We Think Zhejiang Zheneng Electric Power (SHSE:600023) Can Stay On Top Of Its Debt
Mar 25
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Chinese (SSE) Utilities Sector Analysis
UpdatedApr 17, 2025
DataAggregated Company Financials
Companies117
- 7D1.3%
- 3M3.0%
- 1Y0.4%
- YTD0.07%
In the last week, the Utilities industry is up 1.3%, with China National Nuclear Power leading the way, up 2.0%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 9.4% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 18 Apr 2025 | CN¥2.8t | CN¥1.6t | CN¥159.7b | 19.5x | 17.6x | 1.8x |
| Sun, 16 Mar 2025 | CN¥2.7t | CN¥1.6t | CN¥138.0b | 18.1x | 19.7x | 1.7x |
| Tue, 11 Feb 2025 | CN¥2.7t | CN¥1.6t | CN¥137.6b | 18.1x | 19.7x | 1.7x |
| Thu, 09 Jan 2025 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 17.4x | 19.8x | 1.7x |
| Sat, 07 Dec 2024 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 19.4x | 20.5x | 1.8x |
| Mon, 04 Nov 2024 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 18.1x | 20.3x | 1.8x |
| Wed, 02 Oct 2024 | CN¥3.0t | CN¥1.6t | CN¥155.3b | 19.4x | 19.2x | 1.9x |
| Fri, 30 Aug 2024 | CN¥2.8t | CN¥1.6t | CN¥153.6b | 17.1x | 18x | 1.8x |
| Sun, 28 Jul 2024 | CN¥2.9t | CN¥1.6t | CN¥148.2b | 16.9x | 19.8x | 1.9x |
| Tue, 25 Jun 2024 | CN¥2.9t | CN¥1.6t | CN¥148.0b | 17.6x | 19.4x | 1.8x |
| Thu, 23 May 2024 | CN¥2.8t | CN¥1.6t | CN¥148.1b | 19.1x | 18.9x | 1.8x |
| Sat, 20 Apr 2024 | CN¥2.7t | CN¥1.6t | CN¥138.3b | 19.3x | 19.8x | 1.8x |
| Mon, 18 Mar 2024 | CN¥2.6t | CN¥1.5t | CN¥134.1b | 18.4x | 19.6x | 1.7x |
| Wed, 14 Feb 2024 | CN¥2.5t | CN¥2.2t | CN¥379.6b | 17.4x | 6.6x | 1.1x |
| Fri, 12 Jan 2024 | CN¥2.5t | CN¥1.5t | CN¥126.1b | 19.8x | 19.7x | 1.6x |
| Sun, 10 Dec 2023 | CN¥2.4t | CN¥1.5t | CN¥126.9b | 20.3x | 19.2x | 1.6x |
| Tue, 07 Nov 2023 | CN¥2.4t | CN¥1.5t | CN¥118.7b | 19.8x | 20.1x | 1.6x |
| Thu, 05 Oct 2023 | CN¥2.4t | CN¥1.5t | CN¥104.2b | 20.7x | 22.9x | 1.6x |
| Sat, 02 Sep 2023 | CN¥2.4t | CN¥1.5t | CN¥111.2b | 20.3x | 21.6x | 1.6x |
| Mon, 31 Jul 2023 | CN¥2.5t | CN¥1.5t | CN¥99.7b | 23.8x | 24.9x | 1.7x |
| Wed, 28 Jun 2023 | CN¥2.5t | CN¥1.5t | CN¥99.4b | 24.1x | 25.5x | 1.7x |
| Fri, 26 May 2023 | CN¥2.5t | CN¥1.5t | CN¥99.4b | 24.3x | 25.6x | 1.7x |
| Sun, 23 Apr 2023 | CN¥2.4t | CN¥1.5t | CN¥94.6b | 23x | 25.3x | 1.6x |
| Tue, 21 Mar 2023 | CN¥2.3t | CN¥1.4t | CN¥86.0b | 23.2x | 27.2x | 1.6x |
| Thu, 16 Feb 2023 | CN¥2.4t | CN¥1.4t | CN¥81.2b | 23.9x | 29x | 1.7x |
| Sat, 14 Jan 2023 | CN¥2.3t | CN¥1.4t | CN¥82.8b | 22.8x | 27.3x | 1.6x |
| Mon, 12 Dec 2022 | CN¥2.3t | CN¥1.4t | CN¥83.9b | 22.6x | 27.2x | 1.6x |
| Wed, 09 Nov 2022 | CN¥2.2t | CN¥1.4t | CN¥83.2b | 22.6x | 26.7x | 1.6x |
| Fri, 07 Oct 2022 | CN¥2.2t | CN¥1.3t | CN¥72.9b | 23x | 30.6x | 1.7x |
| Sun, 04 Sep 2022 | CN¥2.4t | CN¥1.3t | CN¥70.6b | 23.7x | 33.7x | 1.8x |
| Tue, 02 Aug 2022 | CN¥2.4t | CN¥1.3t | CN¥73.4b | 23.9x | 32.2x | 1.8x |
| Thu, 30 Jun 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 21.7x | 31.9x | 1.8x |
| Sat, 28 May 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 21.5x | 31.4x | 1.8x |
| Mon, 25 Apr 2022 | CN¥2.2t | CN¥1.2t | CN¥89.7b | 22.8x | 24.3x | 1.9x |
Price to Earnings Ratio
24.3x
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 17.6x which is lower than its 3-year average PE of 23.2x.
- 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 21% per year over the last three years.
- Revenues for these companies have grown 10% 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 | 2.71% | |
| Utilities | 1.33% | |
| Other Utilities | 8.05% | |
| Electric Utilities | 4.74% | |
| Water Utilities | 2.01% | |
| Renewable Energy | 1.07% | |
| Gas Utilities | 0.83% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 24.7x.
- 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 below its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 3.9% 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 | |
|---|---|---|---|---|---|
| 600795 GD Power DevelopmentLtd | CN¥4.66 | 4.7% +CN¥3.7b | -7.0% | PE8.5x | |
| 601985 China National Nuclear Power | CN¥9.45 | 1.9% +CN¥3.4b | -0.2% | PE17.4x | |
| 600644 Leshan Electric PowerLtd | CN¥10.27 | 41.3% +CN¥1.6b | 78.0% | PE257.7x | |
| 600023 Zhejiang Zheneng Electric Power | CN¥5.69 | 2.0% +CN¥1.5b | -11.4% | PE10.5x | |
| 000600 Jointo Energy Investment Hebei | CN¥6.56 | 13.5% +CN¥1.4b | -3.8% | PE22.3x |