The China CleanTech Index recorded a 1.3% gain in January 2014 and outperformed three of its four benchmarks.
The China CleanTech Index rose from 44.37 to 44.93 over the month of January recording a 1.3% gain. This compared to the NEX gain of 3%, the CTIUS loss of 5.8%, the Shanghai Composite loss of 3.9% and the MSCI loss of 3.8%.
The China CleanTech 20 recorded a loss of 4.6% over the month which is an unusual divergence in performance from the wider index and shows that the smaller companies in the index outperformed their larger peers.
The best performing sub-indices for the month were the China Efficiency Index with a 13.3% gain and the China Solar Index with an 8.4% gain, continuing its long run of gains. The two weakest sub-indices through January were the China Hydro Index which recorded a loss of 4.4% and the China Waste Index recording a loss of 2.8%.
The ongoing gains for the sector may be being driven by the heavy smog that has continued to beset much of the central and northern east coast through the winter months.
----------------------------------------- Percentage Change 2011 2012 2013 ----------------------------------------- China CleanTech Index -48.0% -16.5% 29.2% China CleanTech 20 -47.4% -15.5% 24.1% NEX -40.2% -5.5% 53.7% CTIUS -18.3% 7.3% 37.0% Shanghai Composite -21.7% 3.2% -6.7% MSCI -7.6% 13.2% 24.1% -------------------------------------------------------- -------------------------------------------------------- Percentage Change JAN'14 3 Mths 6 Mths 12 Mths 3 Yrs -------------------------------------------------------- China CleanTech Index 1.3% 5.6% 12.9% 19.4% -42.8% China CleanTech 20 -4.6% -0.7% 3.7% 8.4% -46.6% NEX 3.0% 3.9% 17.9% 47.2% -11.4% CTIUS -5.8% -0.7% 9.4% 21.5% 10.0% Shanghai Composite -3.9% -5.0% 2.0% -14.8% -27.1% MSCI -3.8% -0.3% 6.0% 13.7% 22.2% --------------------------------------------------------The market capitalisation of the 151 stocks in the China CleanTech Index is CNY 1,01 billion, up a long way from its trough of CNY 604 billion in November 2012.
The month’s performance was driven by 16 companies having share price gains of more than 30%. The greatest percentage gains were recorded by China Solar & Clean Energy Solution (CSOL), Sound Global Ltd (0967.HK) and Shanghai Taisheng Wind Power Equipment (300129.SZ).
These were offset by losses from other companies with 10 companies having losses of more than 15%. The greatest percentage losses were recorded by LED International Holdings Ltd (LED.L), Tianli Enviromental Protection Eng Co (300156.SZ) and China BAK Battery (CBAK).
These best and worst performers are shown in the table below.
January 2014
Best Performers Share Price Gain > 30%
China Clean Energy Inc. (
Foshan Electrical and Lighting Co., Ltd. (FSL) (
Guangzhou Hongli Opto Electronic Co Ltd (
HC Semitek (
SmartHeat Inc (
Bodisen Biotech, Inc. (
Shanghai Yanhua Smartech Co Ltd (
Canadian Solar Inc (
China Solar & Clean Energy Solns., Inc. (
Jiangsu Akcome Solar Science and Technology Co (
Risen Energy Co., Ltd. (
China Sun Group High Tech Co. (
Sound Global Ltd (
China Power New Energy Development Co., Ltd (
China Renewable Energy Investment Ltd (
Shanghai Taisheng Wind Power Equipment Co.Ltd. (
January 2014
Worst Performers Share Price Loss > 15%
LED International Holdings Ltd. (
Tianli Enviromental Protection Eng Co (
Dongying Photovoltaic Power Co Ltd (
LDK Solar (
Neo Solar Power Corp (
China BAK Battery (
China Recycling Energy Corp. (
China Water Affairs Group (
Duoyuan Global Water (
Sinovel Wind Group Company Limited (
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).
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
Tianli Enviromental Protection Eng Co
Sinovel Wind Group Company Limited
Shanghai Yanhua Smartech Group Co Ltd
LED International Holdings Ltd
Jiangsu Akcome Science and Technology Co Ltd
Guangzhou Hongli Opto Electronic Co Ltd
Foshan Electrical and Lighting Co Ltd
Dongying Photovoltaic Power Co Ltd
China Water Affairs Group Ltd.
China Solar & Clean Energy Solns., Inc.
China Renewable Energy Investment Ltd
China Power New Energy Development Co., Ltd
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