China CleanTech Index July 2014 Result: Solar & Batteries Drive July Losses

Melbourne, Aug 5, 2014 AEST (ABN Newswire) - The China CleanTech Index recorded a 1.4% loss in July 2014 but still outperformed all but one of its four benchmarks.

The China CleanTech Index fell from 43.63 to 43.01 over the month of July recording a 1.4% loss. This compared to the NEX loss of 6.6%, the CTIUS loss of 6.8%, the Shanghai Composite gain of 7.5% and the MSCI loss of 1.7%.

The China CleanTech 20 recorded a loss of 1.1% over the month.

The best performing sub-indices for the month were the China Hydro Index with a 6.7% gain and the China Efficiency Index with a 1.0% gain. The two weakest sub-indices through July were the China Storage Index which recorded a loss of 7.5% and the China Solar Index recording a loss of 7.3%.

---------------------------------------------------------------Percentage  2011   2012   2013  July   3     6     12     3Change                          2014  Mnths  Mnths Mnths  Yrs---------------------------------------------------------------(CCTI)     -48.0% -16.5%  29.2% -1.4%  1.9% -4.3%   8.1% -28.6% (CCT20)    -47.4% -15.5%  24.1% -1.1%  0.1% -6.2%  -2.8% -33.9% (NEX)      -40.2%  -5.5%  53.7% -6.6%  1.0%  5.2%  24.0%   4.4% (CTIUS)    -18.3%   7.3%  37.0% -6.8% -3.6%  3.1%  12.7%  16.0%(SHCOMP)   -21.7%   3.2%  -6.7%  7.5%  8.7%  8.3%  10.5% -18.5% (MSCI)      -7.6%  13.2%  24.1% -1.7%  1.6%  7.2%  13.7%  31.3%---------------------------------------------------------------

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 164 stocks in the China CleanTech Index is CNY 1.02 trillion, 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 losses of more than 20%. The greatest percentage losses were recorded by RINO International Corporation (RINO), HC Semitek (300323.SZ) and Jiangxi Ganfeng Lithium (002460.SZ)

These were partially offset by gains from other companies with 8 companies having gains of more than 20%. The greatest percentage gains were recorded by LED International Holdings (LED.L), Hanwei Energy Services (HNWEF.PK) and SmartHeat Inc (HEAT).

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

July 2014
Best Performers
Share Price Gain > 20%

Cofco Biochemical (Anhui) (SHE:300247)
China Clean Energy Inc. (CCGY:OTCMKTS)
Hanwei Energy Services (TSE:HE)
LED International Holdings Ltd. (LON:LED)
SmartHeat Inc (HEAT:OTCMKTS)
Tianli Environmental Protection Eng Co (SHE:300156)
China Solar & Clean Energy Solns., Inc. (CSOL:OTCMKTS)
Shanghai Canature Environmental Products (SHE:300272)

Worst Performers
Share Price Loss > 20%

China Energy Recovery Inc (CGYV:OTCMKTS)
HC Semitek (SHE:300323)
Hebei Sailhero Environmental Protection High-tech (SHE:300137)
RINO International Corporation (RINO:OTCMKTS)
Canadian Solar Inc (NASDAQ:CSIQ)
Hanwha Solarone Co Ltd (NASDAQ:HSOL)
JinkoSolar Holding Co., Ltd. (NYSE:JKS)
LDK Solar (NYSE:LDK)
Neo Solar Power Corp (TPE:3576)
Suntech Power Holdings (NYSE:STP)
Hunan Corun New Energy Co., Ltd. (SHA:600478)
Jiangxi Ganfeng Lithium Co.,Ltd. (SHE:002460)
China Recycling Energy Corp. (NASDAQ:CREG)
Shanghai Taisheng Wind Power Equipment (SHE:300129)

The China Cleantech Index is updated each month and published on the SinoCleantech website at:
http://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 charts and tables, please visit:
http://media.abnnewswire.net/media/en/docs/77794-JUL2014-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