The Return Trends At Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Look Promising
Nov 19
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Chinese (SSE) Metals and Mining Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies199
- 7D-2.9%
- 3M21.4%
- 1Y5.9%
- YTD5.8%
Over the last 7 days, the Metals and Mining industry has dropped 2.9%, driven by a pullback from China Northern Rare Earth (Group) High-TechLtd of 8.3%. In the past year, the industry has gained 5.9%. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the Chinese Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥2.8t | CN¥4.0t | CN¥97.8b | 28.1x | 28.3x | 0.7x |
| Sat, 19 Oct 2024 | CN¥2.7t | CN¥4.1t | CN¥114.4b | 27.1x | 23.9x | 0.7x |
| Mon, 16 Sep 2024 | CN¥2.2t | CN¥4.1t | CN¥114.4b | 21.5x | 19.4x | 0.5x |
| Wed, 14 Aug 2024 | CN¥2.4t | CN¥4.1t | CN¥113.3b | 24.4x | 21.1x | 0.6x |
| Fri, 12 Jul 2024 | CN¥2.6t | CN¥4.1t | CN¥111.8b | 26.7x | 23.5x | 0.6x |
| Sun, 09 Jun 2024 | CN¥2.7t | CN¥4.1t | CN¥111.8b | 27.4x | 24.1x | 0.7x |
| Tue, 07 May 2024 | CN¥2.8t | CN¥4.1t | CN¥113.9b | 29.5x | 24.9x | 0.7x |
| Thu, 04 Apr 2024 | CN¥2.9t | CN¥4.1t | CN¥120.5b | 29.3x | 23.8x | 0.7x |
| Sat, 02 Mar 2024 | CN¥2.5t | CN¥4.1t | CN¥117.1b | 27.5x | 21.6x | 0.6x |
| Mon, 29 Jan 2024 | CN¥2.5t | CN¥4.1t | CN¥115.1b | 27.7x | 21.3x | 0.6x |
| Wed, 27 Dec 2023 | CN¥2.5t | CN¥4.1t | CN¥111.9b | 29.6x | 22.6x | 0.6x |
| Fri, 24 Nov 2023 | CN¥2.7t | CN¥4.1t | CN¥111.5b | 30.8x | 23.9x | 0.6x |
| Sun, 22 Oct 2023 | CN¥2.6t | CN¥4.1t | CN¥100.7b | 28.9x | 25.8x | 0.6x |
| Tue, 19 Sep 2023 | CN¥2.8t | CN¥4.1t | CN¥101.1b | 32.4x | 27.7x | 0.7x |
| Thu, 17 Aug 2023 | CN¥2.7t | CN¥4.1t | CN¥117.9b | 29.1x | 23.3x | 0.7x |
| Sat, 15 Jul 2023 | CN¥2.8t | CN¥4.1t | CN¥118.4b | 31x | 23.6x | 0.7x |
| Mon, 12 Jun 2023 | CN¥2.7t | CN¥4.1t | CN¥118.3b | 28.8x | 23.1x | 0.7x |
| Wed, 10 May 2023 | CN¥2.9t | CN¥4.2t | CN¥121.8b | 29.7x | 23.6x | 0.7x |
| Fri, 07 Apr 2023 | CN¥3.0t | CN¥4.2t | CN¥141.6b | 31x | 21x | 0.7x |
| Sun, 05 Mar 2023 | CN¥3.1t | CN¥4.2t | CN¥134.5b | 32.6x | 23x | 0.7x |
| Tue, 31 Jan 2023 | CN¥3.2t | CN¥4.2t | CN¥152.0b | 31.5x | 21.1x | 0.8x |
| Thu, 29 Dec 2022 | CN¥2.9t | CN¥4.2t | CN¥151.8b | 29.5x | 19.4x | 0.7x |
| Sat, 26 Nov 2022 | CN¥3.1t | CN¥4.2t | CN¥151.8b | 30.8x | 20.3x | 0.7x |
| Mon, 24 Oct 2022 | CN¥3.0t | CN¥4.3t | CN¥182.3b | 28.3x | 16.3x | 0.7x |
| Wed, 21 Sep 2022 | CN¥3.2t | CN¥4.3t | CN¥181.0b | 28.8x | 17.5x | 0.7x |
| Fri, 19 Aug 2022 | CN¥3.4t | CN¥4.2t | CN¥199.1b | 31.3x | 17.1x | 0.8x |
| Sun, 17 Jul 2022 | CN¥3.3t | CN¥4.2t | CN¥196.9b | 30.4x | 16.7x | 0.8x |
| Tue, 14 Jun 2022 | CN¥3.4t | CN¥4.2t | CN¥197.0b | 28.8x | 17x | 0.8x |
| Thu, 12 May 2022 | CN¥2.9t | CN¥4.2t | CN¥196.2b | 24.6x | 14.9x | 0.7x |
| Sat, 09 Apr 2022 | CN¥3.3t | CN¥4.0t | CN¥199.7b | 26.1x | 16.7x | 0.8x |
| Mon, 07 Mar 2022 | CN¥3.6t | CN¥3.8t | CN¥194.0b | 30.6x | 18.4x | 0.9x |
| Wed, 02 Feb 2022 | CN¥3.2t | CN¥3.8t | CN¥195.2b | 27.3x | 16.4x | 0.8x |
| Fri, 31 Dec 2021 | CN¥3.5t | CN¥3.8t | CN¥194.8b | 30.6x | 17.9x | 0.9x |
| Sun, 28 Nov 2021 | CN¥3.6t | CN¥3.8t | CN¥190.4b | 32.6x | 18.9x | 0.9x |
Price to Earnings Ratio
18.9x
Current Industry PE
- Investors are optimistic on the Chinese Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.3x which is higher than its 3-year average PE of 21.0x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 20% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | -3.39% | |
| Materials | -2.32% | |
| Metals and Mining | -2.94% | |
| Silver | 0% | |
| Gold | -0.11% | |
| Steel | -2.28% | |
| Copper | -2.90% | |
| Aluminum | -3.75% | |
| Diversified Metals and Mining | -4.03% | |
| Precious Metals and Minerals | -5.28% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 20.4x.
- Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 13.9% per year.
- Investors are most pessimistic about the Aluminum industry, which is trading close to its 3-year average of 18.0x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 600019 Baoshan Iron & Steel | CN¥6.77 | 3.4% +CN¥4.8b | 8.3% | PE15.7x | |
| 600547 Shandong Gold Mining | CN¥25.58 | 3.4% +CN¥3.7b | 13.7% | PE50.1x | |
| 600489 Zhongjin GoldLtd | CN¥13.21 | 5.2% +CN¥3.2b | 28.0% | PE18x | |
| 000975 Shanjin International Gold | CN¥17.26 | 4.0% +CN¥1.9b | 22.0% | PE23.6x | |
| 002318 Zhejiang JIULI Hi-tech MetalsLtd | CN¥24.00 | 8.0% +CN¥1.7b | 24.4% | PE16.2x |
