Zhejiang Furun Digital Technology CO.,LTD (SHSE:600070) Looks Inexpensive After Falling 52% But Perhaps Not Attractive Enough
Mar 29
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Chinese (SSE) Telecom Sector Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies143
- 7D7.4%
- 3M4.0%
- 1Y11.6%
- YTD2.3%
Over the last 7 days, the Telecom industry has dropped 5.6%, driven by a pullback from China United Network Communications of 3.2%. In the past year, the industry has gained 9.4%. Looking forward, earnings are forecast to grow by 27% annually.
Sector Valuation and Performance
Has the Chinese Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | CN¥1.7t | CN¥899.7b | CN¥28.8b | 55.4x | 60x | 1.9x |
| Thu, 13 Mar 2025 | CN¥1.9t | CN¥899.8b | CN¥36.2b | 62.5x | 53.6x | 2.2x |
| Sat, 08 Feb 2025 | CN¥1.8t | CN¥899.8b | CN¥36.2b | 58x | 50x | 2x |
| Mon, 06 Jan 2025 | CN¥1.6t | CN¥899.8b | CN¥36.2b | 50.6x | 44.7x | 1.8x |
| Wed, 04 Dec 2024 | CN¥1.8t | CN¥899.7b | CN¥36.2b | 54.2x | 50.7x | 2x |
| Fri, 01 Nov 2024 | CN¥1.7t | CN¥902.3b | CN¥35.9b | 48.6x | 46.5x | 1.9x |
| Sun, 29 Sep 2024 | CN¥1.5t | CN¥899.4b | CN¥39.2b | 44x | 38.1x | 1.7x |
| Tue, 27 Aug 2024 | CN¥1.3t | CN¥900.4b | CN¥41.2b | 39.2x | 31.1x | 1.4x |
| Thu, 25 Jul 2024 | CN¥1.3t | CN¥897.9b | CN¥42.1b | 37.9x | 30.2x | 1.4x |
| Sat, 22 Jun 2024 | CN¥1.4t | CN¥897.7b | CN¥42.1b | 39.8x | 32.5x | 1.5x |
| Mon, 20 May 2024 | CN¥1.5t | CN¥897.4b | CN¥41.8b | 46.4x | 36.6x | 1.7x |
| Wed, 17 Apr 2024 | CN¥1.5t | CN¥885.5b | CN¥28.2b | 37.9x | 54.8x | 1.7x |
| Fri, 15 Mar 2024 | CN¥1.6t | CN¥880.8b | CN¥30.1b | 42.9x | 54.7x | 1.9x |
| Sun, 11 Feb 2024 | CN¥1.4t | CN¥879.0b | CN¥26.8b | 38.7x | 52.7x | 1.6x |
| Tue, 09 Jan 2024 | CN¥1.6t | CN¥880.9b | CN¥25.8b | 45x | 61.4x | 1.8x |
| Thu, 07 Dec 2023 | CN¥1.8t | CN¥880.6b | CN¥25.5b | 51.4x | 69.4x | 2x |
| Sat, 04 Nov 2023 | CN¥1.6t | CN¥882.7b | CN¥25.4b | 44.4x | 64.8x | 1.9x |
| Mon, 02 Oct 2023 | CN¥1.7t | CN¥864.7b | CN¥21.1b | 46.6x | 80.9x | 2x |
| Wed, 30 Aug 2023 | CN¥1.8t | CN¥859.5b | CN¥20.1b | 53.6x | 90.3x | 2.1x |
| Fri, 28 Jul 2023 | CN¥1.8t | CN¥844.6b | CN¥18.8b | 54.8x | 95.7x | 2.1x |
| Sun, 25 Jun 2023 | CN¥2.0t | CN¥845.2b | CN¥19.2b | 62x | 105.4x | 2.4x |
| Tue, 23 May 2023 | CN¥1.9t | CN¥848.0b | CN¥20.5b | 57x | 91.1x | 2.2x |
| Thu, 20 Apr 2023 | CN¥1.9t | CN¥857.0b | CN¥29.9b | 47.3x | 64.6x | 2.3x |
| Sat, 18 Mar 2023 | CN¥1.7t | CN¥844.7b | CN¥28.6b | 39.5x | 59.7x | 2x |
| Mon, 13 Feb 2023 | CN¥1.5t | CN¥837.4b | CN¥27.9b | 38.7x | 55.3x | 1.8x |
| Wed, 11 Jan 2023 | CN¥1.4t | CN¥828.0b | CN¥27.8b | 37.1x | 51.7x | 1.7x |
| Fri, 09 Dec 2022 | CN¥1.4t | CN¥828.0b | CN¥27.8b | 36.4x | 50.6x | 1.7x |
| Sun, 06 Nov 2022 | CN¥1.2t | CN¥828.6b | CN¥27.5b | 34.7x | 44.8x | 1.5x |
| Tue, 04 Oct 2022 | CN¥1.2t | CN¥826.0b | CN¥31.8b | 29x | 36.5x | 1.4x |
| Thu, 01 Sep 2022 | CN¥1.3t | CN¥831.8b | CN¥35.0b | 32.3x | 37.8x | 1.6x |
| Sat, 30 Jul 2022 | CN¥1.3t | CN¥830.3b | CN¥37.7b | 32x | 33.9x | 1.5x |
| Mon, 27 Jun 2022 | CN¥1.3t | CN¥828.0b | CN¥37.6b | 31.5x | 34.7x | 1.6x |
| Wed, 25 May 2022 | CN¥1.2t | CN¥828.7b | CN¥36.3b | 29.5x | 33.6x | 1.5x |
| Fri, 22 Apr 2022 | CN¥1.2t | CN¥826.8b | CN¥31.7b | 29x | 39.3x | 1.5x |
Price to Earnings Ratio
39.3x
Current Industry PE
- Investors are optimistic on the Chinese Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 59.3x which is higher than its 3-year average PE of 54.7x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 3.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.9% 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 Telecom sector?
| CN Market | 6.38% | |
| Telecom | 7.36% | |
| Interactive Media and Services | 10.26% | |
| Entertainment | 7.91% | |
| Media | 7.53% | |
| Wireless Telecom | 4.35% | |
| Telecom Services and Carriers | 2.09% | |
Industry PE
- Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 39.9%, which is higher than its past year's earnings decline of 7.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 002027 Focus Media Information Technology | CN¥7.13 | 8.5% +CN¥8.1b | 2.1% | PE19.8x | |
| 002602 Zhejiang Century Huatong GroupLtd | CN¥6.92 | 13.1% +CN¥5.9b | 65.9% | PE56.7x | |
| 601698 China Satellite Communications | CN¥19.76 | 6.4% +CN¥5.0b | 35.9% | PE183.7x | |
| 300251 Beijing Enlight Media | CN¥19.78 | 5.4% +CN¥3.0b | 107.3% | PE113x | |
| 002261 Talkweb Information SystemLtd | CN¥26.39 | 9.0% +CN¥2.8b | 106.0% | PS7.8x |
