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China CleanTech Index July-September 2014 Quarterly Performance Report October 2014(ABN Newswire Via Acquire Media NewsEdge) Sydney, Australia, Oct 20, 2014 - (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 1.1 trillion Renminbi (US$180 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 outperformed all but one of its four benchmarks for the month of September 2014 and recorded a gain of 2.0%. The China CleanTech Index rose from 46.8 to 47.8 over the month of September recording a 2.0% gain. This compared to the NEX loss of 6.6%, the CTIUS loss of 6.9%, the Shanghai Composite gain of 6.6% and the MSCI loss of 2.9%. The China CleanTech 20 recorded a 1.9% loss. Over the third quarter of 2014, the China CleanTech Index recorded a gain of 9.4%, outperforming all but one of its benchmark indices. Over the quarter, the NEX lost 7.5%, the CTIUS lost 10.9%, the Shanghai Composite gained 15.4% and the MSCI lost 2.6%. The twelve month gain for the China CleanTech Index now stands at 14.5% outperforming all of its benchmarks. This twelve month gain is being driven by the China Water Index (+18.2%), the China Efficiency Index (+38.7%) and the China Hydro Index (+13.9%). --------------------------------------------------------------------------- Percentage 2009 2010 2011 2012 2013 SEP 3Q 6m 12m 3 Change 2014 14 Yrs --------------------------------------------------------------------------- (CCTI) 77.5% -9.6% -48.0% -16.5% 29.2% 2.0% 9.4% 6.9% 14.5% 6.0% (CCT20) 59.6% -15.6% -47.4% -15.5% 24.1% -1.9% 5.5% 1.9% 2.4% -6.8% (NEX) 39.7% -14.6% -40.2% -5.5% 53.7% -6.6% -7.5% -3.7% 13.7% 50.3% (CTIUS) 38.1% 7.3% -18.3% 7.3% 37.0% -6.9% -10.9% -10.0% 1.3% 42.8% (SHCOMP) 80.0% -14.3% -21.7% 3.2% -6.7% 6.6% 15.4% 16.2% 9.4% 0.2% (MSCI) 27.0% 9.6% -7.6% 13.2% 24.1% -2.9% -2.6% 1.5% 10.0% 53.8% ---------------------------------------------------------------------------- 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 after its rebalance is RMB 1.13 trillion (US$185 billion) which has set a new all time high. This is a long way up from the Index's 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 third quarter of 2014 are shown in the table below. Over the month, 16 companies recorded share price gains of more than 25% and 17 companies recorded losses of more than 25%. Over the quarter, 17 companies recorded share price gains of more than 40% and 6 companies recorded losses of more than 40%. September 2014 Best PerformersShare Price Gain > 25% Cofco Biochemical (Anhui)Guangzhou Zhiguang ElectricLED International Holdings Ltd.Ledman Optoelectronic Co LtdSmartHeat IncHebei Sailhero Environmental Protection High-techLeader Environmental Technologies LtdRINO International CorporationTinci Holdings LimitedZhejiang Feida Environmental Science TechnologyRisen Energy Co., Ltd.Novarise Renewable Resources LtdWuhan Sanzhen Industry Holding Co., LtdSinohydro Group LtdChina Energine International (Hldgs) LtdCleanTech Innovations Inc. Worst PerformersShare Price Loss > 25% Bodisen Biotech, Inc.Canadian Solar IncChina SunergyComtec Solar Systems Group LimitedJinkoSolar Holding Co., Ltd.LDK SolarShunfeng Photovoltaic InternationalSuntech Power HoldingsTrina SolarYingli Green EnergyAdvanced Battery TechnologiesChina Sun Group High Tech Co.Unilumin Group Co LtdChina Industrial Waste Management IncDuoyuan Global WaterChina Ming Yang Wind Power Group LtdCleantech Solutions International Inc Third Quarter 2014 Best PerformersShare Price Gain > 40% Cofco Biochemical (Anhui)Hanwei Energy ServicesLED International Holdings Ltd.Ledman Optoelectronic Co LtdDalian East New Energy Development Co.,LtdLeader Environmental Technologies LtdZhejiang Feida Environmental Science TechnologyBeijing Jingyuntong Technology Co LtdJiangsu Akcome Solar Science and Technology CoChina Industrial Waste Management IncGuangxi Guidong