Investors Still Aren't Entirely Convinced By Jiangxi Ganneng Co., Ltd.'s (SZSE:000899) Revenues Despite 26% Price Jump
Apr 17
Chinese (SSE) Independent Power Producers and Energy Traders Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies31
- 7D1.8%
- 3M20.5%
- 1Y20.2%
- YTDn/a
Last week, the Independent Power Producers and Energy Traders industry hasn't moved much but SDIC Power Holdings is up 4.7% in that time. As for the the longer term, the industry is up 18% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Chinese Independent Power Producers and Energy Traders Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | CN¥1.0t | CN¥881.9b | CN¥52.3b | 18.4x | 19.2x | 1.1x |
| Sat, 16 Mar 2024 | CN¥925.2b | CN¥884.0b | CN¥50.1b | 15.7x | 18.5x | 1x |
| Mon, 12 Feb 2024 | CN¥858.4b | CN¥883.8b | CN¥49.7b | 15.4x | 17.3x | 1x |
| Wed, 10 Jan 2024 | CN¥853.3b | CN¥864.1b | CN¥46.3b | 16.6x | 18.4x | 1x |
| Fri, 08 Dec 2023 | CN¥801.3b | CN¥871.2b | CN¥48.1b | 17.4x | 16.7x | 0.9x |
| Sun, 05 Nov 2023 | CN¥798.0b | CN¥870.1b | CN¥48.1b | 16.5x | 16.6x | 0.9x |
| Tue, 03 Oct 2023 | CN¥798.7b | CN¥873.4b | CN¥38.8b | 18.9x | 20.6x | 0.9x |
| Thu, 31 Aug 2023 | CN¥802.2b | CN¥869.7b | CN¥36.0b | 19.9x | 22.3x | 0.9x |
| Sat, 29 Jul 2023 | CN¥846.5b | CN¥855.6b | CN¥31.4b | 22.3x | 27x | 1x |
| Mon, 26 Jun 2023 | CN¥840.7b | CN¥855.7b | CN¥31.4b | 22.4x | 26.8x | 1x |
| Wed, 24 May 2023 | CN¥860.9b | CN¥857.0b | CN¥31.5b | 26x | 27.3x | 1x |
| Fri, 21 Apr 2023 | CN¥815.7b | CN¥850.4b | CN¥24.8b | 22x | 32.9x | 1x |
| Sun, 19 Mar 2023 | CN¥771.9b | CN¥831.0b | CN¥18.9b | 22.5x | 40.8x | 0.9x |
| Tue, 14 Feb 2023 | CN¥751.3b | CN¥828.7b | CN¥16.2b | 22x | 46.3x | 0.9x |
| Thu, 12 Jan 2023 | CN¥725.0b | CN¥828.4b | CN¥14.3b | 22.4x | 50.5x | 0.9x |
| Sat, 10 Dec 2022 | CN¥738.0b | CN¥826.5b | CN¥14.5b | 23.8x | 50.8x | 0.9x |
| Mon, 07 Nov 2022 | CN¥720.8b | CN¥819.6b | CN¥13.6b | 23.5x | 52.9x | 0.9x |
| Wed, 05 Oct 2022 | CN¥691.0b | CN¥767.9b | CN¥2.2b | 25.3x | 320.1x | 0.9x |
| Fri, 02 Sep 2022 | CN¥743.8b | CN¥770.4b | CN¥3.6b | 27.8x | 204.3x | 1x |
| Sun, 31 Jul 2022 | CN¥736.1b | CN¥747.3b | CN¥5.6b | 26.3x | 130.6x | 1x |
| Tue, 28 Jun 2022 | CN¥729.6b | CN¥745.3b | CN¥5.8b | 24.4x | 125.6x | 1x |
| Thu, 26 May 2022 | CN¥716.4b | CN¥745.6b | CN¥5.8b | 24.2x | 123.8x | 1x |
| Sat, 23 Apr 2022 | CN¥687.0b | CN¥649.4b | CN¥23.9b | 19.4x | 28.8x | 1.1x |
| Mon, 21 Mar 2022 | CN¥713.5b | CN¥657.3b | CN¥26.3b | 22.2x | 27.1x | 1.1x |
| Wed, 16 Feb 2022 | CN¥720.6b | CN¥655.3b | CN¥25.8b | 25.6x | 27.9x | 1.1x |
| Fri, 14 Jan 2022 | CN¥736.7b | CN¥649.4b | CN¥26.5b | 26x | 27.8x | 1.1x |
| Sun, 12 Dec 2021 | CN¥749.3b | CN¥649.4b | CN¥26.5b | 26.8x | 28.3x | 1.2x |
| Tue, 09 Nov 2021 | CN¥672.2b | CN¥649.1b | CN¥26.5b | 21.2x | 25.4x | 1x |
| Thu, 07 Oct 2021 | CN¥823.0b | CN¥616.9b | CN¥44.0b | 17.8x | 18.7x | 1.3x |
| Sat, 04 Sep 2021 | CN¥678.1b | CN¥616.7b | CN¥44.0b | 16.8x | 15.4x | 1.1x |
| Mon, 02 Aug 2021 | CN¥607.7b | CN¥616.7b | CN¥44.0b | 15.9x | 13.8x | 1x |
| Thu, 06 May 2021 | CN¥612.4b | CN¥594.5b | CN¥49.2b | 13.6x | 12.4x | 1x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are pessimistic on the Chinese Independent Power Producers and Energy Traders 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 19.4x which is lower than its 3-year average PE of 53.7x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 Comparison
How does Chinese Independent Power Producers and Energy Traders compare with similar industries?
| CN Market | -0.20% | |
| Utilities | 0.89% | |
| Renewable Energy | 1.43% | |
| Independent Power Producers and Energy Traders | 1.83% | |
| Renewable Energy | 1.10% | |
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 | |
|---|---|---|---|---|---|
| 600886 SDIC Power Holdings | CN¥15.84 | 1.5% +CN¥1.7b | 40.1% | PE19.7x | |
| 883 Hubei Energy Group | CN¥5.89 | 4.2% +CN¥1.6b | 37.0% | PE21.2x | |
| 601985 China National Nuclear Power | CN¥9.47 | 0.9% +CN¥1.5b | 39.1% | PE17.4x | |
| 899 Jiangxi Ganneng | CN¥9.79 | 15.9% +CN¥1.3b | 17.1% | PE19.5x | |
| 600236 Guangxi Guiguan Electric PowerCo.Ltd | CN¥6.20 | 1.5% +CN¥709.4m | 11.1% | PE43.3x |
