Narrative Update • Jun 10

The market is up 5.7% over the last week, with the Information Technology sector leading the way, up 14%. Meanwhile, the Consumer Staples sector has underperformed, shrinking 4.1% in that time. As for the past 12 months, the market is up 35%. Earnings are forecast to grow by 28% annually.
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | CN¥104.2t | CN¥53.5t | CN¥3.1t | 46.2x | 34x | 1.9x |
| Sun, 17 May 2026 | CN¥104.2t | CN¥53.4t | CN¥3.1t | 50.8x | 34.1x | 1.9x |
| Tue, 14 Apr 2026 | CN¥97.2t | CN¥52.7t | CN¥3.0t | 46.5x | 32.1x | 1.8x |
| Thu, 12 Mar 2026 | CN¥100.0t | CN¥52.7t | CN¥3.0t | 49.7x | 32.9x | 1.9x |
| Sat, 07 Feb 2026 | CN¥97.6t | CN¥52.5t | CN¥3.0t | 48x | 32.4x | 1.9x |
| Mon, 05 Jan 2026 | CN¥93.4t | CN¥52.3t | CN¥3.0t | 44.7x | 31.3x | 1.8x |
| Wed, 03 Dec 2025 | CN¥90.1t | CN¥52.3t | CN¥3.0t | 43.7x | 30.2x | 1.7x |
| Fri, 31 Oct 2025 | CN¥92.5t | CN¥52.3t | CN¥3.0t | 44.3x | 30.9x | 1.8x |
| Sun, 28 Sep 2025 | CN¥88.1t | CN¥50.8t | CN¥2.7t | 44.9x | 32.3x | 1.7x |
| Tue, 26 Aug 2025 | CN¥87.2t | CN¥50.5t | CN¥2.7t | 45.6x | 32.2x | 1.7x |
| Thu, 24 Jul 2025 | CN¥78.5t | CN¥50.4t | CN¥2.7t | 41.7x | 28.8x | 1.6x |
| Sat, 21 Jun 2025 | CN¥71.4t | CN¥50.3t | CN¥2.7t | 37.2x | 26.7x | 1.4x |
| Mon, 19 May 2025 | CN¥72.1t | CN¥50.3t | CN¥2.7t | 37.7x | 26.8x | 1.4x |
| Wed, 16 Apr 2025 | CN¥69.5t | CN¥50.2t | CN¥2.8t | 36x | 25.1x | 1.4x |
| Fri, 14 Mar 2025 | CN¥73.6t | CN¥50.4t | CN¥2.9t | 38.4x | 25.4x | 1.5x |
| Sun, 09 Feb 2025 | CN¥71.5t | CN¥50.1t | CN¥2.7t | 36.3x | 26x | 1.4x |
| Tue, 07 Jan 2025 | CN¥67.3t | CN¥49.9t | CN¥2.7t | 32.7x | 24.7x | 1.3x |
| Thu, 05 Dec 2024 | CN¥72.5t | CN¥49.9t | CN¥2.7t | 36.1x | 26.6x | 1.5x |
| Sat, 02 Nov 2024 | CN¥70.0t | CN¥49.9t | CN¥2.7t | 33.6x | 25.5x | 1.4x |
| Mon, 30 Sep 2024 | CN¥63.8t | CN¥50.3t | CN¥2.8t | 30x | 23x | 1.3x |
| Wed, 28 Aug 2024 | CN¥55.8t | CN¥50.8t | CN¥2.8t | 26x | 19.6x | 1.1x |
| Fri, 26 Jul 2024 | CN¥57.7t | CN¥50.7t | CN¥2.8t | 27.1x | 20.5x | 1.1x |
| Sun, 23 Jun 2024 | CN¥61.4t | CN¥50.8t | CN¥2.8t | 29.5x | 21.9x | 1.2x |
| Tue, 21 May 2024 | CN¥66.4t | CN¥50.8t | CN¥2.8t | 32.6x | 23.9x | 1.3x |
| Thu, 18 Apr 2024 | CN¥63.2t | CN¥50.9t | CN¥2.9t | 29.3x | 22.1x | 1.2x |
| Sat, 16 Mar 2024 | CN¥65.1t | CN¥51.5t | CN¥2.9t | 31.2x | 22.7x | 1.3x |
| Mon, 12 Feb 2024 | CN¥59.2t | CN¥51.9t | CN¥3.1t | 26.5x | 19.2x | 1.1x |
| Wed, 10 Jan 2024 | CN¥62.5t | CN¥49.9t | CN¥2.7t | 33.7x | 23x | 1.3x |
| Fri, 08 Dec 2023 | CN¥65.4t | CN¥49.8t | CN¥2.7t | 34.8x | 24.1x | 1.3x |
| Sun, 05 Nov 2023 | CN¥66.3t | CN¥49.7t | CN¥2.7t | 34.7x | 24.6x | 1.3x |
| Tue, 03 Oct 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.8x | 1.4x |
| Thu, 31 Aug 2023 | CN¥68.9t | CN¥49.2t | CN¥2.8t | 35.3x | 24.6x | 1.4x |
| Sat, 29 Jul 2023 | CN¥71.6t | CN¥49.1t | CN¥2.8t | 36.1x | 25.3x | 1.5x |
| Mon, 26 Jun 2023 | CN¥70.5t | CN¥49.1t | CN¥2.8t | 36x | 25.1x | 1.4x |
25.1x
Which sectors have driven the changes within the Chinese Market?
| CN Market | 5.66% | |
| Tech | 13.78% | |
| Materials | 7.04% | |
| Industrials | 5.03% | |
| Healthcare | 0.67% | |
| Telecom | -0.15% | |
| Consumer Discretionary | -0.55% | |
| Financials | -1.59% | |
| Real Estate | -1.70% | |
| Energy | -2.98% | |
| Consumer Staples | -4.09% | |
| Utilities | -4.10% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 300308 Zhongji Innolight | CN¥1.37k | 19.0% +CN¥244.0b | 956.3% | PE102x | Tech | |
| 688256 Cambricon Technologies | CN¥1.51k | 21.6% +CN¥168.0b | 291.3% | PE348.6x | Tech | |
| 601138 Foxconn Industrial Internet | CN¥78.08 | 11.3% +CN¥157.8b | 279.2% | PE38.1x | Tech | |
| 688041 Hygon Information Technology | CN¥328.00 | 17.1% +CN¥111.3b | 145.7% | PE279.1x | Tech | |
| 300502 Eoptolink Technology | CN¥581.48 | 14.8% +CN¥104.4b | 640.0% | PE75.3x | Tech |