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Chinese (SSE) IT Industry Analysis

UpdatedFeb 03, 2023
DataAggregated Company Financials
Companies94
  • 7D3.9%
  • 3M9.3%
  • 1Y-2.1%
  • YTD8.9%

Last week, the IT industry hasn't moved much but Wonders Information is up 3.0% in that time. Unfortunately though, the industry is down 5.1% over the past 12 months. As for the next few years, earnings are expected to grow by 38% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Feb 2023CN„637.4bCN„350.4bCN„3.2b54.2x197.6x1.8x
Sun, 01 Jan 2023CN„548.2bCN„351.4bCN„3.2b43.7x170.3x1.6x
Tue, 29 Nov 2022CN„573.4bCN„352.2bCN„3.3b44.9x171.3x1.6x
Thu, 27 Oct 2022CN„549.8bCN„351.7bCN„4.2b42.9x129.6x1.6x
Sat, 24 Sep 2022CN„474.0bCN„349.4bCN„4.2b39.6x113.5x1.4x
Mon, 22 Aug 2022CN„542.3bCN„355.0bCN„4.9b44.1x111.8x1.5x
Wed, 20 Jul 2022CN„499.1bCN„352.9bCN„5.1b40.5x97.8x1.4x
Fri, 17 Jun 2022CN„508.7bCN„351.5bCN„5.0b42.1x101.4x1.4x
Sun, 15 May 2022CN„462.4bCN„333.7bCN„4.2b40.2x110.3x1.4x
Tue, 12 Apr 2022CN„520.2bCN„328.6bCN„494.6m41.4x1051.7x1.6x
Thu, 10 Mar 2022CN„603.6bCN„318.3bCN„1.8b47.7x343.7x1.9x
Sat, 05 Feb 2022CN„580.1bCN„317.1bCN„1.9b45.3x312.5x1.8x
Mon, 03 Jan 2022CN„596.2bCN„316.5bCN„1.7b47.5x356.6x1.9x
Wed, 01 Dec 2021CN„582.4bCN„317.3bCN„1.7b50.2x340.6x1.8x
Fri, 29 Oct 2021CN„515.2bCN„314.1bCN„2.0b41.9x258.9x1.6x
Sun, 26 Sep 2021CN„554.5bCN„306.1bCN„2.0b42.3x272.2x1.8x
Tue, 24 Aug 2021CN„548.5bCN„305.7bCN„2.0b43.5x274.9x1.8x
Wed, 30 Jun 2021CN„563.1bCN„305.7bCN„2.0b46.2x282.2x1.8x
Sat, 03 Apr 2021CN„547.9bCN„288.3bCN„2.2b39.7x253.9x1.9x
Tue, 05 Jan 2021CN„596.7bCN„274.7bCN„1.5b50.2x385.9x2.2x
Fri, 09 Oct 2020CN„735.7bCN„261.1bCN„2.1b70x345.8x2.8x
Thu, 02 Jul 2020CN„723.2bCN„252.0bCN„1.7b64.5x426.5x2.9x
Sun, 05 Apr 2020CN„628.8bCN„245.9bCN„1.6b65.9x383x2.6x
Price to Earnings Ratio

205.9x


Total Market Cap: CN„632.1bTotal Earnings: CN„3.1bTotal Revenue: CN„252.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese IT Industry Price to Earnings3Y Average 284.7x202120222023
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 187x which is lower than its 3-year average PE of 285x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 2.4% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market1.47%
Tech2.27%
IT3.94%
Data Processing Services7.77%
IT Consulting4.11%
Internet Services and Infrastructure2.50%
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 45.5%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Data Processing Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 0.5% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 21% 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
300168 Wonders InformationCN„9.836.2%
+CN„3.2b
-16.5%PS4.4x
301316 Hydsoft TechnologyCN„28.4631.6%
+CN„2.7b
n/aPE121.5x
688787 Beijing Haitian Ruisheng Science TechnologyCN„116.3071.0%
+CN„2.1b
69.0%PE202.5x
300044 Shenzhen Sunwin IntelligentCN„5.5174.9%
+CN„1.8b
84.3%PS7.3x
2368 Taiji ComputerCN„41.987.7%
+CN„1.8b
74.1%PE61.4x
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Latest News

600131

CN„17.01

State Grid Information & Communication

7D

-1.0%

1Y

-13.5%

2368

CN„41.98

Taiji Computer

7D

7.7%

1Y

74.1%

300773

CN„18.28

Lakala Payment

7D

11.8%

1Y

-29.4%

301208

CN„60.30

ChinaEtek Service & Technology

7D

-6.3%

1Y

n/a

2093

CN„7.95

Guomai Technologies

7D

-0.7%

1Y

34.3%

300348

CN„12.52

Shenzhen Sunline Tech

7D

12.0%

1Y

-13.5%

300002

CN„5.37

Beijing Ultrapower Software

7D

12.6%

1Y

-0.2%

301236

CN„41.34

iSoftStone Information Technology (Group)

7D

-1.7%

1Y

n/a

300168

CN„9.83

Wonders Information

7D

6.2%

1Y

-16.5%

600242

CN„1.35

Zhongchang Big Data

7D

-5.6%

1Y

-43.5%

688787

CN„116.30

Beijing Haitian Ruisheng Science Technology

7D

71.0%

1Y

69.0%

34

CN„24.96

Digital China Group

7D

-2.2%

1Y

66.0%

301316

CN„28.46

Hydsoft Technology

7D

31.6%

1Y

n/a

2316

CN„3.45

Shenzhen Asia Link Technology DevelopmentLtd

7D

-4.2%

1Y

-41.1%