Chinese Materials Undervalued over 20% based on DCF

Wanhua Chemical Group

Market Cap: CN¥278.8b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥198.0b

Manufactures and sells potash fertilizers in China and internationally.

Shandong Gold Mining

Market Cap: CN¥175.2b

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

Ganfeng Lithium Group

Market Cap: CN¥167.6b

Manufactures and sells lithium products in China.

Anhui Conch Cement

Market Cap: CN¥114.7b

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

Zhejiang NHU

Market Cap: CN¥111.9b

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¥96.8b

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¥80.8b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Yunnan Yuntianhua

Market Cap: CN¥61.0b

Manufactures and sells fertilizers in China and internationally.

Sinomine Resource Group

Market Cap: CN¥56.1b

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

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥55.4b

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

Yunnan Tin

Market Cap: CN¥54.1b

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¥45.2b

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

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥41.5b

Yunnan Chihong Zinc & Germanium Co., Ltd.

JCHX Mining ManagementLtd

Market Cap: CN¥37.9b

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

Zhejiang Sanmei Chemical IndustryLtd

Market Cap: CN¥37.8b

Zhejiang Sanmei Chemical Industry Co., Ltd.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥32.5b

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

Weihai Guangwei Composites

Market Cap: CN¥28.3b

Engages in the research, development, production, and sale of carbon fibers and composite materials in China.

Zhejiang Jiemei Electronic And Technology

Market Cap: CN¥18.2b

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.

Explosive

Market Cap: CN¥14.7b

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

Jinhong GasLtd

Market Cap: CN¥13.2b

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

Anhui Jinhe IndustrialLtd

Market Cap: CN¥13.0b

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¥12.5b

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

Wuxi Paike New Materials TechnologyLtd

Market Cap: CN¥11.7b

Wuxi Paike New Materials Technology Co.,Ltd.

Shenzhen Noposion Crop Science

Market Cap: CN¥10.3b

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¥7.9b

Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd.

Chengdu Guibao Science & TechnologyLtd

Market Cap: CN¥7.7b

Chengdu Guibao Science & Technology Co.,Ltd.

Sichuan Guoguang Agrochemical

Market Cap: CN¥6.2b

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¥6.1b

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

Orinko Advanced PlasticsLTD

Market Cap: CN¥5.9b

Researches, develops, produces, and sells polymer modified materials in China.

Shenzhen Jinjia GroupLtd

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of packaging products and related materials in China.

Sobute New Materials

Market Cap: CN¥4.6b

Engages in the research, development, production, and sale of concrete admixtures in Mainland China and internationally.

Zhejiang Jianye Chemical

Market Cap: CN¥4.4b

Engages in the research, development, production, and sales of fine chemical products in China.

Tongyi Carbon Neutral Technology (Xinjiang)

Market Cap: CN¥4.3b

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

Fujian Green Pine

Market Cap: CN¥4.2b

Engages in the chemical raw materials and chemical products manufacturing business in China.

Poly Union Chemical Holding Group

Market Cap: CN¥4.2b

Poly Union Chemical Holding Group Co., Ltd.