| 1 |
Shenzhen Mindray Bio-Medical Electronics Co Ltd Class A
300760 · Shenzhen
|
$27B |
95/100
Élite
|
52/100 |
30.1%low 21.4% |
10 yr+ |
Net cash |
64% |
Mindray Bio-Medical: The Transition Is Real, But So Is the Price Tag19 juillet 2026 · Hold |
FY2025 |
| 2 |
Kweichow Moutai Co Ltd
600519 · Shanghai
|
$236B |
93/100
Élite
|
48/100 |
30.8%low 22.9% |
10 yr+ |
Net cash |
90% |
Kweichow Moutai: A Long-Term Business Owner's Perspective21 mai 2026 · Watch |
FY2025 |
| 3 |
Midea Group Co Ltd
000333 · Shenzhen
|
$94B |
88/100
Élite
|
43/100 |
22.1%low 17.8% |
10 yr+ |
Net cash |
26% |
Midea Group Initiation: Proven Appliance Compounder, Unearned Industrial Re-Rating12 août 2026 · Hold |
FY2025 |
| 4 |
Zhangzhou Pientzehuang Pharmaceutical Co Ltd
600436 · Shanghai
|
$12B |
88/100
Élite
|
38/100 |
20.3%low 14.8% |
10 yr+ |
Net cash |
44% |
Pientzehuang: High-Priced Core Volume Fell 21% in 2025, and CNY132.59 Still Prices In 42x Trailing Earnings15 août 2026 · Hold |
FY2025 |
| 5 |
Hithink RoyalFlush Info Network
300033 · Shenzhen
|
$25B |
87/100
Élite
|
48/100 |
26.7%low 19.0% |
10 yr+ |
Net cash |
90% |
Hithink RoyalFlush: Advertising Supplied 78% of 2025 Incremental Revenue, and CNY230.26 Already Sits at the CNY228 Base-Case Value15 août 2026 · Hold |
FY2025 |
| 6 |
Eastroc Beverage Group Co Ltd
605499 · Shanghai
|
$14B |
87/100
Élite
|
50/100 |
34.5%low 19.9% |
9 yr |
Net cash |
45% |
Eastroc Beverage: Energy Supplies 81% of Product Gross Profit While Growing 6.9%, and RMB122.93 Leaves No Conservative Margin of Safety15 août 2026 · Hold |
FY2025 |
| 7 |
Shanxi Xinghuacun Fen Wine Factory Co Ltd
600809 · Shanghai
|
$22B |
86/100
Élite
|
38/100 |
29.0%low 12.7% |
10 yr+ |
Net cash |
72% |
Shanxi Fenjiu: 22% More Volume but Only 7.5% More Revenue in 2025, Q1 2026 Out-of-Province Sales Fell 15% While Dealers Grew, and CNY123.52 Sits Above Conservative Value15 août 2026 · Hold |
FY2025 |
| 8 |
Aier Eye Hospital Group
300015 · Shenzhen
|
$12B |
86/100
Élite
|
43/100 |
17.4%low 14.2% |
10 yr+ |
Net cash |
49% |
Aier Eye Hospital: Net Goodwill Equals 43% of Book Equity, Adjusted Profit Grew 1.36% in 2025, and CNY8.71 Leaves No Conservative Margin of Safety15 août 2026 · Hold |
FY2025 |
| 9 |
Xiamen Faratronic Co Ltd
600563 · Shanghai
|
$4.3B |
86/100
Élite
|
41/100 |
20.2%low 17.3% |
10 yr+ |
Net cash |
39% |
Xiamen Faratronic: 95% Film-Capacitor Purity, a 38.6%-to-32.1% Margin Reset, and CNY 123.01 Inside the Hold Band13 septembre 2026 · Hold |
FY2025 |
| 10 |
Jiangsu Hengrui Medicine Co Ltd
600276 · Shanghai
|
$50B |
83/100
Élite
|
51/100 |
16.5%low 10.3% |
10 yr+ |
Net cash |
86% |
Hengrui Pharmaceuticals: A Fortress Innovation Platform, But RMB 50 Already Pays for the Upgrade26 juin 2026 · Hold |
