We Think That There Are More Issues For TRS Information Technology (SZSE:300229) Than Just Sluggish Earnings
Apr 17
Chinese (SSE) Application Software Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies102
- 7D-2.1%
- 3M-9.0%
- 1Y-42.1%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 8.8%, driven by NavInfo declining 10%. The industry has fallen 45% in the last year. As for the next few years, earnings are expected to grow by 42% per annum.
Industry Valuation and Performance
Has the Chinese Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | CN¥998.7b | CN¥209.2b | CN¥3.8b | 61.7x | 265.1x | 4.8x |
| Sat, 16 Mar 2024 | CN¥1.1t | CN¥210.3b | CN¥5.1b | 74.4x | 224.4x | 5.5x |
| Mon, 12 Feb 2024 | CN¥975.7b | CN¥209.8b | CN¥5.5b | 62.1x | 178.4x | 4.6x |
| Wed, 10 Jan 2024 | CN¥1.1t | CN¥212.3b | CN¥4.2b | 70.9x | 272.7x | 5.4x |
| Fri, 08 Dec 2023 | CN¥1.3t | CN¥212.0b | CN¥4.1b | 84.8x | 323.6x | 6.3x |
| Sun, 05 Nov 2023 | CN¥1.3t | CN¥212.0b | CN¥4.1b | 79.3x | 306.9x | 6x |
| Tue, 03 Oct 2023 | CN¥1.4t | CN¥210.0b | CN¥4.6b | 68.4x | 291.9x | 6.4x |
| Thu, 31 Aug 2023 | CN¥1.5t | CN¥210.6b | CN¥4.7b | 75.3x | 310.7x | 6.9x |
| Sat, 29 Jul 2023 | CN¥1.5t | CN¥207.8b | CN¥5.1b | 73x | 298.8x | 7.3x |
| Mon, 26 Jun 2023 | CN¥1.8t | CN¥207.7b | CN¥5.1b | 81.7x | 348.2x | 8.5x |
| Wed, 24 May 2023 | CN¥1.5t | CN¥211.5b | CN¥4.5b | 72.8x | 346x | 7.3x |
| Fri, 21 Apr 2023 | CN¥1.8t | CN¥214.4b | CN¥6.4b | 89x | 274.3x | 8.2x |
| Sun, 19 Mar 2023 | CN¥1.5t | CN¥210.3b | CN¥8.4b | 79.9x | 184x | 7.4x |
| Tue, 14 Feb 2023 | CN¥1.5t | CN¥211.2b | CN¥9.3b | 75.8x | 155.6x | 6.9x |
| Thu, 12 Jan 2023 | CN¥1.3t | CN¥211.1b | CN¥9.3b | 67.6x | 135.5x | 6x |
| Sat, 10 Dec 2022 | CN¥1.2t | CN¥211.1b | CN¥9.3b | 62.4x | 131.8x | 5.8x |
| Mon, 07 Nov 2022 | CN¥1.2t | CN¥209.8b | CN¥9.1b | 65x | 136.7x | 5.9x |
| Wed, 05 Oct 2022 | CN¥1.0t | CN¥207.1b | CN¥9.9b | 53.8x | 101.9x | 4.9x |
| Fri, 02 Sep 2022 | CN¥1.1t | CN¥206.9b | CN¥10.0b | 57.6x | 107.5x | 5.2x |
| Sun, 31 Jul 2022 | CN¥1.1t | CN¥206.3b | CN¥10.6b | 53.9x | 106.1x | 5.5x |
| Tue, 28 Jun 2022 | CN¥1.1t | CN¥205.6b | CN¥10.5b | 55.3x | 107.8x | 5.5x |
| Thu, 26 May 2022 | CN¥975.3b | CN¥204.4b | CN¥11.0b | 50.2x | 88.3x | 4.8x |
| Sat, 23 Apr 2022 | CN¥999.9b | CN¥226.2b | CN¥3.8b | 37.4x | 262.3x | 4.4x |
| Mon, 21 Mar 2022 | CN¥1.2t | CN¥218.8b | CN¥12.7b | 49.8x | 95.5x | 5.6x |
| Wed, 16 Feb 2022 | CN¥1.3t | CN¥195.6b | CN¥10.5b | 54.6x | 126.1x | 6.8x |
| Fri, 14 Jan 2022 | CN¥1.4t | CN¥191.6b | CN¥10.7b | 57.5x | 127.3x | 7.1x |
| Sun, 12 Dec 2021 | CN¥1.4t | CN¥190.7b | CN¥10.5b | 55.4x | 130.1x | 7.2x |
| Tue, 09 Nov 2021 | CN¥1.3t | CN¥190.4b | CN¥10.4b | 49.7x | 125.8x | 6.9x |
| Thu, 07 Oct 2021 | CN¥1.3t | CN¥187.2b | CN¥10.7b | 49x | 118.4x | 6.8x |
| Sat, 04 Sep 2021 | CN¥1.2t | CN¥187.2b | CN¥10.7b | 53.6x | 116.3x | 6.7x |
| Mon, 02 Aug 2021 | CN¥1.4t | CN¥187.2b | CN¥10.7b | 51.4x | 127.5x | 7.3x |
| Thu, 06 May 2021 | CN¥1.2t | CN¥178.0b | CN¥10.5b | 44.9x | 117.3x | 6.9x |
Price to Earnings Ratio
117.3x
Current Industry PE
- Investors are optimistic on the Chinese Application Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 261x which is higher than its 3-year average PE of 190x.
- The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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 Comparison
How does Chinese Application Software compare with similar industries?
| CN Market | -0.20% | |
| Tech | -0.0077% | |
| Software | -2.18% | |
| Application Software | -2.07% | |
| Systems Software | -2.51% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 688568 Geovis TechnologyLtd | CN¥56.98 | 10.4% +CN¥2.0b | 1.4% | PE60.7x | |
| 603927 SinosoftLtd | CN¥28.48 | 8.5% +CN¥1.3b | -35.3% | PE25.8x | |
| 301095 Semitronix | CN¥55.09 | 9.2% +CN¥924.0m | -53.5% | PE79x | |
| 688318 Shenzhen Fortune Trend technology | CN¥105.15 | 5.2% +CN¥674.3m | -3.3% | PE44.2x | |
| 997 Newland Digital TechnologyLtd | CN¥17.09 | 1.8% +CN¥314.1m | 2.5% | PE269.4x |
