Concerns Surrounding Guangzhou Haige Communications Group's (SZSE:002465) Performance
Apr 04
Chinese (SSE) Communications Equipment Industry Analysis
UpdatedApr 13, 2024
DataAggregated Company Financials
Companies101
- 7D-1.7%
- 3M7.4%
- 1Y-7.6%
- YTDn/a
Over the last 7 days, the Communications Equipment industry has dropped 1.7%, driven by Beijing BDStar Navigation declining 13%. On the other hand Zhongji Innolight is actually up 8.5%. Overall the industry is down 7.6% in 12 months. As for the next few years, earnings are expected to grow by 35% per annum.
Industry Valuation and Performance
Has the Chinese Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Apr 2024 | CN¥981.2b | CN¥425.4b | CN¥20.2b | 48.2x | 48.5x | 2.3x |
| Wed, 13 Mar 2024 | CN¥1.0t | CN¥426.4b | CN¥20.6b | 50.6x | 49.6x | 2.4x |
| Fri, 09 Feb 2024 | CN¥839.0b | CN¥420.8b | CN¥19.3b | 39.4x | 43.5x | 2x |
| Sun, 07 Jan 2024 | CN¥945.7b | CN¥420.8b | CN¥19.3b | 48.7x | 49.1x | 2.2x |
| Tue, 05 Dec 2023 | CN¥1.0t | CN¥421.0b | CN¥19.3b | 53.2x | 53.5x | 2.5x |
| Thu, 02 Nov 2023 | CN¥974.4b | CN¥421.9b | CN¥19.6b | 50.2x | 49.8x | 2.3x |
| Sat, 30 Sep 2023 | CN¥1.1t | CN¥429.2b | CN¥20.4b | 52x | 51.9x | 2.5x |
| Mon, 28 Aug 2023 | CN¥969.2b | CN¥432.4b | CN¥20.9b | 49.1x | 46.3x | 2.2x |
| Wed, 26 Jul 2023 | CN¥1.1t | CN¥432.2b | CN¥20.4b | 52.8x | 54.7x | 2.6x |
| Fri, 23 Jun 2023 | CN¥1.2t | CN¥432.1b | CN¥20.3b | 61.1x | 59.4x | 2.8x |
| Sun, 21 May 2023 | CN¥1.0t | CN¥431.9b | CN¥20.3b | 51x | 49.8x | 2.3x |
| Tue, 18 Apr 2023 | CN¥1.0t | CN¥420.2b | CN¥19.2b | 52.8x | 54.3x | 2.5x |
| Thu, 16 Mar 2023 | CN¥982.7b | CN¥420.5b | CN¥19.8b | 44.4x | 49.6x | 2.3x |
| Sat, 11 Feb 2023 | CN¥914.4b | CN¥420.3b | CN¥19.4b | 41.1x | 47.1x | 2.2x |
| Mon, 09 Jan 2023 | CN¥821.6b | CN¥420.1b | CN¥19.3b | 36.8x | 42.5x | 2x |
| Wed, 07 Dec 2022 | CN¥855.5b | CN¥420.1b | CN¥19.3b | 39.8x | 44.2x | 2x |
| Fri, 04 Nov 2022 | CN¥823.0b | CN¥420.1b | CN¥19.2b | 38.2x | 43x | 2x |
| Sun, 02 Oct 2022 | CN¥743.1b | CN¥413.3b | CN¥17.3b | 30.7x | 42.8x | 1.8x |
| Tue, 30 Aug 2022 | CN¥818.6b | CN¥406.5b | CN¥17.7b | 36.8x | 46.1x | 2x |
| Thu, 28 Jul 2022 | CN¥833.2b | CN¥396.3b | CN¥16.3b | 44.2x | 51.1x | 2.1x |
| Sat, 25 Jun 2022 | CN¥785.5b | CN¥394.1b | CN¥16.1b | 43.2x | 48.7x | 2x |
| Mon, 23 May 2022 | CN¥718.6b | CN¥391.5b | CN¥15.9b | 39.2x | 45.1x | 1.8x |
| Wed, 20 Apr 2022 | CN¥737.2b | CN¥382.8b | CN¥8.8b | 39.2x | 83.5x | 1.9x |
| Fri, 18 Mar 2022 | CN¥843.3b | CN¥383.7b | CN¥406.7m | 42.8x | 2073.7x | 2.2x |
| Sun, 13 Feb 2022 | CN¥900.6b | CN¥377.2b | CN¥97.0m | 45.5x | 9284.1x | 2.4x |
| Tue, 11 Jan 2022 | CN¥990.0b | CN¥376.9b | -CN¥187,556,323.00 | 50.3x | -5278.7x | 2.6x |
| Thu, 09 Dec 2021 | CN¥967.2b | CN¥376.9b | -CN¥192,404,861.00 | 50.3x | -5026.8x | 2.6x |
| Sat, 06 Nov 2021 | CN¥918.8b | CN¥376.5b | -CN¥226,687,399.00 | 49.2x | -4053x | 2.4x |
| Mon, 04 Oct 2021 | CN¥918.0b | CN¥368.8b | -CN¥292,062,928.00 | 49x | -3143x | 2.5x |
| Wed, 01 Sep 2021 | CN¥957.2b | CN¥368.4b | -CN¥350,707,637.87 | 51.5x | -2729.2x | 2.6x |
| Thu, 08 Jul 2021 | CN¥907.0b | CN¥368.1b | -CN¥471,857,296.87 | 46.1x | -1922.3x | 2.5x |
Price to Earnings Ratio
144.4x
Current Industry PE
- Investors are optimistic on the Chinese Communications Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.5x which is higher than its 3-year average PE of -323x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have grown 55% per year over the last three years.
- Revenues for these companies have grown 5.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Communications Equipment compare with similar industries?
| CN Market | -2.72% | |
| Tech | -3.74% | |
| Communications | -1.73% | |
| Communications Equipment | -1.73% | |
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¥169.33 | 8.5% +CN¥10.4b | 154.6% | PE61.1x | |
| 300394 Suzhou TFC Optical Communication | CN¥167.81 | 9.3% +CN¥5.6b | 188.6% | PE90.8x | |
| 300628 Yealink Network Technology | CN¥30.33 | 3.2% +CN¥1.2b | -33.0% | PE18.9x | |
| 300590 Queclink Wireless Solutions | CN¥11.19 | 21.9% +CN¥922.2m | -18.3% | PE35x | |
| 300079 Sumavision TechnologiesLtd | CN¥5.10 | 6.5% +CN¥442.1m | -25.3% | PE102.1x |