Hong Kong SAR China Stocks: Intrinsic Value
Intrinsic Value is the plain average of three values:
- EPV + Growth: earnings power value plus growth value, less net debt.
- Profit: 15 years of profit paid to shareholders, plus the book value and the profit kept by then.
- FCFF: 15 years of free cash flow, plus the capital invested by then, less net debt.
The list is ordered by Intrinsic Value / Market Cap. Nothing is capped, so Intrinsic Value can reach many times the Market Cap.
Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.
Apply suggested sets Return on Investment >= -0.1. Each raised the average return slightly over 2023-2024, on a hold-out half of the companies and on 2025; some single markets and portfolio sizes did worse.
Operating Income ÷ RevenueLatest fiscal yearKeeps profitable businesses. On the current valuation it lowered the Top N return at every threshold tested.
Operating Income ÷ Gross ProfitLatest fiscal yearDrops businesses whose overheads absorb their gross profit. On the current valuation it lowered the Top N return in every mode.
(Cash − Total Debt) ÷ Market Cap × 100Latest quarterAround -50 it drops only the most indebted companies, which helped Traditional Value slightly. Stricter thresholds lowered the return.
(Latest Year Revenue − Prior Year Revenue) ÷ Prior Year RevenueLatest fiscal year vs the year beforeIn Tech, 10% and above kept the cheap companies still growing; the gain was large but not consistent across samples. No effect in Traditional Value.
ΔNOPAT ÷ Growth CapExLatest fiscal year vs the year beforeAt -0.10 or 0 it drops companies whose growth investment lost money, which helped Traditional Value slightly. Higher thresholds lowered the return.
Market Cap ÷ Book ValueLatest quarterAt 10 or below it drops only extreme prices against book value, which helped Tech Value slightly. Tighter thresholds lowered the return outside Tech.
Net income > 0, book value at the start of the latest year, return on equity > 0Latest 3 fiscal yearsLeaves out companies whose 15-year profit projection cannot be made: a loss in one of the latest three years, no book value to measure growth on, or a return on equity at or below zero. Their Profit value is the book value alone, so without this filter the average still includes them on the other two values. On the current valuation it lowered the Top N return in every mode.
NOPAT − (CapEx − Depreciation + Δ Working Capital) > 0, return on capital > 0Latest 3 fiscal yearsLeaves out companies whose 15-year free cash flow projection cannot be made: operating profit or free cash flow at or below zero in one of the latest three years, a change in working capital (from the cash flow statement) above half of operating profit, or a return on capital at or below zero. Technology and Communication Services add half of R&D after tax to NOPAT. Banks are not held to it: their working capital is their loans and deposits. On the current valuation it lowered the Top N return more than any other filter.
Group by Legal Name, keep one row per companyKeeps the newest valuation, then the listing in the company's home country, the USD listing, the country filtered on, the largest market capCollapses the same legal entity listed on multiple exchanges into a single row. For example, Truist Financial appears on the New York Stock Exchange and on two German exchanges; with this on, only the primary US listing is shown. Recommended for portfolio construction; turn off when you need to inspect each individual listing.
Profit value > 3 × the larger of the EPV + Growth and FCFF valuesLatest valuationAfter years of losses, or buybacks larger than the book, the book value is close to zero, so the return on equity and the Profit value explode and the company jumps to the top of the list. Over 36 years of history in 21 countries, leaving these companies out kept the Top N return the same (between −0.2 and +0.3 points a year): it tidies the top of the list, it does not raise the return.
| # | Company | Ticker | Exchange Country | Origin Country | Sector | Industry | Market Cap | Avg Intrinsic | Intrinsic / Market | Margin of Safety | WACC | EPV / Profit / FCFF | FY End | Detail |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MGM China Holdings Limited | 2282.HK | HK | MO | Consumer Cyclical | Resorts & Casinos | $4.53B | $594.58T | 131.24K | 100.0% | 9.1% | $417.79M book $1.78Q $4.18B | 2025-12-31 | View |
| 2 | Evergrande Property Services Group Limited | 6666.HK | HK | CN | Real Estate | Real Estate Services | $1.60B | $930.27B | 581.10 | 99.8% | 11.2% | $2.52B $2.79T $278.99M book | 2025-12-31 | View |
| 3 | JINGDONG Industrials, Inc. | 7618.HK | HK | CN | Consumer Cyclical | Internet Retail | $4.37B | $721.87B | 165.00 | 99.4% | 10.5% | $2.91B $2.16T $1.60B book | 2025-12-31 | View |
