Revenues Working Against Zhejiang Zheneng Electric Power Co., Ltd.'s (SHSE:600023) Share Price
Jun 13
Chinese (SSE) Renewable Energy Industry Analysis
UpdatedJul 03, 2024
DataAggregated Company Financials
Companies57
- 7D4.6%
- 3M13.9%
- 1Y19.8%
- YTD21.5%
The Renewable Energy industry is up 4.6% in the last week, with China Yangtze Power up 2.3%. This takes the industry's 12 month performance to a gain of 20%. 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 |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | CN¥2.4t | CN¥1.1t | CN¥118.4b | 18.8x | 20.7x | 2.2x |
| Sat, 01 Jun 2024 | CN¥2.3t | CN¥1.1t | CN¥118.4b | 18.5x | 19.4x | 2.1x |
| Mon, 29 Apr 2024 | CN¥2.2t | CN¥1.1t | CN¥110.0b | 18.7x | 19.9x | 2x |
| Wed, 27 Mar 2024 | CN¥2.1t | CN¥1.1t | CN¥105.9b | 18.5x | 20x | 2x |
| Fri, 23 Feb 2024 | CN¥2.1t | CN¥1.1t | CN¥105.7b | 17.7x | 19.7x | 2x |
| Sun, 21 Jan 2024 | CN¥1.9t | CN¥1.8t | CN¥350.4b | 17.6x | 5.6x | 1.1x |
| Tue, 19 Dec 2023 | CN¥1.9t | CN¥1.0t | CN¥99.3b | 20.4x | 19.4x | 1.9x |
| Thu, 16 Nov 2023 | CN¥1.9t | CN¥1.0t | CN¥98.6b | 19.9x | 19.2x | 1.8x |
| Sat, 14 Oct 2023 | CN¥1.9t | CN¥1.0t | CN¥76.7b | 21.4x | 24.6x | 1.9x |
| Mon, 11 Sep 2023 | CN¥1.9t | CN¥1.0t | CN¥74.8b | 20.9x | 25.2x | 1.9x |
| Wed, 09 Aug 2023 | CN¥2.0t | CN¥991.0b | CN¥73.2b | 24.4x | 26.8x | 2x |
| Fri, 07 Jul 2023 | CN¥2.0t | CN¥990.6b | CN¥73.3b | 24.7x | 26.8x | 2x |
| Sun, 04 Jun 2023 | CN¥2.0t | CN¥992.1b | CN¥73.2b | 26.1x | 27.2x | 2x |
| Tue, 02 May 2023 | CN¥1.9t | CN¥996.3b | CN¥73.4b | 24.4x | 26.2x | 1.9x |
| Thu, 30 Mar 2023 | CN¥1.8t | CN¥979.7b | CN¥65.1b | 23.1x | 27.2x | 1.8x |
| Sat, 25 Feb 2023 | CN¥1.8t | CN¥976.5b | CN¥62.5b | 23.5x | 28.7x | 1.8x |
| Mon, 23 Jan 2023 | CN¥1.8t | CN¥976.6b | CN¥66.1b | 23.3x | 26.7x | 1.8x |
| Wed, 21 Dec 2022 | CN¥1.7t | CN¥974.1b | CN¥64.2b | 23.3x | 26.4x | 1.7x |
| Fri, 18 Nov 2022 | CN¥1.7t | CN¥967.7b | CN¥63.2b | 24.7x | 27.5x | 1.8x |
| Sun, 16 Oct 2022 | CN¥1.8t | CN¥915.7b | CN¥54.8b | 27.9x | 33.4x | 2x |
| Tue, 13 Sep 2022 | CN¥1.9t | CN¥917.8b | CN¥54.8b | 29.7x | 35.6x | 2.1x |
| Thu, 11 Aug 2022 | CN¥1.8t | CN¥887.5b | CN¥54.7b | 28x | 33.2x | 2x |
| Sat, 09 Jul 2022 | CN¥1.9t | CN¥885.4b | CN¥54.4b | 30.2x | 35.6x | 2.2x |
| Mon, 06 Jun 2022 | CN¥1.8t | CN¥885.7b | CN¥54.0b | 28x | 33.8x | 2.1x |
| Wed, 04 May 2022 | CN¥1.7t | CN¥881.3b | CN¥53.8b | 26.3x | 31.5x | 1.9x |
| Fri, 01 Apr 2022 | CN¥1.7t | CN¥782.0b | CN¥76.6b | 24.6x | 22.7x | 2.2x |
| Sun, 27 Feb 2022 | CN¥1.9t | CN¥797.8b | CN¥71.4b | 32.1x | 26.1x | 2.3x |
| Tue, 25 Jan 2022 | CN¥1.8t | CN¥796.6b | CN¥70.4b | 30x | 26.2x | 2.3x |
| Thu, 23 Dec 2021 | CN¥1.9t | CN¥790.7b | CN¥71.3b | 33.3x | 27x | 2.4x |
| Sat, 20 Nov 2021 | CN¥1.7t | CN¥790.5b | CN¥71.3b | 27.8x | 24.3x | 2.2x |
| Mon, 18 Oct 2021 | CN¥1.8t | CN¥760.4b | CN¥91.0b | 22.9x | 19.3x | 2.3x |
| Wed, 15 Sep 2021 | CN¥1.8t | CN¥760.9b | CN¥91.1b | 22.5x | 19.4x | 2.3x |
| Fri, 13 Aug 2021 | CN¥1.6t | CN¥760.4b | CN¥91.0b | 17.8x | 17.2x | 2.1x |
Price to Earnings Ratio
16.8x
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 20.7x which is lower than its 3-year average PE of 24.8x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
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 | 0.58% | |
| Utilities | 4.34% | |
| Renewable Energy | 4.60% | |
| Independent Power Producers and Energy Traders | 5.33% | |
| Renewable Energy | 4.01% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 22.5x.
- Analysts are expecting annual earnings growth of 10.7%, 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 54.5x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN¥29.30 | 2.3% +CN¥15.9b | 32.8% | PE26x | |
| 600025 Huaneng Lancang River Hydropower | CN¥11.25 | 6.4% +CN¥12.2b | 59.8% | PE26x | |
| 600886 SDIC Power Holdings | CN¥19.03 | 7.5% +CN¥9.8b | 53.8% | PE19.9x | |
| 600023 Zhejiang Zheneng Electric Power | CN¥7.61 | 10.4% +CN¥9.7b | 50.1% | PE13.9x | |
| 600674 Sichuan Chuantou EnergyLtd | CN¥19.71 | 8.1% +CN¥7.2b | 33.4% | PE21.2x |