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Chinese (SSE) Utilities Sector Analysis
UpdatedMay 20, 2026
DataAggregated Company Financials
Companies119
- 7D1.6%
- 3M13.8%
- 1Y11.7%
- YTD13.2%
Over the last 7 days, the Utilities industry has risen 1.6%, driven by gains from Beijing Jingneng Power of 28%. In the same time, Huadian New Energy Group was down 8.6%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Sector Valuation and Performance
Has the Chinese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | CN¥3.6t | CN¥1.7t | CN¥167.0b | 27.9x | 21.8x | 2.2x |
| Sat, 18 Apr 2026 | CN¥3.4t | CN¥1.7t | CN¥171.3b | 24.8x | 19.8x | 2x |
| Mon, 16 Mar 2026 | CN¥3.6t | CN¥1.7t | CN¥170.9b | 28.1x | 21.2x | 2.1x |
| Wed, 11 Feb 2026 | CN¥3.2t | CN¥1.7t | CN¥171.1b | 24.5x | 19x | 1.9x |
| Fri, 09 Jan 2026 | CN¥3.3t | CN¥1.7t | CN¥169.1b | 23.8x | 19.3x | 1.9x |
| Sun, 07 Dec 2025 | CN¥3.3t | CN¥1.7t | CN¥169.1b | 23.5x | 19.5x | 2x |
| Tue, 04 Nov 2025 | CN¥3.4t | CN¥1.7t | CN¥192.3b | 23.6x | 17.5x | 2x |
| Thu, 02 Oct 2025 | CN¥3.2t | CN¥1.7t | CN¥170.2b | 24.1x | 18.7x | 1.9x |
| Sat, 30 Aug 2025 | CN¥3.1t | CN¥1.6t | CN¥165.2b | 23.2x | 18.9x | 2x |
| Mon, 28 Jul 2025 | CN¥3.2t | CN¥1.6t | CN¥169.5b | 21.7x | 18.7x | 2x |
| Wed, 25 Jun 2025 | CN¥2.9t | CN¥1.6t | CN¥160.5b | 21.7x | 17.9x | 1.8x |
| Fri, 23 May 2025 | CN¥2.9t | CN¥1.6t | CN¥160.3b | 22x | 18.3x | 1.9x |
| Sun, 20 Apr 2025 | CN¥2.8t | CN¥1.6t | CN¥161.8b | 19.4x | 17.2x | 1.8x |
| Tue, 18 Mar 2025 | CN¥2.7t | CN¥1.6t | CN¥138.0b | 18.9x | 19.7x | 1.7x |
| Thu, 13 Feb 2025 | CN¥2.7t | CN¥1.6t | CN¥137.6b | 18.2x | 19.7x | 1.7x |
| Sat, 11 Jan 2025 | CN¥2.7t | CN¥1.6t | CN¥138.8b | 17x | 19.3x | 1.7x |
| Mon, 09 Dec 2024 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 19.4x | 20.5x | 1.8x |
| Wed, 06 Nov 2024 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 18.4x | 20.5x | 1.8x |
| Fri, 04 Oct 2024 | CN¥3.0t | CN¥1.6t | CN¥155.3b | 19.4x | 19.2x | 1.9x |
| Sun, 01 Sep 2024 | CN¥2.8t | CN¥1.6t | CN¥155.1b | 17.2x | 17.8x | 1.8x |
| Tue, 30 Jul 2024 | CN¥2.9t | CN¥1.6t | CN¥148.2b | 16.8x | 19.9x | 1.9x |
| Thu, 27 Jun 2024 | CN¥2.9t | CN¥1.6t | CN¥148.0b | 17.7x | 19.3x | 1.8x |
| Sat, 25 May 2024 | CN¥2.8t | CN¥1.6t | CN¥148.1b | 19.3x | 19x | 1.8x |
| Mon, 22 Apr 2024 | CN¥2.7t | CN¥1.6t | CN¥137.6b | 18.8x | 19.9x | 1.8x |
| Wed, 20 Mar 2024 | CN¥2.6t | CN¥1.5t | CN¥134.1b | 18.4x | 19.6x | 1.7x |
| Fri, 16 Feb 2024 | CN¥2.5t | CN¥2.2t | CN¥379.6b | 17.4x | 6.6x | 1.1x |
| Sun, 14 Jan 2024 | CN¥2.5t | CN¥1.5t | CN¥126.1b | 20.1x | 19.9x | 1.6x |
| Tue, 12 Dec 2023 | CN¥2.5t | CN¥1.5t | CN¥126.9b | 20.5x | 19.3x | 1.6x |
| Thu, 09 Nov 2023 | CN¥2.4t | CN¥1.5t | CN¥126.1b | 19.6x | 18.9x | 1.6x |
| Sat, 07 Oct 2023 | CN¥2.4t | CN¥1.5t | CN¥104.2b | 20.7x | 22.9x | 1.6x |
| Mon, 04 Sep 2023 | CN¥2.4t | CN¥1.5t | CN¥110.3b | 20.8x | 21.7x | 1.6x |
| Wed, 02 Aug 2023 | CN¥2.5t | CN¥1.5t | CN¥99.7b | 24.2x | 25.4x | 1.7x |
| Fri, 30 Jun 2023 | CN¥2.5t | CN¥1.5t | CN¥99.4b | 24.1x | 25.6x | 1.7x |
| Sun, 28 May 2023 | CN¥2.6t | CN¥1.5t | CN¥99.3b | 25x | 26x | 1.8x |
Price to Earnings Ratio
26x
Current Industry PE
- Investors are optimistic on the Chinese Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.8x which is higher than its 3-year average PE of 19.6x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 4.7% 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 Market | -1.09% | |
| Utilities | 1.57% | |
| Gas Utilities | 2.52% | |
| Electric Utilities | 2.35% | |
| Renewable Energy | 1.67% | |
| Water Utilities | -0.96% | |
| Other Utilities | -4.03% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 32.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 16.4x.
Forecasted Growth
- Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 0.7% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| 600578 Beijing Jingneng Power | CN¥7.44 | 28.5% +CN¥11.0b | 67.6% | PE14x | |
| 600863 Inner Mongolia MengDian HuaNeng Thermal Power | CN¥5.38 | 8.7% +CN¥3.4b | 31.9% | PE19.1x | |
| 000685 Zhongshan Public Utilities GroupLtd | CN¥12.48 | 9.0% +CN¥1.5b | 44.4% | PE8.5x | |
| 600021 Shanghai Electric Power | CN¥18.68 | 2.5% +CN¥1.3b | 103.5% | PE25.1x | |
| 600483 Fujian Funeng | CN¥10.75 | 3.3% +CN¥945.2m | 10.1% | PE10.5x |