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
Sat, 09 May 2026	CN¥217.8b	CN¥104.3b	CN¥6.9b	46.3x	31.5x	2.1x
Mon, 06 Apr 2026	CN¥189.6b	CN¥102.5b	CN¥7.0b	43.3x	27x	1.8x
Wed, 04 Mar 2026	CN¥200.2b	CN¥102.2b	CN¥6.6b	50.2x	30.3x	2x
Fri, 30 Jan 2026	CN¥177.2b	CN¥102.1b	CN¥6.6b	44.8x	26.8x	1.7x
Sun, 28 Dec 2025	CN¥168.1b	CN¥102.1b	CN¥6.6b	40.8x	25.5x	1.6x
Tue, 25 Nov 2025	CN¥163.9b	CN¥102.1b	CN¥6.6b	41.6x	24.9x	1.6x
Thu, 23 Oct 2025	CN¥170.7b	CN¥102.1b	CN¥6.3b	66x	27.3x	1.7x
Sat, 20 Sep 2025	CN¥166.0b	CN¥102.9b	CN¥6.3b	43.7x	26.4x	1.6x
Mon, 18 Aug 2025	CN¥164.1b	CN¥104.1b	CN¥6.4b	38.2x	25.6x	1.6x
Wed, 16 Jul 2025	CN¥164.2b	CN¥104.2b	CN¥6.4b	32.6x	25.7x	1.6x
Fri, 13 Jun 2025	CN¥159.1b	CN¥104.2b	CN¥6.4b	30.4x	24.9x	1.5x
Sun, 11 May 2025	CN¥160.4b	CN¥105.7b	CN¥6.9b	29.9x	23.3x	1.5x
Tue, 08 Apr 2025	CN¥139.0b	CN¥103.3b	CN¥6.9b	26.3x	20.2x	1.3x
Thu, 06 Mar 2025	CN¥143.0b	CN¥104.7b	CN¥6.9b	23.5x	20.6x	1.4x
Sat, 01 Feb 2025	CN¥140.3b	CN¥104.7b	CN¥7.0b	22x	20.2x	1.3x
Mon, 30 Dec 2024	CN¥154.0b	CN¥104.7b	CN¥7.0b	23.7x	22.2x	1.5x
Wed, 27 Nov 2024	CN¥149.1b	CN¥104.7b	CN¥7.0b	23.4x	21.5x	1.4x
Fri, 25 Oct 2024	CN¥148.4b	CN¥106.3b	CN¥6.2b	32.8x	24x	1.4x
Sun, 22 Sep 2024	CN¥125.2b	CN¥106.2b	CN¥6.2b	26.8x	20.3x	1.2x
Tue, 20 Aug 2024	CN¥132.5b	CN¥108.4b	CN¥5.3b	26.9x	24.9x	1.2x
Thu, 18 Jul 2024	CN¥133.7b	CN¥108.6b	CN¥5.4b	24.4x	24.9x	1.2x
Sat, 15 Jun 2024	CN¥155.3b	CN¥108.5b	CN¥5.4b	30.4x	28.9x	1.4x
Mon, 13 May 2024	CN¥156.0b	CN¥109.1b	CN¥5.2b	31.5x	30.1x	1.4x
Wed, 10 Apr 2024	CN¥145.6b	CN¥111.1b	CN¥3.8b	30.1x	38.1x	1.3x
Fri, 08 Mar 2024	CN¥136.2b	CN¥111.0b	CN¥3.4b	26.2x	39.8x	1.2x
Sun, 04 Feb 2024	CN¥121.2b	CN¥111.0b	CN¥3.4b	24.5x	35.4x	1.1x
Tue, 02 Jan 2024	CN¥140.6b	CN¥111.0b	CN¥3.4b	30.1x	40.9x	1.3x
Thu, 30 Nov 2023	CN¥139.7b	CN¥111.0b	CN¥3.4b	28.5x	40.7x	1.3x
Sat, 28 Oct 2023	CN¥140.4b	CN¥113.8b	CN¥3.6b	27.4x	38.9x	1.2x
Mon, 25 Sep 2023	CN¥142.2b	CN¥115.9b	CN¥1.8b	30.6x	78x	1.2x
Wed, 23 Aug 2023	CN¥147.6b	CN¥114.5b	CN¥1.1b	34.8x	136.4x	1.3x
Fri, 21 Jul 2023	CN¥166.3b	CN¥114.6b	CN¥1.1b	45.2x	151.3x	1.5x
Sun, 18 Jun 2023	CN¥163.1b	CN¥115.2b	CN¥1.0b	43.1x	155.6x	1.4x
Tue, 16 May 2023	CN¥162.8b	CN¥115.2b	CN¥1.1b	34.7x	144x	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 31.5x which is lower than its 3-year average PE of 42.9x.

The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.1x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 83% per year over the last three years.
Meanwhile revenues for these companies have declined 3.3% 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	3.17%
Utilities	2.27%
Electric Utilities	6.06%
Electric Utilities	6.06%

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

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

Company	Last Price	7D	1Y	Valuation
600396 Huadian Liaoning Energy DevelopmentLtd	CN¥12.44	25.4% +CN¥3.7b	230.9%	PE451.8x
001896 Henan Yuneng HoldingsLtd	CN¥16.41	7.7% +CN¥1.8b	244.0%	PE64.1x
600995 China Southern Power Grid Energy Storage	CN¥14.87	3.4% +CN¥1.6b	52.0%	PE26.9x
002608 Jiangsu Guoxin	CN¥7.90	3.7% +CN¥1.1b	5.6%	PE8.8x
600452 Chongqing Fuling Electric Power Industrial	CN¥12.15	4.7% +CN¥829.7m	25.8%	PE43.2x

Company

Last Price

Valuation

600396 Huadian Liaoning Energy DevelopmentLtd

CN¥12.44

25.4%
+CN¥3.7b

230.9%

PE451.8x

001896 Henan Yuneng HoldingsLtd

CN¥16.41

7.7%
+CN¥1.8b

244.0%

PE64.1x

600995 China Southern Power Grid Energy Storage

CN¥14.87

3.4%
+CN¥1.6b

52.0%

PE26.9x

002608 Jiangsu Guoxin

CN¥7.90

3.7%
+CN¥1.1b

5.6%

PE8.8x

600452 Chongqing Fuling Electric Power Industrial

CN¥12.15

4.7%
+CN¥829.7m

25.8%

PE43.2x

New minor risk - Profit margin trend

The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin).

Chinese (SSE) Electric Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Profit margin trend

New major risk - Revenue and earnings growth

New minor risk - Profit margin trend

First quarter 2026 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 1Q 2025)

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

First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 1Q 2025)

Hangzhou Cogeneration Group Co., Ltd., Annual General Meeting, May 15, 2026

Investor sentiment improves as stock rises 30%

Full year 2025 earnings: EPS and revenues miss analyst expectations