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Chinese (SSE) Software Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies138
  • 7D4.1%
  • 3M-25.2%
  • 1Y-31.7%
  • YTD-19.5%

The Software industry has gained 4.1% in the last week and iFLYTEKLTD up 4.4%. Meanwhile, Geovis TechnologyLtd actually underperformed within the industry, shrinking 7.2% in the last week. In contrast, the industry has lost 32% in the last 12 months. Earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024CN¥1.3tCN¥288.8bCN¥5.6b65.4x237.4x4.6x
Fri, 19 Jan 2024CN¥1.4tCN¥291.3bCN¥4.4b76.2x328.7x5x
Sun, 17 Dec 2023CN¥1.7tCN¥291.1bCN¥4.3b90.1x403.3x6x
Tue, 14 Nov 2023CN¥1.7tCN¥291.1bCN¥4.3b85.5x400.4x6x
Thu, 12 Oct 2023CN¥1.8tCN¥290.2bCN¥3.7b70.3x486.5x6.3x
Sat, 09 Sep 2023CN¥1.8tCN¥290.6bCN¥3.9b76.8x478.1x6.3x
Mon, 07 Aug 2023CN¥2.0tCN¥289.1bCN¥3.4b75.8x600.3x7.1x
Wed, 05 Jul 2023CN¥2.1tCN¥288.5bCN¥3.9b79.1x547.6x7.4x
Fri, 02 Jun 2023CN¥2.2tCN¥291.5bCN¥2.8b81.3x793.4x7.5x
Sun, 30 Apr 2023CN¥2.1tCN¥292.5bCN¥2.1b80.5x997.1x7.3x
Tue, 28 Mar 2023CN¥2.3tCN¥295.6bCN¥6.9b92.6x326.9x7.7x
Thu, 23 Feb 2023CN¥1.9tCN¥296.5bCN¥7.3b77.7x265.7x6.5x
Sat, 21 Jan 2023CN¥1.9tCN¥296.4bCN¥7.3b76.2x254.1x6.2x
Mon, 19 Dec 2022CN¥1.6tCN¥296.2bCN¥7.2b65.9x224.9x5.5x
Wed, 16 Nov 2022CN¥1.7tCN¥295.3bCN¥7.1b72.1x240.4x5.8x
Fri, 14 Oct 2022CN¥1.4tCN¥293.2bCN¥10.4b54.1x136.7x4.9x
Sun, 11 Sep 2022CN¥1.5tCN¥293.3bCN¥10.4b55.1x140.6x5x
Tue, 09 Aug 2022CN¥1.6tCN¥293.1bCN¥12.7b54.5x125.4x5.5x
Thu, 07 Jul 2022CN¥1.4tCN¥292.2bCN¥12.7b51.8x113.4x4.9x
Sat, 04 Jun 2022CN¥1.4tCN¥291.5bCN¥12.5b51.6x113x4.8x
Mon, 02 May 2022CN¥1.3tCN¥314.8bCN¥13.1b42.4x97.5x4x
Wed, 30 Mar 2022CN¥1.5tCN¥307.7bCN¥8.3b44.6x183.6x5x
Fri, 25 Feb 2022CN¥1.7tCN¥280.8bCN¥15.1b48.6x114.3x6.2x
Sun, 23 Jan 2022CN¥1.9tCN¥274.8bCN¥15.3b56.5x125.1x6.9x
Tue, 21 Dec 2021CN¥1.8tCN¥270.8bCN¥14.5b51.8x126.2x6.8x
Thu, 18 Nov 2021CN¥1.8tCN¥270.4bCN¥14.4b52.2x127x6.8x
Sat, 16 Oct 2021CN¥1.8tCN¥263.0bCN¥15.6b49.8x112.5x6.7x
Mon, 13 Sep 2021CN¥1.8tCN¥262.7bCN¥15.6b51.8x112.1x6.7x
Wed, 11 Aug 2021CN¥1.9tCN¥262.5bCN¥15.6b53.5x120.9x7.2x
Sun, 06 Jun 2021CN¥1.8tCN¥250.9bCN¥17.2b51x106.4x7.3x
Wed, 10 Mar 2021CN¥1.7tCN¥241.5bCN¥14.0b52.9x121.6x7.1x
Price to Earnings Ratio

121.6x


Total Market Cap: CN¥1.7tTotal Earnings: CN¥14.0bTotal Revenue: CN¥241.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Software Industry Price to Earnings3Y Average 252.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Chinese Software 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 243x which is lower than its 3-year average PE of 253x.
  • The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Software industry have declined 27% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% per year.
  • This means that although more sales are being generated, 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 Market1.80%
Tech3.47%
Software4.07%
Application Software4.09%
Systems Software4.00%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 278x.
    • Analysts are expecting annual earnings growth of 52.3%, which is higher than its past year's earnings decline of 14.0% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading close to its 3-year average of 184x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 43% 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
688111 Beijing Kingsoft Office SoftwareCN¥244.053.7%
+CN¥4.0b
-12.8%PE94.1x
601360 360 Security TechnologyCN¥7.727.7%
+CN¥3.8b
-33.7%PS5.8x
2230 iFLYTEKLTDCN¥45.023.4%
+CN¥3.4b
-10.6%PE430.3x
300624 Wondershare Technology GroupCN¥100.5819.5%
+CN¥2.3b
94.6%PE169x
600570 Hundsun TechnologiesCN¥22.644.1%
+CN¥1.7b
-49.2%PE25.5x
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Latest News

300229

CN¥13.80

TRS Information Technology

7D

16.2%

1Y

-42.2%

688023

CN¥67.70

DBAPPSecurity

7D

-2.9%

1Y

-59.8%

600271

CN¥9.52

AisinoLtd

7D

-0.8%

1Y

-22.6%

2063

CN¥5.14

YGSOFT

7D

-1.3%

1Y

-27.3%

688568

CN¥40.44

Geovis TechnologyLtd

7D

-5.8%

1Y

-12.6%

600570

CN¥22.64

Hundsun Technologies

7D

4.1%

1Y

-49.2%

688083

CN¥80.56

ZwsoftLtd

7D

-6.0%

1Y

-46.0%

600588

CN¥11.79

Yonyou Network TechnologyLtd

7D

3.5%

1Y

-50.0%

2230

CN¥45.02

iFLYTEKLTD

7D

3.4%

1Y

-10.6%

300624

CN¥100.58

Wondershare Technology Group

7D

19.5%

1Y

94.6%

688039

CN¥33.65

Hangzhou Arcvideo Technology

7D

70.9%

1Y

8.8%

688111

CN¥244.05

Beijing Kingsoft Office Software

7D

3.7%

1Y

-12.8%

301269

CN¥87.01

Empyrean Technology

7D

-0.6%

1Y

-12.9%

997

CN¥18.10

Newland Digital TechnologyLtd

7D

-2.9%

1Y

13.9%

600845

CN¥42.20

Shanghai Baosight SoftwareLtd

7D

-1.0%

1Y

3.8%

601360

CN¥7.72

360 Security Technology

7D

7.7%

1Y

-33.7%