Some Investors May Be Worried About Anhui Shiny Electronic Technology's (SZSE:300956) Returns On Capital
May 29
Chinese (SSE) Tech Hardware Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies42
- 7D-4.4%
- 3M-0.7%
- 1Y-14.9%
- YTD-6.1%
Over the last 7 days, the Tech Hardware industry has dropped 4.4%, driven by pullbacks in Shenzhen Transsion Holdings and Inspur Electronic Information Industry of 5.1% and 8.4%, respectively. In contrast, Anhui Shiny Electronic Technology has gained 66%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Chinese Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | CN¥618.6b | CN¥479.9b | CN¥9.8b | 38.8x | 63x | 1.3x |
| Fri, 26 Apr 2024 | CN¥620.9b | CN¥450.3b | CN¥16.6b | 47.4x | 37.5x | 1.4x |
| Sun, 24 Mar 2024 | CN¥702.0b | CN¥445.9b | CN¥15.0b | 51.3x | 46.7x | 1.6x |
| Tue, 20 Feb 2024 | CN¥596.5b | CN¥415.7b | CN¥13.3b | 38.6x | 44.8x | 1.4x |
| Thu, 18 Jan 2024 | CN¥577.0b | CN¥412.8b | CN¥12.4b | 53.6x | 46.5x | 1.4x |
| Sat, 16 Dec 2023 | CN¥645.0b | CN¥413.0b | CN¥12.5b | 51.7x | 51.7x | 1.6x |
| Mon, 13 Nov 2023 | CN¥646.4b | CN¥413.0b | CN¥12.5b | 47.9x | 51.8x | 1.6x |
| Wed, 11 Oct 2023 | CN¥643.1b | CN¥392.8b | CN¥12.1b | 49.8x | 53.2x | 1.6x |
| Fri, 08 Sep 2023 | CN¥625.8b | CN¥393.0b | CN¥12.1b | 47.9x | 51.7x | 1.6x |
| Sun, 06 Aug 2023 | CN¥622.8b | CN¥308.1b | CN¥9.8b | 52.8x | 63.5x | 2x |
| Tue, 04 Jul 2023 | CN¥636.0b | CN¥307.2b | CN¥9.8b | 50.4x | 65.2x | 2.1x |
| Thu, 01 Jun 2023 | CN¥629.2b | CN¥307.1b | CN¥9.7b | 50.6x | 65.1x | 2x |
| Sat, 29 Apr 2023 | CN¥572.1b | CN¥319.7b | CN¥9.1b | 42.5x | 62.6x | 1.8x |
| Mon, 27 Mar 2023 | CN¥585.9b | CN¥325.5b | CN¥10.6b | 47.3x | 55.5x | 1.8x |
| Wed, 22 Feb 2023 | CN¥524.7b | CN¥327.8b | CN¥11.3b | 50.7x | 46.4x | 1.6x |
| Fri, 20 Jan 2023 | CN¥469.3b | CN¥327.1b | CN¥11.2b | 40.4x | 41.9x | 1.4x |
| Sun, 18 Dec 2022 | CN¥448.7b | CN¥327.1b | CN¥11.2b | 37.5x | 40.1x | 1.4x |
| Tue, 15 Nov 2022 | CN¥444.9b | CN¥327.1b | CN¥11.2b | 40.3x | 39.8x | 1.4x |
| Thu, 13 Oct 2022 | CN¥380.2b | CN¥331.9b | CN¥12.4b | 34.9x | 30.6x | 1.1x |
| Sat, 10 Sep 2022 | CN¥420.0b | CN¥328.5b | CN¥12.1b | 38x | 34.7x | 1.3x |
| Mon, 08 Aug 2022 | CN¥473.4b | CN¥329.8b | CN¥11.6b | 46.5x | 41x | 1.4x |
| Wed, 06 Jul 2022 | CN¥426.1b | CN¥320.2b | CN¥10.5b | 46.7x | 40.5x | 1.3x |
| Fri, 03 Jun 2022 | CN¥407.2b | CN¥320.1b | CN¥10.5b | 39.9x | 38.7x | 1.3x |
| Sun, 01 May 2022 | CN¥369.4b | CN¥315.6b | CN¥11.3b | 38.1x | 32.6x | 1.2x |
| Tue, 29 Mar 2022 | CN¥438.1b | CN¥309.8b | CN¥13.3b | 38.2x | 32.9x | 1.4x |
| Thu, 24 Feb 2022 | CN¥532.4b | CN¥309.2b | CN¥13.0b | 42.5x | 41x | 1.7x |
| Sat, 22 Jan 2022 | CN¥537.0b | CN¥308.8b | CN¥12.8b | 44.8x | 41.9x | 1.7x |
| Mon, 20 Dec 2021 | CN¥550.7b | CN¥309.3b | CN¥12.8b | 44.2x | 43.1x | 1.8x |
| Wed, 17 Nov 2021 | CN¥518.2b | CN¥237.4b | CN¥11.1b | 45.9x | 46.8x | 2.2x |
| Fri, 15 Oct 2021 | CN¥488.8b | CN¥252.3b | CN¥10.5b | 44x | 46.7x | 1.9x |
| Sun, 12 Sep 2021 | CN¥514.7b | CN¥251.7b | CN¥10.4b | 46.6x | 49.5x | 2x |
| Tue, 10 Aug 2021 | CN¥550.1b | CN¥251.0b | CN¥10.4b | 50.1x | 53x | 2.2x |
Price to Earnings Ratio
49x
Current Industry PE
- Investors are optimistic on the Chinese Tech industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 63.0x which is higher than its 3-year average PE of 46.5x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 25% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -2.58% | |
| Tech | -2.99% | |
| Tech Hardware | -4.40% | |
| Tech Hardware Storage and Peripherals | -4.40% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 603296 Huaqin Technology | CN¥80.00 | 4.1% +CN¥2.3b | n/a | PE21.3x | |
| 300956 Anhui Shiny Electronic Technology | CN¥22.95 | 44.7% +CN¥1.1b | 83.1% | PS2.3x | |
| 600734 Fujian Start GroupLtd | CN¥3.51 | 3.8% +CN¥283.2m | -12.5% | PE575.3x | |
| 300042 Netac Technology | CN¥23.67 | 0.3% +CN¥14.0m | -41.6% | PS4.9x |
