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- 7D-2.3%
- 3M3.1%
- 1Y7.8%
- YTD0.3%
Over the last 7 days, the IT industry has dropped 2.1%, driven by pullbacks in Range Intelligent Computing Technology Group and CSG Digital Power Grid Research InstituteLtd of 4.8% and 7.2%, respectively. Meanwhile, Merit InteractiveLtd actually outperformed within the industry, gaining 11% in the last week. Over the past 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | CN¥1.1t | CN¥405.1b | CN¥7.1b | 105.8x | 154.2x | 2.7x |
| Sun, 01 Mar 2026 | CN¥1.3t | CN¥397.4b | CN¥6.2b | 121.2x | 206.3x | 3.2x |
| Tue, 27 Jan 2026 | CN¥1.2t | CN¥394.6b | CN¥6.5b | 121.1x | 186x | 3.1x |
| Thu, 25 Dec 2025 | CN¥1.0t | CN¥394.6b | CN¥6.5b | 107x | 158.6x | 2.6x |
| Sat, 22 Nov 2025 | CN¥1.0t | CN¥394.6b | CN¥6.5b | 106.7x | 159.2x | 2.6x |
| Mon, 20 Oct 2025 | CN¥973.0b | CN¥382.6b | CN¥3.4b | 87x | 286.7x | 2.5x |
| Wed, 17 Sep 2025 | CN¥1.1t | CN¥380.9b | CN¥3.4b | 98.7x | 316.4x | 2.8x |
| Fri, 15 Aug 2025 | CN¥1.0t | CN¥371.6b | CN¥4.0b | 94.6x | 258.1x | 2.8x |
| Sun, 13 Jul 2025 | CN¥966.9b | CN¥371.6b | CN¥4.0b | 95.4x | 243.9x | 2.6x |
| Tue, 10 Jun 2025 | CN¥924.9b | CN¥371.5b | CN¥3.9b | 87x | 236.3x | 2.5x |
| Thu, 08 May 2025 | CN¥929.9b | CN¥371.6b | CN¥3.7b | 82.6x | 252.6x | 2.5x |
| Sat, 05 Apr 2025 | CN¥934.9b | CN¥364.8b | CN¥5.1b | 81.9x | 184.7x | 2.6x |
| Mon, 03 Mar 2025 | CN¥1.0t | CN¥365.9b | CN¥6.1b | 92.8x | 165.4x | 2.8x |
| Wed, 29 Jan 2025 | CN¥813.3b | CN¥366.1b | CN¥6.1b | 76x | 134.1x | 2.2x |
| Fri, 27 Dec 2024 | CN¥842.4b | CN¥366.1b | CN¥6.1b | 71.5x | 138.9x | 2.3x |
| Sun, 24 Nov 2024 | CN¥793.6b | CN¥366.1b | CN¥6.1b | 73.5x | 130.8x | 2.2x |
| Tue, 22 Oct 2024 | CN¥823.4b | CN¥359.7b | CN¥4.5b | 71.7x | 182.9x | 2.3x |
| Thu, 19 Sep 2024 | CN¥516.3b | CN¥350.7b | CN¥4.9b | 47.1x | 105.7x | 1.5x |
| Sat, 17 Aug 2024 | CN¥514.8b | CN¥349.1b | CN¥4.3b | 40.8x | 120.7x | 1.5x |
| Mon, 15 Jul 2024 | CN¥534.0b | CN¥349.1b | CN¥4.4b | 42.1x | 121.9x | 1.5x |
| Wed, 12 Jun 2024 | CN¥555.8b | CN¥349.1b | CN¥4.4b | 46x | 126.9x | 1.6x |
| Fri, 10 May 2024 | CN¥626.0b | CN¥349.3b | CN¥4.6b | 46.8x | 136.2x | 1.8x |
| Sun, 07 Apr 2024 | CN¥642.9b | CN¥349.5b | CN¥7.6b | 53.9x | 84.5x | 1.8x |
| Tue, 05 Mar 2024 | CN¥629.4b | CN¥340.6b | CN¥4.7b | 56.5x | 132.7x | 1.8x |
| Thu, 01 Feb 2024 | CN¥519.2b | CN¥338.8b | CN¥4.2b | 45.1x | 122.7x | 1.5x |
| Sat, 30 Dec 2023 | CN¥667.6b | CN¥337.4b | CN¥4.1b | 63.1x | 161.8x | 2x |
| Mon, 27 Nov 2023 | CN¥692.9b | CN¥337.1b | CN¥4.1b | 65.5x | 169.3x | 2.1x |
| Wed, 25 Oct 2023 | CN¥627.1b | CN¥338.6b | CN¥4.8b | 56.1x | 129.5x | 1.9x |
| Fri, 22 Sep 2023 | CN¥641.7b | CN¥338.2b | CN¥4.8b | 57.3x | 132.4x | 1.9x |
| Sun, 20 Aug 2023 | CN¥674.1b | CN¥338.9b | CN¥4.7b | 59.2x | 142.1x | 2x |
| Tue, 18 Jul 2023 | CN¥706.9b | CN¥338.0b | CN¥5.8b | 58.3x | 122.7x | 2.1x |
| Thu, 15 Jun 2023 | CN¥747.8b | CN¥336.2b | CN¥5.6b | 64.5x | 132.7x | 2.2x |
| Sat, 13 May 2023 | CN¥671.3b | CN¥335.5b | CN¥5.6b | 57.9x | 119.9x | 2x |
| Mon, 10 Apr 2023 | CN¥774.4b | CN¥335.6b | CN¥3.5b | 62.5x | 221.6x | 2.3x |
Price to Earnings Ratio
221.6x
Current Industry PE
- Investors are pessimistic on the Chinese IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 161x which is lower than its 3-year average PE of 168x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 6.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -0.061% | |
| Tech | -1.90% | |
| IT | -2.34% | |
| IT Consulting | -1.53% | |
| Internet Services and Infrastructure | -3.66% | |
| Data Processing Services | -9.27% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 343x.
- Analysts are expecting annual earnings growth of 69.6%, which is higher than its past year's earnings growth of 24.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 300766 Merit InteractiveLtd | CN¥36.81 | 10.5% +CN¥1.4b | -7.1% | PS30.8x | |
| 301179 Jiangsu Zeyu Intelligent PowerLtd | CN¥25.87 | 10.9% +CN¥1.0b | 73.5% | PE71.4x | |
| 300300 Strait Innovation Internet | CN¥14.25 | 10.6% +CN¥913.6m | 376.6% | PE234.7x | |
| 600602 INESA Intelligent Tech | CN¥22.17 | 2.6% +CN¥765.9m | -4.8% | PE156.5x | |
| 300674 Yusys Technologies | CN¥19.80 | 3.6% +CN¥693.6m | -16.5% | PE32.2x |