Chinese Capital Goods Low Leverage High Rewards

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥4.8b

Jiangsu Rainbow Heavy Industries Co., Ltd.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥4.1b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

BBK Test Systems

Market Cap: CN¥2.8b

Manufactures and sells automotive and structural testing equipment in China and internationally.

Guangdong Dongpeng HoldingsLtd

Market Cap: CN¥5.2b

Manufactures and sells ceramic tiles.

Zhejiang Walrus New Material

Market Cap: CN¥2.0b

Engages in the research and development, production, and sale of PVC flooring products in China and internationally.

China National Electric Apparatus Research Institute

Market Cap: CN¥8.7b

China National Electric Apparatus Research Institute Co., Ltd.

Shenzhen Cheng Chung Design

Market Cap: CN¥3.6b

Provides decoration design, consulting, supporting services, and construction services in China and internationally.

Zhejiang Langdi Group

Market Cap: CN¥4.3b

Engages in the production of household air conditioner fan blades, mechanical fans, and composite materials in China and internationally.

KTK Group

Market Cap: CN¥8.0b

Research, develops, produces, sells, and service interior systems, electrical controlling systems, and vehicle equipment for high-speed trains, metro, LRV, and ordinary rail passenger cars in China and internationally.

Dare Power Dekor HomeLtd

Market Cap: CN¥2.9b

Operates in the wood-based panel and flooring businesses in China.

Nantong Xingqiu GraphiteLtd

Market Cap: CN¥4.1b

Engages in the research and development, production, sale, and maintenance of graphite equipment in China and internationally.

Tianjin LVYIN Landscape and Ecology Construction

Market Cap: CN¥3.0b

Operates in the ecological restoration and landscaping construction business in China.

Suzhou Gold Mantis Construction Decoration

Market Cap: CN¥15.0b

Engages in the provision of interior decoration, architecture, curtain wall, landscape, building intelligence, and soft decoration solutions in China.

Wangli Security & Surveillance Product

Market Cap: CN¥4.2b

Engages in the research, development, manufacture, sale, and service of security door locks in China and internationally.

Goneo Group

Market Cap: CN¥70.5b

Provides electrical products.

Riyue Heavy IndustryLtd

Market Cap: CN¥9.8b

Engages in the research and development, production, and sale of large-scale heavy industry equipment castings in China.

Shanghai Pudong ConstructionLtd

Market Cap: CN¥4.9b

Engages in the construction business in China.

Hangcha Group

Market Cap: CN¥33.9b

Manufactures and sells forklift products in China and internationally.

Lubair Aviation Technology

Market Cap: CN¥4.1b

Provides aviation material solutionsThe company offers aircraft parts, such as communication, landing gear, engine, flight control/navigation, hydraulic, cabin, lighting, structure, APU, parking apron, gallery bridge, and terminal; and repair workshop services.

Ningbo Deye Technology Group

Market Cap: CN¥120.8b

Researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers in China.

Anhui Coreach TechnologyLtd

Market Cap: CN¥4.3b

Designs, develops, produces, and sells display materials, modules, and terminals.

Weihai Guangtai Airport EquipmentLtd

Market Cap: CN¥4.9b

Engages in the manufacture and sale of ground support equipment and fire-fighting equipment in China and internationally.

Zhejiang Liju Thermal Equipment

Market Cap: CN¥6.2b

Engages in the research and development, production, and sale of commercial and industrial boilers in China and internationally.

Canny Elevator

Market Cap: CN¥4.2b

Engages in the research, design, and production of elevators, escalators, and moving walkways in China.

Yutong Heavy IndustriesLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells sanitation cleaning equipment, garbage collection, and transfer equipment in China.

CCCC Design & Consulting Group

Market Cap: CN¥11.5b

Provides engineering design and consulting services in China and internationally.

Shandong Donghong Pipe Industry

Market Cap: CN¥3.2b

Shandong Donghong Pipe Industry Co., Ltd.

Shanxi Coal International Energy GroupLtd

Market Cap: CN¥25.9b

Engages in the coal production business in China.

Ningbo Ligong Environment And Energy TechnologyLtd

Market Cap: CN¥4.2b

Engages in the research, development, production, sale, and servicing of online monitoring equipment for the electric power industry in the People’s Republic of China.

Changshu Tongrun Auto Accessory

Market Cap: CN¥2.9b

Changshu Tongrun Auto Accessory Co., Ltd.

Uroica Precision Information EngineeringLtd

Market Cap: CN¥4.3b

Uroica Precision Information Engineering Co.,Ltd.

CIMC Vehicles (Group)

Market Cap: CN¥15.0b

Designs, manufactures, sells, and services semi-trailers worldwide.

Huaming Power EquipmentLtd

Market Cap: CN¥17.4b

Engages in the research, development, production, and sale of on-load tap changers in China and internationally.

Changjiang & Jinggong Steel Building (Group)

Market Cap: CN¥6.6b

Designs, manufactures, constructs, and installs steel structures in China and internationally.

Hangzhou Weiguang ElectronicLtd

Market Cap: CN¥6.0b

Engages in the research and development, production, and sales of motors, fans, micro motors, drives and controllers, robots and automation equipment, pumps, and new energy vehicle parts in China.

Guangzhou KDT Machinery Group

Market Cap: CN¥7.6b

Engages in the research, development, and manufacturing of furniture machinery in China and internationally.