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Chinese (SSE) IT Industry Analysis

UpdatedMay 28, 2024
DataAggregated Company Financials
Companies94
  • 7D-3.8%
  • 3M-11.3%
  • 1Y-22.0%
  • YTD-16.2%

Over the last 7 days, the IT industry has dropped 4.0%, driven by Range Intelligent Computing Technology Group declining 5.2%. Meanwhile, Bringspring Science and Technology actually outperformed within the industry, gaining 24% in the last week. The industry has fallen 22% in the last year. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

Has the Chinese IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 May 2024CN¥591.5bCN¥348.9bCN¥4.4b48.1x134.5x1.7x
Thu, 25 Apr 2024CN¥619.9bCN¥350.8bCN¥8.4b47.2x73.8x1.8x
Sat, 23 Mar 2024CN¥666.3bCN¥340.8bCN¥4.7b59.7x140.6x2x
Mon, 19 Feb 2024CN¥515.5bCN¥339.1bCN¥4.4b42.6x117.1x1.5x
Wed, 17 Jan 2024CN¥617.3bCN¥337.7bCN¥4.2b56.7x147.6x1.8x
Fri, 15 Dec 2023CN¥704.6bCN¥337.4bCN¥4.1b65.7x170.7x2.1x
Sun, 12 Nov 2023CN¥683.0bCN¥337.1bCN¥4.1b65.3x166.8x2x
Tue, 10 Oct 2023CN¥670.2bCN¥338.2bCN¥4.8b57.6x139.1x2x
Thu, 07 Sep 2023CN¥693.2bCN¥338.2bCN¥4.8b61.8x143.1x2x
Sat, 05 Aug 2023CN¥701.2bCN¥338.4bCN¥5.8b58.4x120.5x2.1x
Mon, 03 Jul 2023CN¥720.5bCN¥338.9bCN¥5.8b59.3x123.7x2.1x
Wed, 31 May 2023CN¥697.5bCN¥336.6bCN¥5.7b59.9x121.9x2.1x
Fri, 28 Apr 2023CN¥655.3bCN¥335.3bCN¥1.6b57.5x408.5x2x
Sun, 26 Mar 2023CN¥715.4bCN¥335.5bCN¥3.7b60.1x193.7x2.1x
Tue, 21 Feb 2023CN¥665.1bCN¥350.4bCN¥3.2b55.1x206.3x1.9x
Thu, 19 Jan 2023CN¥592.3bCN¥351.4bCN¥3.2b46.6x184x1.7x
Sat, 17 Dec 2022CN¥562.5bCN¥351.4bCN¥3.2b45.3x174.8x1.6x
Mon, 14 Nov 2022CN¥583.8bCN¥351.6bCN¥3.3b47.9x176.4x1.7x
Wed, 12 Oct 2022CN¥459.3bCN¥349.4bCN¥4.2b39.7x110x1.3x
Fri, 09 Sep 2022CN¥504.4bCN¥349.3bCN¥4.1b42.1x122.7x1.4x
Sun, 07 Aug 2022CN¥549.6bCN¥356.3bCN¥5.3b44.7x104x1.5x
Tue, 05 Jul 2022CN¥516.8bCN¥351.4bCN¥5.0b42.5x103.7x1.5x
Thu, 02 Jun 2022CN¥491.5bCN¥351.3bCN¥5.0b40.2x98.1x1.4x
Sat, 30 Apr 2022CN¥436.8bCN¥333.9bCN¥5.0b37.1x87.9x1.3x
Mon, 28 Mar 2022CN¥573.9bCN¥319.9bCN¥1.9b44.6x299.6x1.8x
Wed, 23 Feb 2022CN¥649.6bCN¥317.1bCN¥1.9b49x349.6x2x
Fri, 21 Jan 2022CN¥670.2bCN¥317.4bCN¥1.9b52.3x351.1x2.1x
Sun, 19 Dec 2021CN¥584.0bCN¥316.5bCN¥1.7b46.6x349.3x1.8x
Tue, 16 Nov 2021CN¥570.8bCN¥317.3bCN¥1.7b50.8x333.8x1.8x
Thu, 14 Oct 2021CN¥541.9bCN¥306.1bCN¥2.0b42.5x266.1x1.8x
Sat, 11 Sep 2021CN¥564.0bCN¥305.9bCN¥2.0b44.5x287.2x1.8x
Mon, 09 Aug 2021CN¥544.2bCN¥305.7bCN¥2.0b44.5x272.7x1.8x
Price to Earnings Ratio

250.3x


Total Market Cap: CN¥540.1bTotal Earnings: CN¥2.2bTotal Revenue: CN¥288.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese IT Industry Price to Earnings3Y Average 200.6x202220232024
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 133x which is lower than its 3-year average PE of 201x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 6.6% 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-2.34%
Tech-2.59%
IT-3.85%
IT Consulting-3.67%
Internet Services and Infrastructure-4.22%
Data Processing Services-4.67%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 180x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 17.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 7.5% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 23% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
300290 Bringspring Science and TechnologyCN¥9.5624.5%
+CN¥1.2b
100.4%PE349.1x
301179 Jiangsu Zeyu Intelligent PowerLtdCN¥18.3610.0%
+CN¥519.0m
-26.2%PE25.1x
600131 State Grid Information & CommunicationCN¥18.402.0%
+CN¥432.7m
-6.0%PE28.8x
889 ZJBC Information TechnologyCN¥2.1011.1%
+CN¥196.6m
55.6%PS1.4x
2090 Wiscom SystemCN¥9.282.1%
+CN¥76.1m
-27.8%PE52.8x
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Latest News

300442

CN¥26.47

Range Intelligent Computing Technology Group

7D

-5.2%

1Y

-17.4%

603559

CN¥4.91

Zhongtong Guomai Communication

7D

7.7%

1Y

-17.2%

600602

CN¥11.77

INESA Intelligent Tech

7D

-4.7%

1Y

25.7%

34

CN¥29.63

Digital China Group

7D

-3.8%

1Y

13.2%

600131

CN¥18.40

State Grid Information & Communication

7D

2.0%

1Y

-6.0%

600289

CN¥1.42

Bright Oceans Inter-Telecom

7D

4.4%

1Y

-41.3%

889

CN¥2.10

ZJBC Information Technology

7D

11.1%

1Y

55.6%

301178

CN¥21.35

Guangdong TianYiMa Information IndustryLtd

7D

3.3%

1Y

-32.7%