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- 7D4.0%
- 3M2.4%
- 1Y23.1%
- YTD9.7%
Over the last 7 days, the IT industry has risen 4.4%, driven by gains from Range Intelligent Computing Technology Group of 6.7%. During this same period, the Shenzhen Sunwin Intelligent underperformed, falling 19%. In the last 12 months, the industry was up 26%. As for the next few years, earnings are expected to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | CN¥1.2t | CN¥407.7b | CN¥8.2b | 105.8x | 143.3x | 2.9x |
| Thu, 19 Mar 2026 | CN¥1.2t | CN¥397.3b | CN¥6.2b | 104.1x | 196.6x | 3.1x |
| Sat, 14 Feb 2026 | CN¥1.2t | CN¥397.6b | CN¥6.5b | 119.6x | 189.2x | 3.1x |
| Mon, 12 Jan 2026 | CN¥1.2t | CN¥394.6b | CN¥6.5b | 120.1x | 179x | 2.9x |
| Wed, 10 Dec 2025 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 111.4x | 162.9x | 2.7x |
| Fri, 07 Nov 2025 | CN¥1.0t | CN¥388.5b | CN¥5.9b | 102.3x | 172.5x | 2.6x |
| Sun, 05 Oct 2025 | CN¥1.1t | CN¥382.3b | CN¥3.5b | 93.4x | 302.8x | 2.8x |
| Tue, 02 Sep 2025 | CN¥1.1t | CN¥380.6b | CN¥3.5b | 94.6x | 322.4x | 2.9x |
| Thu, 31 Jul 2025 | CN¥974.2b | CN¥371.6b | CN¥4.0b | 92.7x | 245.7x | 2.6x |
| Sat, 28 Jun 2025 | CN¥947.8b | CN¥371.6b | CN¥4.0b | 91.3x | 239x | 2.6x |
| Mon, 26 May 2025 | CN¥866.5b | CN¥372.1b | CN¥4.1b | 82.7x | 212.7x | 2.3x |
| Wed, 23 Apr 2025 | CN¥887.3b | CN¥367.1b | CN¥3.8b | 84.2x | 234.9x | 2.4x |
| Fri, 21 Mar 2025 | CN¥1.1t | CN¥366.8b | CN¥5.9b | 96.3x | 181x | 2.9x |
| Sun, 16 Feb 2025 | CN¥1.0t | CN¥366.1b | CN¥6.1b | 86.8x | 167.6x | 2.8x |
| Tue, 14 Jan 2025 | CN¥736.4b | CN¥360.7b | CN¥6.5b | 62.6x | 113.2x | 2x |
| Thu, 12 Dec 2024 | CN¥860.1b | CN¥366.1b | CN¥6.1b | 77.1x | 141.8x | 2.3x |
| Sat, 09 Nov 2024 | CN¥844.4b | CN¥365.9b | CN¥5.8b | 74.7x | 145.6x | 2.3x |
| Mon, 07 Oct 2024 | CN¥710.9b | CN¥359.7b | CN¥4.5b | 68.2x | 157.9x | 2x |
| Wed, 04 Sep 2024 | CN¥528.4b | CN¥359.4b | CN¥4.5b | 47.3x | 117.5x | 1.5x |
| Fri, 02 Aug 2024 | CN¥542.5b | CN¥349.2b | CN¥4.5b | 42.2x | 121.6x | 1.6x |
| Sun, 30 Jun 2024 | CN¥544.6b | CN¥349.1b | CN¥4.4b | 44.1x | 124.4x | 1.6x |
| Tue, 28 May 2024 | CN¥591.5b | CN¥348.9b | CN¥4.4b | 48.1x | 134.5x | 1.7x |
| Thu, 25 Apr 2024 | CN¥619.9b | CN¥350.8b | CN¥8.4b | 47.2x | 73.8x | 1.8x |
| Sat, 23 Mar 2024 | CN¥666.3b | CN¥340.8b | CN¥4.7b | 59.7x | 140.6x | 2x |
| Mon, 19 Feb 2024 | CN¥515.5b | CN¥339.1b | CN¥4.4b | 42.6x | 117.1x | 1.5x |
| Wed, 17 Jan 2024 | CN¥617.3b | CN¥337.7b | CN¥4.2b | 56.7x | 147.6x | 1.8x |
| Fri, 15 Dec 2023 | CN¥704.6b | CN¥337.4b | CN¥4.1b | 65.7x | 170.7x | 2.1x |
| Sun, 12 Nov 2023 | CN¥683.0b | CN¥337.1b | CN¥4.1b | 65.3x | 166.8x | 2x |
| Tue, 10 Oct 2023 | CN¥670.2b | CN¥338.2b | CN¥4.8b | 57.6x | 139.1x | 2x |
| Thu, 07 Sep 2023 | CN¥693.2b | CN¥338.2b | CN¥4.8b | 61.8x | 143.1x | 2x |
| Sat, 05 Aug 2023 | CN¥701.2b | CN¥338.4b | CN¥5.8b | 58.4x | 120.5x | 2.1x |
| Mon, 03 Jul 2023 | CN¥720.5b | CN¥338.9b | CN¥5.8b | 59.3x | 123.7x | 2.1x |
| Wed, 31 May 2023 | CN¥697.5b | CN¥336.6b | CN¥5.7b | 59.9x | 121.9x | 2.1x |
| Fri, 28 Apr 2023 | CN¥655.3b | CN¥335.3b | CN¥1.6b | 57.5x | 408.5x | 2x |
Price to Earnings Ratio
408.5x
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 143x which is lower than its 3-year average PE of 167x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 73% per year over the last three years.
- Revenues for these companies have grown 6.7% 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 | 3.21% | |
| Tech | 6.67% | |
| IT | 3.99% | |
| Data Processing Services | 7.14% | |
| Internet Services and Infrastructure | 4.03% | |
| IT Consulting | 3.97% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings decline of 8.6% per year.
- Investors are most pessimistic about the Internet Services and Infrastructure industry, which is trading below its 3-year average of 167x.
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 23% 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 | |
|---|---|---|---|---|---|
| 300442 Range Intelligent Computing Technology Group | CN¥95.20 | 6.7% +CN¥8.6b | 75.2% | PE26.4x | |
| 301638 CSG Digital Power Grid Research InstituteLtd | CN¥28.30 | 5.5% +CN¥4.7b | n/a | PE142.9x | |
| 600410 Beijing Teamsun TechnologyLtd | CN¥28.99 | 8.3% +CN¥2.4b | 267.4% | PE53.3x | |
| 301236 iSoftStone Information Technology (Group) | CN¥40.97 | 5.6% +CN¥2.3b | -25.1% | PE208.6x | |
| 301382 Fengzhushou | CN¥40.87 | 19.9% +CN¥1.9b | 47.9% | PE65.5x |