Have your own idea? Try our Stock Screener
- 7D-0.2%
- 3M-25.5%
- 1Y-16.3%
- YTD-17.3%
Over the last 7 days, the IT industry has dropped 5.7%, driven by a pullback from Range Intelligent Computing Technology Group of 4.0%. In contrast, INESA Intelligent Tech has gained 16%. Overall the industry is down 20% in 12 months. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | CN¥865.7b | CN¥263.4b | CN¥3.3b | 96.7x | 261.4x | 3.3x |
| Fri, 19 Jun 2026 | CN¥972.5b | CN¥262.0b | CN¥3.2b | 112.5x | 300.1x | 3.7x |
| Sun, 17 May 2026 | CN¥1.2t | CN¥414.9b | CN¥3.7b | 132.4x | 318.5x | 2.8x |
| Tue, 14 Apr 2026 | CN¥1.1t | CN¥405.7b | CN¥6.9b | 113.3x | 165.2x | 2.8x |
| Thu, 12 Mar 2026 | CN¥1.3t | CN¥397.3b | CN¥6.2b | 105.2x | 206x | 3.2x |
| Sat, 07 Feb 2026 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 116.4x | 177.2x | 2.9x |
| Mon, 05 Jan 2026 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 105.8x | 162.4x | 2.7x |
| Wed, 03 Dec 2025 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 109.8x | 164.9x | 2.7x |
| Fri, 31 Oct 2025 | CN¥1.0t | CN¥386.3b | CN¥6.0b | 108.7x | 168.1x | 2.6x |
| Sun, 28 Sep 2025 | CN¥1.0t | CN¥382.3b | CN¥3.5b | 92x | 299.2x | 2.7x |
| Tue, 26 Aug 2025 | CN¥1.1t | CN¥372.7b | CN¥3.8b | 99.1x | 298.7x | 3x |
| Thu, 24 Jul 2025 | CN¥977.6b | CN¥371.6b | CN¥4.0b | 93.6x | 246.5x | 2.6x |
| Sat, 21 Jun 2025 | CN¥868.2b | CN¥371.6b | CN¥4.0b | 81.4x | 218.9x | 2.3x |
| Mon, 19 May 2025 | CN¥895.2b | CN¥371.6b | CN¥3.7b | 83.4x | 244.1x | 2.4x |
| Wed, 16 Apr 2025 | CN¥881.4b | CN¥367.1b | CN¥5.2b | 79.2x | 170x | 2.4x |
| Fri, 14 Mar 2025 | CN¥1.1t | CN¥366.5b | CN¥6.2b | 92.4x | 173.5x | 2.9x |
| Sun, 09 Feb 2025 | CN¥929.7b | CN¥366.1b | CN¥6.1b | 84.2x | 153.2x | 2.5x |
| Tue, 07 Jan 2025 | CN¥726.7b | CN¥366.1b | CN¥6.1b | 61.8x | 119.8x | 2x |
| Thu, 05 Dec 2024 | CN¥817.0b | CN¥366.1b | CN¥6.1b | 75.7x | 134.7x | 2.2x |
| Sat, 02 Nov 2024 | CN¥753.9b | CN¥365.8b | CN¥5.8b | 63.6x | 130.1x | 2.1x |
| Mon, 30 Sep 2024 | CN¥620.5b | CN¥359.7b | CN¥4.5b | 58.8x | 137.9x | 1.7x |
| Wed, 28 Aug 2024 | CN¥500.3b | CN¥350.8b | CN¥5.4b | 39.8x | 92.4x | 1.4x |
| Fri, 26 Jul 2024 | CN¥510.4b | CN¥349.2b | CN¥4.5b | 40.5x | 114.4x | 1.5x |
| Sun, 23 Jun 2024 | CN¥568.7b | CN¥349.1b | CN¥4.4b | 47.1x | 129.8x | 1.6x |
| Tue, 21 May 2024 | CN¥615.3b | CN¥348.9b | CN¥4.5b | 49.5x | 136.2x | 1.8x |
| Thu, 18 Apr 2024 | CN¥607.9b | CN¥349.7b | CN¥7.8b | 47.3x | 77.9x | 1.7x |
| Sat, 16 Mar 2024 | CN¥637.2b | CN¥340.7b | CN¥4.7b | 56.9x | 134.2x | 1.9x |
| Mon, 12 Feb 2024 | CN¥515.5b | CN¥338.5b | CN¥4.3b | 42.6x | 120.9x | 1.5x |
| Wed, 10 Jan 2024 | CN¥623.9b | CN¥337.4b | CN¥4.1b | 58x | 151.2x | 1.8x |
| Fri, 08 Dec 2023 | CN¥696.1b | CN¥337.1b | CN¥4.1b | 66.5x | 170x | 2.1x |
| Sun, 05 Nov 2023 | CN¥660.2b | CN¥337.2b | CN¥4.1b | 63.8x | 159.2x | 2x |
| Tue, 03 Oct 2023 | CN¥665.1b | CN¥338.2b | CN¥4.8b | 56.8x | 138.1x | 2x |
| Thu, 31 Aug 2023 | CN¥708.0b | CN¥340.6b | CN¥4.7b | 62.2x | 150.1x | 2.1x |
| Sat, 29 Jul 2023 | CN¥668.2b | CN¥338.2b | CN¥5.8b | 58.4x | 115x | 2x |
Price to Earnings Ratio
115x
Current Industry PE
- Investors are optimistic on the Chinese IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 256x which is higher than its 3-year average PE of 177x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 17% per year over the last three years,
- Revenues have also declined 8.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -4.81% | |
| Tech | -9.86% | |
| IT | -0.16% | |
| Internet Services and Infrastructure | 0.82% | |
| IT Consulting | -0.73% | |
| Data Processing Services | -15.50% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry even though it's trading below its 3-year average PE ratio of 300x.
- Analysts are expecting annual earnings growth of 49.4%, which is lower than the prior year's growth of 79.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 49% over the next 5 years.
- However this is lower than its past earnings growth rate of 79% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| 301638 CSG Digital Power Grid Research InstituteLtd | CN¥23.07 | 8.3% +CN¥5.6b | n/a | PE105.3x | |
| 600602 INESA Intelligent Tech | CN¥20.27 | 22.1% +CN¥5.0b | -10.5% | PE141.3x | |
| 300738 Guangdong Aofei Data Technology | CN¥22.92 | 16.3% +CN¥3.2b | 5.9% | PE130.3x | |
| 300383 Beijing Sinnet TechnologyLtd | CN¥13.54 | 11.0% +CN¥2.4b | -9.2% | PS3.5x | |
| 603881 Shanghai @hubLtd | CN¥26.81 | 11.5% +CN¥2.4b | 21.3% | PE165.7x |