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Chinese (SSE) Tech Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies903
  • 7D1.6%
  • 3M-1.9%
  • 1Y-25.1%
  • YTD-22.8%

In the last week, the Tech industry is up 1.6%, with LONGi Green Energy Technology up 4.9%. In contrast, the industry has lost 25% in the last 12 months. Earnings are forecast to grow by 32% annually.

Sector Valuation and Performance

Has the Chinese Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022CN„12.1tCN„4.9tCN„266.6b46.4x45.3x2.5x
Tue, 01 Nov 2022CN„11.7tCN„4.9tCN„265.4b44.1x44.2x2.4x
Thu, 29 Sep 2022CN„11.0tCN„4.8tCN„277.4b37.9x39.7x2.3x
Sat, 27 Aug 2022CN„12.1tCN„4.7tCN„274.4b43.4x44.1x2.6x
Mon, 25 Jul 2022CN„11.9tCN„4.6tCN„272.7b43.2x43.5x2.6x
Wed, 22 Jun 2022CN„11.5tCN„4.6tCN„272.1b41.7x42.4x2.5x
Fri, 20 May 2022CN„10.7tCN„4.5tCN„271.9b39.1x39.2x2.3x
Sun, 17 Apr 2022CN„10.4tCN„4.6tCN„247.7b37.2x42.2x2.3x
Tue, 15 Mar 2022CN„11.9tCN„4.5tCN„232.9b43x51.1x2.6x
Thu, 10 Feb 2022CN„12.8tCN„4.4tCN„228.7b47x55.9x2.9x
Sat, 08 Jan 2022CN„13.5tCN„4.4tCN„228.8b50x59x3.1x
Mon, 06 Dec 2021CN„14.0tCN„4.4tCN„226.8b50.9x61.8x3.2x
Wed, 03 Nov 2021CN„13.1tCN„4.4tCN„226.6b47.5x57.8x3x
Fri, 01 Oct 2021CN„12.6tCN„4.3tCN„210.5b44.3x59.8x2.9x
Sun, 29 Aug 2021CN„13.5tCN„4.3tCN„210.5b48.8x64.3x3.2x
Mon, 05 Jul 2021CN„12.9tCN„4.3tCN„205.1b46.9x63.1x3x
Thu, 08 Apr 2021CN„10.7tCN„4.1tCN„194.5b41.9x55x2.6x
Sun, 10 Jan 2021CN„11.7tCN„3.8tCN„158.8b53x73.6x3.1x
Sat, 03 Oct 2020CN„11.1tCN„3.6tCN„150.0b57.9x74x3x
Tue, 07 Jul 2020CN„10.3tCN„3.5tCN„136.9b57.9x75.1x2.9x
Fri, 10 Apr 2020CN„8.1tCN„3.4tCN„125.9b54.1x64x2.4x
Thu, 02 Jan 2020CN„8.0tCN„3.4tCN„133.4b50.7x59.7x2.4x
Price to Earnings Ratio

59.7x


Total Market Cap: CN„8.0tTotal Earnings: CN„133.4bTotal Revenue: CN„3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Tech Sector Price to Earnings3Y Average 61x20212022
Current Industry PE
  • Investors are pessimistic on the Chinese Information Technology 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 45.3x which is lower than its 3-year average PE of 61.0x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market2.50%
Tech1.62%
IT3.98%
Software2.97%
Communications2.17%
Tech Hardware1.82%
Electronic Equipment and Components1.34%
Semiconductors0.94%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 127x.
    • Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings decline of 17.8% per year.
  • Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading below its 3-year average of 40.1x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Communications 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?

CompanyLast Price7D1YValuation
601012 LONGi Green Energy TechnologyCN„47.984.9%
+CN„17.1b
-18.3%PE29.1x
2415 Hangzhou Hikvision Digital TechnologyCN„31.953.4%
+CN„9.9b
-34.0%PE20.5x
2459 JA Solar TechnologyCN„58.795.1%
+CN„6.8b
-4.5%PE34.5x
688599 Trina SolarCN„67.313.6%
+CN„5.0b
-5.9%PE47.9x
688036 Shenzhen Transsion HoldingsCN„76.206.9%
+CN„3.9b
-52.7%PE18.6x
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