FY2025 |
| 11 |
Lao Feng Xiang Co Ltd A
600612 · Shanghai
|
$2.6B |
83/100
Élite
|
33/100 |
18.4%low 11.6% |
10 yr+ |
Net cash |
8% |
Lao Feng Xiang: 499 Franchise Closures and a 10.6% Jewellery Gross Margin, While the Shares at CNY 34.87 Sit 9% Above the CNY 31.9 Conservative Value9 août 2026 · Hold |
FY2025 |
| 12 |
Foxconn Industrial Internet Co Ltd
601138 · Shanghai
|
$158B |
82/100
Élite
|
40/100 |
22.0%low 15.0% |
10 yr+ |
Net cash |
8% |
FII Zen Horizon Research: No. 1 in AI server rack assembly, real earnings acceleration, but a thin business at a rich valuation4 juin 2026 · Watch |
FY2025 |
| 13 |
Suzhou TFC Optical Communication Co Ltd
300394 · Shenzhen
|
$26B |
82/100
Élite
|
48/100 |
19.9%low 12.7% |
10 yr+ |
Net cash |
53% |
T&S Communications: A Real Upstream Bottleneck, Priced as if Scarcity Economics Were Permanent28 juillet 2026 · Avoid |
FY2025 |
| 14 |
Shandong Himile Mechanical Science & Technology Co Ltd
002595 · Shenzhen
|
$8.5B |
82/100
Élite
|
47/100 |
18.1%low 16.2% |
10 yr+ |
Net cash |
33% |
Himile: A 40%-Margin Tire-Mould Franchise Is Funding Two Adjacencies That Have Not Yet Earned Their Keep19 août 2026 · Hold |
FY2025 |
| 15 |
NARI Technology Co Ltd
600406 · Shanghai
|
$27B |
81/100
Élite
|
51/100 |
15.3%low 14.2% |
10 yr+ |
Net cash |
27% |
NARI Technology: Grid-Control Franchise, Quality Already Priced27 juin 2026 · Hold |
FY2025 |
| 16 |
Hongfa Technology Co Ltd
600885 · Shanghai
|
$7.7B |
79/100
Solide
|
45/100 |
16.0%low 13.9% |
10 yr+ |
Net cash |
37% |
Hongfa Technology: 3.464bn Relays, a 32% Top Line That Yielded CNY 114m of Cash, and CNY 34.73 at the Hold-Band Floor16 septembre 2026 · Hold |
FY2025 |
| 17 |
Zhejiang CFMoto Power Co Ltd
603129 · Shanghai
|
$6.6B |
78/100
Solide
|
48/100 |
18.2%low 10.8% |
10 yr+ |
Net cash |
29% |
CFMOTO: Four-Wheeler Revenue Up 51% but H1 Profit Up Only 6%, and CNY 296.88 at 24-25x Normalized Earnings Leaves No Margin of Safety17 septembre 2026 · Hold |
FY2025 |
| 18 |
Shenzhen Inovance Tech
300124 · Shenzhen
|
$24B |
76/100
Solide
|
49/100 |
18.2%low 11.0% |
10 yr+ |
Net cash |
37% |
Recherche approfondie sur Inovance Technology15 juin 2026 · Conserver |
FY2025 |
| 19 |
Beijing Kingsoft Office Software In
688111 · Shanghai
|
$18B |
76/100
Solide
|
48/100 |
15.1%low 6.6% |
10 yr+ |
Net cash |
88% |
Kingsoft Office In-Depth Research14 juin 2026 · Hold |
FY2025 |
| 20 |
Zhejiang Dingli Mach Co Ltd
603338 · Shanghai
|
$4.2B |
76/100
Solide
|
44/100 |
17.3%low 12.9% |
10 yr+ |
Net cash |
37% |
