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Chinese (SSE) Utilities Sector Analysis

UpdatedSep 26, 2023
DataAggregated Company Financials
Companies113
  • 7D-1.2%
  • 3M-5.3%
  • 1Y-1.0%
  • YTD-0.2%

Over the last 7 days, the Utilities industry has dropped 1.2%, driven by China Three Gorges Renewables (Group)Ltd declining 1.7%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Sep 2023CN¥2.4tCN¥1.5tCN¥104.2b20.7x23x1.6x
Thu, 24 Aug 2023CN¥2.4tCN¥1.5tCN¥99.4b21.4x24.4x1.6x
Sat, 22 Jul 2023CN¥2.5tCN¥1.5tCN¥99.7b23.5x24.9x1.7x
Mon, 19 Jun 2023CN¥2.5tCN¥1.5tCN¥99.3b23x25x1.7x
Wed, 17 May 2023CN¥2.6tCN¥1.5tCN¥99.5b23.3x25.8x1.7x
Fri, 14 Apr 2023CN¥2.4tCN¥1.5tCN¥92.1b23.1x26.1x1.6x
Sun, 12 Mar 2023CN¥2.3tCN¥1.4tCN¥83.4b22.8x28x1.6x
Tue, 07 Feb 2023CN¥2.3tCN¥1.9tCN¥274.1b23x8.4x1.2x
Thu, 05 Jan 2023CN¥2.3tCN¥1.4tCN¥82.8b23x27.4x1.6x
Sat, 03 Dec 2022CN¥2.3tCN¥1.4tCN¥84.0b23.3x27.7x1.7x
Mon, 31 Oct 2022CN¥2.2tCN¥1.4tCN¥83.6b21.4x25.9x1.5x
Wed, 28 Sep 2022CN¥2.3tCN¥1.3tCN¥72.9b23.3x31.3x1.7x
Fri, 26 Aug 2022CN¥2.4tCN¥1.3tCN¥72.8b26.6x33.6x1.9x
Sun, 24 Jul 2022CN¥2.4tCN¥1.3tCN¥74.0b23.6x32.2x1.8x
Tue, 21 Jun 2022CN¥2.3tCN¥1.3tCN¥72.4b22.8x32.1x1.8x
Thu, 19 May 2022CN¥2.2tCN¥1.3tCN¥72.7b20.5x30.3x1.7x
Sat, 16 Apr 2022CN¥2.2tCN¥1.2tCN¥92.0b22.9x23.8x1.9x
Mon, 14 Mar 2022CN¥2.4tCN¥1.2tCN¥96.0b23.9x24.6x2x
Wed, 09 Feb 2022CN¥2.4tCN¥1.2tCN¥96.0b23.9x25x2.1x
Fri, 07 Jan 2022CN¥2.5tCN¥1.2tCN¥96.0bn/a25.7x2.1x
Sun, 05 Dec 2021CN¥2.4tCN¥1.2tCN¥95.9b27.6x24.7x2.1x
Tue, 02 Nov 2021CN¥2.4tCN¥1.1tCN¥100.8b24x23.9x2.1x
Thu, 30 Sep 2021CN¥2.6tCN¥1.1tCN¥116.0b24.1x22x2.3x
Sat, 28 Aug 2021CN¥2.1tCN¥1.1tCN¥116.1b21.6x18.4x1.9x
Sun, 04 Jul 2021CN¥2.1tCN¥1.1tCN¥115.3b19.5x18.2x1.9x
Wed, 07 Apr 2021CN¥2.0tCN¥1.1tCN¥111.5b20.7x17.9x1.9x
Sat, 09 Jan 2021CN¥1.7tCN¥999.0bCN¥102.9b20.1x16.6x1.7x
Fri, 02 Oct 2020CN¥1.6tCN¥988.6bCN¥99.9b19.1x16.4x1.7x
Price to Earnings Ratio

16.4x


Total Market Cap: CN¥1.6tTotal Earnings: CN¥99.9bTotal Revenue: CN¥988.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Utilities Sector Price to Earnings3Y Average 23.6x202120222023
Current Industry PE
  • Investors are relatively neutral on the Chinese Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Chinese Utilities sector?

CN Market-0.76%
Utilities-1.17%
Water Utilities-0.99%
Renewable Energy-1.00%
Gas Utilities-1.35%
Other Utilities-2.92%
Electric Utilities-3.34%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 62.2x.
    • Analysts are expecting annual earnings growth of 29.9%, which is higher than its past year's earnings decline of 27.0% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 17.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 13% 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
600780 Top Energy CompanyShanxiCN¥9.2410.4%
+CN¥997.5m
62.4%PE13.4x
600483 Fujian FunengCN¥8.590.8%
+CN¥177.9m
0.5%PE9.2x
600863 Inner Mongolia MengDian HuaNeng Thermal PowerCN¥3.510.3%
+CN¥65.3m
-9.3%PE11.9x
900957 Shanghai Lingyun Industries DevelopmentUS$0.396.9%
+US$8.7m
-33.7%PE26.2x
603706 Xinjiang East Universe GasLtdCN¥15.901.8%
+CN¥53.0m
5.5%PE19.7x
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Latest News

600803

CN¥16.81

ENN Natural GasLtd

7D

-2.5%

1Y

-9.1%

600483

CN¥8.52

Fujian Funeng

7D

1.2%

1Y

0.3%

600995

CN¥9.38

China Southern Power Grid Energy Storage

7D

-4.6%

1Y

-42.8%

600905

CN¥4.74

China Three Gorges Renewables (Group)Ltd

7D

-1.7%

1Y

-13.0%

600900

CN¥22.49

China Yangtze Power

7D

0.4%

1Y

-2.4%

601985

CN¥7.32

China National Nuclear Power

7D

-1.1%

1Y

22.6%

600886

CN¥11.99

SDIC Power Holdings

7D

-1.2%

1Y

10.2%

600780

CN¥9.01

Top Energy CompanyShanxi

7D

6.4%

1Y

58.9%

899

CN¥8.19

Jiangxi Ganneng

7D

1.7%

1Y

-9.7%

591

CN¥5.71

CECEP Solar EnergyLtd

7D

-5.3%

1Y

-17.7%

603706

CN¥15.86

Xinjiang East Universe GasLtd

7D

2.5%

1Y

6.0%

600864

CN¥5.92

Harbin Hatou InvestmentLtd

7D

4.2%

1Y

27.3%

601827

CN¥7.55

Chongqing Sanfeng Environment Group

7D

1.3%

1Y

15.8%

600157

CN¥1.39

Wintime Energy GroupLtd

7D

-4.1%

1Y

-13.7%

1286

CN¥9.00

Shaanxi Energy Investment

7D

-3.6%

1Y

n/a