Narrative Update • May 13

Over the last 7 days, the market has dropped 2.4%, driven by a decline of 5.4% in the Materials sector. As for the longer term, the market has actually risen by 34% in the last year. As for the next few years, earnings are expected to grow by 27% per annum.
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | CN¥104.9t | CN¥53.5t | CN¥3.1t | 50.8x | 34.3x | 2x |
| Sat, 18 Apr 2026 | CN¥99.7t | CN¥52.8t | CN¥3.0t | 47.8x | 32.8x | 1.9x |
| Mon, 16 Mar 2026 | CN¥98.5t | CN¥52.8t | CN¥3.0t | 48.6x | 32.4x | 1.9x |
| Wed, 11 Feb 2026 | CN¥99.5t | CN¥52.5t | CN¥3.0t | 48.9x | 33x | 1.9x |
| Fri, 09 Jan 2026 | CN¥97.1t | CN¥52.3t | CN¥3.0t | 46.7x | 32.6x | 1.9x |
| Sun, 07 Dec 2025 | CN¥90.9t | CN¥52.3t | CN¥3.0t | 44.1x | 30.5x | 1.7x |
| Tue, 04 Nov 2025 | CN¥92.3t | CN¥52.3t | CN¥3.0t | 45x | 30.8x | 1.8x |
| Thu, 02 Oct 2025 | CN¥89.9t | CN¥51.0t | CN¥2.7t | 45.5x | 32.8x | 1.8x |
| Sat, 30 Aug 2025 | CN¥87.1t | CN¥50.6t | CN¥2.7t | 44.7x | 32x | 1.7x |
| Mon, 28 Jul 2025 | CN¥79.3t | CN¥50.4t | CN¥2.7t | 42.5x | 29.1x | 1.6x |
| Wed, 25 Jun 2025 | CN¥73.1t | CN¥50.3t | CN¥2.7t | 38.7x | 27.3x | 1.5x |
| Fri, 23 May 2025 | CN¥72.2t | CN¥50.3t | CN¥2.7t | 38x | 26.9x | 1.4x |
| Sun, 20 Apr 2025 | CN¥69.1t | CN¥50.2t | CN¥2.8t | 35.7x | 25x | 1.4x |
| Tue, 18 Mar 2025 | CN¥75.3t | CN¥50.6t | CN¥2.9t | 39.4x | 25.9x | 1.5x |
| Thu, 13 Feb 2025 | CN¥72.6t | CN¥50.2t | CN¥2.9t | 37.1x | 25.3x | 1.4x |
| Sat, 11 Jan 2025 | CN¥66.7t | CN¥50.0t | CN¥2.7t | 32.8x | 24.5x | 1.3x |
| Mon, 09 Dec 2024 | CN¥73.8t | CN¥49.9t | CN¥2.7t | 37x | 27.1x | 1.5x |
| Wed, 06 Nov 2024 | CN¥73.2t | CN¥49.9t | CN¥2.7t | 35.4x | 26.9x | 1.5x |
| Fri, 04 Oct 2024 | CN¥70.2t | CN¥50.3t | CN¥2.8t | 33.5x | 25.3x | 1.4x |
| Sun, 01 Sep 2024 | CN¥57.2t | CN¥50.5t | CN¥2.8t | 27.4x | 20.6x | 1.1x |
| Tue, 30 Jul 2024 | CN¥58.1t | CN¥50.7t | CN¥2.8t | 27.4x | 20.6x | 1.1x |
| Thu, 27 Jun 2024 | CN¥59.9t | CN¥50.8t | CN¥2.8t | 29.4x | 21.4x | 1.2x |
| Sat, 25 May 2024 | CN¥64.3t | CN¥50.8t | CN¥2.8t | 31.1x | 23.1x | 1.3x |
| Mon, 22 Apr 2024 | CN¥62.7t | CN¥51.0t | CN¥2.9t | 29.1x | 21.8x | 1.2x |
| Wed, 20 Mar 2024 | CN¥65.6t | CN¥51.6t | CN¥2.9t | 31.7x | 22.9x | 1.3x |
| Fri, 16 Feb 2024 | CN¥59.2t | CN¥51.9t | CN¥3.1t | 26.5x | 19.2x | 1.1x |
| Sun, 14 Jan 2024 | CN¥62.6t | CN¥49.9t | CN¥2.7t | 33.8x | 23x | 1.3x |
| Tue, 12 Dec 2023 | CN¥66.1t | CN¥49.8t | CN¥2.7t | 35.2x | 24.3x | 1.3x |
| Thu, 09 Nov 2023 | CN¥67.6t | CN¥49.8t | CN¥2.7t | 35.4x | 24.9x | 1.4x |
| Sat, 07 Oct 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.7x | 1.4x |
| Mon, 04 Sep 2023 | CN¥68.6t | CN¥49.6t | CN¥2.8t | 35.1x | 24.9x | 1.4x |
| Wed, 02 Aug 2023 | CN¥72.0t | CN¥49.2t | CN¥2.8t | 36x | 25.4x | 1.5x |
| Fri, 30 Jun 2023 | CN¥70.2t | CN¥49.1t | CN¥2.8t | 36.5x | 24.9x | 1.4x |
| Sun, 28 May 2023 | CN¥70.3t | CN¥49.0t | CN¥2.8t | 35.9x | 25x | 1.4x |
25x
Which sectors have driven the changes within the Chinese Market?
| CN Market | -2.42% | |
| Tech | 0.55% | |
| Energy | -1.08% | |
| Consumer Discretionary | -2.42% | |
| Industrials | -2.65% | |
| Consumer Staples | -2.72% | |
| Utilities | -3.57% | |
| Financials | -3.81% | |
| Telecom | -4.28% | |
| Healthcare | -4.76% | |
| Real Estate | -4.92% | |
| Materials | -5.36% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 301666 DapuStor | CN¥816.00 | 29.3% +CN¥80.7b | n/a | PE27420.1x | Tech | |
| 002371 NAURA Technology Group | CN¥662.99 | 17.5% +CN¥71.5b | 111.7% | PE86.2x | Tech | |
| 300274 Sungrow Power Supply | CN¥165.38 | 22.5% +CN¥62.3b | 164.6% | PE28.5x | Industrials | |
| 688012 Advanced Micro-Fabrication Equipment China | CN¥475.80 | 22.9% +CN¥55.6b | 171.0% | PE109.3x | Tech | |
| 603986 GigaDevice Semiconductor | CN¥431.90 | 21.3% +CN¥53.0b | 267.1% | PE105.2x | Tech |