Suzhou Secote Precision ElectronicLTD's (SHSE:603283) Solid Earnings Are Supported By Other Strong Factors
May 06
Chinese (SSE) Industrial Machinery Industry Analysis
UpdatedMay 07, 2024
DataAggregated Company Financials
Companies389
- 7D1.4%
- 3M22.9%
- 1Y-10.0%
- YTDn/a
In the last week, the Industrial Machinery industry is up 1.4%, with Shenzhen Inovance TechnologyLtd up 7.2%. During this same period, the RoboTechnik Intelligent Technology underperformed, falling 12%. In the past year, the industry is down 10.0%. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the Chinese Industrial Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CN¥2.5t | CN¥1.1t | CN¥59.5b | 31.6x | 41.9x | 2.2x |
| Fri, 05 Apr 2024 | CN¥2.5t | CN¥1.1t | CN¥63.6b | 31.4x | 39x | 2.2x |
| Sun, 03 Mar 2024 | CN¥2.5t | CN¥1.1t | CN¥64.6b | 30.4x | 38.7x | 2.2x |
| Tue, 30 Jan 2024 | CN¥2.3t | CN¥1.1t | CN¥65.7b | 28.9x | 35.2x | 2x |
| Thu, 28 Dec 2023 | CN¥2.6t | CN¥1.1t | CN¥67.4b | 32.4x | 38.8x | 2.3x |
| Sat, 25 Nov 2023 | CN¥2.7t | CN¥1.1t | CN¥67.2b | 34.8x | 40.7x | 2.4x |
| Mon, 23 Oct 2023 | CN¥2.6t | CN¥1.1t | CN¥65.4b | 32x | 39.6x | 2.3x |
| Wed, 20 Sep 2023 | CN¥2.7t | CN¥1.1t | CN¥64.1b | 34.5x | 42.1x | 2.4x |
| Fri, 18 Aug 2023 | CN¥2.8t | CN¥1.1t | CN¥65.9b | 35.7x | 42.2x | 2.5x |
| Sun, 16 Jul 2023 | CN¥3.0t | CN¥1.1t | CN¥65.6b | 38x | 45x | 2.7x |
| Tue, 13 Jun 2023 | CN¥2.8t | CN¥1.1t | CN¥65.2b | 36x | 42.3x | 2.5x |
| Thu, 11 May 2023 | CN¥2.7t | CN¥1.1t | CN¥62.9b | 34.4x | 42.4x | 2.5x |
| Sat, 08 Apr 2023 | CN¥2.8t | CN¥1.1t | CN¥66.4b | 36.7x | 42.7x | 2.7x |
| Mon, 06 Mar 2023 | CN¥2.9t | CN¥1.1t | CN¥62.1b | 37.9x | 47x | 2.7x |
| Wed, 01 Feb 2023 | CN¥2.9t | CN¥1.1t | CN¥60.5b | 37.7x | 47.9x | 2.7x |
| Fri, 30 Dec 2022 | CN¥2.6t | CN¥1.1t | CN¥60.3b | 33.5x | 43.7x | 2.5x |
| Sun, 27 Nov 2022 | CN¥2.7t | CN¥1.1t | CN¥60.1b | 36.3x | 45.6x | 2.6x |
| Tue, 25 Oct 2022 | CN¥2.7t | CN¥1.1t | CN¥61.8b | 36.8x | 44.2x | 2.6x |
| Thu, 22 Sep 2022 | CN¥2.7t | CN¥1.0t | CN¥60.5b | 36.4x | 45x | 2.6x |
| Sat, 20 Aug 2022 | CN¥3.0t | CN¥1.0t | CN¥61.4b | 41.2x | 49.6x | 2.9x |
| Mon, 18 Jul 2022 | CN¥2.8t | CN¥1.0t | CN¥59.3b | 36.9x | 46.9x | 2.7x |
| Wed, 15 Jun 2022 | CN¥2.5t | CN¥1.0t | CN¥58.5b | 34.2x | 42.9x | 2.4x |
| Fri, 13 May 2022 | CN¥2.2t | CN¥1.0t | CN¥59.0b | 32x | 37.2x | 2.1x |
| Sun, 10 Apr 2022 | CN¥2.3t | CN¥974.8b | CN¥55.8b | 32.8x | 41.9x | 2.4x |
| Tue, 08 Mar 2022 | CN¥2.6t | CN¥943.8b | CN¥60.3b | 37.7x | 42.8x | 2.7x |
| Thu, 03 Feb 2022 | CN¥2.5t | CN¥924.8b | CN¥57.6b | 37.8x | 43.8x | 2.7x |
| Sat, 01 Jan 2022 | CN¥2.9t | CN¥920.9b | CN¥56.8b | 42.5x | 51.1x | 3.2x |
| Mon, 29 Nov 2021 | CN¥3.0t | CN¥949.1b | CN¥60.3b | 43.3x | 49.1x | 3.1x |
| Wed, 27 Oct 2021 | CN¥2.8t | CN¥920.0b | CN¥59.5b | 37.9x | 46.6x | 3x |
| Fri, 24 Sep 2021 | CN¥2.8t | CN¥905.9b | CN¥58.2b | 41.2x | 49x | 3.1x |
| Sun, 22 Aug 2021 | CN¥2.7t | CN¥900.2b | CN¥57.6b | 39x | 47.3x | 3x |
| Fri, 09 Jul 2021 | CN¥2.4t | CN¥890.5b | CN¥56.0b | 35.6x | 42.5x | 2.7x |
Price to Earnings Ratio
43x
Current Industry PE
- Investors are relatively neutral on the Chinese Industrial Machinery 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 43.6x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Industrial Machinery industry have grown 4.1% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Industrial Machinery compare with similar industries?
| CN Market | 1.26% | |
| Industrials | 0.83% | |
| Machinery | 1.74% | |
| Industrial Machinery | 1.37% | |
| Construction Machinery and Vehicles | 2.39% | |
| Agricultural Machinery | 0.81% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 300124 Shenzhen Inovance TechnologyLtd | CN¥63.77 | 7.2% +CN¥11.4b | 10.4% | PE35.5x | |
| 601100 Jiangsu Hengli HydraulicLtd | CN¥52.83 | 3.6% +CN¥2.5b | -10.0% | PE28.6x | |
| 39 China International Marine Containers (Group) | CN¥9.43 | 4.0% +CN¥1.9b | 31.0% | PE180.5x | |
| 2050 Zhejiang Sanhua Intelligent ControlsLtd | CN¥22.41 | 2.3% +CN¥1.9b | -1.0% | PE28x | |
| 603283 Suzhou Secote Precision ElectronicLTD | CN¥75.41 | 13.7% +CN¥1.8b | 59.5% | PE21.3x |
