China CleanTech - August 2014 Result: Strong Gains across all Sectors Drive 8.8% Gain

The China CleanTech Index recorded a very strong 8.8% gain in August 2014 and outperformed all of its four benchmarks.

The China CleanTech Index rose from 43.01 to 46.79 over the month of August recording an 8.8% gain. This compared to the NEX gain of 5.9%, the CTIUS gain of 2.7%, the Shanghai Composite gain of 0.7% and the MSCI gain of 2.0%.

The China CleanTech 20 recorded a gain of 8.7% over the month.

The best performing sub-indices for the month were the China Efficiency Index with a 13.0% gain and the China Storage Index with an 11.6% gain. The two weakest sub-indices through August were the China Waste Index which recorded a gain of only 4.5% and the China Water Index recording a gain of 5.5%.

---------------------------------------------------------------
Percentage  2011   2012   2013  Aug    3     6     12     3
Change                          2014  Mnths  Mnths Mnths  Yrs
---------------------------------------------------------------
(CCTI)     -48.0% -16.5%  29.2% 8.8%  -1.0%  0.0%  17.7% -13.5% 
(CCT20)    -47.4% -15.5%  24.1% 8.7%   0.9% -2.0%   7.8% -19.2% 
(NEX)      -40.2%  -5.5%  53.7% 5.9%  -1.1%  0.5%  34.6%  24.2% 
(CTIUS)    -18.3%   7.3%  37.0% 2.7%  -4.9% -4.2%  17.9%  29.3%
(SHCOMP)   -21.7%   3.2%  -6.7% 0.7%   8.0%  7.9%   5.7% -13.6% 
(MSCI)      -7.6%  13.2%  24.1% 2.0%   0.0%  4.4%  18.7%  44.4%
---------------------------------------------------------------

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 164 stocks in the China CleanTech Index is CNY 1.11 trillion, up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 14 companies having share price gains of more than 25%. The greatest percentage gains were recorded by China Industrial Waste Management Inc (CIWT), RINO International Corporation (RINO) and CleanTech Innovations Inc. (CTEK).

These were partially offset by losses from other companies with 12 companies having losses of more than 5%. The greatest percentage gains were recorded by SmartHeat Inc (HEAT), China Clean Energy Inc. (CCGY) and LDK Solar (LDK).

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

August 2014

Best Performers
Share Price Gain > 25%

Foshan Electrical and Lighting Co., Ltd. (SHE:0000541)
Ledman Optoelectronic Co Ltd
RINO International Corporation (OTCMKTS:RINO)
Canadian Solar Inc (NASDAQ:CSIQ)
Daqo New Energy Corp. (NYSE:DQ)
Jiangsu Akcome Solar Science and Technology Co (SHE:00210)
Sungrow Power Supply Co (SHE:300274)
Advanced Battery Technologies (OTCMKTS:ABAT)
Hong Kong Highpower Technology, Inc. (NASDAQ:HPJ)
Sichuan Tianqi Lithium Industries, Inc. (SHE:002466)
Unilumin Group Co Ltd
China Industrial Waste Management Inc (OTCMKTS:CIWT)
Yunnan Wenshan Electric Power Co., Ltd
CleanTech Innovations Inc. (OTCMKTS:CTEK)

Worst Performers
Share Price Loss > 5%

China Clean Energy Inc. (OTCMKTS:CCGY)
SmartHeat Inc (OTCMKTS:HEAT)
Green Energy Technology
LDK Solar (NYSE:LDK)
Sino-American Silicon Products
Chaowei Power Holdings Limited (HKG:0951)
China BAK Battery (NASDAQ:CBAK)
Coslight Technology International Group (HKG:1043)
Jiangxi Ganfeng Lithium Co.,Ltd. (SHE:002460)
Novarise Renewable Resources Ltd (ASX:NOE)
Duoyuan Global Water (OTCMKTS:DGWIY)
Cleantech Solutions International Inc (NASDAQ:CLNT)

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.

 

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Sungrow Power Supply Co Ltd
   

SmartHeat Inc.
   

Sino CleanTech
   

RINO International Corporation
   

Novarise Renewable Resources Intl Ltd
   

LDK Solar Co., Ltd
     

Jiangxi Ganfeng Lithium Co Ltd
   

Jiangsu Akcome Science and Technology Co Ltd
   

Hong Kong Highpower Technology, Inc.
   

Foshan Electrical and Lighting Co Ltd
   

Duoyuan Global Water Inc
   

Daqo New Energy Corp.
   

Coslight Technology International Group
   

Cleantech Solutions International Inc
   

Cleantech Innovations, Inc.
   

China Industrial Waste Management Inc.
   

China Clean Energy Inc.
   

China BAK Battery
   

Chaowei Power Holdings Limited
   

Canadian Solar Inc.
   

Advanced Battery Technologies, Inc.