We Think Beijing Jingneng Power's (SHSE:600578) Healthy Earnings Might Be Conservative
May 03
Chinese (SSE) Independent Power Producers and Energy Traders Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies32
- 7D0.07%
- 3M14.7%
- 1Y10.9%
- YTDn/a
The Independent Power Producers and Energy Traders industry is up 1.8% in the last week, with SDIC Power Holdings up 1.5%. This takes the industry's 12 month performance to a gain of 12%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Chinese Independent Power Producers and Energy Traders Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | CN¥991.2b | CN¥910.1b | CN¥60.9b | 16.6x | 16.3x | 1.1x |
| Sun, 14 Apr 2024 | CN¥988.4b | CN¥885.3b | CN¥50.6b | 18.4x | 19.5x | 1.1x |
| Tue, 12 Mar 2024 | CN¥936.1b | CN¥884.0b | CN¥50.1b | 16.5x | 18.7x | 1.1x |
| Thu, 08 Feb 2024 | CN¥853.6b | CN¥883.8b | CN¥49.7b | 15.4x | 17.2x | 1x |
| Sat, 06 Jan 2024 | CN¥847.2b | CN¥864.1b | CN¥46.3b | 17.4x | 18.3x | 1x |
| Mon, 04 Dec 2023 | CN¥806.9b | CN¥871.3b | CN¥48.1b | 16.9x | 16.8x | 0.9x |
| Wed, 01 Nov 2023 | CN¥795.5b | CN¥870.5b | CN¥45.2b | 16x | 17.6x | 0.9x |
| Fri, 29 Sep 2023 | CN¥798.6b | CN¥873.4b | CN¥38.8b | 18.9x | 20.6x | 0.9x |
| Sun, 27 Aug 2023 | CN¥811.9b | CN¥857.1b | CN¥32.3b | 21.7x | 25.1x | 0.9x |
| Tue, 25 Jul 2023 | CN¥849.8b | CN¥855.4b | CN¥31.4b | 22.5x | 27.1x | 1x |
| Thu, 22 Jun 2023 | CN¥840.7b | CN¥855.6b | CN¥31.4b | 22.4x | 26.8x | 1x |
| Sat, 20 May 2023 | CN¥856.2b | CN¥857.3b | CN¥31.5b | 25.8x | 27.2x | 1x |
| Mon, 17 Apr 2023 | CN¥815.1b | CN¥850.5b | CN¥24.8b | 22.2x | 32.9x | 1x |
| Wed, 15 Mar 2023 | CN¥762.1b | CN¥831.1b | CN¥18.9b | 22.6x | 40.3x | 0.9x |
| Fri, 10 Feb 2023 | CN¥741.0b | CN¥829.1b | CN¥16.2b | 21.6x | 45.8x | 0.9x |
| Sun, 08 Jan 2023 | CN¥742.4b | CN¥827.7b | CN¥14.4b | 23x | 51.5x | 0.9x |
| Tue, 06 Dec 2022 | CN¥771.1b | CN¥826.1b | CN¥14.6b | 24.6x | 53x | 0.9x |
| Thu, 03 Nov 2022 | CN¥708.2b | CN¥819.3b | CN¥14.0b | 23.1x | 50.6x | 0.9x |
| Sat, 01 Oct 2022 | CN¥691.0b | CN¥767.8b | CN¥2.2b | 25.3x | 319.3x | 0.9x |
| Mon, 29 Aug 2022 | CN¥777.4b | CN¥764.0b | CN¥5.6b | 28.4x | 138.9x | 1x |
| Wed, 27 Jul 2022 | CN¥738.1b | CN¥744.2b | CN¥7.5b | 23.1x | 98.4x | 1x |
| Fri, 24 Jun 2022 | CN¥730.7b | CN¥745.2b | CN¥5.8b | 24x | 125.6x | 1x |
| Sun, 22 May 2022 | CN¥711.6b | CN¥745.3b | CN¥5.8b | 24.3x | 122.4x | 1x |
| Tue, 19 Apr 2022 | CN¥690.6b | CN¥649.3b | CN¥25.3b | 19.5x | 27.2x | 1.1x |
| Thu, 17 Mar 2022 | CN¥694.0b | CN¥657.2b | CN¥26.3b | 21.3x | 26.4x | 1.1x |
| Sat, 12 Feb 2022 | CN¥750.5b | CN¥655.3b | CN¥25.8b | 25.7x | 29.1x | 1.1x |
| Mon, 10 Jan 2022 | CN¥748.7b | CN¥649.3b | CN¥26.5b | 26.3x | 28.3x | 1.2x |
| Wed, 08 Dec 2021 | CN¥729.9b | CN¥649.3b | CN¥26.5b | 23.8x | 27.6x | 1.1x |
| Fri, 05 Nov 2021 | CN¥715.5b | CN¥650.4b | CN¥27.0b | 22.5x | 26.5x | 1.1x |
| Sun, 03 Oct 2021 | CN¥823.0b | CN¥616.9b | CN¥44.0b | 17.8x | 18.7x | 1.3x |
| Tue, 31 Aug 2021 | CN¥629.7b | CN¥616.7b | CN¥44.0b | 15x | 14.3x | 1x |
| Wed, 07 Jul 2021 | CN¥643.8b | CN¥616.7b | CN¥44.0b | 16.7x | 14.6x | 1x |
Price to Earnings Ratio
13.5x
Current Industry PE
- Investors are pessimistic on the Chinese Independent Power Producers and Energy Traders 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 16.5x which is lower than its 3-year average PE of 53.9x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Independent Power Producers and Energy Traders compare with similar industries?
| CN Market | -1.53% | |
| Utilities | 0.06% | |
| Renewable Energy | 0.055% | |
| Independent Power Producers and Energy Traders | 0.073% | |
| Renewable Energy | 0.041% | |
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 | |
|---|---|---|---|---|---|
| 600886 SDIC Power Holdings | CN¥15.88 | 1.7% +CN¥1.9b | 26.7% | PE16.6x | |
| 601827 Chongqing Sanfeng Environment Group | CN¥8.69 | 5.0% +CN¥687.7m | 10.7% | PE12.1x | |
| 601985 China National Nuclear Power | CN¥9.19 | 0.3% +CN¥566.5m | 32.6% | PE16.3x | |
| 600483 Fujian Funeng | CN¥10.25 | 1.0% +CN¥256.1m | 8.8% | PE10x | |
| 899 Jiangxi Ganneng | CN¥12.00 | 2.1% +CN¥243.9m | 35.9% | PE17x |
