Chinese (SSE) Tech Sector Analysis

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
Wed, 08 Jul 2026	CN¥32.6t	CN¥7.2t	CN¥251.9b	92x	129.3x	4.5x
Fri, 05 Jun 2026	CN¥31.6t	CN¥7.1t	CN¥247.4b	88.5x	127.8x	4.4x
Sun, 03 May 2026	CN¥27.1t	CN¥7.1t	CN¥244.6b	81x	110.8x	3.8x
Tue, 31 Mar 2026	CN¥22.4t	CN¥6.7t	CN¥200.5b	72.4x	111.9x	3.3x
Thu, 26 Feb 2026	CN¥24.5t	CN¥6.5t	CN¥187.4b	78.8x	130.9x	3.8x
Sat, 24 Jan 2026	CN¥25.0t	CN¥6.5t	CN¥186.7b	79.9x	133.9x	3.8x
Mon, 22 Dec 2025	CN¥21.5t	CN¥6.5t	CN¥184.1b	66.6x	116.8x	3.3x
Wed, 19 Nov 2025	CN¥20.8t	CN¥6.5t	CN¥186.3b	66.3x	111.8x	3.2x
Fri, 17 Oct 2025	CN¥20.5t	CN¥6.3t	CN¥155.6b	71.6x	132.1x	3.3x
Sun, 14 Sep 2025	CN¥20.4t	CN¥6.3t	CN¥154.8b	70.4x	131.8x	3.2x
Tue, 12 Aug 2025	CN¥17.0t	CN¥6.1t	CN¥142.7b	70.9x	118.8x	2.8x
Thu, 10 Jul 2025	CN¥15.4t	CN¥6.1t	CN¥139.0b	64.5x	110.9x	2.5x
Sat, 07 Jun 2025	CN¥14.4t	CN¥6.1t	CN¥138.5b	61.3x	104x	2.4x
Mon, 05 May 2025	CN¥14.0t	CN¥6.1t	CN¥141.7b	60.2x	99.2x	2.3x
Wed, 02 Apr 2025	CN¥14.9t	CN¥6.0t	CN¥162.4b	65.1x	91.8x	2.5x
Fri, 28 Feb 2025	CN¥16.3t	CN¥5.9t	CN¥176.8b	66.1x	92.4x	2.7x
Sun, 26 Jan 2025	CN¥14.6t	CN¥5.9t	CN¥175.6b	57.7x	83x	2.5x
Tue, 24 Dec 2024	CN¥14.7t	CN¥5.9t	CN¥175.4b	59x	84x	2.5x
Thu, 21 Nov 2024	CN¥14.8t	CN¥5.9t	CN¥175.1b	58.2x	84.4x	2.5x
Sat, 19 Oct 2024	CN¥13.8t	CN¥5.8t	CN¥196.9b	54.7x	70.3x	2.4x
Mon, 16 Sep 2024	CN¥10.0t	CN¥5.8t	CN¥193.7b	39.2x	51.4x	1.7x
Wed, 14 Aug 2024	CN¥10.5t	CN¥5.8t	CN¥228.4b	41.1x	45.9x	1.8x
Fri, 12 Jul 2024	CN¥11.4t	CN¥5.7t	CN¥224.7b	45.7x	50.5x	2x
Sun, 09 Jun 2024	CN¥11.1t	CN¥5.7t	CN¥225.3b	44.6x	49.3x	1.9x
Tue, 07 May 2024	CN¥11.9t	CN¥5.7t	CN¥225.5b	47.7x	52.7x	2.1x
Thu, 04 Apr 2024	CN¥11.8t	CN¥5.7t	CN¥273.2b	48.8x	43.1x	2.1x
Sat, 02 Mar 2024	CN¥12.1t	CN¥5.6t	CN¥269.5b	50.1x	44.9x	2.1x
Mon, 29 Jan 2024	CN¥11.1t	CN¥5.6t	CN¥264.1b	49x	42.2x	2x
Wed, 27 Dec 2023	CN¥12.1t	CN¥5.6t	CN¥263.3b	53.9x	46.1x	2.2x
Fri, 24 Nov 2023	CN¥13.2t	CN¥5.6t	CN¥262.4b	58.3x	50.4x	2.4x
Sun, 22 Oct 2023	CN¥12.4t	CN¥5.6t	CN¥277.8b	49.9x	44.5x	2.2x
Tue, 19 Sep 2023	CN¥12.8t	CN¥5.6t	CN¥275.0b	52.7x	46.7x	2.3x
Thu, 17 Aug 2023	CN¥13.0t	CN¥5.4t	CN¥278.4b	52.6x	46.8x	2.4x
Sat, 15 Jul 2023	CN¥14.5t	CN¥5.3t	CN¥280.5b	57.2x	51.8x	2.8x

Current Industry PE

Investors are optimistic on the Chinese Information Technology industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 129x which is higher than its 3-year average PE of 83.0x.

The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.5x.

Past Earnings Growth

The earnings for companies in the Information Technology industry have declined 3.5% per year over the last three years.
Meanwhile revenues for these companies have grown 11% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Chinese Tech sector?


CN Market	-4.33%
Tech	-10.45%
Software	-5.10%
IT	-5.74%
Tech Hardware	-8.48%
Semiconductors	-10.19%
Electronic Equipment and Components	-11.23%
Communications	-12.77%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 47.8%, which is higher than its past year's earnings growth of 5.3% per year.

Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 57.7x.

Forecasted Growth

Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 48% over the next 5 years.
This is better than its past earnings growth rate of 6.9% per year.

In contrast, the Tech Hardware industry is expected to see its earnings grow by 23% 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
688802 MetaX Integrated Circuits (Shanghai)	CN¥840.08	7.7% +CN¥24.0b	n/a	PS178.3x
301165 Ruijie Networks	CN¥105.50	22.8% +CN¥21.8b	144.2%	PE165x
000977 Inspur Electronic Information Industry	CN¥78.17	16.2% +CN¥16.0b	52.4%	PE44.9x
688141 JoulWatt Technology	CN¥177.00	19.2% +CN¥12.8b	509.7%	PS27.6x
000938 Unisplendour	CN¥33.62	12.3% +CN¥10.6b	40.2%	PE45.3x

Company

Last Price

Valuation

688802 MetaX Integrated Circuits (Shanghai)

CN¥840.08

7.7%
+CN¥24.0b

n/a

PS178.3x

301165 Ruijie Networks

CN¥105.50

22.8%
+CN¥21.8b

144.2%

PE165x

000977 Inspur Electronic Information Industry

CN¥78.17

16.2%
+CN¥16.0b

52.4%

PE44.9x

688141 JoulWatt Technology

CN¥177.00

19.2%
+CN¥12.8b

509.7%

PS27.6x

000938 Unisplendour

CN¥33.62

12.3%
+CN¥10.6b

40.2%

PE45.3x

GigaDevice Semiconductor Inc. Launches First GD24CL Series I²C EEPROM, Expands Non-Volatile Memory Portfolio

GigaDevice Semiconductor Inc. announced the launch of its new GD24CL series I²C EEPROM. The series delivers outstanding performance, comprehensive security protection mechanisms, and excellent reliability that addresses the stringent requirements for stable and long-term storage of critical configuration data. These offered features will benefit applications in industrial, energy, Internet-of-Things (IoT), data centers, and networking. The GD24CL series is designed with high reliability as a core objective from the outset. The products offer an endurance of up to 4 million program/erase cycles, which is four times higher than the industry standard and enables reliable operation under frequent parameter update scenarios. Data retention is up to 100 years, ensuring long-term stability of stored information. Additionally, the devices integrate a hardware-level Error Correction Code (ECC) functionality, significantly improving data integrity and system reliability. The series also supports an extended operating temperature range from -40°C to 125°C to fully adapt and operate in demanding application environments. GD24CL series supports three clock frequency options of 100kHz, 400kHz, and 1MHz to support diverse I2C system communication requirements and to cover a wide range of applications from low-speed sensing devices to high-speed industrial control systems. In addition, the products support byte-level random read and write operations. These make them particularly suitable for applications with frequent updates of small data parameters and improve operational flexibility while further optimizing data write efficiency at the system level. To address system security risks in complex operating environments, the GD24CL series integrates comprehensive hardware-based protection mechanisms to safeguard critical data assets. The devices include a Write Protect (WP) pin for hardware write protection function, effectively preventing erroneous writes caused by system anomalies, software malfunctions, or malicious attacks. Moreover, a write-lockable Security Page is also integrated. Once locked, the core data becomes permanently protected and non-writable, fundamentally eliminating the risk of data tampering and establishing a hardware-level data security barrier. In terms of power consumption, the GD24CL series also demonstrates significant advantages. The products support a wide operating voltage range from 1.7V to 5.5V, with standby current as low as 1µA, read current as low as 1mA, and write current as low as 1.5mA. These low-power characteristics make the series well-suited for industrial IoT terminals, green data centers, and other power-sensitive applications, providing strong support for prolonged system operation. A trend to downsize PCB design requirements in modern electronic products leverages the GD24CL series simple low-pin-count I²C bus interface support. The products are available in multiple smaller package options, including SOP8 150 mil, TSSOP8 173 mil, and the more compact UDFN8 2×3 mm package, which all help customers achieve efficient and space-saving system integration. The GD24CL series EEPROM represents another milestone in GigaDevice Semiconductor Inc.'s memory product portfolio which will feature memory capacities from 32Kb to 1Mb. The GD24CL256B, a 256Kb device, is the first product in this series with available samples. The 128Kb and 512Kb variants are scheduled to be launched in the first half of next year, providing customers across industries with a richer and more competitive range of storage solutions. For detailed technical information or pricing inquiries, please contact your local authorized sales representative.

Chinese (SSE) Tech Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Foxconn Industrial Internet Co., Ltd. Announces CFO Changes, Effective July 7, 2026

Consensus EPS estimates increase by 15%

Investor sentiment improves as stock rises 16%

Price target increased by 7.4% to CN¥711

GigaDevice Semiconductor Inc. Launches First GD24CL Series I²C EEPROM, Expands Non-Volatile Memory Portfolio

High number of new directors

Investor sentiment improves as stock rises 18%

Chaozhou Three-Circle (Group) Co.,Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.157839 billion.

Zhongji Innolight Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026

Montage Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026

Huaqin Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026

Suzhou Centec Communications Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026

JoulWatt Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026

Shenzhen Transsion Holdings Co., Ltd. to Report First Half, 2026 Results on Aug 18, 2026

MetaX Integrated Circuits (Shanghai) Co., Ltd. to Report First Half, 2026 Results on Aug 31, 2026

Now 363% overvalued