China CleanTech Index 1Q14 Quarterly Performance Report April 2014

Sydney, April 9, 2014 AEST (ABN Newswire) - The China CleanTech Index provides the definitive measure of the performance of Chinese cleantech companies that are listed on stock exchanges around the world.

The cleantech industry is split into a number of sub-sectors as detailed in the table below. Each of the sub-sectors contains companies that have both environmental and economic benefits.

Biogas
Geothermal - Hot dry rocks and conventional
Biofuels
Low Emissions Transport Technologies
Carbon Trading
Solar Thermal and Photovoltaics
Energy Efficiency & Biomaterials
Waste Management & Recycling
Energy Storage & Fuel Cells
Water
Environmental Services
Wave, Tidal & Hydro
Green Buildings
Wind Generation

The cleantech sector is fundamentally different to Socially Responsible Investments (SRI) or Environmental, Social and Governance (ESG) performance. SRI and ESG look at incremental improvements in company performance and can be seen as 'operational hygiene' measures that find the best in class. Cleantech focuses on companies whose output positively enhances the communities and ecologies in which they reside. It is about doing 'more good' rather than 'less bad'.

With over 160 companies falling under the coverage of the Index and with a combined market capitalisation of over 1 trillion Renminbi (US$165 billion), the China CleanTech Index presents for the first time a picture of the Chinese cleantech industry's growth in a single measure.

The Index is weighted by market capitalisation and is benchmarked against the following indices to show its relative performance:

- Wilder Hill New Energy Global Innovation Index (NEX) - which measures the performance of global clean energy stocks

- Cleantech Index (CTIUS) - which measures the performance of global cleantech stocks

- China Shanghai Composite Index (SHCOMP) - which measures the performance of stocks listed in Shanghai.

- MSCI World (MSCI) - which provides a measure of the performance of global stock markets.

The rules for the formulation and management of the Index have been developed with reference to global best practice. An overview of these rules is provided in the annual performance report.

The China Cleantech Index is updated each month and published on the SinoCleantech website at www.sinocleantech.com and on the Australian CleanTech website at www.auscleantech.com.au. 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 subscribing at www.sinocleantech.com.

China CleanTech Index Performance

The China CleanTech Index underperformed all of its four benchmarks for the month of March 2014 and recorded a loss of 4.5%.

The China CleanTech Index fell from 46.8 to 44.7 over the month of March recording a 4.5% loss. This compared to the NEX loss of 2.5%, the CTIUS loss of 0.9%, the Shanghai Composite loss of 1.1% and the MSCI loss of 0.1%. The China CleanTech 20 fared worse with a loss of 5.7%.

Over the first quarter of 2014, the China CleanTech Index recorded a gain of 0.7%, underperforming all but one of its benchmark indices. Over the quarter, the NEX gained 11.3%, the CTIUS gained 3.1%, the Shanghai Composite lost 3.9% and the MSCI gained 0.8%.

The twelve month gain for the China CleanTech Index now stands at 15.1% strongly outperforming both the Shanghai Composite although behind the other benchmarks.

-----------------------------------------------------------------------        2009  2010   2011   2012  2013  3/2014  1Q14 6 Mths 12 Mths 3Yrs------------------------------------------------------------------------(CCTI)  77.5%  -9.6% -48.0% -16.5% 29.2% -4.5%  0.7%  7.2%  15.1% -45.1%(CCT20) 59.6% -15.6% -47.4% -15.5% 24.1% -5.7% -6.3%  0.5%   1.3% -49.8%(NEX)   39.7% -14.6% -40.2%  -5.5% 53.7% -2.5% 11.3% 18.1%  56.3% -13.0%(CTIUS)  8.1%   7.3% -18.3%   7.3% 37.0% -0.9%  3.1% 12.5%  27.8%  11.5%  (SHCOMP)80.0% -14.3% -21.7%   3.2% -6.7% -1.1% -3.9% -5.9%  -9.1% -30.6%  (MSCI)  27.0%   9.6%  -7.6%  13.2% 24.1% -0.1%  0.8%  8.4%  16.7%  25.4%------------------------------------------------------------------------CCTI - China CleanTech Index CCT20 - China CleanTech 20 NEX - Wilder Hill New Energy Global Innovation IndexCTIUS - Cleantech Index SHCOMP - China Shanghai Composite Index MSCI - MSCI World 

The market capitalisation of the 165 stocks in the China CleanTech Index is RMB 1.06 trillion (US$171 billion) after its rebalance, up slightly from its prior peak of RMB 1.05 trillion in February 2014 and a long way up from its trough of RMB 604 billion in November 2012.

Best and Worst Stocks

The best and worst performers in terms of share price performance over the month and the first quarter of 2014 are shown in the table below.

