January 2015 Result: China CleanTech Companies Continue to Outperform

Sydney, Feb 9, 2015 AEST (ABN Newswire) - January 2015 Result: China CleanTech Companies Continue to Outperform

The China CleanTech Index recorded a 1.1% gain in January 2015 and outperformed all of its four benchmarks.

The China CleanTech Index rose from 52.70 to 53.27 over the month of January recording a 1.1% gain. This compared to the NEX loss of 1.5%, the CTIUS loss of 3.3%, the Shanghai Composite loss of 0.7% and the MSCI loss of 1.9%.

The China CleanTech 20 recorded a loss of 2.1% over the month.

The best performing sub-indices for the month were the China Storage Index with a 12.2% gain and the China Efficiency Index with a 9.7% gain. The two weakest sub-indices through January were the China Hydro Index with 7.3% loss and the China Water Index with a 0.7% loss.

---------------------------------------------------------------Percentage  2012   2013   2014  Jan    3      6      12     3Change                          2015  Mnths   Mnths  Mnths  Yrs---------------------------------------------------------------(CCTI)     -16.5%  29.2%  18.8%  1.1%   9.6%  23.9%  18.6%  28.8%(CCT20)    -15.5%  24.1%  18.2% -2.1%  16.8%  29.3%  21.3%  19.6%(NEX)       -5.5%  53.7%  -3.2% -1.5%  -8.2% -12.0%  -7.5%  26.8%(CTIUS)      7.3%  37.0%  -8.4% -3.3%  -3.9%  -8.8%  -6.0%  20.8%(SHCOMP)     3.2%  -6.7%  52.8% -0.7%  32.6%  45.8%  57.9%  40.0%(MSCI)      13.2%  24.1%   2.9% -1.9%  -1.8%  -2.1%   4.9%  35.2%---------------------------------------------------------------

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 165 stocks in the China CleanTech Index is CNY 1.39 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 Energy Recovery Inc (CGYV), China Clean Energy Inc. (CCGY) and SmartHeat Inc (HEAT).

These were partially offset by losses from other companies with 14 companies having losses of more than 10%. The greatest percentage gains were recorded by Daqo New Energy Corp (DQ), Yingli Green Energy (YGE) and Power Construction Corporation of China Ltd (previously Sinohydro Group Ltd) (601669.SS).

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

January 2015
Best Performers
Share Price Gain > 20%

China Clean Energy Inc. (CCGY:OTCMKTS)
China Energy Recovery Inc (CGYV:OTCMKTS)
SmartHeat Inc (HEAT:OTCMKTS)
Tellhow Sci-Tech
Shanghai Yanhua Smartech (SHE:002178)
Wuhan Linuo Solar Energy Group (SHA:600885)
Shenzhen Desay Battery Technology (SHE:000049)
Sichuan Tianqi Lithium Industries, Inc. (SHE:002466)
Sunwoda Electronics (SHE:300207)
Chiho-Tiande Group (HKG:0976)
Sinovel Wind Group Company (SHA:601558)


Worst Performers
Share Price Loss > 10%

Leader Environmental Technologies
Canadian Solar Inc (NASDAQ:CSIQ)
China Solar & Clean Energy Solns (CSOL:OTCMKTS)
Daqo New Energy Corp. (NYSE:DQ)
Green Energy Technology
Hanwha Solarone (NASDAQ:HSOL)
ReneSola (NYSE:SOL)
Sino-American Silicon Products
Yingli Green Energy (NYSE:YGE)
Advanced Battery Technologies (ABAT:OTCMKTS)
C&G Environmental Protection Holdings (SGX:D79)
Novarise Renewable Resources (ASX:NOE)
Sound Global (HKG:0967)
Power Construction Corporation of China (SHA:601669)

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/79318-JAN-2015-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