Narrative Update • Aug 16
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Chinese (SSE) Real Estate Sector Analysis
UpdatedAug 17, 2026
DataAggregated Company Financials
Companies118
- 7D2.2%
- 3M-12.8%
- 1Y-15.5%
- YTD-15.3%
The Real Estate industry is up 2.2% in the last week, with China Merchants Shekou Industrial Zone Holdings up 4.7%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 39% per annum.
Sector Valuation and Performance
Has the Chinese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | CN¥1.1t | CN¥1.5t | -CN¥172,772,373,094.33 | 48.9x | -6.4x | 0.7x |
| Thu, 16 Jul 2026 | CN¥1.1t | CN¥1.5t | -CN¥172,357,223,086.75 | 39.1x | -6.1x | 0.7x |
| Sat, 13 Jun 2026 | CN¥1.1t | CN¥1.5t | -CN¥173,073,934,396.57 | 42.2x | -6.6x | 0.7x |
| Mon, 11 May 2026 | CN¥1.3t | CN¥1.5t | -CN¥178,301,972,222.65 | 52.9x | -7.3x | 0.9x |
| Wed, 08 Apr 2026 | CN¥1.1t | CN¥1.7t | -CN¥185,339,073,664.21 | 45.4x | -6.2x | 0.7x |
| Fri, 06 Mar 2026 | CN¥1.3t | CN¥1.8t | -CN¥144,003,314,684.84 | 47.1x | -8.8x | 0.7x |
| Sun, 01 Feb 2026 | CN¥1.3t | CN¥1.8t | -CN¥143,846,541,052.16 | 51.8x | -9.3x | 0.7x |
| Tue, 30 Dec 2025 | CN¥1.3t | CN¥1.8t | -CN¥143,858,319,955.72 | 49.6x | -8.8x | 0.7x |
| Thu, 27 Nov 2025 | CN¥1.3t | CN¥1.8t | -CN¥143,858,390,293.86 | 47.8x | -9.1x | 0.7x |
| Sat, 25 Oct 2025 | CN¥1.4t | CN¥1.9t | -CN¥146,370,113,677.42 | 56.8x | -9.4x | 0.7x |
| Mon, 22 Sep 2025 | CN¥1.4t | CN¥1.9t | -CN¥144,777,970,642.49 | 55.2x | -9.5x | 0.7x |
| Wed, 20 Aug 2025 | CN¥1.3t | CN¥1.9t | -CN¥132,487,636,020.55 | 54.4x | -9.9x | 0.7x |
| Fri, 18 Jul 2025 | CN¥1.2t | CN¥1.9t | -CN¥131,552,174,352.28 | 57.1x | -9.3x | 0.6x |
| Sun, 15 Jun 2025 | CN¥1.2t | CN¥1.9t | -CN¥131,428,616,673.67 | 48.3x | -8.9x | 0.6x |
| Tue, 13 May 2025 | CN¥1.2t | CN¥2.0t | -CN¥114,360,903,189.86 | 48.5x | -10.5x | 0.6x |
| Thu, 10 Apr 2025 | CN¥1.2t | CN¥2.1t | -CN¥95,198,763,683.11 | 42.6x | -12.8x | 0.6x |
| Sat, 08 Mar 2025 | CN¥1.3t | CN¥2.2t | -CN¥57,648,361,980.13 | 45.3x | -22.7x | 0.6x |
| Mon, 03 Feb 2025 | CN¥1.3t | CN¥2.2t | -CN¥57,995,911,244.00 | 43.7x | -21.8x | 0.6x |
| Wed, 01 Jan 2025 | CN¥1.3t | CN¥2.2t | -CN¥57,995,917,081.62 | 44.9x | -23.2x | 0.6x |
| Fri, 29 Nov 2024 | CN¥1.5t | CN¥2.2t | -CN¥57,995,911,135.16 | 45.5x | -25.1x | 0.7x |
| Sun, 27 Oct 2024 | CN¥1.4t | CN¥2.3t | -CN¥43,284,277,974.06 | 49.8x | -32.4x | 0.6x |
| Tue, 24 Sep 2024 | CN¥1.1t | CN¥2.3t | -CN¥42,969,517,630.07 | 39.8x | -25.8x | 0.5x |
| Thu, 22 Aug 2024 | CN¥1.1t | CN¥2.5t | -CN¥8,827,306,493.94 | 27.3x | -121.1x | 0.4x |
| Sat, 20 Jul 2024 | CN¥1.1t | CN¥2.5t | -CN¥8,604,399,755.62 | 31x | -129.7x | 0.4x |
| Mon, 17 Jun 2024 | CN¥1.2t | CN¥2.6t | -CN¥13,832,066,890.87 | 33.4x | -88.5x | 0.5x |
| Wed, 15 May 2024 | CN¥1.3t | CN¥2.5t | -CN¥33,906,937,987.34 | 31.9x | -36.9x | 0.5x |
| Fri, 12 Apr 2024 | CN¥1.2t | CN¥2.6t | -CN¥10,164,174,533.00 | 22.3x | -117.6x | 0.5x |
| Sun, 10 Mar 2024 | CN¥1.2t | CN¥2.7t | -CN¥11,664,288,901.01 | 19.3x | -106.8x | 0.5x |
| Tue, 06 Feb 2024 | CN¥1.1t | CN¥2.7t | -CN¥13,452,605,252.08 | 17.1x | -84.7x | 0.4x |
| Thu, 04 Jan 2024 | CN¥1.3t | CN¥2.7t | -CN¥27,293,447,136.00 | 20.4x | -48.8x | 0.5x |
| Sat, 02 Dec 2023 | CN¥1.4t | CN¥2.7t | -CN¥27,178,186,099.00 | 20.6x | -53x | 0.5x |
| Mon, 30 Oct 2023 | CN¥1.4t | CN¥2.7t | -CN¥15,241,080,456.00 | 19.7x | -93.9x | 0.5x |
| Wed, 27 Sep 2023 | CN¥1.6t | CN¥2.7t | -CN¥13,394,187,375.00 | 20.4x | -116.9x | 0.6x |
| Fri, 25 Aug 2023 | CN¥1.6t | CN¥2.7t | -CN¥11,494,622,848.00 | 22.3x | -140x | 0.6x |
Price to Earnings Ratio
-140x
Current Industry PE
- Investors are optimistic on the Chinese Real Estate industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have deteriorated over the last three years.
- Revenues have also declined 17% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Chinese Real Estate sector?
| CN Market | 0.18% | |
| Real Estate | 2.23% | |
| Real Estate | 2.27% | |
| Industrial REITs | 0.51% | |
| REITS | 0% | 0 |
| Residential REITs | 0% | 0 |
| Specialized REITs | -0.85% | |
Industry PE
- Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 16.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 3.0% 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 | |
|---|---|---|---|---|---|
| 001979 China Merchants Shekou Industrial Zone Holdings | CN¥7.54 | 4.7% +CN¥3.1b | -16.7% | PE216.9x | |
| 000029 Shenzhen Special Economic Zone Real Estate & Properties (Group) | CN¥24.42 | 9.5% +CN¥2.1b | -0.04% | PE1046.5x | |
| 000620 Winnovation Culturaltainment Development | CN¥3.10 | 12.3% +CN¥2.0b | 90.2% | PS10.7x | |
| 600246 Vantone Neo Development Group | CN¥13.28 | 7.1% +CN¥1.7b | 38.6% | PS56.9x | |
| 600162 Shenzhen HeungKong HoldingLtd | CN¥4.40 | 12.8% +CN¥1.6b | 160.4% | PS10.7x |