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Chinese (SSE) Tech Sector Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies979
  • 7D5.2%
  • 3M-13.8%
  • 1Y-18.7%
  • YTD-10.3%

Over the last 7 days, the Tech industry has risen 5.2%, and ZTE contributed the most with a gain of 16%. Meanwhile, Shenzhen Transsion Holdings actually underperformed within the industry, shrinking 5.0% in the last week. In the past year, the industry is down 19%. Looking forward, earnings are forecast to grow by 38% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024CN¥11.4tCN¥5.6tCN¥270.7b47.2x42.1x2x
Fri, 26 Jan 2024CN¥11.4tCN¥5.6tCN¥264.2b50.1x43.1x2x
Sun, 24 Dec 2023CN¥12.4tCN¥5.6tCN¥263.3b55x47.1x2.2x
Tue, 21 Nov 2023CN¥13.5tCN¥5.6tCN¥262.4b59x51.4x2.4x
Thu, 19 Oct 2023CN¥12.9tCN¥5.6tCN¥276.7b51.7x46.4x2.3x
Sat, 16 Sep 2023CN¥13.0tCN¥5.6tCN¥275.1b52.8x47.1x2.3x
Mon, 14 Aug 2023CN¥13.4tCN¥5.4tCN¥281.2b53.2x47.8x2.5x
Wed, 12 Jul 2023CN¥14.4tCN¥5.3tCN¥280.8b56.7x51.4x2.7x
Fri, 09 Jun 2023CN¥13.9tCN¥5.3tCN¥280.2b55.9x49.5x2.6x
Sun, 07 May 2023CN¥13.5tCN¥5.2tCN¥277.7b51.5x48.7x2.6x
Tue, 04 Apr 2023CN¥14.8tCN¥5.1tCN¥297.4b54.3x49.8x2.9x
Thu, 02 Mar 2023CN¥13.2tCN¥4.9tCN¥269.0b52.6x49.3x2.7x
Sat, 28 Jan 2023CN¥12.7tCN¥4.9tCN¥267.9b47.7x47.2x2.6x
Mon, 26 Dec 2022CN¥11.2tCN¥4.9tCN¥267.5b41.9x41.7x2.3x
Wed, 23 Nov 2022CN¥12.2tCN¥4.9tCN¥267.3b46.7x45.7x2.5x
Fri, 21 Oct 2022CN¥11.4tCN¥4.8tCN¥279.6b41.3x40.9x2.4x
Sun, 18 Sep 2022CN¥11.6tCN¥4.8tCN¥277.8b41x41.8x2.4x
Tue, 16 Aug 2022CN¥13.0tCN¥4.6tCN¥279.6b47.4x46.5x2.8x
Thu, 14 Jul 2022CN¥11.5tCN¥4.6tCN¥271.9b41.3x42.2x2.5x
Sat, 11 Jun 2022CN¥11.4tCN¥4.6tCN¥271.8b41.5x42x2.5x
Mon, 09 May 2022CN¥9.9tCN¥4.7tCN¥276.2b36.4x35.8x2.1x
Wed, 06 Apr 2022CN¥11.5tCN¥4.6tCN¥240.5b41.6x47.7x2.5x
Fri, 04 Mar 2022CN¥12.8tCN¥4.5tCN¥230.3b46.3x55.6x2.9x
Sun, 30 Jan 2022CN¥12.7tCN¥4.4tCN¥229.6b45.9x55.4x2.9x
Tue, 28 Dec 2021CN¥13.9tCN¥4.4tCN¥227.3b49.5x61x3.2x
Thu, 25 Nov 2021CN¥14.2tCN¥4.4tCN¥225.9b50.6x62.7x3.3x
Sat, 23 Oct 2021CN¥12.7tCN¥4.3tCN¥211.4b45.1x60.1x3x
Mon, 20 Sep 2021CN¥12.6tCN¥4.3tCN¥210.5b46.1x59.9x2.9x
Wed, 18 Aug 2021CN¥13.1tCN¥4.3tCN¥210.2b48.1x62.4x3.1x
Wed, 02 Jun 2021CN¥11.7tCN¥4.1tCN¥194.5b45.2x60.3x2.9x
Sat, 06 Mar 2021CN¥11.3tCN¥3.8tCN¥160.4b49.8x70.4x3x
Price to Earnings Ratio

70.4x


Total Market Cap: CN¥11.3tTotal Earnings: CN¥160.4bTotal Revenue: CN¥3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Tech Sector Price to Earnings3Y Average 50x202220232024
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 42.1x which is lower than its 3-year average PE of 50.6x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market3.73%
Tech5.19%
IT8.76%
Tech Hardware5.94%
Communications5.93%
Software5.92%
Electronic Equipment and Components5.28%
Semiconductors3.95%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 253x.
    • Analysts are expecting annual earnings growth of 46.6%, which is higher than its past year's earnings decline of 4.9% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 52.1x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 4.9% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 34% 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
63 ZTECN¥28.1615.9%
+CN¥18.5b
-12.7%PE14.8x
601138 Foxconn Industrial InternetCN¥19.334.5%
+CN¥16.7b
101.4%PE17.6x
688256 Cambricon TechnologiesCN¥168.1430.0%
+CN¥16.1b
100.2%PS104x
603019 Dawning Information IndustryCN¥45.8625.4%
+CN¥13.6b
41.8%PE36.5x
688041 Hygon Information TechnologyCN¥88.006.8%
+CN¥13.0b
69.6%PE162x
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Latest News

63

CN¥28.16

ZTE

7D

15.9%

1Y

-12.7%

688469

CN¥5.03

United Nova TechnologyLtd

7D

-6.3%

1Y

n/a

688041

CN¥88.00

Hygon Information Technology

7D

6.8%

1Y

69.6%

688036

CN¥151.00

Shenzhen Transsion Holdings

7D

-5.0%

1Y

87.2%

301150

CN¥28.06

Hubei Zhongyi Technology

7D

-3.9%

1Y

-46.7%

688012

CN¥138.45

Advanced Micro-Fabrication Equipment China

7D

11.8%

1Y

31.5%

300866

CN¥81.84

Anker Innovations

7D

-0.8%

1Y

27.7%

688256

CN¥168.14

Cambricon Technologies

7D

30.0%

1Y

100.2%

2415

CN¥34.95

Hangzhou Hikvision Digital Technology

7D

3.1%

1Y

-8.9%

600563

CN¥102.35

Xiamen Faratronic

7D

-0.1%

1Y

-32.8%

2230

CN¥49.82

iFLYTEKLTD

7D

9.6%

1Y

3.1%

301051

CN¥48.61

Shenzhen Xinhao Photoelectricity Technology

7D

-6.3%

1Y

8.6%

2185

CN¥8.27

Tianshui Huatian Technology

7D

-2.2%

1Y

-13.7%