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China CleanTech July 2015 Result: Shanghai Drives Index Down

The China CleanTech Index recorded a 12.2% loss in July 2015 underperforming three its global benchmarks. The losses have been driven by the steep plunge across the board on the Shanghai Stock Exchange.

The China CleanTech Index fell from 65.01 to 57.10 over the month of July recording a 12.2% loss. This compared to the NEX loss of 5.9%, the CTIUS loss of 1.1%, the huge Shanghai Composite loss of 14.3% and the MSCI gain of 1.7%.

The China CleanTech 20 also fell steeply with a 9.9% loss. This however showed that the smaller stocks have been hit hardest in the recent rout.

The best performing sub-indices for the month were the China Waste Index with an 8.6% loss and the China Hydro Index with a 9.2% loss. The two weakest sub-indices through July were the China Water Index with 16.3% loss and the China Wind Index with a 16.0% loss.

---------------------------------------------------------------
           2012   2013   2014 07-2015  3m     6m   12m    3y
---------------------------------------------------------------
(CCTI)   -16.5%  29.2%  18.8% -12.2% -23.4%  7.2%  32.8%  75.3%
(CCT20)  -15.5%  24.1%  18.2%  -9.9% -22.6%  8.0%  39.6%  63.1%
(NEX)     -5.5%  53.7%  -3.2%  -5.9%  -9.8%  5.1%  -7.5%  74.2%
(CTIUS)    7.3%  37.0%  -8.4%  -1.1%  -1.5%  7.5%  -2.0%  47.1%
(SHCOMP)   3.2%  -6.7%  52.8% -14.3% -17.5% 14.1%  66.4%  74.1%
(MSCI)    13.2%  24.1%   2.9%   1.7%  -0.7%  5.2%   3.0%  41.2%
---------------------------------------------------------------

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 164 stocks in the China CleanTech Index is CNY 2.0 trillion (US$315 billion), up a long way from its trough of CNY 604 billion in November 2012 but down from its peak of CNY 2.3 trillion in June 2015.

The month's performance was driven by 21 companies having share price losses of more than 30%. The greatest percentage losses were recorded by China Industrial Waste Management Inc (CIWT), Zhongshan Public Utilities Group (000685.SZ) and Sinovel Wind Group Company Limited (601558.SS).

These were slightly offset by gains from just 14 companies, only six of which are listed in mainland China. The greatest percentage gains were recorded by China Sun Group High Tech Co. (CSGH.OB), China Clean Energy Inc. (CCGY) and Leader Environmental Technologies Ltd (LS9.SI).

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

July 2015

Best Performers
Share Price Gain > 0%

China Clean Energy (OTCMKTS:CCGV)
Beijing SJ Environmental Protection and New Material (SHE:300072)
Leader Environmental Technologies
Neo Solar Power (TPE:3576)
Risen Energy (SHE:300118)
Wuhan Linuo Solar Energy Group (SHA:600885)
China Sun Group High Tech. (OTCMKTS:CSGH)
Sound Environmental Resources (SHE:000826)
Shanghai Young Sun Investment
CT Environmental Group
Duoyuan Global Water (OTCMKTS:DGWIY)
Guangxi Guidong Electric
China Longyuan Power Group (HKG:0916)
Huaneng Renewables (HKG:0958)

Worst Performers
Share Price Loss > 30%

China Energy Recovery (OTCMKTS:CGYV)
Foshan Nationstar Optoelectronics
Shenzhen AOTO Electronics (SHA:601158)
Dalian East New Energy Development (SHE:300125)
Shantou Wanshun Package Material (SHE:300057)
Hareon Solar Technology (SHA:600401)
Henan Xindaxin Materials
LDK Solar (NYSE:LDK)
Shunfeng Photovoltaic International (HKG:1165)
Yingli Green Energy (NYSE:YGE)
Zhejiang Narada Power Source (SHE:300068)
China Industrial Waste Management (OTCMKTS:CIWT)
Guangdong Golden Dragon Development (SHE:000712)
Jiangsu Jiangnan Water
Qian Jiang Water Resources Development
Zhongshan Public Utilities Group
Zhongyuan Environment-Protection
Fujian Mindong Electric Power
Zhejiang Fuchunjiang Hydropower Equip (SHE:002266)
Jiangsu Jixin Wind Energy (SHA:601218)
Sinovel Wind Group (SHA:601558)

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 is the Chinese operational arm of Australian CleanTech based in Beijing and active in facilitating investment from Chinese investors into cleantech in both China and internationally; and investment from international investors into the Chinese cleantech market.

These investments include looking at listed cleantech stocks and direct investment into projects and companies.

The investment projects include a global operation to facilitate investment into large scale solar projects throughout Asia and Europe. This work involves connecting Chinese suppliers, equity investors and banks with international project developers in Europe, India, the Middle East and throughout Asia to help projects reach financial close.

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
 


Source:

Sino CleanTech

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