Over the month, 13 companies recorded share price gains of more than 20% and 12 companies recorded losses of more than 20%. Over the quarter, 20 companies recorded share price gains of more than 40% and 6 companies recorded losses of more than 30%.

March 2014

Best Performers
Share Price Gain > 20%

China Clean Energy Inc.
Guangzhou Hongli Opto Electronic Co Ltd
HC Semitek
Bodisen Biotech, Inc.
Shenzen Das Intellitech Co., Ltd.
China Singyes Solar Tech. Hold. Ltd
Shunfeng Photovoltaic International
Advanced Battery Technologies
Coslight Technology International Group
Hong Kong Highpower Technology, Inc.
China Recycling Energy Corp.
CleanTech Innovations Inc.
Shanghai Taisheng Wind Power Equipment

Worst Performers
Share Price Loss > 20%

LED International Holdings Ltd.
Canadian Solar Inc
China Solar & Clean Energy Solns., Inc.
Dongying Photovoltaic Power Co Ltd
LDK Solar
Suntech Power Holdings
Yingli Green Energy
China Sun Group High Tech Co.
Duoyuan Global Water
Zhejiang Fuchunjiang Hydropower Equip
China Energine International (Hldgs) Ltd
China Ming Yang Wind Power Group Ltd

First Quarter 2014

Best Performers
Share Price Gain > 40%

China Clean Energy Inc.
Foshan Electrical and Lighting Co., Ltd. (FSL)
Guangzhou Hongli Opto Electronic Co Ltd
HC Semitek
Bodisen Biotech, Inc.
China Singyes Solar Tech. Hold. Ltd
China Solar & Clean Energy Solns., Inc.
Shenzhen Topraysolar
Shunfeng Photovoltaic International
Advanced Battery Technologies
China BAK Battery
China Sun Group High Tech Co.
Hong Kong Highpower Technology, Inc.
Jiangxi Ganfeng Lithium Co.,Ltd.
Sichuan Tianqi Lithium Industries, Inc.
Sound Global Ltd
China Renewable Energy Investment Ltd
CleanTech Innovations Inc.
Shanghai Taisheng Wind Power Equipment
Titan Wind Energy (Suzhou) Co Ltd


Worst Performers
Share Price Loss > 30%

LED International Holdings Ltd.
SmartHeat Inc
Dongying Photovoltaic Power Co Ltd
LDK Solar
Suntech Power Holdings
Duoyuan Global Water


Index Rebalance

The China CleanTech Index underwent its quarterly rebalancing at the end of March which took account of recent share issues and other corporate activity.

After some detailed company research undertaken over the last quarter, 14 additional companies have been added the Index. These companies are detailed below.

Leader Environmental Technologies
LS9.SI
Environmental Services
Leader Environmental Technologies Limited provides design, manufacture, assembly, installation and support services of environmental protection systems, primarily for industrial waste gas and wastewater emissions and wastewater treatments.

RINO International Corporation
RINO
Environmental Services
RINO International Corporation is engaged in the business of designing, manufacturing, installing and servicing wastewater treatment and flue gas desulphurization equipment for use in China's iron and steel industry. www.rinogroup.com

Tinci Holdings Limited
TNCI.LON
Environmental Services
Tinci Holdings Limited is engaged in the design and installation of environmental engineering systems to power industry customers and other heavy power users in China. Its core business is the design and management of Flue Gas Desulphurization (FGD) engineering projects. www.tinciholdings.com

Hareon Solar Technology
600401.SS
Solar
Hareon Solar Technology is engaged in the design, manufacture and sale of solar cells and modules. www.hareonsolar.com/

Trony Solar Holdings
2468.HK
Solar
Trony Solar Holdings develops, manufactures and sells solar products including BIPV projects, PV power plant projects and Off-grid PV systems. www.trony.com/

China Industrial Waste Management
CIWT
Waste
China Industrial Waste Management is engaged in the collection, treatment, disposal and recycling of industrial wastes, municipal sludge and sewage treatment. www.chinaciwt.com

China Metal Recycling
0773.HK
Waste
China Metal Recycling is engaged in the recycling, processing and marketing of metals, including ferrous and nonferrous metals. www.chinametalrecycle.com

Dongjiang Environmental
002672.SZ
Waste
Dongjiang Environmental Company Limited activities comprise industrial waste treatment business, which involves treatment of waste liquid, sludge, waste residue and other waste generated by industrial enterprises. www.dongjiang.com.cn

Shanghai Young Sun Investment
900935.SS
Waste
Shanghai Youngsun Investment operates urban sewage treatment business and related consulting services.
CT Environmental Group
1363.HK
Water
CT Environmental Group provides one-stop centralized and customized wastewater treatment and industrial water supply services focusing on industrial wastewater treatment. www.chongto.com

HanKore Environment Tech Group
B22.SI
Water
Hankore Environment Tech Group is an integrated water environment company engaged in the financing, engineering and construction and , operation for municipal utilities. www.hankore.com

