Why Investors Shouldn't Be Surprised By Lingyi iTech (Guangdong) Company's (SZSE:002600) 40% Share Price Surge
Oct 18
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Chinese (SSE) Electronic Equipment and Components Industry Analysis
UpdatedOct 19, 2024
DataAggregated Company Financials
Companies388
- 7D6.5%
- 3M14.7%
- 1Y16.2%
- YTD10.6%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 4.5%, driven by Hangzhou Hikvision Digital Technology declining 2.6%. Meanwhile, Foxconn Industrial Internet actually outperformed within the industry, gaining 6.1% in the last week. This takes the industry's 12 month performance to a gain of 7.2%. Earnings are forecast to grow by 29% 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, 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 |
| Tue, 26 Oct 2021 | CN¥4.7t | CN¥2.5t | CN¥130.4b | 36.8x | 36.2x | 1.9x |
Price to Earnings Ratio
36.2x
Current Industry PE
- Investors are relatively neutral on the Chinese Electronic industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 37.5x.
- 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 2.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.0% 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 | 2.67% | |
| Tech | 7.80% | |
| Electronic Equipment and Components | 6.45% | |
| Technology Distributors | 11.66% | |
| Electronic Components | 7.17% | |
| Electronic Manufacturing Services | 5.66% | |
| Electronic Equipment and Instruments | 4.99% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings decline of 20.9% 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 30% over the next 5 years.
- This is better than its past earnings growth rate of 0.8% 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 | |
|---|---|---|---|---|---|
| 601138 Foxconn Industrial Internet | CN¥26.08 | 6.1% +CN¥29.6b | 61.3% | PE22.9x | |
| 002475 Luxshare Precision Industry | CN¥44.45 | 5.3% +CN¥16.3b | 44.7% | PE26.8x | |
| 300433 Lens Technology | CN¥22.52 | 12.2% +CN¥12.1b | 79.3% | PE33.4x | |
| 300114 Zhonghang Electronic Measuring InstrumentsLtd | CN¥73.15 | 26.0% +CN¥8.8b | 65.5% | PE526.5x | |
| 002600 Lingyi iTech (Guangdong) | CN¥8.44 | 16.7% +CN¥8.4b | 53.5% | PE39.4x |
