China CleanTech Index: April 2014 Result Second Weak Month Sheds Six Month Gains

The China CleanTech Index recorded a 5.6% loss in April 2014 and underperformed all of its four benchmarks.

The China CleanTech Index fell from 44.68 to 42.14 over the month of April recording a 5.6% loss. This compared to the NEX loss of 3.7%, the CTIUS loss of 2.3%, the Shanghai Composite loss of 0.4% and the MSCI gain of 0.8%.

The China CleanTech 20 recorded a loss of 4.5% over the month.

The best performing sub-indices for the month were the China Waste Index with a 0.9% loss and the China Hydro Index with a 1.8% loss. The two weakest sub-indices through April were the China Storage Index which recorded a loss of 11.7% and the China Solar Index recording a loss of 7.5%.

Percentage Change
--------------------------------------------------------------
        2011   2012  2013  4/2014  3 Mths 6 Mths 12 Mths 3Yrs
--------------------------------------------------------------
(CCTI)  -48.0% -16.5% 29.2% -5.6%  -6.1%  -0.9%  10.0%  -45.7%
(CCT20) -47.4% -15.5% 24.1% -4.5%  -6.3%  -7.0%  -1.7%  -50.7%
(NEX)   -40.2%  -5.5% 53.7% -3.7%   4.1%   8.2%  41.7%  -15.1%
(CTIUS) -18.3%   7.3% 37.0% -2.3%   6.9%   6.2%  26.0%    6.6%  
(SHCOMP)-21.7%   3.2% -6.7% -0.4%  -0.4%  -5.3%  -7.0%  -30.4%  
(MSCI)   -7.6%  13.2% 24.1% 0.8%    5.6%   5.3%  14.3%   21.5%
--------------------------------------------------------------
CCTI - China CleanTech Index 
CCT20 - China CleanTech 20 
NEX - Wilder Hill New Energy Global Innovation Index
CTIUS - Cleantech Index 
SHCOMP - China Shanghai Composite Index 
MSCI - MSCI World 

The market capitalisation of the 165 stocks in the China CleanTech Index is CNY 1.00 trillion, up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 11 companies having share price losses of more than 25%. The greatest percentage losses were recorded by EVE Energy (300014.SZ), Duoyuan Global Water (DGWIY), China Sunergy (CSUN) and Advanced Battery Technologies (ABAT).

These were partially offset by gains from other companies with 11 companies having gains of more than 10%. The greatest percentage gains were recorded by SmartHeat Inc (HEAT), China Sun Group High Tech Co.(CSGH), China Solar & Clean Energy Solns (CSOL) and Shanghai 3F New Materials Co Ltd (600636).

These best and worst performers are shown in the table below.

Best Performers
Share Price Gain > 10%

SmartHeat Inc (OTCMKTS:HEAT)
Shanghai 3F New Materials Co Ltd (SHA:600636)
China Solar & Clean Energy Solns., Inc. (OTCMKTS:CSOL)
Shunfeng Photovoltaic International (HKG:1165)
Chaowei Power Holdings Limited (HKG:0951)
China Sun Group High Tech Co. (OTCMKTS:CSGH)
Sunwoda Electronics Co (SHE:300207)
Chiho-Tiande Group Limited (HKG:0976)
Jiangsu Welle Environmental Co., Ltd. (SHE:300190)
Novarise Renewable Resources Ltd (ASX:NOE)
China Energine International (Hldgs) Ltd (HKG:1185)

Worst Performers
Share Price Loss > 25%

China Sunergy (NASDAQ:CSUN)
Shanghai Chaori Solar Energy Science (SHE:002506)
Yingli Green Energy (NYSE:YGE)
Advanced Battery Technologies
EVE Energy (SHE:300014)
Hong Kong Highpower Technology, Inc. (NASDAQ:HPJ)
Shenzhen Desay Battery Technology (SHE:000049)
Duoyuan Global Water (OTCMKTS:DGWIY)
Nanjing CEC Environmental Protection (SHE:300172)
China Ming Yang Wind Power Group Ltd (NYSE:MY)
Shanghai Taisheng Wind Power Equipment Co.Ltd (SHE:300129)

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.

To view graphs and the release, please visit:
http://media.abnnewswire.net/media/en/docs/77132-APR2014-ENG.pdf


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.

 

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