Chinese Capital Goods Undervalued based on future growth

XCMG Construction Machinery

Market Cap: CN¥125.9b

Engages in the manufacture and sale of construction machinery in China.

Jiangsu Zhongtian Technology

Market Cap: CN¥59.9b

Produces and sells electrical machinery and equipment for the communications, electric power, marine, new energy, marine engineering construction, and other business sectors in China and internationally.

China Shipbuilding Industry Group Power

Market Cap: CN¥47.2b

China Shipbuilding Industry Group Power Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥41.3b

Manufactures and sells building materials in China and internationally.

China International Marine Containers (Group)

Market Cap: CN¥38.6b

Manufactures and sells logistics and energy equipment in China, the United States, Europe, rest of Asia, and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥37.5b

Manufactures and sells power distribution in China and internationally.

Xiamen C&D

Market Cap: CN¥29.7b

Engages in the supply chain and real estate development businesses in China and internationally.

Guangxi Liugong Machinery

Market Cap: CN¥24.1b

Manufactures and sells construction machinery in China and internationally.

Sinotruk Jinan TruckLtd

Market Cap: CN¥21.8b

Designs, develops, produces, and sells heavy-duty vehicles, special vehicles, mechanical processing, machine tool equipment maintenance, automobile production technology consulting and after-sales services, engines, transmissions, axles, and other assemblies and automotive components in China.

Shanghai Tunnel Engineering

Market Cap: CN¥21.0b

Engages in the consulting, planning, design, investment, construction, and operation of urban infrastructure in China, Hong Kong, India, Singapore, Macau, and internationally.

CIMC Vehicles (Group)

Market Cap: CN¥18.4b

Designs, produces, sells, and services semi-trailers worldwide.

Xi'an Triangle DefenseLtd

Market Cap: CN¥17.6b

Engages in the research, production, sales and service of forging products in the aviation, aerospace, shipbuilding and other industries in China and internationally.

Shantui Construction Machinery

Market Cap: CN¥16.9b

Offers construction machinery products in China and internationally.

Guangdong Construction Engineering Group

Market Cap: CN¥14.8b

Guangdong Construction Engineering Group Co., Ltd.

Windey Energy Technology Group

Market Cap: CN¥14.5b

Researches, develops, manufactures, and sells wind turbines in China.

Shaanxi Construction Engineering Group

Market Cap: CN¥14.3b

Through its subsidiaries, engages in general engineering construction business in China and internationally.

Qingdao Hanhe CableLtd

Market Cap: CN¥13.3b

Engages in the development, production, and sale of cables and wires primarily in China.

SolaX Power Network Technology (Zhejiang)

Market Cap: CN¥12.8b

SolaX Power Network Technology (Zhejiang) Co., Ltd.

Jiangsu Linyang Energy

Market Cap: CN¥12.6b

Provides energy meters, and system products and accessories in China and internationally.

Camel Group

Market Cap: CN¥12.0b

Manufactures and sells green lead-acid and new energy lithium-ion batteries in Mainland China and Internationally.

Xiamen King Long Motor Group

Market Cap: CN¥11.0b

Engages in the research and development, design, manufacturing, and sale of passenger vehicles in China and internationally.

Harbin Electric Corporation Jiamusi Electric MachineLtd

Market Cap: CN¥9.9b

Manufactures and sells electric motors in the People’s Republic of China.

Arctech Solar Holding

Market Cap: CN¥9.8b

Manufactures and supplies solar trackers, fixed-tilt structures, cleaning robots, and energy storage solutions worldwide.

Shandong Hi-Speed Road&Bridge Group

Market Cap: CN¥9.7b

Shandong Hi-Speed Road&Bridge Group Co., Ltd.

Anhui Construction Engineering Group

Market Cap: CN¥8.2b

Anhui Construction Engineering Group Co., Ltd.

Tianrun Industry Technology

Market Cap: CN¥7.2b

Manufactures and sells internal combustion engine crankshafts in China and internationally.

Guangzhou KDT Machinery Group

Market Cap: CN¥7.1b

Guangzhou KDT Machinery Co.,Ltd. engages in the production, and sale of special equipment for furniture machinery primarily in China.

Changgao Electric Group

Market Cap: CN¥5.4b

Engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China.

Ningbo BaoSi Energy Equipment

Market Cap: CN¥5.3b

Engages in research, development, production, and sale of high-end precision mechanical parts and sets of equipment in China and internationally.

Zhejiang Development GroupLtd

Market Cap: CN¥4.5b

Engages in the commodity, financial leasing, online retailing, car sale and after service, and warehousing logistics service businesses in China and internationally.

Jee Technology

Market Cap: CN¥4.3b

Provides solutions for automotive intelligent manufacturing equipment and new energy vehicle e-drive systems.

Changshu Tongrun Auto Accessory

Market Cap: CN¥3.3b

Changshu Tongrun Auto Accessory Co., Ltd.