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Chinese (SSE) Renewable Energy Industry Analysis

UpdatedJun 21, 2024
DataAggregated Company Financials
Companies57
  • 7D-2.4%
  • 3M10.3%
  • 1Y16.4%
  • YTD16.3%

Over the last 7 days, the Renewable Energy industry has dropped 2.4%, driven by a pullback from China Three Gorges Renewables (Group)Ltd of 7.9%. Over the past 12 months, the industry was up 16%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Jun 2024CN¥2.3tCN¥1.1tCN¥118.4b17.8x19.8x2.1x
Sun, 19 May 2024CN¥2.2tCN¥1.1tCN¥118.4b18.5x18.7x2x
Tue, 16 Apr 2024CN¥2.2tCN¥1.1tCN¥107.4b19.2x20.9x2.1x
Thu, 14 Mar 2024CN¥2.1tCN¥1.1tCN¥106.0b18.3x19.9x2x
Sat, 10 Feb 2024CN¥2.0tCN¥1.8tCN¥352.0b17.1x5.7x1.1x
Mon, 08 Jan 2024CN¥2.0tCN¥1.0tCN¥96.0b19.8x20.8x1.9x
Wed, 06 Dec 2023CN¥1.9tCN¥1.0tCN¥99.5b20.2x19.1x1.8x
Fri, 03 Nov 2023CN¥1.9tCN¥1.0tCN¥98.9b19.4x19x1.8x
Sun, 01 Oct 2023CN¥1.9tCN¥1.0tCN¥76.7b21x24.4x1.9x
Tue, 29 Aug 2023CN¥1.9tCN¥1.0tCN¥80.7b21.8x23.4x1.9x
Thu, 27 Jul 2023CN¥1.9tCN¥991.3bCN¥73.2b24x26.3x1.9x
Sat, 24 Jun 2023CN¥1.9tCN¥991.3bCN¥73.2b24.9x26.6x2x
Mon, 22 May 2023CN¥2.0tCN¥993.0bCN¥73.4b25.8x27.1x2x
Wed, 19 Apr 2023CN¥1.9tCN¥1.0tCN¥71.8b24.6x26.3x1.9x
Fri, 17 Mar 2023CN¥1.8tCN¥979.8bCN¥65.1b23.3x28.1x1.9x
Sun, 12 Feb 2023CN¥1.8tCN¥977.7bCN¥62.4b24x29.2x1.9x
Tue, 10 Jan 2023CN¥1.8tCN¥975.8bCN¥64.0b23.7x27.4x1.8x
Thu, 08 Dec 2022CN¥1.8tCN¥973.8bCN¥64.2b24.7x27.6x1.8x
Sat, 05 Nov 2022CN¥1.7tCN¥961.3bCN¥60.4b24.8x28.4x1.8x
Mon, 03 Oct 2022CN¥1.7tCN¥916.2bCN¥54.8b24.9x31.7x1.9x
Wed, 31 Aug 2022CN¥1.9tCN¥909.4bCN¥54.2b29.3x34.9x2.1x
Fri, 29 Jul 2022CN¥1.9tCN¥885.5bCN¥57.1b27.5x32.5x2.1x
Sun, 26 Jun 2022CN¥1.8tCN¥885.5bCN¥54.0b27.6x33.7x2.1x
Tue, 24 May 2022CN¥1.8tCN¥885.2bCN¥54.0b27.8x32.8x2x
Thu, 21 Apr 2022CN¥1.7tCN¥785.1bCN¥71.4b25.8x24.1x2.2x
Sat, 19 Mar 2022CN¥1.8tCN¥801.5bCN¥73.2b28.6x24.3x2.2x
Mon, 14 Feb 2022CN¥1.9tCN¥797.3bCN¥71.3b31.7x26.5x2.4x
Wed, 12 Jan 2022CN¥1.9tCN¥790.6bCN¥71.3b31.6x26.1x2.4x
Fri, 10 Dec 2021CN¥1.8tCN¥790.8bCN¥71.3b31x25.8x2.3x
Sun, 07 Nov 2021CN¥1.8tCN¥791.7bCN¥71.8b28.2x24.5x2.2x
Tue, 05 Oct 2021CN¥2.0tCN¥760.5bCN¥91.0b25.9x22.1x2.6x
Thu, 02 Sep 2021CN¥1.7tCN¥760.9bCN¥91.1b21.7x18.4x2.2x
Sat, 31 Jul 2021CN¥1.5tCN¥760.4bCN¥91.0b17.1x16.6x2x
Price to Earnings Ratio

17.8x


Total Market Cap: CN¥1.6tTotal Earnings: CN¥91.0bTotal Revenue: CN¥760.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Renewable Energy Industry Price to Earnings3Y Average 24.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Chinese Renewable Energy 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 19.7x which is lower than its 3-year average PE of 24.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 13% 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 industry?

CN Market-1.56%
Utilities-2.54%
Renewable Energy-2.41%
Independent Power Producers and Energy Traders-2.19%
Renewable Energy-2.58%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 22.4x.
    • Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 0.3% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 53.8x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
600236 Guangxi Guiguan Electric PowerCo.LtdCN¥7.441.2%
+CN¥709.4m
37.0%PE43.1x
600212 Gresgying Digital Energy TechnologyLtdCN¥6.2114.4%
+CN¥535.8m
-33.7%PE403.1x
1258 Xinjiang Lixin EnergyCN¥6.436.5%
+CN¥364.0m
-31.3%PE48.8x
601033 Grandtop Yongxing GroupLtdCN¥16.511.4%
+CN¥198.0m
n/aPE20.8x
600642 ShenergyCN¥9.070.1%
+CN¥48.9m
40.0%PE11.4x
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Latest News

1286

CN¥11.77

Shaanxi Energy Investment

7D

-3.6%

1Y

17.0%

601033

CN¥16.51

Grandtop Yongxing GroupLtd

7D

1.4%

1Y

n/a

539

CN¥5.28

Guangdong Electric Power Development

7D

-6.2%

1Y

-25.5%

600905

CN¥4.31

China Three Gorges Renewables (Group)Ltd

7D

-7.9%

1Y

-18.4%

600886

CN¥17.74

SDIC Power Holdings

7D

-3.3%

1Y

42.7%

600212

CN¥6.21

Gresgying Digital Energy TechnologyLtd

7D

14.4%

1Y

-33.7%

600795

CN¥5.83

GD Power DevelopmentLtd

7D

-2.3%

1Y

52.6%

600674

CN¥18.20

Sichuan Chuantou EnergyLtd

7D

-3.3%

1Y

22.6%