Chinese Materials Undervalued over 20% based on DCF

Wanhua Chemical Group

Market Cap: CN¥257.9b

Provides polyurethane, petrochemical, and performance chemicals and materials worldwide.

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥191.8b

Manufactures and sells potash fertilizers in China and internationally.

Shandong Gold Mining

Market Cap: CN¥174.5b

Engages in mining, smelting, processing, and precious metals in the People’s Republic of China.

Ganfeng Lithium Group

Market Cap: CN¥158.6b

Manufactures and sells lithium products in China.

Anhui Conch Cement

Market Cap: CN¥115.2b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Zhejiang NHU

Market Cap: CN¥109.9b

Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.

Satellite ChemicalLtd

Market Cap: CN¥89.5b

A low-carbon chemical company, research, development, production, sale, and service of new electronic chemicals and functional materials in China and internationally.

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥74.3b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Shanghai Putailai New Energy Technology GroupLtd

Market Cap: CN¥62.9b

Engages in the development and sale of materials of lithium-ion batteries and automation equipment in China and internationally.

Yunnan Yuntianhua

Market Cap: CN¥57.3b

Manufactures and sells fertilizers in China and internationally.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥55.1b

Engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally.

Sinomine Resource Group

Market Cap: CN¥52.1b

Engages in the development and utilization of lithium battery new energy raw materials, rare light metals, and solid minerals in China and internationally.

Yunnan Tin

Market Cap: CN¥49.8b

Engages in the exploration, mining, beneficiation, and smelting of metal ores, such as tin, indium, zinc, copper, and other non-ferrous metals in China and internationally.

Yunnan CopperLtd

Market Cap: CN¥42.2b

Engages in the copper exploration, mining, and smelting activities in China.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥38.8b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Zhejiang Sanmei Chemical IndustryLtd

Market Cap: CN¥37.5b

Zhejiang Sanmei Chemical Industry Co., Ltd.

JCHX Mining ManagementLtd

Market Cap: CN¥36.1b

Engages in mine engineering, development, and construction activities in the People’s Republic of China and internationally.

Jiangsu Yangnong Chemical

Market Cap: CN¥29.9b

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

Henan Zhongfu IndustrialLtd

Market Cap: CN¥29.5b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Guangdong Hongda Holdings Group

Market Cap: CN¥28.3b

Provides mining and civil explosives services in China and internationally.

Guizhou Chanhen Chemical

Market Cap: CN¥23.7b

Engages in the mining and beneficiation of phosphate and processing of phosphorus in China.

Zhejiang Jiemei Electronic And Technology

Market Cap: CN¥17.1b

Engages in the research and development, production, and sales of electronic packaging materials, electronic-grade film materials, and composite current collectors in China and internationally.

Chengdu Wintrue Holding

Market Cap: CN¥16.1b

Engages in the research and development, production, and sale of compound fertilizers.

Chongqing Zaisheng Technology

Market Cap: CN¥16.0b

Researches, manufactures, and markets fiber cotton in China.

Explosive

Market Cap: CN¥14.1b

Engages in the research, development, production, and sale of civil blasting materials in China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥13.9b

Manufactures and sells steel structures and supporting products in China and internationally.

Jinhong GasLtd

Market Cap: CN¥13.8b

Produces and sells bulk, special, and natural gas products in China.

JiaoZuo WanFang Aluminum Manufacturing

Market Cap: CN¥13.6b

Engages in smelting and processing aluminum products in China.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥12.5b

Engages in the research and development, production, and sales of food additives, daily chemical flavors, bulk chemicals, and intermediates.

BBMG Jidong Cement Group

Market Cap: CN¥12.4b

Engages in the production and sale of cement clinker, silicate cement, and related building material products in China.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥11.4b

Produces and sells environmentally friendly furniture panels in China and internationally.

Wuxi Paike New Materials TechnologyLtd

Market Cap: CN¥11.3b

Wuxi Paike New Materials Technology Co.,Ltd.

Shenzhen Noposion Crop Science

Market Cap: CN¥10.0b

Researches and develops, manufactures, distributes, and provides technical services for pesticides and fertilizers in China and internationally.

Zhejiang Zhongxin Environmental Protection Technology Group

Market Cap: CN¥7.3b

Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd.

Sichuan Guoguang Agrochemical

Market Cap: CN¥6.0b

Engages in the research and development, manufacture, marketing, and distribution of agrochemical products and materials in China and internationally.

Fujian Yuanli Active CarbonLtd

Market Cap: CN¥5.6b

Engages in the manufacture and sale of activated carbon in China.