November 2014 Result: Another Strong Month Keeps CleanTech in China Ahead

Sydney, Dec 5, 2014 AEST (ABN Newswire) - The China CleanTech Index recorded a 3.2% gain in November 2014 and outperformed three of its four benchmarks.

The China CleanTech Index rose from 48.59 to 50.15 over the month of November recording a 3.2% gain. This compared to the NEX loss of 2.9%, the CTIUS gain of 1.4%, the Shanghai Composite gain of 10.8% and the MSCI gain of 1.8%.

The China CleanTech 20 recorded a strong gain of 4.8% over the month.

The best performing sub-indices for the month were the China Water Index with a 9.1% gain and the China Hydro Index with a 7.0% gain. The two weakest sub-indices through November were the China Solar Index with 6.0% loss and the China Wind Index with a 0.04% loss.

---------------------------------------------------------------Percentage  2011   2012   2013  Nov    3     6     12     3Change                          2014  Mnths  Mnths Mnths  Yrs---------------------------------------------------------------(CCTI)     -48.0% -16.5%  29.2% 3.2%   7.2%  15.5% 10.6% 10.3% (CCT20)    -47.4% -15.5%  24.1% 4.8%   6.7%  17.2% 1.4%  0.7% (NEX)      -40.2%  -5.5%  53.7% -2.9% -12.2% -8.1% 1.7%  36.4% (CTIUS)    -18.3%   7.3%  37.0% 1.4%  -6.4%  -8.6% -3.9% 32.8%(SHCOMP)   -21.7%   3.2%  -6.7% 10.8% 20.9%  31.5% 20.8% 15.0% (MSCI)      -7.6%  13.2%  24.1% 1.8%  -0.5%   1.4% 6.8%  46.8%---------------------------------------------------------------

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 163 stocks in the China CleanTech Index is CNY 1.28 trillion, up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 11 companies having share price gains of more than 20%. The greatest percentage gains were recorded by China Industrial Waste Management (CIWT), China Energy Recovery (CGYV) and Advanced Battery Technologies (ABAT.PK).

These were partially offset by losses from other companies with 10 companies having losses of more than 20%. The greatest percentage gains were recorded by RINO International Corporation (RINO), Hanwei Energy Services (HNWEF.PK) and China Solar & Clean Energy Solutions (CSOL).

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

November 2014

Best Performers
Share Price Gain > 20%

China Energy Recovery
Ledman Optoelectronic
Tianli Environmental Protection Eng
Advanced Battery Technologies
Coslight Technology International Group
Zhejiang Narada Power Source
China Industrial Waste Management
Guangdong Golden Dragon Development
Guangxi Guidong Electric
Qian Jiang Water Resources Development
Zhongshan Public Utilities Group

Worst Performers
Share Price Loss > 20%

Hanwei Energy Services
RINO International Corporation
Canadian Solar
China Solar & Clean Energy Solns
China Sunergy
Daqo New Energy Corp
GCL-Poly Energy Holdings
ReneSola Ltd
Novarise Renewable Resources
China Windpower Group

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 report, please visit:
http://media.abnnewswire.net/media/en/docs/78909-NOV2014-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