Chinese (SSE) Electric Utilities Industry Analysis

Industry Valuation and Performance

Has the Chinese Electric Utilities Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 31 May 2026	CN¥241.5b	CN¥104.5b	CN¥7.1b	48.1x	34.1x	2.3x
Tue, 28 Apr 2026	CN¥207.9b	CN¥104.1b	CN¥7.4b	44.8x	28.2x	2x
Thu, 26 Mar 2026	CN¥223.2b	CN¥102.2b	CN¥6.6b	50.6x	33.8x	2.2x
Sat, 21 Feb 2026	CN¥180.1b	CN¥102.2b	CN¥6.6b	46x	27.3x	1.8x
Mon, 19 Jan 2026	CN¥175.7b	CN¥102.1b	CN¥6.6b	42.4x	26.6x	1.7x
Wed, 17 Dec 2025	CN¥164.8b	CN¥102.1b	CN¥6.6b	40.2x	25x	1.6x
Fri, 14 Nov 2025	CN¥178.3b	CN¥102.1b	CN¥6.6b	44.4x	27.1x	1.7x
Sun, 12 Oct 2025	CN¥174.5b	CN¥102.4b	CN¥6.4b	48.7x	27.4x	1.7x
Tue, 09 Sep 2025	CN¥166.9b	CN¥102.9b	CN¥6.3b	42.4x	26.7x	1.6x
Thu, 07 Aug 2025	CN¥161.7b	CN¥104.5b	CN¥6.5b	32.3x	25x	1.5x
Sat, 05 Jul 2025	CN¥162.1b	CN¥104.2b	CN¥6.4b	31.5x	25.4x	1.6x
Mon, 02 Jun 2025	CN¥159.8b	CN¥104.2b	CN¥6.4b	31.1x	25x	1.5x
Wed, 30 Apr 2025	CN¥160.1b	CN¥106.1b	CN¥7.2b	30x	22.4x	1.5x
Fri, 28 Mar 2025	CN¥153.8b	CN¥104.2b	CN¥7.2b	25.4x	21.3x	1.5x
Sun, 23 Feb 2025	CN¥143.2b	CN¥104.7b	CN¥6.9b	23.1x	20.6x	1.4x
Tue, 21 Jan 2025	CN¥140.5b	CN¥104.7b	CN¥7.0b	22x	20.2x	1.3x
Thu, 19 Dec 2024	CN¥157.1b	CN¥104.7b	CN¥7.0b	23.9x	22.6x	1.5x
Sat, 16 Nov 2024	CN¥149.8b	CN¥104.7b	CN¥7.0b	23.6x	21.5x	1.4x
Mon, 14 Oct 2024	CN¥140.4b	CN¥106.2b	CN¥6.2b	30x	22.8x	1.3x
Wed, 11 Sep 2024	CN¥125.3b	CN¥106.1b	CN¥6.1b	26.9x	20.4x	1.2x
Fri, 09 Aug 2024	CN¥135.3b	CN¥108.5b	CN¥5.3b	29.5x	25.3x	1.2x
Sun, 07 Jul 2024	CN¥138.8b	CN¥108.5b	CN¥5.4b	26.1x	25.8x	1.3x
Tue, 04 Jun 2024	CN¥153.2b	CN¥108.5b	CN¥5.4b	31x	28.5x	1.4x
Thu, 02 May 2024	CN¥144.4b	CN¥109.1b	CN¥5.2b	29x	27.8x	1.3x
Sat, 30 Mar 2024	CN¥139.9b	CN¥111.4b	CN¥4.0b	26.1x	35.2x	1.3x
Mon, 26 Feb 2024	CN¥133.2b	CN¥111.0b	CN¥3.4b	25.9x	38.9x	1.2x
Wed, 24 Jan 2024	CN¥124.5b	CN¥111.0b	CN¥3.4b	24.8x	36.4x	1.1x
Fri, 22 Dec 2023	CN¥144.3b	CN¥111.0b	CN¥3.4b	30.7x	42x	1.3x
Sun, 19 Nov 2023	CN¥139.2b	CN¥111.0b	CN¥3.4b	28.4x	40.5x	1.3x
Tue, 17 Oct 2023	CN¥137.2b	CN¥115.8b	CN¥1.8b	28.9x	75.3x	1.2x
Thu, 14 Sep 2023	CN¥146.3b	CN¥115.9b	CN¥1.8b	30.9x	80.3x	1.3x
Sat, 12 Aug 2023	CN¥155.5b	CN¥114.6b	CN¥960.5m	41x	161.8x	1.4x
Mon, 10 Jul 2023	CN¥174.4b	CN¥114.5b	CN¥1.1b	44x	159.4x	1.5x
Wed, 07 Jun 2023	CN¥162.8b	CN¥115.2b	CN¥1.0b	40.2x	155.4x	1.4x

Current Industry PE

Investors are pessimistic on the Chinese Electric 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 34.1x which is lower than its 3-year average PE of 40.6x.

The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.3x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 89% per year over the last three years.
Meanwhile revenues for these companies have declined 3.2% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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


CN Market	-1.83%
Utilities	7.47%
Electric Utilities	11.24%
Electric Utilities	11.24%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
600396 Huadian Liaoning Energy DevelopmentLtd	CN¥20.03	37.6% +CN¥8.1b	548.2%	PE727.5x
002608 Jiangsu Guoxin	CN¥9.20	14.7% +CN¥4.5b	21.5%	PE10.3x
600995 China Southern Power Grid Energy Storage	CN¥15.62	9.6% +CN¥4.4b	54.2%	PE28.2x
600452 Chongqing Fuling Electric Power Industrial	CN¥13.79	8.8% +CN¥1.7b	42.8%	PE49.1x
600310 Guangxi Energy	CN¥5.98	17.3% +CN¥1.3b	42.0%	PS2.3x

Company

Last Price

Valuation

600396 Huadian Liaoning Energy DevelopmentLtd

CN¥20.03

37.6%
+CN¥8.1b

548.2%

PE727.5x

002608 Jiangsu Guoxin

CN¥9.20

14.7%
+CN¥4.5b

21.5%

PE10.3x

600995 China Southern Power Grid Energy Storage

CN¥15.62

9.6%
+CN¥4.4b

54.2%

PE28.2x

600452 Chongqing Fuling Electric Power Industrial

CN¥13.79

8.8%
+CN¥1.7b

42.8%

PE49.1x

600310 Guangxi Energy

CN¥5.98

17.3%
+CN¥1.3b

42.0%

PS2.3x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (140% cash payout ratio).

Chinese (SSE) Electric Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 16%

Dividend of CN¥0.12 announced

Investor sentiment deteriorates as stock falls 16%

New major risk - Shareholder dilution

New major risk - Revenue and earnings growth

New minor risk - Profit margin trend

New major risk - Revenue and earnings growth

First quarter 2026 earnings released: CN¥0.023 loss per share (vs CN¥0.14 loss in 1Q 2025)

Full year 2025 earnings: EPS and revenues miss analyst expectations