Chinese Capital Goods Undervalued based on future growth

China State Construction Engineering

Market Cap: CN¥209.1b

Operates as an investment and construction company in China and internationally.

XCMG Construction Machinery

Market Cap: CN¥128.1b

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

China International Marine Containers (Group)

Market Cap: CN¥46.9b

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

Sunwoda ElectronicLtd

Market Cap: CN¥46.5b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥36.6b

Manufactures and sells power distribution in China and internationally.

Sany Renewable EnergyLtd

Market Cap: CN¥34.6b

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

Xiamen C&D

Market Cap: CN¥27.2b

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

Guangxi Liugong Machinery

Market Cap: CN¥23.8b

Manufactures and sells construction machinery in China and internationally.

Shanghai Tunnel Engineering

Market Cap: CN¥21.1b

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

Shantui Construction Machinery

Market Cap: CN¥18.9b

Manufactures and sells construction machinery products in China and internationally.

CIMC Vehicles (Group)

Market Cap: CN¥18.1b

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

Xiamen King Long Motor Group

Market Cap: CN¥15.2b

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

Guangdong Construction Engineering Group

Market Cap: CN¥14.4b

Guangdong Construction Engineering Group Co., Ltd.

Shaanxi Construction Engineering Group

Market Cap: CN¥13.7b

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

Jiangsu Linyang Energy

Market Cap: CN¥12.3b

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

Camel Group

Market Cap: CN¥11.6b

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

Zhejiang Communications Technology

Market Cap: CN¥11.1b

Zhejiang Communications Technology Co., Ltd.

Harbin Electric Corporation Jiamusi Electric MachineLtd

Market Cap: CN¥10.4b

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

Shandong Hi-Speed Road&Bridge Group

Market Cap: CN¥9.6b

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¥8.1b

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

Ningbo BaoSi Energy Equipment

Market Cap: CN¥5.3b

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

Jee Technology

Market Cap: CN¥4.7b

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

Zhejiang Development GroupLtd

Market Cap: CN¥4.4b

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

Jiangxi First Hydraulic

Market Cap: CN¥4.3b

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

Changshu Tongrun Auto Accessory

Market Cap: CN¥3.4b

Changshu Tongrun Auto Accessory Co., Ltd.