China CleanTech Index - November 2013 Result - 51% Gain for 12 Months Outperforms World Markets

Sydney, Dec 9, 2013 AEST (ABN Newswire) - The China CleanTech Index recorded a 6.5% gain in November 2013 and outperformed all of its four benchmarks.

The China CleanTech Index rose from 42.56 to 45.34 over the month of November recording a 6.5% gain. This compared to the static NEX, the CTIUS gain of 2.4%, the Shanghai Composite gain of 3.7% and the MSCI gain of 1.6%.

The China CleanTech 20 recorded a slightly stronger gain of 6.6% over the month.

The Index performance for the last 12 months now shows a gain of 50.7%, which is a long way ahead of the 12.1% gain recorded by the Shanghai Composite and the 23.8% recorded by the MSCI World.

The best performing sub-indices for the month were the China Storage Index with a 10.4% gain and the China Environment Index with a 9.1% gain. The China Solar Index only recorded a 4.9% gain this month but has gained 133% over the last 12 months. The two weakest sub-indices through November were the China Hydro Index which recorded a gain of 1.5% and the China Wind Index recording a gain of 4.6%.

The enthusiasm of investors during the month may well have been buoyed by the renewed focus on resolving environmental issues that emerged from the Third Plenary Session of the 18th CPC Central Committee.

--------------------------------------------------------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     NOV'13 3 Mths 6 Mths 12 Mths 3 Yrs--------------------------------------------------------China CleanTech Index  6.5%  14.1%   6.1%  50.7%  -43.3%China CleanTech 20     6.6%  13.5%   4.4%  42.1%  -43.9%NEX                    0.0%  16.3%  16.4%  63.5%   -7.3%CTIUS                  2.4%  14.7%  16.9%  40.0%   27.2%Shanghai Composite     3.7%   5.8%  -3.5%  12.1%  -21.3%MSCI                   1.6%  10.6%  10.6%  23.8%   36.4%--------------------------------------------------------

The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 1,005 billion, recording another new high for the sector and up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 13 companies having share price gains of more than 25%. The greatest percentage gains were recorded by Dongying Photovoltaic Power (ALCNP.PA), Jiangsu Akcome Solar (002610.SZ), Advanced Battery Technologies (ABAT.PK) and C&G Environmental Protection (D79.SI).

These were offset by losses from other companies with 9 companies having losses of more than 10%. The greatest percentage losses were recorded by China Energy Recovery Inc (CGYV), Suntech Power Holdings (STP) and SmartHeat Inc (HEAT).
These best and worst performers are shown in the table below.

November 2013

Best Performers
Share Price Gain > 25%

Dalian East New Energy Development Co.,Ltd
Beijing Jingyuntong Technology Co Ltd
Canadian Solar Inc
Dongying Photovoltaic Power Co Ltd
Jiangsu Akcome Solar Science and Technology
JinkoSolar Holding Co., Ltd.
JS Huasheng Tianlong Photoelec. Co.,Ltd.
Advanced Battery Technologies
Sunwoda Electronics Co
C&G Environmental Protection Holdings Ltd
Beijing Enterprises Water Group
China Power New Energy Development Co., Ltd
China Windpower Group Limited

Worst Performers
Share Price Loss > 10%

China Energy Recovery Inc
SmartHeat Inc
Bodisen Biotech, Inc.
China Sunergy
Hanwha Solarone Co Ltd
Suntech Power Holdings
Yingli Green Energy
China Sun Group High Tech Co.
Duoyuan Global Water

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