Shanghai Electric Group Co., Ltd.'s (HKG:2727) 28% Share Price Surge Not Quite Adding Up
Oct 28
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Hong Kong (HSI) Electrical Industry Analysis
UpdatedOct 29, 2025
DataAggregated Company Financials
Companies36
- 7D3.8%
- 3M25.5%
- 1Y70.3%
- YTD76.2%
In the last week, the Electrical industry is up 3.8%, with Dongfang Electric leading the way, up 7.5%. In the same time, Jiangsu Zenergy Battery Technologies Group was down 14%. This takes the industry's 12 month performance to a gain of 70%. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 Oct 2025 | HK$382.0b | HK$412.3b | -HK$6,428,988,685.04 | 19.6x | -59.4x | 0.9x |
| Fri, 26 Sep 2025 | HK$371.1b | HK$411.4b | -HK$6,350,030,441.76 | 16.4x | -58.4x | 0.9x |
| Sun, 24 Aug 2025 | HK$329.6b | HK$388.5b | -HK$8,154,559,759.25 | 15.9x | -40.4x | 0.8x |
| Tue, 22 Jul 2025 | HK$311.8b | HK$380.0b | -HK$8,708,096,442.24 | 17.3x | -35.8x | 0.8x |
| Thu, 19 Jun 2025 | HK$281.8b | HK$379.2b | -HK$8,584,084,699.41 | 14.8x | -32.8x | 0.7x |
| Sat, 17 May 2025 | HK$264.7b | HK$376.8b | -HK$8,528,029,678.94 | 14x | -31x | 0.7x |
| Mon, 14 Apr 2025 | HK$238.4b | HK$366.6b | -HK$8,831,143,602.75 | 12.3x | -27x | 0.7x |
| Wed, 12 Mar 2025 | HK$238.8b | HK$343.0b | -HK$1,704,183,987.03 | 8.4x | -140.1x | 0.7x |
| Fri, 07 Feb 2025 | HK$230.0b | HK$341.4b | -HK$1,746,861,234.64 | 8x | -131.7x | 0.7x |
| Sun, 05 Jan 2025 | HK$216.1b | HK$339.7b | -HK$1,750,775,145.48 | 8.3x | -123.4x | 0.6x |
| Tue, 03 Dec 2024 | HK$267.4b | HK$342.0b | -HK$1,693,802,020.05 | 9.9x | -157.9x | 0.8x |
| Thu, 31 Oct 2024 | HK$252.3b | HK$345.3b | -HK$1,655,624,125.33 | 8.8x | -152.4x | 0.7x |
| Sat, 28 Sep 2024 | HK$187.3b | HK$350.7b | -HK$2,123,917,061.15 | 8.5x | -88.2x | 0.5x |
| Mon, 26 Aug 2024 | HK$188.3b | HK$342.4b | -HK$596,380,745.43 | 8.5x | -315.7x | 0.5x |
| Wed, 24 Jul 2024 | HK$192.1b | HK$334.0b | -HK$632,034,995.31 | 8.9x | -303.9x | 0.6x |
| Fri, 21 Jun 2024 | HK$198.1b | HK$334.5b | -HK$632,119,208.16 | 10.3x | -313.3x | 0.6x |
| Sun, 19 May 2024 | HK$201.7b | HK$336.0b | -HK$621,915,437.11 | 10x | -324.3x | 0.6x |
| Tue, 16 Apr 2024 | HK$194.3b | HK$337.9b | HK$2.0b | 8.3x | 96.5x | 0.6x |
| Thu, 14 Mar 2024 | HK$193.2b | HK$337.5b | HK$1.7b | 7.7x | 114.2x | 0.6x |
| Sat, 10 Feb 2024 | HK$185.4b | HK$337.0b | HK$1.7b | 6.2x | 107.9x | 0.6x |
| Mon, 08 Jan 2024 | HK$198.7b | HK$360.3b | HK$1.9b | 7.2x | 105.3x | 0.6x |
| Wed, 06 Dec 2023 | HK$157.5b | HK$341.6b | HK$2.4b | 7.2x | 66.1x | 0.5x |
| Fri, 03 Nov 2023 | HK$147.4b | HK$335.2b | HK$2.6b | 9.1x | 57.8x | 0.4x |
| Sun, 01 Oct 2023 | HK$154.8b | HK$336.2b | HK$1.7b | 9.8x | 93.6x | 0.5x |
| Tue, 29 Aug 2023 | HK$158.0b | HK$326.9b | HK$798.6m | 11.3x | 197.8x | 0.5x |
| Thu, 27 Jul 2023 | HK$170.2b | HK$330.3b | HK$403.9m | 10.4x | 421.4x | 0.5x |
| Sat, 24 Jun 2023 | HK$164.5b | HK$329.2b | HK$354.3m | 9.9x | 464.2x | 0.5x |
| Mon, 22 May 2023 | HK$173.3b | HK$335.7b | HK$366.9m | 10.4x | 472.3x | 0.5x |
| Wed, 19 Apr 2023 | HK$181.5b | HK$348.2b | HK$51.1m | 10.9x | 3553.7x | 0.5x |
| Fri, 17 Mar 2023 | HK$180.7b | HK$338.6b | -HK$11,241,314,260.00 | 12.4x | -16.1x | 0.5x |
| Sun, 12 Feb 2023 | HK$184.8b | HK$343.1b | -HK$11,332,674,336.00 | 12.8x | -16.3x | 0.5x |
| Tue, 10 Jan 2023 | HK$179.3b | HK$341.4b | -HK$11,400,932,011.00 | 10.3x | -15.7x | 0.5x |
| Thu, 08 Dec 2022 | HK$173.5b | HK$330.4b | -HK$11,001,791,328.00 | 11.2x | -15.8x | 0.5x |
| Sat, 05 Nov 2022 | HK$251.2b | HK$337.2b | -HK$8,071,080,485.00 | 13.2x | -31.1x | 0.7x |
Price to Earnings Ratio
-31.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Electrical industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have improved over the last three years.
- Revenues for these companies have grown 6.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 1.00% | |
| Industrials | 1.40% | |
| Electrical | 3.84% | |
| Heavy Electrical Equipment | 4.65% | |
| Electrical Components | 2.17% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 78.1x.
- Analysts are expecting annual earnings growth of 67.9%, which is higher than its past year's earnings growth of 10.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 1072 Dongfang Electric | HK$19.98 | 7.5% +HK$4.8b | 94.7% | PE20.1x | |
| 1729 Time Interconnect Technology | HK$17.29 | 15.7% +HK$4.6b | 246.5% | PE61.3x | |
| 1133 Harbin Electric | HK$13.19 | 7.2% +HK$2.0b | 399.6% | PE12.2x | |
| 2727 Shanghai Electric Group | HK$4.78 | 2.6% +HK$1.9b | 73.8% | PE84x | |
| 666 REPT BATTERO Energy | HK$14.18 | 3.1% +HK$979.1m | -3.4% | PS1.5x |
