Have your own idea? Try our Stock Screener
- 7D-5.7%
- 3M-26.3%
- 1Y-19.7%
- YTD-20.3%
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%. On the other hand INESA Intelligent Tech is actually up 16%. The industry has fallen 20% in the last year. Earnings are forecast to grow by 28% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | CN¥858.0b | CN¥263.8b | CN¥3.4b | 94.9x | 255.5x | 3.3x |
| Thu, 18 Jun 2026 | CN¥957.2b | CN¥262.0b | CN¥3.2b | 112.3x | 295.4x | 3.7x |
| Sat, 16 May 2026 | CN¥1.2t | CN¥414.9b | CN¥3.7b | 132.4x | 318.5x | 2.8x |
| Mon, 13 Apr 2026 | CN¥1.1t | CN¥405.7b | CN¥6.9b | 113.1x | 164.3x | 2.8x |
| Wed, 11 Mar 2026 | CN¥1.3t | CN¥397.3b | CN¥6.2b | 106.4x | 207.5x | 3.2x |
| Fri, 06 Feb 2026 | CN¥1.2t | CN¥394.6b | CN¥6.5b | 116.4x | 177.3x | 2.9x |
| Sun, 04 Jan 2026 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 105.8x | 162.4x | 2.7x |
| Tue, 02 Dec 2025 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 111.2x | 167.2x | 2.7x |
| Thu, 30 Oct 2025 | CN¥1.0t | CN¥384.5b | CN¥3.4b | 103.1x | 304.2x | 2.7x |
| Sat, 27 Sep 2025 | CN¥1.0t | CN¥382.3b | CN¥3.5b | 92x | 299.2x | 2.7x |
| Mon, 25 Aug 2025 | CN¥1.1t | CN¥372.8b | CN¥3.8b | 99x | 293.2x | 3x |
| Wed, 23 Jul 2025 | CN¥976.1b | CN¥371.6b | CN¥4.0b | 95.1x | 246.2x | 2.6x |
| Fri, 20 Jun 2025 | CN¥883.7b | CN¥371.6b | CN¥4.0b | 84.4x | 222.9x | 2.4x |
| Sun, 18 May 2025 | CN¥895.7b | CN¥371.7b | CN¥3.6b | 83.4x | 246.4x | 2.4x |
| Tue, 15 Apr 2025 | CN¥882.5b | CN¥366.9b | CN¥5.1b | 69.2x | 174.4x | 2.4x |
| Thu, 13 Mar 2025 | CN¥1.1t | CN¥366.5b | CN¥6.2b | 96.2x | 177.9x | 3x |
| Sat, 08 Feb 2025 | CN¥929.7b | CN¥366.1b | CN¥6.1b | 84.2x | 153.2x | 2.5x |
| Mon, 06 Jan 2025 | CN¥739.6b | CN¥366.1b | CN¥6.1b | 61.7x | 121.9x | 2x |
| Wed, 04 Dec 2024 | CN¥834.4b | CN¥366.1b | CN¥6.1b | 77.3x | 137.5x | 2.3x |
| Fri, 01 Nov 2024 | CN¥811.2b | CN¥365.8b | CN¥5.8b | 68.7x | 140x | 2.2x |
| Sun, 29 Sep 2024 | CN¥620.5b | CN¥359.7b | CN¥4.5b | 58.8x | 137.9x | 1.7x |
| Tue, 27 Aug 2024 | CN¥509.2b | CN¥350.5b | CN¥4.4b | 40.4x | 116.9x | 1.5x |
| Thu, 25 Jul 2024 | CN¥511.3b | CN¥349.2b | CN¥4.5b | 40.3x | 114.6x | 1.5x |
| Sat, 22 Jun 2024 | CN¥568.7b | CN¥349.1b | CN¥4.4b | 47.1x | 129.8x | 1.6x |
| Mon, 20 May 2024 | CN¥611.3b | CN¥349.0b | CN¥4.5b | 45.9x | 135x | 1.8x |
| Wed, 17 Apr 2024 | CN¥603.7b | CN¥349.5b | CN¥7.8b | 43.4x | 77x | 1.7x |
| Fri, 15 Mar 2024 | CN¥633.3b | CN¥340.7b | CN¥4.7b | 55.5x | 133.4x | 1.9x |
| Sun, 11 Feb 2024 | CN¥515.5b | CN¥338.5b | CN¥4.3b | 42.6x | 120.9x | 1.5x |
| Tue, 09 Jan 2024 | CN¥628.0b | CN¥337.4b | CN¥4.1b | 58.5x | 152.2x | 1.9x |
| Thu, 07 Dec 2023 | CN¥684.4b | CN¥337.1b | CN¥4.1b | 64.4x | 167.2x | 2x |
| Sat, 04 Nov 2023 | CN¥660.3b | CN¥337.2b | CN¥4.1b | 63.8x | 159.2x | 2x |
| Mon, 02 Oct 2023 | CN¥665.1b | CN¥338.2b | CN¥4.8b | 56.8x | 138.1x | 2x |
| Wed, 30 Aug 2023 | CN¥683.9b | CN¥340.1b | CN¥4.5b | 59.6x | 152.8x | 2x |
| Fri, 28 Jul 2023 | CN¥660.8b | CN¥338.2b | CN¥5.8b | 57.7x | 113.7x | 2x |
Price to Earnings Ratio
113.7x
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 | -6.17% | |
| Tech | -15.08% | |
| IT | -5.67% | |
| IT Consulting | -4.24% | |
| Internet Services and Infrastructure | -8.06% | |
| Data Processing Services | -20.02% | |
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 | |
|---|---|---|---|---|---|
| 600602 INESA Intelligent Tech | CN¥19.14 | 16.4% +CN¥3.7b | -12.5% | PE133.5x | |
| 300674 Yusys Technologies | CN¥17.40 | 21.2% +CN¥2.1b | -36.8% | PE29.1x | |
| 300738 Guangdong Aofei Data Technology | CN¥21.78 | 9.8% +CN¥1.9b | 1.0% | PE123.8x | |
| 300766 Merit InteractiveLtd | CN¥24.60 | 24.4% +CN¥1.9b | -31.3% | PS18.1x | |
| 300383 Beijing Sinnet TechnologyLtd | CN¥13.40 | 8.2% +CN¥1.8b | -10.7% | PS3.5x |