Dawning Information Industry's (SHSE:603019) Solid Earnings May Rest On Weak Foundations
Apr 25
Chinese (SSE) Tech Hardware Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies42
- 7D-4.6%
- 3M4.2%
- 1Y-3.9%
- YTD-5.8%
Over the last 7 days, the Tech Hardware industry has dropped 1.8%, driven by Shenzhen Transsion Holdings declining 16%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 32% per annum.
Industry Valuation and Performance
Has the Chinese Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | CN¥620.9b | CN¥450.3b | CN¥16.6b | 47.4x | 37.5x | 1.4x |
| Sun, 24 Mar 2024 | CN¥702.0b | CN¥445.9b | CN¥15.0b | 51.3x | 46.7x | 1.6x |
| Tue, 20 Feb 2024 | CN¥596.5b | CN¥415.7b | CN¥13.3b | 38.6x | 44.8x | 1.4x |
| Thu, 18 Jan 2024 | CN¥577.0b | CN¥412.8b | CN¥12.4b | 53.6x | 46.5x | 1.4x |
| Sat, 16 Dec 2023 | CN¥645.0b | CN¥413.0b | CN¥12.5b | 51.7x | 51.7x | 1.6x |
| Mon, 13 Nov 2023 | CN¥646.4b | CN¥413.0b | CN¥12.5b | 47.9x | 51.8x | 1.6x |
| Wed, 11 Oct 2023 | CN¥643.1b | CN¥392.8b | CN¥12.1b | 49.8x | 53.2x | 1.6x |
| Fri, 08 Sep 2023 | CN¥625.8b | CN¥393.0b | CN¥12.1b | 47.9x | 51.7x | 1.6x |
| Sun, 06 Aug 2023 | CN¥622.8b | CN¥308.1b | CN¥9.8b | 52.8x | 63.5x | 2x |
| Tue, 04 Jul 2023 | CN¥636.0b | CN¥307.2b | CN¥9.8b | 50.4x | 65.2x | 2.1x |
| Thu, 01 Jun 2023 | CN¥629.2b | CN¥307.1b | CN¥9.7b | 50.6x | 65.1x | 2x |
| Sat, 29 Apr 2023 | CN¥572.1b | CN¥319.7b | CN¥9.1b | 42.5x | 62.6x | 1.8x |
| Mon, 27 Mar 2023 | CN¥585.9b | CN¥325.5b | CN¥10.6b | 47.3x | 55.5x | 1.8x |
| Wed, 22 Feb 2023 | CN¥524.7b | CN¥327.8b | CN¥11.3b | 50.7x | 46.4x | 1.6x |
| Fri, 20 Jan 2023 | CN¥469.3b | CN¥327.1b | CN¥11.2b | 40.4x | 41.9x | 1.4x |
| Sun, 18 Dec 2022 | CN¥448.7b | CN¥327.1b | CN¥11.2b | 37.5x | 40.1x | 1.4x |
| Tue, 15 Nov 2022 | CN¥444.9b | CN¥327.1b | CN¥11.2b | 40.3x | 39.8x | 1.4x |
| Thu, 13 Oct 2022 | CN¥380.2b | CN¥331.9b | CN¥12.4b | 34.9x | 30.6x | 1.1x |
| Sat, 10 Sep 2022 | CN¥420.0b | CN¥328.5b | CN¥12.1b | 38x | 34.7x | 1.3x |
| Mon, 08 Aug 2022 | CN¥473.4b | CN¥329.8b | CN¥11.6b | 46.5x | 41x | 1.4x |
| Wed, 06 Jul 2022 | CN¥426.1b | CN¥320.2b | CN¥10.5b | 46.7x | 40.5x | 1.3x |
| Fri, 03 Jun 2022 | CN¥407.2b | CN¥320.1b | CN¥10.5b | 39.9x | 38.7x | 1.3x |
| Sun, 01 May 2022 | CN¥369.4b | CN¥315.6b | CN¥11.3b | 38.1x | 32.6x | 1.2x |
| Tue, 29 Mar 2022 | CN¥438.1b | CN¥309.8b | CN¥13.3b | 38.2x | 32.9x | 1.4x |
| Thu, 24 Feb 2022 | CN¥532.4b | CN¥309.2b | CN¥13.0b | 42.5x | 41x | 1.7x |
| Sat, 22 Jan 2022 | CN¥537.0b | CN¥308.8b | CN¥12.8b | 44.8x | 41.9x | 1.7x |
| Mon, 20 Dec 2021 | CN¥550.7b | CN¥309.3b | CN¥12.8b | 44.2x | 43.1x | 1.8x |
| Wed, 17 Nov 2021 | CN¥518.2b | CN¥237.4b | CN¥11.1b | 45.9x | 46.8x | 2.2x |
| Fri, 15 Oct 2021 | CN¥488.8b | CN¥252.3b | CN¥10.5b | 44x | 46.7x | 1.9x |
| Sun, 12 Sep 2021 | CN¥514.7b | CN¥251.7b | CN¥10.4b | 46.6x | 49.5x | 2x |
| Tue, 10 Aug 2021 | CN¥550.1b | CN¥251.0b | CN¥10.4b | 50.1x | 53x | 2.2x |
| Mon, 03 May 2021 | CN¥520.1b | CN¥244.6b | CN¥11.2b | 42.3x | 46.6x | 2.1x |
Price to Earnings Ratio
46.6x
Current Industry PE
- Investors are pessimistic on the Chinese Tech 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 41.3x which is lower than its 3-year average PE of 46.1x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Tech industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -0.29% | |
| Tech | -0.37% | |
| Tech Hardware | -4.63% | |
| Tech Hardware Storage and Peripherals | -4.63% | |
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 | |
|---|---|---|---|---|---|
| 301308 Shenzhen Longsys Electronics | CN¥97.84 | 3.1% +CN¥1.2b | 5.3% | PS4.9x | |
| 600734 Fujian Start GroupLtd | CN¥3.42 | 5.9% +CN¥413.9m | -21.2% | PE200.3x | |
| 301202 Suzhou Longway Eletronic Machinery | CN¥31.29 | 9.0% +CN¥351.9m | n/a | PE66.7x | |
| 300857 Sharetronic Data Technology | CN¥56.75 | 2.3% +CN¥304.8m | 116.4% | PE48.2x | |
| 600601 Founder Technology GroupLtd | CN¥2.39 | 3.0% +CN¥291.9m | -13.1% | PE73.8x |