Zhejiang Dingli: H1 Revenue Grew 24.9% and Its 20.6% EU Duty Beats Rivals at 35–49%, but Cash Conversion Fell to 0.32x and CNY 53.87 Sits 28% Above the CNY 42 Conservative Value Ahead of Final U.S. Duty Rulings18 septembre 2026 · Watch |
FY2025 |
| 21 |
Ningbo Deye Technology Co Ltd
605117 · Shanghai
|
$15B |
74/100
Solide
|
44/100 |
36.6%low 21.9% |
10 yr+ |
Net cash |
29% |
Ningbo Deye: H1 Operating Cash Flow Was 1.54x Net Income, but CNY 4.071bn of It Came from Expanding Supplier Credit13 septembre 2026 · Hold |
FY2025 |
| 22 |
Zhejiang Sanhua Co Ltd
002050 · Shenzhen
|
$22B |
73/100
Solide
|
43/100 |
15.8%low 12.8% |
10 yr+ |
Net cash |
28% |
Sanhua Intelligent Controls (002050.SHE) Zen Horizon Deep-Dive Research5 juin 2026 · Watch |
FY2025 |
| 23 |
Sungrow Power Supply Co Ltd
300274 · Shenzhen
|
$30B |
72/100
Solide
|
51/100 |
18.6%low 9.3% |
10 yr+ |
Net cash |
25% |
Sungrow Power Supply: After the FCC Covered-List Ruling, the Price Sits 0.6% Below a CNY 104 Conservative Value While Q1 Storage Margin Has Already Slipped to About 30%2 août 2026 · Watch |
FY2025 |
| 24 |
Guangdong Haid Group Co Ltd
002311 · Shenzhen
|
$11B |
71/100
Solide
|
47/100 |
16.7%low 11.3% |
10 yr+ |
Net cash |
10% |
Haid Group: Feed Gross Profit Rose CNY 0.55 Billion, Farming Gross Profit Fell CNY 1.46 Billion, and CNY 46.24 Offers No Conservative Margin of Safety31 août 2026 · Hold |
FY2025 |
| 25 |
Hundsun Technologies Inc
600570 · Shanghai
|
$6.1B |
71/100
Solide
|
41/100 |
18.1%low 0.8% |
10 yr+ |
Net cash |
82% |
Hundsun Technologies: 2026 H1 Revenue Fell 11.6% While Profit Rose 0.69%, Associates Supplied CNY106.3m of Q1 Investment Income, and CNY22.12 Leaves No Conservative Margin of Safety16 août 2026 · Hold |
FY2025 |
| 26 |
Shaanxi Coal Industry Co Ltd
601225 · Shanghai
|
$34B |
70/100
Solide
|
31/100 |
21.6%low 8.0% |
10 yr+ |
Net cash |
38% |
Shaanxi Coal Industry: A Low-Cost Mine Base, 9.32 GW of Unfinished Power, and a 2026 Recovery Already in the Price20 août 2026 · Hold |
FY2025 |
| 27 |
Tsingtao Brewery Co Ltd
600600 · Shanghai
|
$11B |
70/100
Solide
|
27/100 |
11.6%low 6.4% |
10 yr+ |
Net cash |
38% |
Tsingtao Brewery: H1 Volume Fell 4.9% While Profit Held Flat on Cost Savings, and CNY51.49 Is 12% Above Conservative Value5 septembre 2026 · Hold |
FY2025 |
| 28 |
Zhejiang Dahua Technology Co Ltd
002236 · Shenzhen
|
$7.7B |
70/100
Solide
|
41/100 |
16.8%low 8.1% |
10 yr+ |
Net cash |
45% |
Dahua: 10% H1 Growth and a 43% Gross Margin Are Real, but CNY 15.72 Sits Above Conservative Value While FCC Component Rules and a CNY 8.568bn Inventory Build Leave No Margin of Safety17 septembre 2026 · Hold |
FY2025 |
| 29 |
China Yangtze Power Co Ltd
600900 · Shanghai
|
$100B |
69/100
Solide
|
39/100 |
14.7%low 10.4% |
10 yr+ |
1.3× |
59% |