ElectricHeilongjiang Interchina Water Treatment Co LtdSichuan Minjiang Hydropower Co., LtdSinohydro Group LtdYunnan Wenshan Electric Power Co., LtdCleanTech Innovations Inc.Jiangsu Jixin Wind Energy Worst PerformersShare Price Loss > 40% Bodisen Biotech, Inc.Comtec Solar Systems Group LimitedLDK SolarSuntech Power HoldingsJiangxi Ganfeng Lithium Co.,Ltd.Cleantech Solutions International Inc Index Rebalance The China CleanTech Index underwent its quarterly rebalancing at the end of September which took account of recent share issues and other corporate activity. One company was removed from the index and no additional companies were added during this rebalance. The company removed from the Index was China Hydroelectric Corporation which was delisted following its acquisition by CPT Wyndham Holdings Ltd. 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. Seven of the eight sub-indices recorded gains for the quarter. The best results were the 23.2% gain for the China Hydro Index and the 22.2% gain for the China Efficiency Index. The worst results were recorded by the 9.3% loss from the China Solar Index and 3.1% gain from the China Storage Index. China CleanTech Sub-Indices 2009 2010 2011 2012 2013 3Q14 China Efficiency Index 102.4% 31.8% -60.4% -30.9% 23.5% 22.2% China Environment Index 157.4% 13.5% -31.1% -21.8% 37.7% 21.9% China Solar Index 92.4% -13.0% -57.5% -36.2% 76.9% -9.3% China Storage Index 141.0% -15.1% -36.6% 11.7% 32.2% 3.1% China Waste Index 65.7% 99.1% -25.9% -12.5% 32.5% 5.8% China Water Index 113.5% 9.6% -49.7% -8.0% 37.6% 12.0% China Hydro Index 78.9% -35.6% -23.0% 1.1% -9.9% 23.2% China Wind Index 45.8% -21.0% -57.7% -32.5% 48.5% 4.6% Index Component Companies The 20 largest Index constituents by market capitalisation on 30 September 2014 are provided in the table below. These stocks will be the constituents of the China CleanTech 20 until the Index rebalance on 31 December 2014. In the China CleanTech 20, the greatest sub-sector representations are Water with seven companies followed by Wind with four companies each. New entrants to this list at this rebalance are Guangdong Golden Dragon Development, Hareon Solar Technology, Beijing SJ Environmental Protection and Beijing New Building Materials Public. These have taken the place of Sunfeng Photovoltaic, Comtec Solar, Tianjin Capital and Wuhan Linuo Solar Energy. Company Sector Exchange Code 1 China Yangtze Power C HYDRO Shanghai (SH) 600900.SS 2 China Longyuan Power Group Corp WIND HKSE 0916.HK 3 Sinohydro Group HYDRO Shanghai (SH) 601669.SS 4 Beijing Enterprises Water Group WATER HKSE 0371.HK 5 China Everbright International WATER HKSE 0257.HK 6 GCL-Poly Energy Holdings SOLAR HKSE 3800.HK 7 Beijing Originwater Technology WATER Shenzhen (SHE)300070.SZ 8 Xinjiang Goldwind Science & Technology WIND Shenzhen (SHE)002202.SZ 9 Chongqing Water Group Company WATER Shanghai (SH) 601158.SS 10 Tsinghua Tongfang BIOMATERIALS Shanghai (SH) 600100.SS 11 Sound Environmental Resources WASTE Shenzhen (SHE)000826.SZ 12 Huaneng Renewables WIND HKSE 0958.HK 13 Chengdu Xingrong Investment WATER Shenzhen (SHE)000598.SZ 14 Beijing Capital WATER Shanghai (SH) 600008.SS 15 Sinovel Wind Group WIND Shanghai (SH) 601558.SS 16 Guangdong Golden Dragon Development WATER Shenzhen (SHE)000712.SZ 17 Hareon Solar Technology SOLAR Shanghai (SH) 600401.SS 18 Sichuan Tianqi Lithium Industries FUEL CELLS Shenzhen (SHE)002466.SZ 19 Beijing SJ Environmental Protection ENVIRONMENTAL Shenzhen (SHE)300072.SZ 20 Beijing New Building Materials Public BUILDINGS Shenzhen (SHE)000786.SZ To view the report, please visit:http://media.abnnewswire.net/media/en/docs/78394-3Q14-ENG.pdf 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 Tel: +61-419-826-372 E-mail: [email protected] Dorothy Zhao Manager, Sino CleanTech Australia: +61-432-294-989 E-mail: [email protected] Copyright (C) 2014 ABN Newswire. All rights reserved. |