Header cover image

Chinese (SSE) Utilities Sector Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D3.8%
  • 3M4.1%
  • 1Y19.4%
  • YTD24.7%

Over the last 7 days, the Utilities industry has risen 3.8%, driven by gains in China Three Gorges Renewables (Group)Ltd and China National Nuclear Power of 5.5% and 7.6%, respectively. Meanwhile, State Grid Information & Communication actually underperformed within the industry, shrinking 6.7% in the last week. This takes the industry's 12 month performance to a gain of 19%.

Sector Valuation and Performance

Has the Chinese Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sun, 05 Dec 2021CN¥2.3tCN¥1.2tCN¥95.9b25.5x
Tue, 02 Nov 2021CN¥2.4tCN¥1.1tCN¥100.8b24x
Thu, 30 Sep 2021CN¥2.6tCN¥1.1tCN¥116.0b24.1x
Sat, 28 Aug 2021CN¥2.1tCN¥1.1tCN¥116.1b21.6x
Sun, 04 Jul 2021CN¥2.1tCN¥1.1tCN¥115.3b19.5x
Wed, 07 Apr 2021CN¥2.0tCN¥1.1tCN¥111.5b20.7x
Sat, 09 Jan 2021CN¥1.7tCN¥999.0bCN¥102.9b20.1x
Fri, 02 Oct 2020CN¥1.6tCN¥988.6bCN¥99.9b19.1x
Mon, 06 Jul 2020CN¥1.5tCN¥978.6bCN¥89.2b18.5x
Thu, 09 Apr 2020CN¥1.5tCN¥987.3bCN¥81.9b17.9x
Wed, 01 Jan 2020CN¥1.6tCN¥997.6bCN¥89.0b19.5x
Sat, 05 Oct 2019CN¥1.5tCN¥957.1bCN¥95.4b17.8x
Tue, 09 Jul 2019CN¥1.6tCN¥915.6bCN¥92.2b18.7x
Mon, 01 Apr 2019CN¥1.6tCN¥849.5bCN¥88.2b23.7x
Thu, 03 Jan 2019CN¥1.4tCN¥814.3bCN¥84.5b19.8x
PE Ratio


Total Market Cap: CN¥1.4tTotal Earnings: CN¥84.5bTotal Revenue: CN¥814.3b0%0%0%3 Year10 Year

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 27.6x which is higher than its 3-year average PE of 20.0x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Utilities industry have grown 4.3% per year over the last three years, and revenues for these companies have grown 12% 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 Utilities sector?

Renewable Energy4.76%
Other Utilities2.39%
Electric Utilities1.23%
Water Utilities1.14%
Gas Utilities-0.17%

Industry PE: Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 30.3x. This is likely because analysts are expecting annual earnings growth of 10%, which is higher than its past year's earnings growth of 0.6% per year. Meanwhile, investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 23.2x.

Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 22% over the next 5 years. This is better than it's past earnings growth rate of 6.4% per year. Meanwhile, the Water Utilities industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

600905 China Three Gorges Renewables (Group)Ltd5.5%+CN¥10.3bn/aPE40.9x
601985 China National Nuclear Power7.6%+CN¥8.9b49.1%PE16.8x
600021 Shanghai Electric PowerLtd28.5%+CN¥6.9b59.4%PS1.1x
600025 Huaneng Lancang River Hydropower5.0%+CN¥5.4b38.5%PE21.2x
591 CECEP Solar EnergyLtd17.7%+CN¥5.2b139.6%PE28.1x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
Download on the App StoreGet it on Google Play
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News