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Jul 24
Chinese (SSE) Tech Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies984
- 7D-4.0%
- 3M-8.4%
- 1Y-24.9%
- YTD-17.1%
Over the last 7 days, the Tech industry has dropped 4.0%, driven by a pullback from Foxconn Industrial Internet of 4.7%. Meanwhile, Hengtong Optic-Electric actually outperformed within the industry, gaining 7.2% in the last week. Overall the industry is down 25% in 12 months. Looking forward, earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the Chinese Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥10.7t | CN¥5.7t | CN¥225.4b | 41.7x | 47.3x | 1.9x |
| Sun, 23 Jun 2024 | CN¥11.6t | CN¥5.7t | CN¥225.3b | 47.4x | 51.6x | 2x |
| Tue, 21 May 2024 | CN¥11.7t | CN¥5.7t | CN¥225.1b | 47.4x | 51.9x | 2x |
| Thu, 18 Apr 2024 | CN¥11.3t | CN¥5.7t | CN¥277.4b | 44.5x | 40.8x | 2x |
| Sat, 16 Mar 2024 | CN¥12.3t | CN¥5.6t | CN¥270.6b | 50.8x | 45.5x | 2.2x |
| Mon, 12 Feb 2024 | CN¥10.5t | CN¥5.6t | CN¥268.7b | 40x | 39x | 1.9x |
| Wed, 10 Jan 2024 | CN¥11.7t | CN¥5.6t | CN¥263.5b | 53.6x | 44.5x | 2.1x |
| Fri, 08 Dec 2023 | CN¥12.7t | CN¥5.6t | CN¥263.3b | 56.6x | 48.3x | 2.3x |
| Sun, 05 Nov 2023 | CN¥12.8t | CN¥5.6t | CN¥262.1b | 54.5x | 48.7x | 2.3x |
| Tue, 03 Oct 2023 | CN¥13.0t | CN¥5.6t | CN¥275.3b | 52.9x | 47.3x | 2.3x |
| Thu, 31 Aug 2023 | CN¥13.4t | CN¥5.4t | CN¥276.3b | 53.8x | 48.3x | 2.5x |
| Sat, 29 Jul 2023 | CN¥13.7t | CN¥5.3t | CN¥281.1b | 53.9x | 48.6x | 2.6x |
| Mon, 26 Jun 2023 | CN¥14.8t | CN¥5.3t | CN¥279.7b | 57.8x | 52.8x | 2.8x |
| Wed, 24 May 2023 | CN¥13.5t | CN¥5.2t | CN¥278.7b | 54.5x | 48.6x | 2.6x |
| Fri, 21 Apr 2023 | CN¥15.1t | CN¥5.0t | CN¥284.0b | 55.8x | 53.2x | 3x |
| Sun, 19 Mar 2023 | CN¥13.4t | CN¥5.1t | CN¥296.1b | 52.4x | 45.4x | 2.6x |
| Tue, 14 Feb 2023 | CN¥13.3t | CN¥4.9t | CN¥268.3b | 51.5x | 49.4x | 2.7x |
| Thu, 12 Jan 2023 | CN¥11.9t | CN¥4.9t | CN¥268.0b | 44.5x | 44.3x | 2.4x |
| Sat, 10 Dec 2022 | CN¥12.0t | CN¥4.9t | CN¥266.8b | 45.2x | 44.8x | 2.4x |
| Mon, 07 Nov 2022 | CN¥12.4t | CN¥4.9t | CN¥266.1b | 46.4x | 46.5x | 2.5x |
| Wed, 05 Oct 2022 | CN¥10.8t | CN¥4.8t | CN¥277.9b | 37.6x | 38.9x | 2.3x |
| Fri, 02 Sep 2022 | CN¥11.9t | CN¥4.7t | CN¥276.1b | 41.7x | 42.9x | 2.5x |
| Sun, 31 Jul 2022 | CN¥12.1t | CN¥4.6t | CN¥273.7b | 43.8x | 44.2x | 2.6x |
| Tue, 28 Jun 2022 | CN¥11.9t | CN¥4.6t | CN¥272.3b | 42.5x | 43.7x | 2.6x |
| Thu, 26 May 2022 | CN¥10.5t | CN¥4.6t | CN¥272.1b | 38.4x | 38.5x | 2.3x |
| Sat, 23 Apr 2022 | CN¥10.1t | CN¥4.6t | CN¥245.0b | 35.8x | 41.3x | 2.2x |
| Mon, 21 Mar 2022 | CN¥12.1t | CN¥4.6t | CN¥236.9b | 43.4x | 51.1x | 2.7x |
| Wed, 16 Feb 2022 | CN¥12.6t | CN¥4.4t | CN¥228.9b | 46.5x | 55x | 2.8x |
| Fri, 14 Jan 2022 | CN¥13.3t | CN¥4.4t | CN¥229.1b | 49.8x | 58.2x | 3x |
| Sun, 12 Dec 2021 | CN¥14.2t | CN¥4.4t | CN¥226.7b | 49.4x | 62.6x | 3.2x |
| Tue, 09 Nov 2021 | CN¥13.3t | CN¥4.4t | CN¥225.7b | 47.1x | 58.7x | 3x |
| Thu, 07 Oct 2021 | CN¥12.6t | CN¥4.3t | CN¥210.6b | 44.3x | 59.8x | 2.9x |
| Sat, 04 Sep 2021 | CN¥13.1t | CN¥4.3t | CN¥210.5b | 47.7x | 62x | 3.1x |
| Mon, 02 Aug 2021 | CN¥13.7t | CN¥4.3t | CN¥208.4b | 49.7x | 65.9x | 3.2x |
Price to Earnings Ratio
65.9x
Current Industry PE
- Investors are relatively neutral on the Chinese Information Technology 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 48.7x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 2.6% per year over the last three years.
- Revenues for these companies have grown 10% 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 Tech sector?
| CN Market | -3.39% | |
| Tech | -4.00% | |
| Software | -0.58% | |
| IT | -0.95% | |
| Tech Hardware | -3.06% | |
| Semiconductors | -3.64% | |
| Communications | -4.20% | |
| Electronic Equipment and Components | -5.63% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 193x.
- Analysts are expecting annual earnings growth of 30.3%, which is higher than its past year's earnings decline of 5.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings growth rate of 0.5% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| 600487 Hengtong Optic-Electric | CN¥16.14 | 7.2% +CN¥2.6b | 5.8% | PE17.2x | |
| 603806 Hangzhou First Applied Material | CN¥15.45 | 6.2% +CN¥2.3b | -36.0% | PE20.1x | |
| 002232 Qiming Information TechnologyLtd | CN¥19.48 | 41.7% +CN¥2.3b | 21.3% | PS6.6x | |
| 600131 State Grid Information & Communication | CN¥17.06 | 11.4% +CN¥2.1b | 0.3% | PE24.1x | |
| 300762 Jushri Technologies | CN¥17.70 | 20.9% +CN¥1.9b | 21.7% | PS36.6x |
