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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Dec 2022 | CN¥12.1t | CN¥4.9t | CN¥266.6b | 46.4x | 45.3x | 2.5x |
| Tue, 01 Nov 2022 | CN¥11.7t | CN¥4.9t | CN¥265.4b | 44.1x | 44.2x | 2.4x |
| Thu, 29 Sep 2022 | CN¥11.0t | CN¥4.8t | CN¥277.4b | 37.9x | 39.7x | 2.3x |
| Sat, 27 Aug 2022 | CN¥12.1t | CN¥4.7t | CN¥274.4b | 43.4x | 44.1x | 2.6x |
| Mon, 25 Jul 2022 | CN¥11.9t | CN¥4.6t | CN¥272.7b | 43.2x | 43.5x | 2.6x |
| Wed, 22 Jun 2022 | CN¥11.5t | CN¥4.6t | CN¥272.1b | 41.7x | 42.4x | 2.5x |
| Fri, 20 May 2022 | CN¥10.7t | CN¥4.5t | CN¥271.9b | 39.1x | 39.2x | 2.3x |
| Sun, 17 Apr 2022 | CN¥10.4t | CN¥4.6t | CN¥247.7b | 37.2x | 42.2x | 2.3x |
| Tue, 15 Mar 2022 | CN¥11.9t | CN¥4.5t | CN¥232.9b | 43x | 51.1x | 2.6x |
| Thu, 10 Feb 2022 | CN¥12.8t | CN¥4.4t | CN¥228.7b | 47x | 55.9x | 2.9x |
| Sat, 08 Jan 2022 | CN¥13.5t | CN¥4.4t | CN¥228.8b | 50x | 59x | 3.1x |
| Mon, 06 Dec 2021 | CN¥14.0t | CN¥4.4t | CN¥226.8b | 50.9x | 61.8x | 3.2x |
| Wed, 03 Nov 2021 | CN¥13.1t | CN¥4.4t | CN¥226.6b | 47.5x | 57.8x | 3x |
| Fri, 01 Oct 2021 | CN¥12.6t | CN¥4.3t | CN¥210.5b | 44.3x | 59.8x | 2.9x |
| Sun, 29 Aug 2021 | CN¥13.5t | CN¥4.3t | CN¥210.5b | 48.8x | 64.3x | 3.2x |
| Mon, 05 Jul 2021 | CN¥12.9t | CN¥4.3t | CN¥205.1b | 46.9x | 63.1x | 3x |
| Thu, 08 Apr 2021 | CN¥10.7t | CN¥4.1t | CN¥194.5b | 41.9x | 55x | 2.6x |
| Sun, 10 Jan 2021 | CN¥11.7t | CN¥3.8t | CN¥158.8b | 53x | 73.6x | 3.1x |
| Sat, 03 Oct 2020 | CN¥11.1t | CN¥3.6t | CN¥150.0b | 57.9x | 74x | 3x |
| Tue, 07 Jul 2020 | CN¥10.3t | CN¥3.5t | CN¥136.9b | 57.9x | 75.1x | 2.9x |
| Fri, 10 Apr 2020 | CN¥8.1t | CN¥3.4t | CN¥125.9b | 54.1x | 64x | 2.4x |
| Thu, 02 Jan 2020 | CN¥8.0t | CN¥3.4t | CN¥133.4b | 50.7x | 59.7x | 2.4x |
Price to Earnings Ratio
59.7x
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 Market | 2.50% | |
| Tech | 1.62% | |
| IT | 3.98% | |
| Software | 2.97% | |
| Communications | 2.17% | |
| Tech Hardware | 1.82% | |
| Electronic Equipment and Components | 1.34% | |
| Semiconductors | 0.94% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601012 LONGi Green Energy Technology | CN¥47.98 | 4.9% +CN¥17.1b | -18.3% | PE29.1x | |
| 2415 Hangzhou Hikvision Digital Technology | CN¥31.95 | 3.4% +CN¥9.9b | -34.0% | PE20.5x | |
| 2459 JA Solar Technology | CN¥58.79 | 5.1% +CN¥6.8b | -4.5% | PE34.5x | |
| 688599 Trina Solar | CN¥67.31 | 3.6% +CN¥5.0b | -5.9% | PE47.9x | |
| 688036 Shenzhen Transsion Holdings | CN¥76.20 | 6.9% +CN¥3.9b | -52.7% | PE18.6x |