Chinese Undervalued over 20% based on DCF

DEPPON LOGISTICS

Market Cap: CN¥17.3b

Operates as a customer-centered logistics company in Mainland China, Japan, South Korea, Europe, America, Southeast Asia, Hong Kong, Macao, and Taiwan, and internationally.

Harbin Boshi Automation

Market Cap: CN¥17.2b

Engages in the research and development, production, and sale of intelligent manufacturing equipment and industrial robots in the People’s Republic of China.

Fujian Star-net Communication

Market Cap: CN¥17.1b

Provides ICT infrastructure and AI application solutions in China.

Bank of Xi'anLtd

Market Cap: CN¥16.9b

Provides corporate, commercial banking, and personal banking services in China.

Zhuzhou Kibing GroupLtd

Market Cap: CN¥16.8b

Manufactures and sells glass in China and internationally.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥16.8b

Shenzhen KSTAR Science and Technology Co., Ltd.

Anhui HeliLtd

Market Cap: CN¥16.7b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

Guangdong Marubi Biotechnology

Market Cap: CN¥16.6b

Engages in the research and development, design, production, sale, and service of various cosmetics in China.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥16.6b

Operates as contract development and manufacturing organization company in China and internationally.

Yunnan Shennong Agricultural Industry GroupLTD

Market Cap: CN¥16.5b

Yunnan Shennong Agricultural Industry Group Co.,LTD.

Zhejiang Jingxin Pharmaceutical

Market Cap: CN¥16.4b

Zhejiang Jingxin Pharmaceutical Co., Ltd.

Tonghua Dongbao Pharmaceutical

Market Cap: CN¥16.4b

Researches and develops, manufactures, and sells pharmaceutical for the treatment of diabetes, endocrine, and cardiovascular and cerebrovascular diseases products in China.

Kidswant Children ProductsLtd

Market Cap: CN¥15.9b

Engages in the retail of maternal, infant, and child products in China.

Fujian Longking

Market Cap: CN¥15.8b

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

Huafon Microfibre (Shanghai)

Market Cap: CN¥15.6b

Develops, manufactures, and sells microfiber materials in China and internationally.

HMT (Xiamen) New Technical Materials

Market Cap: CN¥15.5b

HMT (Xiamen) New Technical Materials Co., Ltd.

ADAMA

Market Cap: CN¥15.4b

Develops, manufactures, and commercializes crop protection products in Israel and internationally.

Chongqing Fuling Zhacai Group

Market Cap: CN¥15.3b

Researches, develops, produces, and sells convenience foods in China.

Jiayou International LogisticsLtd

Market Cap: CN¥15.2b

Engages in the provision of domestic and international multimodal transportation, logistics infrastructure investment, and operation and supply chain trade.

Zhongshan Public Utilities GroupLtd

Market Cap: CN¥15.2b

Engages in the environmental water, solid waste, new energy, engineering construction, and auxiliary businesses in China and internationally.

Eyebright Medical Technology (Beijing)

Market Cap: CN¥14.9b

Eyebright Medical Technology (Beijing) Co., Ltd.

Kunshan Kinglai Hygienic MaterialsLtd

Market Cap: CN¥14.8b

Kunshan Kinglai Hygienic Materials Co.,Ltd.

Shenzhen Airport

Market Cap: CN¥14.8b

Operates and manages Shenzhen Bao’an International Airport in China.

Zhejiang Semir Garment

Market Cap: CN¥14.7b

Produces and sells casual apparels in China and internationally.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Easy Click Worldwide Network Technology

Market Cap: CN¥14.7b

Easy Click Worldwide Network Technology Co., Ltd.

Guanghui LogisticsLtd

Market Cap: CN¥14.6b

Engages in the development, operation, management, leasing, and sale of real estate properties.

Advanced Technology & Materials

Market Cap: CN¥14.5b

Advanced Technology & Materials Co., Ltd.

Luenmei QuantumLtd

Market Cap: CN¥14.4b

Engages in the generation and supply of heat, power, and steam in China.

Xi'an NovaStar Tech

Market Cap: CN¥14.2b

Designs and develops light-emitting diode (LED) display control solutions in China and internationally.

Moon Environment TechnologyLtd

Market Cap: CN¥14.2b

Operates refrigeration and air condition business in China and internationally.

Kingclean ElectricLtd

Market Cap: CN¥13.9b

An electric household company, manufactures and sells home appliances, kitchen appliances, and garden tools under the KingClean brand in the People’s Republic of China.

China Merchants Property Operation & Service

Market Cap: CN¥13.9b

China Merchants Property Operation & Service Co., Ltd.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥13.8b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

Ningbo Xusheng Group

Market Cap: CN¥13.7b

Ningbo Xusheng Group Co.,ltd. engages in the research and development, production, and sale of aluminum alloy die-casting, forging, and extrusion and integration precision auto parts and industrial parts in China, the United States, Mexico and Thailand.

Huaihe Energy (Group)Ltd

Market Cap: CN¥13.6b

Engages in the logistics and trade business in China.