China Clean Tech April 2015 Result - CleanTech Rides Buoyant Chinese Shares

The China CleanTech Index recorded a 16.1% gain in April 2015 significantly outperforming three its benchmarks but still behind the overall Chinese market.

The China CleanTech Index rose from 64.25 to 74.57 over the month of April recording a 16.1% gain. This compared to the NEX gain of 5.1%, the CTIUS gain of 1.1%, the Shanghai Composite gain of 18.5% and the MSCI gain of 2.2%.

The China CleanTech 20 recorded a better gain of 19.7% over the month.

The best performing sub-indices for the month were the China Hydro Index with a 38.4% gain and the China Storage Index with a 17.1% gain. The two weakest sub-indices through April were the China Environment Index with 9.9% gain and the China Solar Index with a 7.4% gain.

---------------------------------------------------------------
           2012   2013  2014 04-2015  3m   6m    12m    3y
---------------------------------------------------------------
(CCTI)   -16.5%  29.2%  18.8% 16.1%  40.0% 53.5% 76.7%  79.2%
(CCT20)  -15.5%  24.1%  18.2% 19.7%  39.5% 62.9% 80.6%  63.8%
(NEX)     -5.5%  53.7%  -3.2%  5.1%  16.5%  7.0%  3.6%  61.4%
(CTIUS)    7.3%  37.0%  -8.4%  1.1%   9.1%  4.9% -4.1%  33.5%
(SHCOMP)   3.2%  -6.7%  52.8% 18.5%  38.4% 83.5% 119.2% 85.3%
(MSCI)    13.2%  24.1%   2.9%  2.2%   6.0%  4.1%  5.4%  37.4%
---------------------------------------------------------------

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 167 stocks in the China CleanTech Index is CNY 2.2 trillion (US$357 billion), up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 17 companies having share price gains of more than 35%. The greatest percentage gains were recorded by Power Construction Corporation of China Ltd (previously Sinohydro Group Ltd) (601669.SS), China Industrial Waste Management Inc (CIWT) and Cofco Biochemical (Anhui) (000930.SZ)

These were partially offset by losses from other companies with only 8 companies having losses of more than 10%. The greatest percentage losses were recorded by Jiangxi Sanchuan Water Meter Co Ltd (300066.SS), Nanjing CEC Environmental Protection Co., Ltd (300172.SZ) and China Energy Recovery Inc (CGYV).

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

April 2015

Best Performers
Share Price Gain > 35%

Cofco Biochemical (Anhui) (SHE:000930)
China Clean Energy (OTCMKTS:CCGY)
Guangzhou Hongli Opto Electronic (SHE:300219)
RINO International Corporation (OTCMKTS:RINO)
Suntech Power Holdings (NYSE:STP)
Beijing Easpring Material Technology (SHE:300073)
Chaowei Power Holdings (HKG:0951)
Hunan Corun New Energy (SHA:600478)
Tianneng Power International (HKG:0819)
China Industrial Waste Management (OTCMKTS:CIWT)
Sound Environmental Resources (SHE:000826)
Shenzhen Dongjiang Environmental (HKG:0895)
Zhejiang Reclaim Construction Group (SHE:002586)
Power Construction Corporation of China (SHE:601669)
China Energine International (HKG:1185)
China Ming Yang Wind Power (NYSE:MY)
China Power New Energy Development (HKG:0735)

Worst Performers
Share Price Loss > 10%

China Energy Recovery (OTCMKTS:CGYV)
Shanghai Yanhua Smartech (SHE:002178)
E-Ton Solar Tech (TWE:3452)
LDK Solar (NYSE:LDK)
Advanced Battery Technologies (OTCMKTS:ABAT)
Jiangsu Welle Environmetnal (SHE:300190)
Jiangxi Sanchuan Water Meter (SHA:300066)
Nanjing CEC Environmental Protection (SHE:300172)

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 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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