China Yangtze Power: Six Dams, a 70% Payout Floor, and Why 15.5x Owner Earnings Still Leaves No Margin of Safety20 août 2026 · Hold |
FY2025 |
| 30 |
Shenzhen Transsion Holdings Co Ltd
688036 · Shanghai
|
$10B |
69/100
Solide
|
41/100 |
20.3%low 3.2% |
10 yr+ |
Net cash |
21% |
Transsion Holdings: H1 Gross Margin Rebounded to 22.6% on Price Rises and Cheap Inventory, but Operating Cash Flow of Negative CNY 5.861 Billion Leaves CNY 57.82 Above the CNY 44-47 Conservative Value27 août 2026 · Hold |
FY2025 |
| 31 |
Zhengzhou Yutong Bus Co Ltd
600066 · Shanghai
|
$10.0B |
67/100
Solide
|
42/100 |
16.7%low 3.4% |
10 yr+ |
Net cash |
23% |
Yutong Bus: A 29.62% Overseas Gross Margin Against 19.09% at Home Carried H1 Core Profit Up 15.83%, but 7m+ Share Fell to 28.69% and CNY 30.40 Sits Above the CNY 27 Conservative Value27 août 2026 · Hold |
FY2025 |
| 32 |
Zangge Holding Co Ltd
000408 · Shenzhen
|
$18B |
66/100
Solide
|
31/100 |
18.2%low 2.9% |
10 yr+ |
Net cash |
61% |
Zangge Mining: A Copper Associate It Does Not Control Now Drives Four-Fifths of Profit, and CNY 76.15 Already Pays for It4 septembre 2026 · Hold |
FY2025 |
| 33 |
Shenzhen Envicool Technology Co Ltd
002837 · Shenzhen
|
$8.3B |
66/100
Solide
|
47/100 |
12.9%low 10.0% |
10 yr+ |
Net cash |
32% |
Recherche approfondie sur Envicool14 juin 2026 · Surveiller |
FY2025 |
| 34 |
Luxshare Precision Industry Co Ltd
002475 · Shenzhen
|
$62B |
64/100
Moyen
|
45/100 |
18.8%low 10.3% |
10 yr+ |
Net cash |
16% |
Luxshare Precision: A Good Company, but Only a Fair Price21 juillet 2026 · Hold |
FY2025 |
| 35 |
ACM Research Shanghai Inc
688082 · Shanghai
|
$18B |
64/100
Moyen
|
42/100 |
19.4%low 5.5% |
9 yr |
Net cash |
46% |
ACM Research Shanghai: A Genuine Platform Story, Priced for Zero Margin of Safety4 juillet 2026 · Watch |
FY2025 |
| 36 |
Sieyuan Electric Co Ltd
002028 · Shenzhen
|
$17B |
63/100
Moyen
|
44/100 |
12.5%low 5.7% |
10 yr+ |
Net cash |
29% |
Sieyuan Electric: A Premium-Priced Export Compounder With Zero Margin of Safety11 juillet 2026 · Watch |
FY2025 |
| 37 |
Shengyi Technology Co Ltd
600183 · Shanghai
|
$36B |
61/100
Moyen
|
43/100 |
15.5%low 8.3% |
10 yr+ |
0.0× |
22% |
Shengyi Technology Long-Term Owner's Perspective Research9 juin 2026 · Avoid |
FY2025 |
| 38 |
Sany Heavy Industry Co Ltd
600031 · Shanghai
|
$26B |
59/100
Moyen
|
45/100 |
13.1%low 0.9% |
10 yr+ |
Net cash |
28% |
SANY Heavy Industry Re-rating: A Globalized Construction-Machinery Leader on Overseas Delivery Plus Domestic Recovery28 mai 2026 · Hold |
FY2025 |
| 39 |
Jiangsu Hengli Hydraulic Co Ltd
601100 · Shanghai
|
$20B |
59/100
Moyen
|
44/100 |
18.1%low 2.0% |
10 yr+ |
Net cash |
38% |
