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Chinese (SSE) Software Industry Analysis
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies143
- 7D-3.1%
- 3M62.5%
- 1Y-0.6%
- YTD5.4%
Over the last 7 days, the Software industry has dropped 3.1%, driven by iFLYTEKLTD declining 7.8%. In contrast, 360 Security Technology has gained 9.6%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the Chinese Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | CN¥1.8t | CN¥284.2b | -CN¥3,194,408,337.00 | 92.7x | -569.1x | 6.4x |
| Tue, 22 Oct 2024 | CN¥1.7t | CN¥288.8b | -CN¥1,713,654,913.00 | 86.5x | -1006.1x | 6x |
| Thu, 19 Sep 2024 | CN¥1.1t | CN¥282.3b | -CN¥2,535,214,487.00 | 57.6x | -434.4x | 3.9x |
| Sat, 17 Aug 2024 | CN¥1.1t | CN¥288.3b | -CN¥228,089,387.00 | 54.2x | -4963.9x | 3.9x |
| Mon, 15 Jul 2024 | CN¥1.2t | CN¥288.3b | -CN¥306,759,905.00 | 56.6x | -3808.7x | 4.1x |
| Wed, 12 Jun 2024 | CN¥1.3t | CN¥287.5b | -CN¥571,930,076.00 | 59.7x | -2186.2x | 4.3x |
| Fri, 10 May 2024 | CN¥1.4t | CN¥286.9b | -CN¥320,595,893.00 | 62.9x | -4333.8x | 4.8x |
| Sun, 07 Apr 2024 | CN¥1.4t | CN¥291.2b | CN¥3.5b | 69.3x | 404.5x | 4.8x |
| Tue, 05 Mar 2024 | CN¥1.5t | CN¥288.5b | CN¥4.3b | 76.5x | 349x | 5.2x |
| Thu, 01 Feb 2024 | CN¥1.2t | CN¥291.3b | CN¥4.4b | 62.1x | 283.8x | 4.3x |
| Sat, 30 Dec 2023 | CN¥1.7t | CN¥291.1b | CN¥4.3b | 89.3x | 389.1x | 5.8x |
| Mon, 27 Nov 2023 | CN¥1.7t | CN¥291.1b | CN¥4.3b | 89.3x | 397.4x | 5.9x |
| Wed, 25 Oct 2023 | CN¥1.6t | CN¥291.3b | CN¥3.6b | 67.7x | 454.4x | 5.6x |
| Fri, 22 Sep 2023 | CN¥1.7t | CN¥290.2b | CN¥3.7b | 68.5x | 457x | 5.9x |
| Sun, 20 Aug 2023 | CN¥1.9t | CN¥290.1b | CN¥2.7b | 72.9x | 696.7x | 6.5x |
| Tue, 18 Jul 2023 | CN¥2.1t | CN¥288.7b | CN¥3.3b | 78.2x | 625.9x | 7.1x |
| Thu, 15 Jun 2023 | CN¥2.3t | CN¥291.2b | CN¥4.1b | 82.6x | 556x | 7.8x |
| Sat, 13 May 2023 | CN¥2.1t | CN¥289.5b | CN¥1.6b | 77.8x | 1315.5x | 7.2x |
| Mon, 10 Apr 2023 | CN¥2.5t | CN¥293.8b | CN¥7.0b | 94.4x | 350.9x | 8.4x |
| Wed, 08 Mar 2023 | CN¥2.0t | CN¥295.7b | CN¥6.6b | 80.5x | 297.6x | 6.7x |
| Fri, 03 Feb 2023 | CN¥1.9t | CN¥296.5b | CN¥7.3b | 78x | 261.2x | 6.4x |
| Sun, 01 Jan 2023 | CN¥1.6t | CN¥296.2b | CN¥7.2b | 66.8x | 224.3x | 5.5x |
| Tue, 29 Nov 2022 | CN¥1.6t | CN¥295.5b | CN¥7.2b | 68.6x | 227x | 5.5x |
| Thu, 27 Oct 2022 | CN¥1.6t | CN¥294.5b | CN¥10.3b | 60.2x | 154.7x | 5.4x |
| Sat, 24 Sep 2022 | CN¥1.4t | CN¥293.2b | CN¥10.4b | 54.5x | 135.1x | 4.8x |
| Mon, 22 Aug 2022 | CN¥1.5t | CN¥292.9b | CN¥12.2b | 53.3x | 123.8x | 5.1x |
| Wed, 20 Jul 2022 | CN¥1.4t | CN¥292.2b | CN¥12.7b | 49.3x | 107.9x | 4.7x |
| Fri, 17 Jun 2022 | CN¥1.4t | CN¥291.5b | CN¥12.5b | 52.3x | 115x | 5x |
| Sun, 15 May 2022 | CN¥1.3t | CN¥307.1b | CN¥13.9b | 47.4x | 94x | 4.2x |
| Tue, 12 Apr 2022 | CN¥1.4t | CN¥308.5b | CN¥7.8b | 41.5x | 181.6x | 4.6x |
| Thu, 10 Mar 2022 | CN¥1.6t | CN¥288.0b | CN¥15.4b | 47.1x | 103.1x | 5.5x |
| Sat, 05 Feb 2022 | CN¥1.8t | CN¥279.2b | CN¥15.2b | 52.8x | 116.7x | 6.3x |
| Mon, 03 Jan 2022 | CN¥1.9t | CN¥271.2b | CN¥14.6b | 54.1x | 128.6x | 6.9x |
| Wed, 01 Dec 2021 | CN¥1.9t | CN¥270.6b | CN¥14.5b | 53.7x | 127.6x | 6.8x |
Price to Earnings Ratio
127.6x
Current Industry PE
- Investors are optimistic on the Chinese Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -2.14% | |
| Tech | -3.19% | |
| Software | -3.06% | |
| Systems Software | -1.47% | |
| Application Software | -3.64% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings decline of 9.2% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 49% 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 | |
|---|---|---|---|---|---|
| 601360 360 Security Technology | CN¥13.85 | 9.6% +CN¥8.5b | 53.9% | PS12.2x | |
| 688111 Beijing Kingsoft Office Software | CN¥305.50 | 6.1% +CN¥8.1b | 1.1% | PE96.5x | |
| 300377 Shenzhen Ysstech Info-TechLtd | CN¥29.75 | 23.8% +CN¥4.3b | 234.6% | PE496.8x | |
| 688692 Wuhan Dameng Database | CN¥412.48 | 10.9% +CN¥3.1b | n/a | PE89x | |
| 300229 TRS Information Technology | CN¥21.12 | 16.9% +CN¥2.7b | 23.2% | PE317.9x |
