Returns At Lingyi iTech (Guangdong) (SZSE:002600) Appear To Be Weighed Down
Nov 18
Have your own idea? Try our Stock Screener
Chinese (SSE) Electronic Equipment and Components Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies390
- 7D-5.8%
- 3M30.4%
- 1Y13.2%
- YTD14.3%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 6.5%, driven by Foxconn Industrial Internet declining 9.3%. Meanwhile, Shenzhen H&T Intelligent ControlLtd actually outperformed within the industry, gaining 24% in the last week. Over the past 12 months, the industry was up 10%. As for the next few years, earnings are expected to grow by 32% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥5.3t | CN¥3.0t | CN¥123.0b | 47.8x | 42.8x | 1.8x |
| Sat, 19 Oct 2024 | CN¥5.1t | CN¥2.9t | CN¥120.9b | 44.5x | 41.8x | 1.8x |
| Mon, 16 Sep 2024 | CN¥3.9t | CN¥2.9t | CN¥119.1b | 34.2x | 32.8x | 1.4x |
| Wed, 14 Aug 2024 | CN¥4.1t | CN¥2.8t | CN¥117.3b | 36.4x | 34.8x | 1.4x |
| Fri, 12 Jul 2024 | CN¥4.6t | CN¥2.8t | CN¥116.2b | 41x | 39.7x | 1.7x |
| Sun, 09 Jun 2024 | CN¥4.3t | CN¥2.8t | CN¥117.1b | 39.1x | 36.7x | 1.5x |
| Tue, 07 May 2024 | CN¥4.5t | CN¥2.8t | CN¥117.1b | 40.6x | 38.4x | 1.6x |
| Thu, 04 Apr 2024 | CN¥4.4t | CN¥2.7t | CN¥102.8b | 39.7x | 42.6x | 1.6x |
| Sat, 02 Mar 2024 | CN¥4.4t | CN¥2.7t | CN¥101.8b | 38.4x | 42.8x | 1.6x |
| Mon, 29 Jan 2024 | CN¥4.0t | CN¥2.7t | CN¥99.1b | 39.2x | 40.3x | 1.5x |
| Wed, 27 Dec 2023 | CN¥4.4t | CN¥2.7t | CN¥99.0b | 44.4x | 44.2x | 1.6x |
| Fri, 24 Nov 2023 | CN¥4.7t | CN¥2.7t | CN¥98.8b | 47.4x | 47.9x | 1.7x |
| Sun, 22 Oct 2023 | CN¥4.4t | CN¥2.7t | CN¥99.0b | 41.1x | 44.1x | 1.6x |
| Tue, 19 Sep 2023 | CN¥4.5t | CN¥2.7t | CN¥97.1b | 42.2x | 46.7x | 1.7x |
| Thu, 17 Aug 2023 | CN¥4.5t | CN¥2.5t | CN¥101.8b | 40.3x | 44.3x | 1.8x |
| Sat, 15 Jul 2023 | CN¥5.0t | CN¥2.6t | CN¥101.9b | 47.5x | 49.4x | 2x |
| Mon, 12 Jun 2023 | CN¥4.6t | CN¥2.6t | CN¥101.8b | 44.9x | 45.5x | 1.8x |
| Wed, 10 May 2023 | CN¥4.4t | CN¥2.6t | CN¥103.1b | 38.2x | 42.8x | 1.7x |
| Fri, 07 Apr 2023 | CN¥5.0t | CN¥2.6t | CN¥121.1b | 38.8x | 41x | 1.9x |
| Sun, 05 Mar 2023 | CN¥4.5t | CN¥2.5t | CN¥124.2b | 38.7x | 36.1x | 1.8x |
| Tue, 31 Jan 2023 | CN¥4.3t | CN¥2.6t | CN¥123.3b | 37x | 35.1x | 1.7x |
| Thu, 29 Dec 2022 | CN¥3.9t | CN¥2.6t | CN¥123.8b | 32.4x | 31.6x | 1.5x |
| Sat, 26 Nov 2022 | CN¥4.0t | CN¥2.6t | CN¥124.7b | 35.3x | 32.2x | 1.6x |
| Mon, 24 Oct 2022 | CN¥3.9t | CN¥2.5t | CN¥138.5b | 33.1x | 28x | 1.6x |
| Wed, 21 Sep 2022 | CN¥3.9t | CN¥2.5t | CN¥137.2b | 32.3x | 28.5x | 1.6x |
| Fri, 19 Aug 2022 | CN¥4.6t | CN¥2.5t | CN¥145.7b | 41.3x | 31.5x | 1.9x |
| Sun, 17 Jul 2022 | CN¥4.0t | CN¥2.4t | CN¥145.1b | 34.5x | 27.8x | 1.7x |
| Tue, 14 Jun 2022 | CN¥4.0t | CN¥2.4t | CN¥145.8b | 33.3x | 27.5x | 1.6x |
| Thu, 12 May 2022 | CN¥3.7t | CN¥2.4t | CN¥146.1b | 30.1x | 25.4x | 1.5x |
| Sat, 09 Apr 2022 | CN¥4.0t | CN¥2.6t | CN¥139.1b | 32.6x | 28.6x | 1.5x |
| Mon, 07 Mar 2022 | CN¥4.6t | CN¥2.5t | CN¥132.4b | 39.3x | 34.7x | 1.8x |
| Wed, 02 Feb 2022 | CN¥4.8t | CN¥2.5t | CN¥136.2b | 39.7x | 35.6x | 1.9x |
| Fri, 31 Dec 2021 | CN¥5.5t | CN¥2.5t | CN¥135.7b | 42.8x | 40.2x | 2.2x |
| Sun, 28 Nov 2021 | CN¥5.3t | CN¥2.5t | CN¥136.6b | 41.5x | 38.5x | 2.1x |
Price to Earnings Ratio
38.5x
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 42.3x which is higher than its 3-year average PE of 37.6x.
- 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 3.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.3% 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 | -3.39% | |
| Tech | -6.40% | |
| Electronic Equipment and Components | -5.83% | |
| Electronic Equipment and Instruments | -4.32% | |
| Electronic Components | -5.84% | |
| Electronic Manufacturing Services | -8.32% | |
| Technology Distributors | -9.10% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 24.0x.
- Analysts are expecting annual earnings growth of 21.5%, 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 20.3x.
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 Technology Distributors industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 002402 Shenzhen H&T Intelligent ControlLtd | CN¥21.13 | 23.7% +CN¥3.7b | 51.6% | PE55.5x | |
| 600654 China Security | CN¥4.78 | 22.9% +CN¥2.6b | 106.9% | PE196.2x | |
| 600800 Tian Jin Bohai ChemicalLtd | CN¥3.99 | 43.0% +CN¥1.3b | 8.7% | PS1.1x | |
| 300679 Electric Connector Technology | CN¥51.82 | 6.2% +CN¥1.3b | 36.8% | PE38.4x | |
| 603025 Beijing Dahao TechnologyLtd | CN¥16.06 | 7.6% +CN¥1.3b | 25.8% | PE29.4x |
