Slowing Rates Of Return At Quectel Wireless Solutions (SHSE:603236) Leave Little Room For Excitement
Jan 29
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Chinese (SSE) Electronic Equipment and Components Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies392
- 7D-3.1%
- 3M0.6%
- 1Y45.8%
- YTD3.3%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 3.1%, driven by Foxconn Industrial Internet declining 8.1%. In contrast, Quectel Wireless Solutions has gained 6.6%. Over the past 12 months, the industry was up 46%. Earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Chinese Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | CN¥5.2t | CN¥3.0t | CN¥123.8b | 47.6x | 41.7x | 1.7x |
| Mon, 30 Dec 2024 | CN¥5.3t | CN¥3.0t | CN¥123.2b | 48.2x | 43.3x | 1.8x |
| Wed, 27 Nov 2024 | CN¥5.0t | CN¥3.0t | CN¥123.0b | 44.7x | 40.3x | 1.7x |
| Fri, 25 Oct 2024 | CN¥5.1t | CN¥2.9t | CN¥122.4b | 46.3x | 41.7x | 1.8x |
| Sun, 22 Sep 2024 | CN¥3.9t | CN¥2.9t | CN¥119.3b | 34.3x | 32.7x | 1.4x |
| Tue, 20 Aug 2024 | CN¥4.1t | CN¥2.8t | CN¥117.7b | 36.6x | 34.7x | 1.4x |
| Thu, 18 Jul 2024 | CN¥4.5t | CN¥2.8t | CN¥116.2b | 39.4x | 38.3x | 1.6x |
| Sat, 15 Jun 2024 | CN¥4.5t | CN¥2.8t | CN¥117.1b | 41.6x | 38.5x | 1.6x |
| Mon, 13 May 2024 | CN¥4.4t | CN¥2.8t | CN¥116.5b | 40.4x | 37.6x | 1.6x |
| Wed, 10 Apr 2024 | CN¥4.3t | CN¥2.7t | CN¥102.5b | 40x | 42.2x | 1.6x |
| Fri, 08 Mar 2024 | CN¥4.3t | CN¥2.7t | CN¥101.7b | 37.7x | 42.7x | 1.6x |
| Sun, 04 Feb 2024 | CN¥3.5t | CN¥2.7t | CN¥99.9b | 32.3x | 35.2x | 1.3x |
| Tue, 02 Jan 2024 | CN¥4.7t | CN¥2.7t | CN¥99.2b | 47.4x | 46.9x | 1.7x |
| Thu, 30 Nov 2023 | CN¥4.7t | CN¥2.7t | CN¥99.0b | 47.7x | 47.6x | 1.7x |
| Sat, 28 Oct 2023 | CN¥4.4t | CN¥2.7t | CN¥96.5b | 40.4x | 46.1x | 1.6x |
| Mon, 25 Sep 2023 | CN¥4.6t | CN¥2.7t | CN¥97.4b | 41.9x | 47.2x | 1.7x |
| Wed, 23 Aug 2023 | CN¥4.6t | CN¥2.5t | CN¥101.6b | 41x | 45x | 1.8x |
| Fri, 21 Jul 2023 | CN¥4.8t | CN¥2.6t | CN¥102.1b | 45.4x | 47.1x | 1.9x |
| Sun, 18 Jun 2023 | CN¥4.9t | CN¥2.6t | CN¥101.8b | 46.4x | 48.3x | 1.9x |
| Tue, 16 May 2023 | CN¥4.4t | CN¥2.6t | CN¥102.1b | 39.8x | 43.2x | 1.7x |
| Thu, 13 Apr 2023 | CN¥5.0t | CN¥2.6t | CN¥121.0b | 40.6x | 41.5x | 2x |
| Sat, 11 Mar 2023 | CN¥4.4t | CN¥2.5t | CN¥124.9b | 38.5x | 35.1x | 1.7x |
| Mon, 06 Feb 2023 | CN¥4.4t | CN¥2.6t | CN¥123.7b | 38.7x | 35.6x | 1.7x |
| Wed, 04 Jan 2023 | CN¥4.0t | CN¥2.6t | CN¥123.8b | 33.9x | 32.4x | 1.6x |
| Fri, 02 Dec 2022 | CN¥4.1t | CN¥2.6t | CN¥124.8b | 34.9x | 32.7x | 1.6x |
| Sun, 30 Oct 2022 | CN¥3.8t | CN¥2.5t | CN¥135.0b | 32.7x | 28.2x | 1.5x |
| Tue, 27 Sep 2022 | CN¥3.8t | CN¥2.5t | CN¥137.4b | 31.1x | 27.5x | 1.5x |
| Thu, 25 Aug 2022 | CN¥4.3t | CN¥2.5t | CN¥145.8b | 37.3x | 29.6x | 1.7x |
| Sat, 23 Jul 2022 | CN¥4.2t | CN¥2.4t | CN¥144.9b | 35.9x | 28.9x | 1.7x |
| Mon, 20 Jun 2022 | CN¥4.0t | CN¥2.4t | CN¥145.4b | 33.7x | 27.8x | 1.7x |
| Wed, 18 May 2022 | CN¥3.7t | CN¥2.4t | CN¥146.0b | 30.2x | 25.5x | 1.5x |
| Fri, 15 Apr 2022 | CN¥3.8t | CN¥2.6t | CN¥139.1b | 31.3x | 27.5x | 1.5x |
| Sun, 13 Mar 2022 | CN¥4.4t | CN¥2.5t | CN¥132.5b | 36.9x | 32.8x | 1.7x |
| Tue, 08 Feb 2022 | CN¥4.7t | CN¥2.5t | CN¥135.0b | 40.2x | 34.8x | 1.9x |
Price to Earnings Ratio
34.8x
Current Industry PE
- Investors are optimistic on the Chinese Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.7x which is higher than its 3-year average PE of 37.8x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.1% 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 industry?
| CN Market | -0.88% | |
| Tech | -2.62% | |
| Electronic Equipment and Components | -3.14% | |
| Electronic Equipment and Instruments | -1.84% | |
| Electronic Components | -3.07% | |
| Technology Distributors | -4.04% | |
| Electronic Manufacturing Services | -6.34% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 29.1x.
- Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings growth of 5.9% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.2x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 1.2% per year.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 603236 Quectel Wireless Solutions | CN¥89.66 | 6.6% +CN¥1.5b | 166.4% | PE50.4x | |
| 301556 Zhejiang Top Cloud-agri TechnologyLtd | CN¥95.88 | 5.9% +CN¥458.8m | n/a | PE65.5x | |
| 000532 Zhuhai Huajin Capital | CN¥14.62 | 10.0% +CN¥458.5m | 19.6% | PE77.2x | |
| 688188 Shanghai BOCHU Electronic Technology | CN¥199.14 | 1.0% +CN¥413.0m | 13.2% | PE46.4x | |
| 003015 Jiangsu Rijiu Optoelectronics | CN¥15.48 | 10.0% +CN¥376.0m | 78.5% | PE114.3x |