Jiangsu Hengli Hydraulic: A Real Compounder, but a Stock Already Pricing an Unproven Robot Story25 juillet 2026 · Hold |
FY2025 |
| 40 |
Eoptolink Technology Inc Ltd
300502 · Shenzhen
|
$77B |
58/100
Moyen
|
46/100 |
18.9%low 2.8% |
10 yr+ |
Net cash |
32% |
Eoptolink Research from a Long-Term Business Owner's Perspective21 mai 2026 · Watch |
FY2025 |
| 41 |
WUS Printed Circuit Kunshan Co Ltd
002463 · Shenzhen
|
$28B |
58/100
Moyen
|
50/100 |
16.3%low 3.9% |
10 yr+ |
Net cash |
25% |
Long-Term Value Research on WUS Printed Circuit9 juin 2026 · Watch |
FY2025 |
| 42 |
Red Avenue New Materials Group Co Ltd
603650 · Shanghai
|
$4.7B |
58/100
Moyen
|
45/100 |
16.5%low 9.8% |
10 yr+ |
0.4× |
29% |
Tongcheng New Material: A Long-Term Business Owner's Study20 mai 2026 · Watch |
FY2025 |
| 43 |
Henan Pinggao Electric Co Ltd
600312 · Shanghai
|
$3.7B |
58/100
Moyen
|
34/100 |
5.9%low 0.8% |
10 yr+ |
Net cash |
18% |
Pinggao Electric: The Cleanest UHV Switchgear Play, But Orders Are Not Yet Revenue4 juillet 2026 · Hold |
FY2025 |
| 44 |
Zijin Mining Group Co Ltd Class A
601899 · Shanghai
|
$123B |
57/100
Moyen
|
38/100 |
16.2%low 6.6% |
10 yr+ |
0.5× |
16% |
Zijin Mining: A Real Multi-Metal Compounder, Priced for the Transition to Go Right22 juillet 2026 · Hold |
FY2025 |
| 45 |
Inspur Electronic Info Industr
000977 · Shenzhen
|
$15B |
57/100
Moyen
|
38/100 |
9.8%low 5.9% |
10 yr+ |
Net cash |
10% |
Inspur Information Deep-Dive Research14 juin 2026 · Hold |
FY2025 |
| 46 |
Anji Microelectronics Tech Co Ltd
688019 · Shanghai
|
$7.6B |
57/100
Moyen
|
52/100 |
15.4%low 7.4% |
10 yr+ |
Net cash |
58% |
Anji Microelectronics: A High-Quality Compounder, but a Better Company Than Stock29 juin 2026 · Watch |
FY2025 |
| 47 |
Accelink Technologies Co Ltd
002281 · Shenzhen
|
$20B |
56/100
Moyen
|
44/100 |
9.2%low 7.3% |
10 yr+ |
Net cash |
21% |
Accelink Technologies: AI Datacom Growth Racing Against a Stretched Valuation14 juin 2026 · Avoid |
FY2025 |
| 48 |
Hwatsing Technology Co. Ltd. A
688120 · Shanghai
|
$18B |
56/100
Moyen
|
43/100 |
15.8%low 10.5% |
6 yr |
— |
43% |
Hwatsing Technology: A Real CMP Champion, Priced as if the Platform Story Is Already Won5 juillet 2026 · Avoid |
FY2025 |
| 49 |
Ningbo Orient Wires and Cables Co Ltd
603606 · Shanghai
|
$4.8B |
56/100
Moyen
|
47/100 |
15.4%low 3.2% |
10 yr+ |
Net cash |
21% |
Ningbo Orient Wires & Cables: A Real Submarine-Cable Moat Priced for Flawless Backlog Conversion17 juillet 2026 · Watch |
FY2025 |
| 50 |
Shandong Zhongji Electrical Equipment Co Ltd
300308 · Shenzhen
|
$141B |
51/100
Moyen
|
56/100 |
13.4%low 1.8% |
10 yr+ |
Net cash |
28% |
Innolight (Zhongji Innolight) : une étude approfondie d'investissement dans la valeur21 mai 2026 · Surveiller |
