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Chinese (SSE) Utilities Sector Analysis

UpdatedOct 22, 2024
DataAggregated Company Financials
Companies117
  • 7D-3.1%
  • 3M-5.0%
  • 1Y17.6%
  • YTD9.2%

Over the last 7 days, the Utilities industry has dropped 1.1%, driven by China Yangtze Power declining 4.7%. In contrast, Jilin Electric PowerLtd has gained 9.8%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Oct 2024CN¥2.8tCN¥1.6tCN¥155.7b18.4x17.9x1.8x
Thu, 19 Sep 2024CN¥2.6tCN¥1.6tCN¥155.4b16.6x16.8x1.7x
Sat, 17 Aug 2024CN¥2.9tCN¥1.6tCN¥148.3b17x19.3x1.8x
Mon, 15 Jul 2024CN¥2.9tCN¥1.6tCN¥148.2b17.7x19.9x1.9x
Wed, 12 Jun 2024CN¥2.9tCN¥1.6tCN¥148.0b18.8x19.8x1.9x
Fri, 10 May 2024CN¥2.8tCN¥1.6tCN¥147.8b19.2x18.6x1.7x
Sun, 07 Apr 2024CN¥2.7tCN¥1.6tCN¥136.2b19.3x19.5x1.7x
Tue, 05 Mar 2024CN¥2.6tCN¥1.5tCN¥133.3b17.7x19.6x1.7x
Thu, 01 Feb 2024CN¥2.5tCN¥2.2tCN¥371.3b17.5x6.7x1.1x
Sat, 30 Dec 2023CN¥2.5tCN¥1.5tCN¥126.7b21x19.4x1.6x
Mon, 27 Nov 2023CN¥2.4tCN¥1.5tCN¥126.1b20.2x19.1x1.6x
Wed, 25 Oct 2023CN¥2.3tCN¥1.5tCN¥104.8b19.8x22.3x1.6x
Fri, 22 Sep 2023CN¥2.4tCN¥1.5tCN¥104.2b20.7x23x1.6x
Sun, 20 Aug 2023CN¥2.5tCN¥1.5tCN¥99.6b21.6x24.7x1.7x
Tue, 18 Jul 2023CN¥2.5tCN¥1.5tCN¥99.6b24.2x25.5x1.7x
Thu, 15 Jun 2023CN¥2.5tCN¥1.5tCN¥99.3b23.3x24.9x1.7x
Sat, 13 May 2023CN¥2.6tCN¥1.5tCN¥99.3b23.3x25.9x1.7x
Mon, 10 Apr 2023CN¥2.4tCN¥1.5tCN¥91.6b22.1x25.8x1.6x
Wed, 08 Mar 2023CN¥2.4tCN¥1.4tCN¥83.5b23.4x28.7x1.7x
Fri, 03 Feb 2023CN¥2.3tCN¥1.4tCN¥85.7b22.9x27x1.6x
Sun, 01 Jan 2023CN¥2.2tCN¥1.4tCN¥82.8b22.2x27.1x1.6x
Tue, 29 Nov 2022CN¥2.3tCN¥1.4tCN¥83.0b23.1x27.9x1.7x
Thu, 27 Oct 2022CN¥2.3tCN¥1.3tCN¥78.3b23.1x29.1x1.7x
Sat, 24 Sep 2022CN¥2.3tCN¥1.3tCN¥72.9b23.4x31.8x1.7x
Mon, 22 Aug 2022CN¥2.4tCN¥1.3tCN¥73.1b24.2x33.3x1.9x
Wed, 20 Jul 2022CN¥2.4tCN¥1.3tCN¥72.6b24x32.9x1.8x
Fri, 17 Jun 2022CN¥2.3tCN¥1.3tCN¥72.4b22.5x31.9x1.8x
Sun, 15 May 2022CN¥2.2tCN¥1.3tCN¥72.9b20.7x30.5x1.7x
Tue, 12 Apr 2022CN¥2.2tCN¥1.2tCN¥91.2b23.2x24.1x1.9x
Thu, 10 Mar 2022CN¥2.3tCN¥1.2tCN¥95.1b24.5x24.6x2x
Sat, 05 Feb 2022CN¥2.3tCN¥1.2tCN¥96.0b22.8x23.7x1.9x
Mon, 03 Jan 2022CN¥2.5tCN¥1.2tCN¥96.0b26.9x26.5x2.2x
Wed, 01 Dec 2021CN¥2.3tCN¥1.2tCN¥95.9b25x24x2x
Fri, 29 Oct 2021CN¥2.4tCN¥1.1tCN¥110.7b21.6x21.7x2.1x
Price to Earnings Ratio

21.7x


Total Market Cap: CN¥2.4tTotal Earnings: CN¥110.7bTotal Revenue: CN¥1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Utilities Sector Price to Earnings3Y Average 24x202220232024
Current Industry PE
  • Investors are pessimistic on the Chinese Utilities 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 18.1x which is lower than its 3-year average PE of 24.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • 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?

CN Market1.20%
Utilities-3.13%
Electric Utilities0.90%
Other Utilities-0.89%
Water Utilities-1.54%
Gas Utilities-2.22%
Renewable Energy-3.59%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 23.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 6.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.5% 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
601985 China National Nuclear PowerCN¥10.631.8%
+CN¥3.6b
46.2%PE19.2x
600642 ShenergyCN¥8.505.2%
+CN¥2.1b
43.1%PE10.9x
600795 GD Power DevelopmentLtdCN¥5.222.2%
+CN¥2.0b
45.8%PE9.9x
600995 China Southern Power Grid Energy StorageCN¥10.305.2%
+CN¥1.6b
16.3%PE34.8x
600452 Chongqing Fuling Electric Power IndustrialCN¥11.159.6%
+CN¥1.5b
36.8%PE37x
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Latest News

000875

CN¥5.82

Jilin Electric PowerLtd

7D

-3.8%

1Y

29.9%

600726

CN¥2.22

Huadian Energy

7D

-3.9%

1Y

2.8%

000155

CN¥11.39

Sichuan New Energy Power

7D

4.3%

1Y

-0.7%

600642

CN¥8.50

Shenergy

7D

5.2%

1Y

43.1%

600905

CN¥4.56

China Three Gorges Renewables (Group)Ltd

7D

0.9%

1Y

-1.7%

600674

CN¥17.25

Sichuan Chuantou EnergyLtd

7D

-1.8%

1Y

18.6%

605368

CN¥12.71

Henan Lantian GasLtd

7D

-1.7%

1Y

30.0%

600995

CN¥10.30

China Southern Power Grid Energy Storage

7D

5.2%

1Y

16.3%