Chinese Capital Goods Undervalued based on future growth

XCMG Construction Machinery

Market Cap: CN¥138.0b

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

Sunwoda ElectronicLtd

Market Cap: CN¥48.4b

Engages in the research, design, development, production, and sale of lithium-ion battery modules in China and internationally.

China International Marine Containers (Group)

Market Cap: CN¥47.3b

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

Beijing New Building Materials

Market Cap: CN¥43.8b

Manufactures and sells building materials in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥34.7b

Manufactures and sells power distribution in China and internationally.

Sany Renewable EnergyLtd

Market Cap: CN¥33.1b

Engages in the research and development, manufacture, and sale of wind turbines and generators in China.

Xiamen C&D

Market Cap: CN¥27.5b

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

Guangxi Liugong Machinery

Market Cap: CN¥24.6b

Manufactures and sells construction machinery in China and internationally.

Shanghai Tunnel Engineering

Market Cap: CN¥20.4b

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

Sinotruk Jinan TruckLtd

Market Cap: CN¥20.1b

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.

Shantui Construction Machinery

Market Cap: CN¥18.6b

Manufactures and sells construction machinery products in China and internationally.

CIMC Vehicles (Group)

Market Cap: CN¥17.5b

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

Xi'an Triangle DefenseLtd

Market Cap: CN¥17.2b

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

Jiangsu Guotai International Group

Market Cap: CN¥15.0b

Jiangsu Guotai International Group Co., Ltd.

Guangdong Construction Engineering Group

Market Cap: CN¥13.8b

Guangdong Construction Engineering Group Co., Ltd.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.6b

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

Shaanxi Construction Engineering Group

Market Cap: CN¥13.4b

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

Qingdao Hanhe CableLtd

Market Cap: CN¥13.0b

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

NORINCO International Cooperation

Market Cap: CN¥12.9b

Engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally.

Xiamen King Long Motor Group

Market Cap: CN¥12.8b

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

Jiangsu Linyang Energy

Market Cap: CN¥11.4b

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

Camel Group

Market Cap: CN¥11.0b

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

Zhejiang Communications Technology

Market Cap: CN¥10.8b

Zhejiang Communications Technology Co., Ltd.

SolaX Power Network Technology (Zhejiang)

Market Cap: CN¥10.7b

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

Harbin Electric Corporation Jiamusi Electric MachineLtd

Market Cap: CN¥9.5b

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

Arctech Solar Holding

Market Cap: CN¥9.4b

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

Shandong Hi-Speed Road&Bridge Group

Market Cap: CN¥9.4b

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

Anhui Construction Engineering Group

Market Cap: CN¥8.1b

Anhui Construction Engineering Group Co., Ltd.

Guangzhou Guangri StockLtd

Market Cap: CN¥7.9b

Manufactures and sells elevators and related parts in China.

Tianrun Industry Technology

Market Cap: CN¥7.1b

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

Guangzhou KDT Machinery Group

Market Cap: CN¥7.0b

Guangzhou KDT Machinery Co.,Ltd. engages in the research and development and manufacturing of CNC furniture equipment in China and internationally.

Changgao Electric Group

Market Cap: CN¥5.2b

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¥5.0b

Engages in research, development, production, and sale of high-end precision machinery parts and components in China and internationally.

Zhejiang Development GroupLtd

Market Cap: CN¥4.3b

Zhejiang Development Group Co.,Ltd multi-level and personalized supply chain integration services China and internationally.

Jee Technology

Market Cap: CN¥4.3b

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

Jiangxi First Hydraulic

Market Cap: CN¥3.4b

Engages in the research, development, manufacture, and sale of hydraulic piping system components in China.