FY2025 |
| 51 |
NAURA Technology Group Co Ltd
002371 · Shenzhen
|
$70B |
50/100
Moyen
|
50/100 |
9.4%low 2.9% |
10 yr+ |
Net cash |
39% |
NAURA Technology Group : analyse d'investissement selon le cadre SUN-R16 juin 2026 · Surveiller |
FY2025 |
| 52 |
Western Superconducting Tech Co Ltd
688122 · Shanghai
|
$4.8B |
50/100
Moyen
|
43/100 |
10.9%low 6.2% |
10 yr+ |
Net cash |
33% |
Western Superconducting: A Long-Term Enterprise Value Analysis21 mai 2026 · Watch |
FY2025 |
| 53 |
Ningbo Tuopu Group Co Ltd
601689 · Shanghai
|
$11B |
48/100
Faible
|
48/100 |
12.0%low 6.2% |
10 yr+ |
0.2× |
24% |
Ningbo Tuopu: Fair for the Auto Business, Pricey for the Robot Option23 juillet 2026 · Hold |
FY2025 |
| 54 |
BYD Co Ltd Class A
002594 · Shenzhen
|
$122B |
46/100
Faible
|
48/100 |
10.8%low 2.8% |
10 yr+ |
0.1× |
17% |
BYD: Exports Reached 43.8% of First-Half Volume While Group Sales Fell 15.7% and First-Quarter Free Cash Flow Ran 19.3 Billion Yuan Negative3 août 2026 · Hold |
FY2025 |
| 55 |
Zhejiang Shuanghuan Driveline Co Ltd
002472 · Shenzhen
|
$4.6B |
46/100
Faible
|
44/100 |
7.2%low 1.4% |
10 yr+ |
0.1× |
21% |
Zhejiang Shuanghuan Driveline: A Precision-Gear Cash Engine Carrying a Still-Optional Robot-Reducer Bet25 juin 2026 · Hold |
FY2025 |
| 56 |
Advanced Micro Fabrication Inc
688012 · Shanghai
|
$46B |
45/100
Faible
|
48/100 |
8.3%low 4.3% |
9 yr |
Net cash |
45% |
AMEC (688012): China's Domestic Etch Equipment Leader, a Great Company at a Rich Price9 juin 2026 · Watch |
FY2025 |
| 57 |
EVE Energy
300014 · Shenzhen
|
$17B |
45/100
Faible
|
49/100 |
13.4%low 9.8% |
10 yr+ |
0.6× |
22% |
EVE Energy: Storage Now Leads the Growth and Carries the Thinnest Margin, and Capex Still Outruns the Cash It Converts28 juillet 2026 · Watch |
FY2025 |
| 58 |
Goertek Inc
002241 · Shenzhen
|
$11B |
45/100
Faible
|
41/100 |
10.2%low 3.5% |
10 yr+ |
Net cash |
15% |
GoerTek: Stand-Alone Q2 Grew 0.67%, FY2025's Profit Jump Was Largely an Accounting Gain, and CNY 23.51 Already Pays the Base Case30 août 2026 · Hold |
FY2025 |
| 59 |
Jiangsu Nata Opto Electr Material
300346 · Shenzhen
|
$4.8B |
44/100
Faible
|
43/100 |
6.1%low 0.6% |
10 yr+ |
Net cash |
39% |
Nata Opto-electronic: A Value-Investing Deep Dive20 mai 2026 · Watch |
FY2025 |
| 60 |
Changzhou Fusion New Material Co. Ltd. A
688503 · Shanghai
|
$2.0B |
42/100
Faible
|
37/100 |
11.3%low 8.4% |
6 yr |
— |
10% |
Changzhou Juhe: Real Moat, Unproven Second Curve13 juillet 2026 · Hold |
FY2025 |
| 61 |
Hygon Information Technology Co. Ltd. A
688041 · Shanghai
|
$90B |
28/100
Médiocre
|
46/100 |
6.3%low -0.8% |
5 yr |
— |
57% |
Hygon Information In-Depth Research11 juin 2026 · Hold |
FY2025 |