Chinese (SSE) Communications Industry Analysis

Industry Valuation and Performance

Has the Chinese Communications Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 26 May 2026	CN¥3.4t	CN¥500.7b	CN¥28.7b	127.2x	119.9x	6.9x
Thu, 23 Apr 2026	CN¥3.1t	CN¥490.9b	CN¥29.5b	118.6x	106.1x	6.4x
Sat, 21 Mar 2026	CN¥2.5t	CN¥471.3b	CN¥21.8b	93.1x	112.8x	5.2x
Mon, 16 Feb 2026	CN¥2.5t	CN¥462.5b	CN¥19.7b	95x	125x	5.3x
Wed, 14 Jan 2026	CN¥2.5t	CN¥462.4b	CN¥19.7b	88.1x	127.4x	5.4x
Fri, 12 Dec 2025	CN¥2.2t	CN¥462.4b	CN¥19.7b	76.1x	111.5x	4.7x
Sun, 09 Nov 2025	CN¥2.0t	CN¥463.5b	CN¥17.1b	70.4x	115.8x	4.3x
Tue, 07 Oct 2025	CN¥1.9t	CN¥453.4b	CN¥16.9b	81.7x	114x	4.3x
Thu, 04 Sep 2025	CN¥1.9t	CN¥453.9b	CN¥17.2b	79.8x	112.5x	4.3x
Sat, 02 Aug 2025	CN¥1.4t	CN¥438.2b	CN¥16.3b	71.1x	88.6x	3.3x
Mon, 30 Jun 2025	CN¥1.3t	CN¥437.9b	CN¥16.2b	68.3x	80.4x	3x
Wed, 28 May 2025	CN¥1.2t	CN¥438.0b	CN¥15.7b	66x	73.5x	2.6x
Fri, 25 Apr 2025	CN¥1.1t	CN¥431.9b	CN¥19.1b	69.2x	57.1x	2.5x
Sun, 23 Mar 2025	CN¥1.3t	CN¥434.2b	CN¥20.6b	81.3x	60.8x	2.9x
Tue, 18 Feb 2025	CN¥1.3t	CN¥434.5b	CN¥20.9b	72.2x	62.8x	3x
Thu, 16 Jan 2025	CN¥1.2t	CN¥434.5b	CN¥20.9b	64x	56.5x	2.7x
Sat, 14 Dec 2024	CN¥1.2t	CN¥434.5b	CN¥20.9b	68x	58.9x	2.8x
Mon, 11 Nov 2024	CN¥1.3t	CN¥434.1b	CN¥20.9b	72.3x	61.6x	3x
Wed, 09 Oct 2024	CN¥1.3t	CN¥428.5b	CN¥19.7b	53.5x	63.9x	2.9x
Fri, 06 Sep 2024	CN¥850.8b	CN¥428.0b	CN¥19.9b	38x	42.8x	2x
Sun, 04 Aug 2024	CN¥914.5b	CN¥427.1b	CN¥18.3b	44.5x	49.9x	2.1x
Tue, 02 Jul 2024	CN¥958.3b	CN¥426.1b	CN¥18.0b	49.4x	53.2x	2.2x
Thu, 30 May 2024	CN¥940.7b	CN¥425.9b	CN¥18.1b	51.9x	52x	2.2x
Sat, 27 Apr 2024	CN¥1.0t	CN¥427.0b	CN¥21.3b	52.6x	47.8x	2.4x
Mon, 25 Mar 2024	CN¥1.0t	CN¥426.6b	CN¥20.4b	54.3x	51.4x	2.5x
Wed, 21 Feb 2024	CN¥902.1b	CN¥420.7b	CN¥19.3b	40x	46.7x	2.1x
Fri, 19 Jan 2024	CN¥906.5b	CN¥420.8b	CN¥19.3b	44.3x	47.1x	2.2x
Sun, 17 Dec 2023	CN¥1.0t	CN¥420.8b	CN¥19.3b	52.2x	52.6x	2.4x
Tue, 14 Nov 2023	CN¥1.0t	CN¥421.0b	CN¥19.3b	53.8x	53x	2.4x
Thu, 12 Oct 2023	CN¥1.1t	CN¥429.2b	CN¥20.4b	53.3x	53x	2.5x
Sat, 09 Sep 2023	CN¥1.0t	CN¥429.5b	CN¥20.5b	51.5x	50.6x	2.4x
Mon, 07 Aug 2023	CN¥1.1t	CN¥432.6b	CN¥20.5b	52.5x	54.6x	2.6x
Wed, 05 Jul 2023	CN¥1.2t	CN¥432.2b	CN¥20.4b	61.4x	58.3x	2.8x
Fri, 02 Jun 2023	CN¥1.1t	CN¥431.9b	CN¥20.3b	52.3x	53x	2.5x

Current Industry PE

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

The industry is trading at a PE ratio of 120x which is higher than its 3-year average PE of 71.5x.

The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 6.9x.

Past Earnings Growth

The earnings for companies in the Communications industry have grown 12% per year over the last three years.
Revenues for these companies have grown 5.1% 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 industry?


CN Market	1.01%
Tech	5.90%
Communications	1.74%
Communications Equipment	1.74%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
300308 Zhongji Innolight	CN¥1.10k	7.1% +CN¥81.3b	1,123.4%	PE82.2x
300394 Suzhou TFC Optical Communication	CN¥406.76	12.1% +CN¥34.1b	669.4%	PE145.9x
688027 QuantumCTek	CN¥617.17	5.7% +CN¥3.4b	147.6%	PE9497.2x
002465 Guangzhou Haige Communications Group	CN¥17.40	8.1% +CN¥3.2b	39.2%	PS9.7x
688143 Yangtze Optical Electronic	CN¥143.84	9.3% +CN¥1.5b	359.3%	PE838.7x

Company

Last Price

Valuation

300308 Zhongji Innolight

CN¥1.10k

7.1%
+CN¥81.3b

1,123.4%

PE82.2x

300394 Suzhou TFC Optical Communication

CN¥406.76

12.1%
+CN¥34.1b

669.4%

PE145.9x

688027 QuantumCTek

CN¥617.17

5.7%
+CN¥3.4b

147.6%

PE9497.2x

002465 Guangzhou Haige Communications Group

CN¥17.40

8.1%
+CN¥3.2b

39.2%

PS9.7x

688143 Yangtze Optical Electronic

CN¥143.84

9.3%
+CN¥1.5b

359.3%

PE838.7x

New minor risk - Earnings quality

The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).

Chinese (SSE) Communications Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

ZTE Corporation, Annual General Meeting, Jun 17, 2026

Dividend of CN¥0.06 announced

New minor risk - Financial data availability

Now 27% overvalued after recent price rise

Now 29% overvalued after recent price rise

New minor risk - Earnings quality

Investor sentiment improves as stock rises 18%

New minor risk - Earnings quality

Consensus revenue estimates decrease by 28%

Upcoming dividend of CN¥0.016 per share

CICT Mobile Communication Technology Co., Ltd. announced that it expects to receive CNY 7 billion in funding

New minor risk - Profit margin trend

Full year 2025 earnings released: CN¥0.82 loss per share (vs CN¥1.05 loss in FY 2024)

First quarter 2026 earnings released: CN¥0.064 loss per share (vs CN¥0.081 loss in 1Q 2025)

New major risk - Share price stability

Consensus EPS estimates increase by 20%