Chinese Undervalued over 20% based on DCF

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥80.8b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Jiangsu Yanghe Distillery

Market Cap: CN¥75.7b

Offers liquors and wines.

China Merchants Shekou Industrial Zone Holdings

Market Cap: CN¥72.0b

Develops and sells residential properties in China.

Shanghai International Airport

Market Cap: CN¥68.7b

Provides ground support services for domestic and foreign air transport companies and passengers in China.

Shanghai Fosun Pharmaceutical (Group)

Market Cap: CN¥65.0b

Shanghai Fosun Pharmaceutical (Group) Co., Ltd.

HUAYU Automotive Systems

Market Cap: CN¥64.5b

Researches and develops, manufactures, and sells automotive parts worldwide.

Huadong Medicine

Market Cap: CN¥63.1b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Yunnan Yuntianhua

Market Cap: CN¥61.0b

Manufactures and sells fertilizers in China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥60.7b

Provides smart devices and mobile services in Africa, South Asia, Southeast Asia, the Middle East, Latin America, and internationally.

China Merchants Expressway Network & Technology HoldingsLtd

Market Cap: CN¥59.3b

China Merchants Expressway Network & Technology Holdings Co.,Ltd.

Wuhan Guide Infrared

Market Cap: CN¥57.8b

Engages in the design, manufacture, marketing, and sale of infrared thermal imaging detectors and modules, and electro-optical systems 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.

Pharmaron Beijing

Market Cap: CN¥52.4b

Operates as a pharmaceutical research and development service platform in North America, Europe, the Mainland China, Asia, and internationally.

China Merchants Port Group

Market Cap: CN¥52.4b

Provides port, bonded logistics, and other services in Mainland China, Hong Kong, Taiwan, and internationally.

Sunshine Guojian Pharmaceutical (Shanghai)

Market Cap: CN¥50.8b

A biopharmaceutical company, engages in the research and development, production, and sale of antibody drugs.

Shandong Hi-speed

Market Cap: CN¥48.6b

Engages in the investment and operation of transportation infrastructure in China.

Yunnan CopperLtd

Market Cap: CN¥45.2b

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

L&K Engineering (Suzhou)Ltd

Market Cap: CN¥44.9b

Engages in the provision of specialized engineering technical services in China.

Yealink Network Technology

Market Cap: CN¥43.9b

Provides video conferencing, voice communications, and collaboration solutions worldwide.

Beijing New Building Materials

Market Cap: CN¥43.6b

Manufactures and sells building materials in China.

Shanghai Allist Pharmaceuticals

Market Cap: CN¥43.5b

A pharmaceutical company, engages in the research and development of tumor-targeted drugs in China.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥41.5b

Yunnan Chihong Zinc & Germanium Co., Ltd.

GEM

Market Cap: CN¥41.1b

Operates in the waste resource comprehensive utilization industry in China and internationally.

Yonyou Network TechnologyLtd

Market Cap: CN¥41.1b

Provides digital software and services to enterprises and public organizations in China and internationally.

Jiangsu Financial Leasing

Market Cap: CN¥39.2b

A non-bank financial institution, provides financial leasing services in China.

Fujian Wanchen Food Group

Market Cap: CN¥39.1b

Fujian Wanchen Biotechnology Co., Ltd., together with its subsidiaries, engages in the research, development, cultivation, production, and sale of edible fungi in China and internationally.

Zhejiang Cfmoto PowerLtd

Market Cap: CN¥38.7b

Engages in the development, manufacture, marketing, and delivery of motorcycles, off-road vehicles, engines, frames, parts, apparel, and accessories in China, rest of Asia, North America, Oceania, Africa, South America, and Europe.

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.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥36.5b

Manufactures and sells power distribution in China and internationally.

Avic Aviation High-Technology

Market Cap: CN¥36.0b

Researches, develops, manufactures, and sells aviation new materials and intelligent equipment in China.

Qilu Bank

Market Cap: CN¥35.7b

QILU BANK CO., LTD. provides personal and corporate banking services in the People’s Republic of China.

China National Software & Service

Market Cap: CN¥34.4b

Provides independent software products and industry solutions in China.

Jiangsu Yuyue Medical Equipment & Supply

Market Cap: CN¥32.5b

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.