Improved Earnings Required Before Huaneng Lancang River Hydropower Inc. (SHSE:600025) Shares Find Their Feet
Apr 25
Chinese (SSE) Renewable Energy Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies25
- 7D-1.5%
- 3M5.2%
- 1Y6.6%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 1.5%, driven by a pullback from China Yangtze Power of 1.0%. Meanwhile, Jiangsu New Energy Development actually outperformed within the industry, gaining 8.9% in the last week. Over the past 12 months, the industry was up 6.6%. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Chinese Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | CN¥1.2t | CN¥188.6b | CN¥56.7b | 18.6x | 21.4x | 6.4x |
| Sun, 24 Mar 2024 | CN¥1.2t | CN¥184.6b | CN¥55.8b | 22.3x | 21.4x | 6.5x |
| Tue, 20 Feb 2024 | CN¥1.2t | CN¥887.1b | CN¥302.3b | 18.8x | 3.9x | 1.3x |
| Thu, 18 Jan 2024 | CN¥1.1t | CN¥162.5b | CN¥49.7b | 21.8x | 22.3x | 6.8x |
| Sat, 16 Dec 2023 | CN¥1.1t | CN¥168.3b | CN¥51.2b | 23x | 21.7x | 6.6x |
| Mon, 13 Nov 2023 | CN¥1.1t | CN¥167.1b | CN¥50.6b | 22.5x | 21.4x | 6.5x |
| Wed, 11 Oct 2023 | CN¥1.1t | CN¥132.0b | CN¥37.9b | 25.7x | 28.7x | 8.2x |
| Fri, 08 Sep 2023 | CN¥1.1t | CN¥151.3b | CN¥44.0b | 24.5x | 24.2x | 7.1x |
| Sun, 06 Aug 2023 | CN¥1.1t | CN¥135.6b | CN¥41.8b | 24.2x | 26.1x | 8.1x |
| Tue, 04 Jul 2023 | CN¥1.1t | CN¥135.6b | CN¥41.9b | 26.3x | 26.7x | 8.2x |
| Thu, 01 Jun 2023 | CN¥1.1t | CN¥135.6b | CN¥41.9b | 25.2x | 27x | 8.3x |
| Sat, 29 Apr 2023 | CN¥1.1t | CN¥130.6b | CN¥41.0b | 28.4x | 26.7x | 8.4x |
| Mon, 27 Mar 2023 | CN¥1.0t | CN¥148.7b | CN¥46.2b | 23.9x | 22.7x | 7x |
| Wed, 22 Feb 2023 | CN¥1.1t | CN¥148.8b | CN¥46.2b | 24.4x | 23.1x | 7.2x |
| Fri, 20 Jan 2023 | CN¥1.0t | CN¥147.7b | CN¥49.9b | 25.7x | 20.2x | 6.8x |
| Sun, 18 Dec 2022 | CN¥1.0t | CN¥147.6b | CN¥49.6b | 25x | 20.3x | 6.8x |
| Tue, 15 Nov 2022 | CN¥989.0b | CN¥147.6b | CN¥49.6b | 26.5x | 19.9x | 6.7x |
| Thu, 13 Oct 2022 | CN¥1.1t | CN¥148.4b | CN¥52.6b | 26.1x | 20.4x | 7.3x |
| Sat, 10 Sep 2022 | CN¥1.1t | CN¥148.4b | CN¥52.6b | 29.6x | 21.7x | 7.7x |
| Mon, 08 Aug 2022 | CN¥1.1t | CN¥141.4b | CN¥49.6b | 30.8x | 22.5x | 7.9x |
| Wed, 06 Jul 2022 | CN¥1.1t | CN¥140.2b | CN¥48.2b | 30.7x | 23.5x | 8.1x |
| Fri, 03 Jun 2022 | CN¥1.1t | CN¥139.9b | CN¥48.2b | 28.3x | 22.8x | 7.9x |
| Sun, 01 May 2022 | CN¥1.0t | CN¥139.0b | CN¥47.8b | 25.2x | 21.1x | 7.3x |
| Tue, 29 Mar 2022 | CN¥1.0t | CN¥136.8b | CN¥46.1b | 31.1x | 22.1x | 7.5x |
| Thu, 24 Feb 2022 | CN¥1.1t | CN¥142.1b | CN¥45.6b | 34.5x | 24.5x | 7.9x |
| Sat, 22 Jan 2022 | CN¥1.1t | CN¥141.3b | CN¥44.8b | 33.1x | 25x | 7.9x |
| Mon, 20 Dec 2021 | CN¥1.2t | CN¥141.3b | CN¥44.8b | 38.1x | 26.2x | 8.3x |
| Wed, 17 Nov 2021 | CN¥1.1t | CN¥141.3b | CN¥44.8b | 32.6x | 23.6x | 7.5x |
| Fri, 15 Oct 2021 | CN¥1.1t | CN¥143.6b | CN¥46.9b | 37.6x | 22.5x | 7.4x |
| Sun, 12 Sep 2021 | CN¥1.0t | CN¥144.2b | CN¥47.1b | 35.1x | 22.1x | 7.2x |
| Tue, 10 Aug 2021 | CN¥936.0b | CN¥143.6b | CN¥46.9b | 27.5x | 19.9x | 6.5x |
| Mon, 03 May 2021 | CN¥736.7b | CN¥124.8b | CN¥40.5b | 24.2x | 18.2x | 5.9x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are relatively neutral on the Chinese Renewable Electricity 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 22.2x.
- The industry is trading close to its 3-year average PS ratio of 7.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Renewable Energy compare with similar industries?
| CN Market | -0.29% | |
| Utilities | -1.13% | |
| Renewable Energy | -1.50% | |
| Renewable Energy | -1.46% | |
| Independent Power Producers and Energy Traders | -1.56% | |
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 | |
|---|---|---|---|---|---|
| 603693 Jiangsu New Energy Development | CN¥11.19 | 8.6% +CN¥793.4m | -10.6% | PE18.3x | |
| 155 Sichuan New Energy Power | CN¥10.37 | 1.8% +CN¥265.7m | -29.2% | PE18.2x | |
| 600032 Zhejiang Provincial New Energy Investment Group | CN¥7.16 | 1.6% +CN¥264.5m | -36.6% | PE36.7x | |
| 722 Hunan Development Group | CN¥9.56 | 5.2% +CN¥218.2m | -13.9% | PE89.7x | |
| 601778 Jinko Power Technology | CN¥3.06 | 1.7% +CN¥174.8m | -34.3% | PE27.9x |
