China CleanTech July 2103 - Solar Recovery Continues to Drive Index Growth

Sydney, Aug 5, 2013 AEST (ABN Newswire) - The China CleanTech Index rose strongly in July 2013 to resume its strong performance from earlier in 2013. Over the month, the Index outperformed all but one of its four benchmarks.

The China CleanTech Index rose from 37.0 to 39.8 over the month of July recording a 7.5% gain. This compared to the NEX gain of 8.0%, the CTIUS gain of 7.3%, the Shanghai Composite gain of only 0.7% and the MSCI gain of 5.2%.

The China CleanTech 20 also recorded a good gain for the month of 6.9% although behind the wider Index showing that there is strong growth amongst some of the smaller stocks in the Index.

The Index performance for the last 12 months shows a gain of 22.1%, which is ahead of the Shanghai Composite and the MSCI but lagging the global cleantech related indices.

The best performing sub-indices for the month were the China Solar Index which continued its recovery with a 15.5% gain and the China Storage Index with a 14.3% gain. As shown overleaf, of the 14 stocks that recorded gains of more than 30% over the month, eight of these were solar companies. The two weakest sub-indices through July were the China Hydro Index which recorded a gain of only 0.3% and the China Efficiency Index recording a gain of 3.5%.

--------------------------------------------------------Percentage Change     2009   2010   2011   2012  --------------------------------------------------------China CleanTech Index 77.5%  -9.6% -48.0% -16.5% China CleanTech 20    59.6% -15.6% -47.4% -15.5% NEX                   39.7% -14.6% -40.2%  -5.5%  CTIUS                 38.1%   7.3% -18.3%   7.3% Shanghai Composite    80.0% -14.3% -21.7%   3.2% MSCI                  27.0%   9.6%  -7.6%  13.2%  ----------------------------------------------------------------------------------------------------------------Percentage Change     JUL'13 3 Mths 6 Mths 12 Mths 3 Yrs--------------------------------------------------------China CleanTech Index   7.5%  3.7%   5.8%  22.1%  -43.3%China CleanTech 20      6.9%  1.2%   4.6%  20.1%  -42.9%NEX                     8.0% 15.4%  24.9%  51.9%  -19.4%CTIUS                   7.3%  7.8%  11.1%  33.2%   17.0%Shanghai Composite      0.7% -8.5% -16.5%  -5.3%  -24.4%MSCI                    5.2%  2.2%   7.3%  20.6%   33.7%--------------------------------------------------------

The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 872 billion, falling from its peak of CNY 911 billion in February 2011 but 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 30%. The greatest percentage gains were recorded by China Recycling Energy Corp. (CREG), ReneSola (SOL) and Hanwha Solarone (HSOL).

These were partially offset by losses from other companies with 8 companies having losses of more than 20%. The greatest percentage losses were recorded by CNPV Solar Power SA (ALCNP.PA), SmartHeat Inc (HEAT) and Bodisen Biotech, Inc. (BBCZ).

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

July 2013
Best Performers - Share Price Gain > 30%

China Clean Energy Inc. (CCGY:OTCMKTS)
Canadian Solar Inc (NASDAQ:CSIQ)
China Solar Energy Holdings Limited (HKG:0155)
China Sunergy (NASDAQ:CSUN)
Hanwha Solarone Co Ltd (NASDAQ:HSOL)
JinkoSolar Holding Co., Ltd. (NYSE:JKS)
ReneSola Ltd. (NYSE:SOL)
Shunfeng Photovoltaic International (HKG:1165)
Suntech Power Holdings (NYSE:STP)
Chaowei Power Holdings Limited (HKG:0951)
China BAK Battery (NASDAQ:CBAK)
China Recycling Energy Corp. (NASDAQ:CREG)
Nanjing CEC Environmental Protection Co., Ltd (SHE:300172)
CleanTech Innovations Inc. (CTEK:OTCMKTS)

Worst Performers - Share Price Loss > 20%

HC Semitek (SHE:300323)
SmartHeat Inc (HEAT:OTCMKTS)
Bodisen Biotech, Inc. (LON:BODI)
Hebei Sailhero Environmental Protection High-tech Co.,Ltd (SHE:300137)
China Solar & Clean Energy Solns., Inc. (CSOL:OTCMKTS)
CNPV Solar Power SA (ALCNP:FRA)
China Sun Group High Tech Co. (CSGH:OTCMKTS)
China Hydroelectric Corporation (NYSE:CHC)

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'Brien Managing 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