The China CleanTech Index fell slightly in April 2013 to consolidate some of the strong gains of the first quarter. Over the month, the Index outperformed only one of its four benchmarks.
The China CleanTech Index fell from 38.8 to 38.3 over the month of April recording a 1.2% loss. This compared to the NEX gain of 6.3%, the CTIUS loss of 1.0%, the Shanghai Composite loss of 2.6% and the MSCI gain of 2.9%.
The China CleanTech 20 also recorded a small loss of 1.5% for the month.
The Index performance is only ahead of the Shanghai Composite over the last three months and leads all but the NEX over the last 6 months.
The best performing sub-indices for the month were the China Solar Index with a 4.6% gain (recovering some of its 15% loss in March) and the China Wind Index with a 3.7% gain. The two weakest sub-indices through April were the China Water Index which recorded a loss of 6.0% and the China Environment Index recording a loss of 5.4%.
-------------------------------------------------------- Percentage Change 2009 2010 2011 2012 -------------------------------------------------------- China CleanTech Index 77.5% -9.6% -48.0% -16.5% China CleanTech 20 59.6% -15.6% -47.4% -15.5% NEX 39.7% -14.6% -40.2% -5.5% CTIUS 38.1% 7.3% -18.3% 7.3% Shanghai Composite 80.0% -14.3% -21.7% 3.2% MSCI 27.0% 9.6% -7.6% 13.2% -------------------------------------------------------- -------------------------------------------------------- Percentage Change Apr'13 3 Mths 6 Mths 12 Mths 3 Yrs -------------------------------------------------------- China CleanTech Index -1.2% 1.9% 18.3% -7.8% -54.7% China CleanTech 20 -1.5% 3.4% 18.8% -7.7% -55.7% NEX 6.3% 8.2% 24.3% 10.0% -36.9% CTIUS -1.0% 3.1% 17.7% 10.4% -0.3% Shanghai Composite -2.6% -8.7% 5.2% -9.1% -24.1% MSCI 2.9% 5.0% 13.4% 14.1% 23.2% --------------------------------------------------------The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 795 billion, falling from its peak of CNY 911 billion in February 2011 but up from its trough of CNY 604 billion in November 2012.
The month's performance was driven by 7 companies having share price losses of more than 20%. The greatest percentage losses were recorded by CNPV Solar Power (ALCNP.PA) with a 53% loss and Chengdu Xingrong Investment Co (000598.SZ) with a 50% loss.
The greatest decreases in market capitalisation over the month were recorded by Chengdu Xingrong Investment Co. (000598.SZ) and China Yangtze Power Co. (600900.SS)
These were partially offset by gains from other companies with 10 companies having gains of more than 20%. The greatest percentage gains were recorded by Suntech (STP) on a partial recovery from its much publicised collapse followed by Canadian Solar (CSIQ - 63%) and Jinko Solar (JKS - 52%).
These best and worst performers are shown in the table below.
April 2013 Best Performers Share Price Gain > 20% ----------------------------------------------------- China Clean Energy Inc. (OTCQX:CCGY) Canadian Solar Inc (The China Cleantech Index is updated each month and published on the SinoCleantech website at www.sinocleantech.com. It is published internationally in conjunction with Cleantech Investor (www.cleantechinvestor.com) and in China in conjunction with Top Capital (www.topcapital.cn).NASDAQ:CSIQ) JA Solar Holdings ( NASDAQ:JASO) JinkoSolar Holding Co., Ltd. ( NYSE:JKS) ReneSola Ltd. (ADR) ( NYSE:SOL) Suntech Power Holdings ( NYSE:STP) Trina Solar ( NYSE:TSL) Yingli Green Energy ( NYSE:YGE) China Datang Corp Renewable Power Co Ltd ( HKG:1798) Huaneng Renewables Corp Ltd ( HKG:0958) ----------------------------------------------------- Worst Performers Share Price Loss > 10% ----------------------------------------------------- Hanwei Energy Services ( TSE:HE) SmartHeat Inc (OTCQX:HEAT) CNPV Solar Power SA Daqo New Energy Corp. ( NYSE:DQ) China BAK Battery ( NASDAQ:CBAK) Chengdu Xingrong Investment Co.,Ltd ( SHE:000598) Duoyuan Global Water (OTCQX:DGWIY) -----------------------------------------------------
Monthly results can be emailed directly to interested parties by signing up to the distribution list at:
http://www.sinocleantech.com/e/cleantech_index.html
About Sino CleanTech
Sino CleanTech publishes the China CleanTech Index and facilitates Chinese Cleantech investments and provides services to Government agencies across Asia to help stimulate investment in the Cleantech industry. These investments include looking at listed cleantech stocks and direct investment into projects and companies. Sino Cleantech is active in facilitating:
- Investment from Chinese investors into cleantech in both China and internationally; and
- Investment from international investors into the Chinese cleantech market.
Please contact us if you are looking for funding or seeking investments.
Contact
John O'BrienManaging Director, Sino CleanTech
Ph: +61 419 826 372
john.obrien@sinocleantech.com
Katie Xiong
Manager, Sino CleanTech
Australia: +61 411 638 603
China: +86 137608 85298
katie.xiong@sinocleantech.com
Related Companies
Suntech Power Holdings Co., Ltd.
Huaneng Power International Inc
China Datang Corp Renewable Power Co Ltd
Chengdu Xingrong Investment Co., Ltd
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