Chinese Utilities Strong Balance Sheet Stocks

Jiangxi Hongcheng EnvironmentLtd

Market Cap: CN¥11.8b

Produces and supplies tap water in China.

GreenTech Environmental

Market Cap: CN¥2.9b

Engages in the water treatment and waste-to-resources projects in the People’s Republic of China.

Heilongjiang Interchina Water TreatmentLtd

Market Cap: CN¥4.9b

Engages in the construction and operation of water treatment, environmental protection projects, energy saving and clean energy transformation and other related project and other related projects in China.

Shenzhen Nanshan Power

Market Cap: CN¥3.7b

Produces and sells power and heat.

Jiaze Renewables

Market Cap: CN¥9.5b

Engages in the development, construction, sale, operation, and maintenance of new energy power stations in China.

GEPIC Energy Development

Market Cap: CN¥21.3b

Engages in hydropower, wind power, and photovoltaic power generation business in China.

Leshan Electric PowerLtd

Market Cap: CN¥7.3b

Engages in generation and supply of hydropower.

Sichuan New Energy Power

Market Cap: CN¥19.1b

Produces and sells chemical fertilizers, basic chemical raw materials, and organic chemical products in China.

Bestsun Energy

Market Cap: CN¥5.1b

Engages in the city gas business.

Gresgying Digital Energy TechnologyLtd

Market Cap: CN¥6.2b

Engages in new energy charging, energy storage, and railway transportation business in China.

Chongqing Sanfeng Environment Group

Market Cap: CN¥14.3b

Chongqing Sanfeng Environment Group Corp., Ltd.

Hengsheng Energy

Market Cap: CN¥5.0b

Engages in coal-fired thermal power business in China.