Melbourne, Australia, Aug 5, 2014 - (ABN Newswire) - The China CleanTech Index recorded a 1.4% loss in July 2014 but still outperformed all but one of its four benchmarks.
The China CleanTech Index fell from 43.63 to 43.01 over the month of July recording a 1.4% loss. This compared to the NEX loss of 6.6%, the CTIUS loss of 6.8%, the Shanghai Composite gain of 7.5% and the MSCI loss of 1.7%.
The China CleanTech 20 recorded a loss of 1.1% over the month.
The best performing sub-indices for the month were the China Hydro Index with a 6.7% gain and the China Efficiency Index with a 1.0% gain. The two weakest sub-indices through July were the China Storage Index which recorded a loss of 7.5% and the China Solar Index recording a loss of 7.3%.
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Percentage 2011 2012 2013 July 2Q 1H 12 3
Change 2014 14 14 Mnths Yrs
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(CCTI) -48.0% -16.5% 29.2% -1.4% 1.9% -4.3% 8.1% -28.6%
(CCT20) -47.4% -15.5% 24.1% -1.1% 0.1% -6.2% -2.8% -33.9%
(NEX) -40.2% -5.5% 53.7% -6.6% 1.0% 5.2% 24.0% 4.4%
(CTIUS) -18.3% 7.3% 37.0% -6.8% -3.6% 3.1% 12.7% 16.0%
(SHCOMP) -21.7% 3.2% -6.7% 7.5% 8.7% 8.3% 10.5% -18.5%
(MSCI) -7.6% 13.2% 24.1% -1.7% 1.6% 7.2% 13.7% 31.3%
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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 1.02 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 losses of more than 20%. The greatest percentage losses were recorded by RINO International Corporation (RINO), HC Semitek (300323.SZ) and Jiangxi Ganfeng Lithium (002460.SZ)
These were partially offset by gains from other companies with 8 companies having gains of more than 20%. The greatest percentage gains were recorded by LED International Holdings (LED.L), Hanwei Energy Services (HNWEF.PK) and SmartHeat Inc (HEAT).
These best and worst performers are shown in the table below.
July 2014
Best Performers
Share Price Gain > 20%
Cofco Biochemical (Anhui) (SHE:300247)
China Clean Energy Inc. (OTCMKTS:CCGY)
Hanwei Energy Services (TSE:HE)
LED International Holdings Ltd. (LON:LED)
SmartHeat Inc (OTCMKTS:HEAT)
Tianli Environmental Protection Eng Co (SHE:300156)
China Solar & Clean Energy Solns., Inc. (OTCMKTS:CSOL)
Shanghai Canature Environmental Products (SHE:300272)
Worst Performers
Share Price Loss > 20%
China Energy Recovery Inc (OTCMKTS:CGYV)
HC Semitek (SHE:300323)
Hebei Sailhero Environmental Protection High-tech (SHE:300137)
RINO International Corporation (OTCMKTS:RINO)
Canadian Solar Inc (NASDAQ:CSIQ)
Hanwha Solarone Co Ltd (NASDAQ:HSOL)
JinkoSolar Holding Co., Ltd. (NYSE:JKS)
LDK Solar (NYSE:LDK)
Neo Solar Power Corp (TPE:3576)
Suntech Power Holdings (NYSE:STP)
Hunan Corun New Energy Co., Ltd. (SHA:600478)
Jiangxi Ganfeng Lithium Co.,Ltd. (SHE:002460)
China Recycling Energy Corp. (NASDAQ:CREG)
Shanghai Taisheng Wind Power Equipment (SHE:300129)
The China Cleantech Index is updated each month and published on the SinoCleantech website at:
http://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 charts and tables, please visit:
http://media.abnnewswire.net/media/en/docs/77794-JUL2014-ENG.pdf
About Sino CleanTech:
Sino Cleantech is the Chinese operational arm of Australian CleanTech based in Beijing and active in facilitating investment from Chinese investors into cleantech in both China and internationally; and investment from international investors into the Chinese cleantech market.
These investments include looking at listed cleantech stocks and direct investment into projects and companies.
The investment projects include a global operation to facilitate investment into large scale solar projects throughout Asia and Europe. This work involves connecting Chinese suppliers, equity investors and banks with international project developers in Europe, India, the Middle East and throughout Asia to help projects reach financial close.
Contact:
John O'Brien
Managing Director, Sino CleanTech
Ph: +61-419-826-372
john.obrien@sinocleantech.com
Dorothy Zhao
Manager, Sino CleanTech
Australia: +61-432-294-989
dorothy.zhao@sinocleantech.com
Source:
Sino CleanTech
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