Global Capital Goods Strong Balance Sheet Stocks

Zhejiang Hengwei Battery

Market Cap: CN¥3.1b

Engages in the research, development, production, and sale of battery products in China and internationally.

Qinghai Huading Industrial

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of CNC machine tools, gear boxes, and elevator accessories in China.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥14.9b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Rheinmetall

Market Cap: €90.8b

Provides mobility and security technologies in Germany; the rest of Europe; North, Middle, and South America; Asian regions, and internationally.

Vertiv Holdings Co

Market Cap: US$54.1b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Shenyang Yuanda Intellectual Industry GroupLtd

Market Cap: CN¥4.2b

Researches, develops, manufactures, installs, and sells elevators in China and internationally.

AVIC Shenyang Aircraft

Market Cap: CN¥181.1b

Engages in the manufacture and sale of aviation products in China.

Hangzhou Zhongtai Cryogenic Technology

Market Cap: CN¥8.3b

Develops, designs, manufactures, and sells cryogenic equipment in China.

Guangdong Lingxiao Pump IndustryLtd

Market Cap: CN¥6.1b

Guangdong Lingxiao Pump Industry Co.,Ltd.

Power HF

Market Cap: CN¥5.2b

Researches and develops, manufactures, and sells diesel engines in China and internationally.

Guangzhou Haoyang ElectronicLtd

Market Cap: CN¥5.8b

Engages in the research and development, production engineering, manufacture, sale, and service of professional stage, TV, concert, theatre and architectural lighting products worldwide.

Nanfang Ventilator

Market Cap: CN¥6.1b

Designs and manufactures HVAC products in China.

Dijet Industrial

Market Cap: JP¥3.1b

Engages in the manufacture and sale of cemented carbide tools worldwide.

Kyodo Paper Holdings

Market Cap: JP¥3.2b

Sells paper and paper products.

Union Tool

Market Cap: JP¥136.1b

Designs, manufactures, and sells of cutting tools, linear motion products, and metal machining equipment in Japan, China, Taiwan, and internationally.

Cinderson Tech (Suzhou)

Market Cap: CN¥5.7b

Researches and develops, produces, and sells micro and special motors, and related products.

Shanghai Guangdian Electric Group

Market Cap: CN¥3.6b

Shanghai Guangdian Electric Group Co., Ltd.

Chengdu Jiachi Electronic Technology

Market Cap: CN¥27.8b

Chengdu Jiachi Electronic Technology Co., Ltd.

Shanghai Kelai Mechatronics EngineeringLtd

Market Cap: CN¥5.4b

Shanghai Kelai Mechatronics Engineering Co.,Ltd.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.9b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

Jiangsu JIXIN Wind Energy Technology

Market Cap: CN¥5.0b

Jiangsu JIXIN Wind Energy Technology Co., Ltd.

Shanghai Mechanical & Electrical IndustryLtd

Market Cap: CN¥25.7b

Shanghai Mechanical & Electrical Industry Co.,Ltd.

Sanhe Tongfei Refrigeration

Market Cap: CN¥14.4b

Manufactures and sells industrial temperature control products in China.

Ebara

Market Cap: JP¥1.4t

Manufactures and sells pumps, compressors, turbines, and chillers in Europe, the Middle East, Africa, Asia, Japan, Oceania, North America, and Central and South America.

Moriya Transportation Engineering and ManufacturingLtd

Market Cap: JP¥88.1b

Moriya Transportation Engineering and Manufacturing Co.,Ltd.

Mega Union Technology

Market Cap: NT$40.7b

Engages in the planning, design, and installation of water and wastewater recycling systems in Taiwan, Singapore, the United States, Mainland China, and internationally.

Nippon Carbon

Market Cap: JP¥48.3b

Engages in the manufacture and sale of carbon products in Japan.

Nippon Tungsten

Market Cap: JP¥6.7b

Provides rare metal and fine ceramic products primarily composed of tungsten based on powder metallurgical technology.

Pourin Special Welding Technology

Market Cap: CN¥3.4b

Pourin Special Welding Technology Co., Ltd.

Kung Sing Engineering

Market Cap: NT$6.0b

Engages in the construction business in Taiwan.

YashimaLtd

Market Cap: JP¥8.2b

Engages in the sale, maintenance, and import/export of railway related products and electronic parts for industrial machines in Japan and internationally.

Mansei

Market Cap: JP¥8.5b

Provides electronic products in Japan.

Oriental Shiraishi

Market Cap: JP¥55.6b

Produces, constructs, and sells prestressed concrete products and structures in Japan.

Maezawa Kasei Industries

Market Cap: JP¥32.6b

Produces and sells water and sewerage related products, and environmental equipment.

Otec

Market Cap: JP¥27.9b

Trades pipework equipment in Japan.

Moriya

Market Cap: JP¥11.4b

Operates as a general construction company in Japan.