Chinese Capital Goods Undervalued based on future growth

China Railway Group

Market Cap: CN¥128.5b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

XCMG Construction Machinery

Market Cap: CN¥93.7b

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

TBEA

Market Cap: CN¥58.4b

Provides power transmission, renewable energy, new materials, and energy solutions in China and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥51.6b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

China Shipbuilding Industry Group Power

Market Cap: CN¥48.3b

China Shipbuilding Industry Group Power Co., Ltd.

Zhejiang Chint Electrics

Market Cap: CN¥47.8b

Through its subsidiaries, develops and sells low-voltage electrical products in China.

Jiangsu Zhongtian Technology

Market Cap: CN¥45.9b

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.

Beijing New Building Materials

Market Cap: CN¥45.8b

Manufactures and sells building materials in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥31.5b

Manufactures and sells power distribution and utilization systems in China and internationally.

CNGR Advanced MaterialLtd

Market Cap: CN¥29.4b

Engages in the research, development, processing, production, and sale of lithium battery cathode material precursors and new energy recycling materials in the fields of new materials and energy.

Xiamen C&D

Market Cap: CN¥29.4b

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

Hunan Yuneng New Energy Battery MaterialLtd

Market Cap: CN¥21.7b

Hunan Yuneng New Energy Battery Material Co.,Ltd.

Guangxi Liugong Machinery

Market Cap: CN¥19.5b

Manufactures and sells construction machinery in China and internationally.

CIMC Vehicles (Group)

Market Cap: CN¥15.0b

Designs, develops, produces, and sells specialty vehicles, semi-trailers, spare parts, and related technical services in China.

Fujian Longking

Market Cap: CN¥14.9b

Engages in the manufacture and sale of environmental protection equipment worldwide.

Shaanxi Construction Engineering Group

Market Cap: CN¥14.3b

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

Beijing HyperStrong Technology

Market Cap: CN¥14.0b

Engages in the design, development, integration, and operation of energy storage power stations in China, Europe, North America, and Australia.

Xi'an Triangle DefenseLtd

Market Cap: CN¥13.5b

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¥13.5b

Offers construction machinery products in China and internationally.

Guangdong Construction Engineering Group

Market Cap: CN¥13.1b

Guangdong Construction Engineering Group Co., Ltd.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.6b

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

Shijiazhuang Shangtai Technology

Market Cap: CN¥12.3b

Shijiazhuang Shangtai Technology Co., Ltd.

Jiangsu Guotai International Group

Market Cap: CN¥12.2b

Jiangsu Guotai International Group Co., Ltd.

Jiangsu Linyang Energy

Market Cap: CN¥11.5b

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

Qingdao Hanhe CableLtd

Market Cap: CN¥11.2b

Engages in the development, production, and sale of cables and wires primarily in the People's Republic of China.

Hunan Zhongke Electric

Market Cap: CN¥10.2b

Manufactures electromagnetic metallurgy products in China.

Sineng ElectricLtd

Market Cap: CN¥9.6b

Engages in the research and development, manufacture, maintenance, and trading of power electronic products in the People's Republic of China and internationally.

Arctech Solar Holding

Market Cap: CN¥9.1b

Manufactures and supplies solar trackers, fixed-tilt structures, and building-integrated photovoltaics (BIPV) solutions for utility-scale and commercial solar projects worldwide.

Shandong Hi-Speed Road&Bridge Group

Market Cap: CN¥9.1b

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

SolaX Power Network Technology (Zhejiang)

Market Cap: CN¥8.6b

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

Windey Energy Technology Group

Market Cap: CN¥8.3b

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

Harbin Electric Corporation Jiamusi Electric MachineLtd

Market Cap: CN¥7.5b

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

East China Engineering Science and Technology

Market Cap: CN¥6.4b

East China Engineering Science and Technology Co., Ltd.

Tianrun Industry Technology

Market Cap: CN¥6.4b

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

Ficont Industry (Beijing)

Market Cap: CN¥5.6b

Provides wind energy, construction, and safety protection equipment in China and internationally.

Suzhou West Deane New Power ElectricLtd

Market Cap: CN¥5.4b

An engineering and manufacturing company, provides laminated bus bar (LBB) products worldwide.