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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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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