Sino CleanTech Index August 2013 Result - Flat Month Outperforms Global Cleantechs

Sydney, Sep 9, 2013 AEST (ABN Newswire) - The China CleanTech Index was level in August 2013 and outperformed all but one of its four benchmarks.

The China CleanTech Index fell from 39.78 to 39.76 over the month of August recording a 0.1% loss. This compared to the NEX loss of 2.4%, the CTIUS loss of 1.8%, the Shanghai Composite gain of 5.3% and the MSCI loss of 2.3%.

The China CleanTech 20 recorded a loss of 2.0% over the month showing that the larger companies had a poor month and the smaller companies had a good month.

The Index performance for the last 12 months shows a gain of 22.3%, which is ahead of the Shanghai Composite and the MSCI but still lags the global cleantech related indices.

The best performing sub-indices for the month were the China Storage Index with a 5.6% gain and the China Solar Index with a 3.4% gain. As shown overleaf, of the 12 stocks that recorded gains of more than 20% over the month, four of these were energy storage companies and three were solar companies. The two weakest sub-indices through August were the China Waste Index which recorded a loss of 11.1% and the China Water Index recording a loss of 2.0%.

--------------------------------------------------------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     Aug'13 3 Mths 6 Mths 12 Mths 3 Yrs--------------------------------------------------------China CleanTech Index  -0.1% -7.0%  -1.1%  22.3%  -45.4%China CleanTech 20     -2.0% -8.0%  -3.2%  19.6%  -45.5%NEX                    -2.4%  0.1%  19.3%  39.2%  -15.6%CTIUS                  -1.8%  1.9%   7.1%  26.1%   25.4%Shanghai Composite      5.3% -8.8% -11.3%   2.4%  -20.5%MSCI                   -2.3%  0.1%   4.8%  15.1%   36.3% --------------------------------------------------------

The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 871 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 12 companies having share price gains of more than 20%. The greatest percentage gains were recorded by CNPV Solar Power SA (ALCNP.PA), China Sun Group High Tech Co. (CSGH.OB) and Shunfeng Photovoltaic International (1165.HK).

These were offset by losses from other companies with 5 companies having losses of more than 20%. The greatest percentage losses were recorded by China Recycling Energy Corp. (CREG) and China Solar & Clean Energy Solns., Inc. (CSOL).

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

August 2013Best PerformersShare Price Gain > 20%-------------------------------------------------------Shantou Wanshun Package Material Co., Ltd. (SHE:300057)CNPV Solar Power SA (EPA:ALCNP)Shunfeng Photovoltaic International (HKG:1165)Trina Solar (NYSE:TSL)China Sun Group High Tech Co. (CSGH:OTCMKTS)EVE (SHE:300014)Hong Kong Highpower Technology, Inc. (NASDAQ:HPJ)Sunwoda Electronics Co (SHE:300207)Duoyuan Global Water (DGWIY:OTCMKTS)Zhejiang Fuchunjiang Hydropower Equip (SHE:002266)CleanTech Innovations Inc. (CTEK:OTCMKTS)Huayi Electric Co., Ltd. (SHA:600290)Worst PerformersShare Price Loss > 20%-------------------------------------------------------China Solar & Clean Energy Solns., Inc. (CSOL:OTCMKTS)Hanwha Solarone Co Ltd (NASDAQ:HSOL)JA Solar Holdings (NASDAQ:JASO)Suntech Power Holdings (NYSE:STP)China Recycling Energy Corp. (NASDAQ:CREG)

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 the tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/75893-China_Cleantech_August_2013.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.

 

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