Jiangxi Sanchuan Water Meter
300066.SZ
Water
Jiangxi Sanchuan Water Meter Co is engaged in the research, development, production and distribution of water meter products. www.ytsanchuan.com

Tri-Tech Holding
TRIT
Water
Tri-Tech Holding Inc. is a provider of integrated solutions, products and technologies to water resource management and environmental protection industries. www.tri-tech.cn

Wuhan Sanzhen Industry Holding
600168.SS
Water
Wuhan Sanzhen Industry Holding is engaged in the production and supply of tap water. www.600168.com.cn

Component Sub-Indices

To provide an analysis of the China CleanTech Index, eight sub-indices have been developed. The performance of each of these sub-indices over the last five years and the current quarter are shown in the table and charts below.

Four of the eight sub-indices recorded gains for the quarter. The best results were the 14.6% gain for the China Efficiency Index and the 11.8% gain for the China Solar Index. The worst results were recorded by the 19.7% loss from the China Waste Index and 7.7% loss from the China Hydro Index.

China CleanTech Sub-Indices

--------------------------------------------------------------------                          2009    2010    2011    2012   2013   1Q14China Efficiency Index   102.4%   31.8%  -60.4%  -30.9%  23.5%  14.6%China Environment Index  157.4%   13.5%  -31.1%  -21.8%  37.7%  -6.7%China Solar Index         92.4%  -13.0%  -57.5%  -36.2%  76.9%  11.8%China Storage Index      141.0%  -15.1%  -36.6%   11.7%  32.2%   6.3%China Waste Index         65.7%   99.1%  -25.9%  -12.5%  32.5% -19.7%China Water Index        113.5%    9.6%  -49.7%   -8.0%  37.6%   0.9%China Hydro Index         78.9%  -35.6%  -23.0%    1.1%  -9.9%  -7.7%China Wind Index          45.8%  -21.0%  -57.7%  -32.5%  48.5%  -5.6%--------------------------------------------------------------------

Index Component Companies

The 20 largest Index constituents by market capitalisation on 31 March 2014 are provided in the table below. These stocks will be the constituents of the China CleanTech 20 until the Index rebalance on 30 June 2014.

In the China CleanTech 20, the greatest sub-sector representations are Water with eight companies followed by Wind with four companies.

New entrants to this list at this rebalance are Shunfeng Photovoltaic International, Sichuan Tianqi Lithium Industries and Guangdong Golden Dragon Development. These have taken the place of Shanghai Aero Auto Electromechanical, Beijing SPC Environment Protection and Beijing SJ Environmental Protection.

China Yangtze Power Co., Ltd.
Wave, Tidal, Hydro
Shanghai (SH)
600900.SS

China Longyuan Power Group Corp
Wind
HKSE
0916.HK

China Everbright International
Water
HKSE
0257.HK

Beijing Enterprises Water Group
Water
HKSE
0371.HK

GCL-Poly Energy Holdings
Solar
HKSE
3800.HK

Beijing Originwater Technology Co., Ltd.
Water
Shenzhen SX (SHE)
300070.SZ

Sinohydro Group Ltd
Wave, Tidal, Hydro
Shanghai (SH)
601669.SS

Chongqing Water Group Company Limited
Water
Shanghai (SH)
601158.SS

Xinjiang Goldwind Science & Technology Co.
Wind
Shenzhen SX (SHE)
002202.SZ

Tsinghua Tongfang Co., Ltd.
Energy Efficiency & Biomaterials
Shanghai (SH)
600100.SS

Huaneng Renewables Corp Ltd
Wind
HKSE
0958.HK

Sound Environmental Resources Co., Ltd.
Waste
Shenzhen SX (SHE)
000826.SZ

Chengdu Xingrong Investment Co.,Ltd
Water
Shenzhen SX (SHE)
000598.SZ

Shunfeng Photovoltaic International
Solar
HKSE
1165.HK

Beijing Capital Co., Ltd.
Water
Shanghai (SH)
600008.SS

Sinovel Wind Group Company Limited
Wind
Shanghai (SH)
601558.SS

Fujian Longking Co., Ltd
Environmental Services
Shanghai (SH)
600388.SS

Sichuan Tianqi Lithium Industries, Inc.
Storage & Fuel Cells
Shenzhen SX (SHE)
002466.SZ

Guangdong Golden Dragon Development Inc.
Water
Shenzhen SX (SHE)
000712.SZ

Tianjin Capital Environmental Protection Group Co., Ltd.
Water
Shanghai (SH)
600874.SS

To view tables and charts, please visit:
http://media.abnnewswire.net/media/en/docs/76881-MAR2014-ENG.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 Dorothy Zhao Manager Sino CleanTech Australia: +61-432-294-989 dorothy.zhao@sinocleantech.com