Header cover image

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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 May 2023CN¥4.2tCN¥2.0tCN¥150.7b35.6x27.6x2.1x
Thu, 27 Apr 2023CN¥4.2tCN¥2.0tCN¥141.7b36.2x29.6x2.1x
Sat, 25 Mar 2023CN¥4.3tCN¥1.8tCN¥122.4b37x35.1x2.3x
Mon, 20 Feb 2023CN¥4.5tCN¥1.7tCN¥113.8b37.4x39.6x2.6x
Wed, 18 Jan 2023CN¥4.6tCN¥1.7tCN¥109.8b36.1x41.5x2.7x
Fri, 16 Dec 2022CN¥4.4tCN¥1.7tCN¥109.7b35.5x39.9x2.6x
Sun, 13 Nov 2022CN¥4.5tCN¥1.7tCN¥109.6b35.8x40.9x2.6x
Tue, 11 Oct 2022CN¥4.2tCN¥1.6tCN¥97.0b31.4x43x2.6x
Thu, 08 Sep 2022CN¥4.8tCN¥1.6tCN¥98.5b37.7x49.2x3x
Sat, 06 Aug 2022CN¥5.0tCN¥1.5tCN¥85.6b40.4x58.2x3.3x
Mon, 04 Jul 2022CN¥4.8tCN¥1.5tCN¥85.5b38.2x55.9x3.2x
Wed, 01 Jun 2022CN¥3.9tCN¥1.5tCN¥81.8b34.3x47.8x2.7x
Fri, 29 Apr 2022CN¥3.3tCN¥1.4tCN¥91.4b28.1x36.4x2.3x
Sun, 27 Mar 2022CN¥4.2tCN¥1.3tCN¥83.3b36.8x50.7x3.2x
Tue, 22 Feb 2022CN¥4.6tCN¥1.3tCN¥84.6b41.7x54.3x3.5x
Thu, 20 Jan 2022CN¥4.9tCN¥1.3tCN¥84.1b43.5x58.5x3.8x
Sat, 18 Dec 2021CN¥5.6tCN¥1.3tCN¥84.6b46.1x66.4x4.3x
Mon, 15 Nov 2021CN¥5.5tCN¥1.3tCN¥83.5b45.5x65.3x4.2x
Wed, 13 Oct 2021CN¥4.4tCN¥1.2tCN¥78.6b38.4x56.2x3.7x
Fri, 10 Sep 2021CN¥4.7tCN¥1.2tCN¥78.5b41.4x59.7x3.9x
Sun, 08 Aug 2021CN¥4.7tCN¥1.2tCN¥79.2b39.7x59.4x3.9x
Sat, 01 May 2021CN¥3.3tCN¥1.1tCN¥72.6b31.2x45.6x3.1x
Tue, 02 Feb 2021CN¥3.3tCN¥999.3bCN¥60.5b34.3x54.9x3.3x
Fri, 06 Nov 2020CN¥2.7tCN¥937.1bCN¥41.9b39.9x63.6x2.8x
Mon, 10 Aug 2020CN¥2.5tCN¥876.8bCN¥33.9b39.7x73.1x2.8x
Price to Earnings Ratio

63.5x


Total Market Cap: CN¥1.9tTotal Earnings: CN¥30.6bTotal Revenue: CN¥835.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Electrical Industry Price to Earnings3Y Average 52.7x202120222023
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?

CompanyLast Price7D1YValuation
600406 NARI TechnologyCN¥27.521.7%
+CN¥3.1b
-3.6%PE27.9x
300510 JILIN JINGUAN ELECTRICLtdCN¥8.3045.6%
+CN¥2.2b
90.8%PE97x
300913 Zhejiang Zhaolong Interconnect TechnologyCN¥39.0036.6%
+CN¥1.9b
154.0%PE57.3x
688772 Zhuhai CosMX BatteryCN¥18.838.0%
+CN¥1.6b
-32.1%PS2x
600312 Henan Pinggao ElectricLtdCN¥11.788.9%
+CN¥1.3b
54.4%PE49.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

300913

CN¥39.00

Zhejiang Zhaolong Interconnect Technology

7D

36.6%

1Y

154.0%

601615

CN¥17.81

Ming Yang Smart Energy Group

7D

-5.1%

1Y

-30.0%

300274

CN¥110.60

Sungrow Power Supply

7D

-3.3%

1Y

38.3%

688390

CN¥232.50

GoodWe Technologies

7D

-6.7%

1Y

22.8%

300014

CN¥65.22

EVE Energy

7D

-2.7%

1Y

-18.9%

300751

CN¥160.02

Suzhou Maxwell Technologies

7D

-6.2%

1Y

-32.1%

603662

CN¥28.16

Keli Sensing Technology (Ningbo)Ltd

7D

16.6%

1Y

90.2%

600522

CN¥14.53

Jiangsu Zhongtian Technology

7D

-6.3%

1Y

-20.8%

688778

CN¥71.00

XTC New Energy Materials(Xiamen)Ltd

7D

4.8%

1Y

-18.6%

2074

CN¥26.86

Gotion High-techLtd

7D

-4.4%

1Y

-27.2%

600406

CN¥27.52

NARI Technology

7D

1.7%

1Y

-3.6%

300709

CN¥28.54

Jiangsu Gian Technology

7D

29.8%

1Y

-15.4%

300510

CN¥8.30

JILIN JINGUAN ELECTRICLtd

7D

45.6%

1Y

90.8%

600312

CN¥11.78

Henan Pinggao ElectricLtd

7D

8.9%

1Y

54.4%

688063

CN¥200.46

Pylon Technologies

7D

-7.3%

1Y

-0.8%

688772

CN¥18.83

Zhuhai CosMX Battery

7D

8.0%

1Y

-32.1%