | CN¥2.7t | CN¥937.1b | CN¥41.9b | 39.9x | 63.6x | 2.8x |
| Mon, 10 Aug 2020 | CN¥2.5t | CN¥876.8b | CN¥33.9b | 39.7x | 73.1x | 2.8x |
Price to Earnings Ratio
63.5x
Current Industry PE
- Investors are pessimistic on the Chinese Electrical 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 28.0x which is lower than its 3-year average PE of 52.8x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 70% per year over the last three years.
- Revenues for these companies have grown 34% 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 Industrials industry?
| CN Market | -1.82% | |
| Industrials | -2.41% | |
| Electrical | -3.68% | |
| Heavy Electrical Equipment | -3.15% | |
| Electrical Components | -3.78% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 34.8x.
- Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 5.6% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading below its 3-year average of 58.5x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| 600406 NARI Technology | CN¥27.52 | 1.7% +CN¥3.1b | -3.6% | PE27.9x | |
| 300510 JILIN JINGUAN ELECTRICLtd | CN¥8.30 | 45.6% +CN¥2.2b | 90.8% | PE97x | |
| 300913 Zhejiang Zhaolong Interconnect Technology | CN¥39.00 | 36.6% +CN¥1.9b | 154.0% | PE57.3x | |
| 688772 Zhuhai CosMX Battery | CN¥18.83 | 8.0% +CN¥1.6b | -32.1% | PS2x | |
| 600312 Henan Pinggao ElectricLtd | CN¥11.78 | 8.9% +CN¥1.3b | 54.4% | PE49.5x |