| 4 | Zhongyuan Bank Co., Ltd. | 1216.HK | HK | CN | Financial Services | Banks - Regional | $1.40B | $25.84B | 18.46 | 94.6% | 4.6% | $56.58B $6.74B $14.21B book | 2025-12-31 | View |
| 5 | China Railway Construction Corporation Limited | 1186.HK | HK | CN | Industrials | Engineering & Construction | $7.46B | $135.09B | 18.10 | 94.5% | 1.7% | $270.61B $69.72B $64.96B book | 2025-12-31 | View |
| 6 | China Bohai Bank Co., Ltd. | 9668.HK | HK | CN | Financial Services | Banks - Regional | $1.76B | $30.04B | 17.09 | 94.2% | 4.2% | $58.13B $14.08B $17.92B book | 2025-12-31 | View |
| 7 | Guming Holdings Limited | 1364.HK | HK | CN | Consumer Cyclical | Restaurants | $6.66B | $109.03B | 16.36 | 93.9% | 9.3% | $4.57B $321.69B $835.91M book | 2025-12-31 | View |
| 8 | Laopu Gold Co., Ltd. | 6181.HK | HK | CN | Consumer Cyclical | Luxury Goods | $7.38B | $113.53B | 15.38 | 93.5% | 6.6% | $15.63B $323.36B $1.59B book | 2025-12-31 | View |
| 9 | Genertec Universal Medical Group Company Limited | 2666.HK | HK | CN | Financial Services | Credit Services | $1.13B | $15.34B | 13.54 | 92.6% | 1.1% | $37.86B $4.57B $3.58B book | 2025-12-31 | View |
| 10 | Greentown China Holdings Limited | 3900.HK | HK | CN | Real Estate | Real Estate - Development | $2.02B | $25.04B | 12.39 | 91.9% | 1.6% | $54.00B $6.00B $15.13B book | 2025-12-31 | View |
| 11 | China Railway Group Limited | 0390.HK | HK | CN | Industrials | Engineering & Construction | $10.01B | $123.90B | 12.38 | 91.9% | 2.1% | $212.17B $77.83B $81.70B book | 2025-12-31 | View |
| 12 | Chery Automobile Co., Ltd. | 9973.HK | HK | CN | Consumer Cyclical | Auto Manufacturers | $17.34B | $210.87B | 12.16 | 91.8% | 10.6% | $33.74B $590.82B $8.06B book | 2025-12-31 | View |
| 13 | Bank of Tianjin Co., Ltd. | 1578.HK | HK | CN | Financial Services | Banks - Regional | $1.59B | $19.13B | 12.04 | 91.7% | 4.5% | $40.61B $6.05B $10.72B book | 2025-12-31 | View |
| 14 | Yuexiu Property Company Limited | 0123.HK | HK | HK | Real Estate | Real Estate - Development | $1.72B | $20.08B | 11.68 | 91.4% | 1.1% | $39.64B $5.45B $15.14B book | 2025-12-31 | View |
| 15 | Newborn Town Inc. | 9911.HK | HK | HK | Technology | Software - Application | $1.67B | $16.49B | 9.88 | 89.9% | 8.5% | $13.74B $33.15B $2.58B book | 2025-12-31 | View |
| 16 | China Communications Construction Company Limited | 1800.HK | HK | CN | Industrials | Engineering & Construction | $6.84B | $67.53B | 9.87 | 89.9% | 2.6% | $85.30B $50.36B $66.95B book | 2025-12-31 | View |
| 17 | Metallurgical Corporation of China Ltd. | 1618.HK | HK | CN | Industrials | Engineering & Construction | $3.43B | $33.60B | 9.78 | 89.8% | 4.1% | $42.47B $31.08B $27.24B book | 2025-12-31 | View |
| 18 | CITIC Limited | 0267.HK | HK | HK | Industrials | Conglomerates | $44.27B | $421.40B | 9.52 | 89.5% | 1.3% | $921.68B $110.86B $231.65B book | 2024-12-31 | View |
| 19 | China Minsheng Banking Corp., Ltd. | 1988.HK | HK | CN | Financial Services | Banks - Regional | $18.95B | $173.91B | 9.18 | 89.1% | 4.2% | $323.74B $92.28B $105.73B book | 2025-12-31 | View |
| 20 | Far East Horizon Limited | 3360.HK | HK | HK | Financial Services | Credit Services | $3.80B | $34.82B | 9.16 | 89.1% | 1.0% | $88.25B $7.19B $9.01B book | 2024-12-31 | View |
| 21 | China National Building Material Company Limited | 3323.HK | HK | CN | Basic Materials | Building Materials | $3.04B | $26.72B | 8.79 | 88.6% | 2.6% | $26.72B book $26.72B book $26.72B book | 2025-12-31 | View |
| 22 | China Energy Engineering Corporation Limited | 3996.HK | HK | CN | Industrials | Engineering & Construction | $5.39B | $46.41B | 8.60 | 88.4% | 1.9% | $84.76B $22.60B $31.87B book | 2024-12-31 | View |
| 23 | Bank of Guizhou Co., Ltd. | 6199.HK | HK | CN | Financial Services | Banks - Regional | $1.70B | $13.46B | 7.90 | 87.3% | 4.7% | $26.81B $5.92B $7.65B book | 2025-12-31 | View |
| 24 | China Vanke Co., Ltd. | 2202.HK | HK | CN | Real Estate | Real Estate - Development | $4.10B | $31.80B | 7.76 | 87.1% | 2.4% | $31.80B book $31.80B book $31.80B book | 2025-12-31 | View |
| 25 | Guangzhou Rural Commercial Bank Co., Ltd. | 1551.HK | HK | HK | Financial Services | Banks - Regional | $2.74B | $20.62B | 7.52 | 86.7% | 4.1% | $37.42B $9.99B $14.46B book | 2025-12-31 | View |
| 26 | New World Development Company Limited | 0017.HK | HK | HK | Real Estate | Real Estate - Diversified | $1.87B | $14.02B | 7.50 | 86.7% | 3.3% | -$10.86B $26.46B book $26.46B book | 2025-06-30 | View |
| 27 | First Pacific Company Limited | 0142.HK | HK | HK | Consumer Defensive | Packaged Foods | $2.60B | $19.33B | 7.42 | 86.5% | 5.1% | $25.46B $8.49B $24.04B | 2025-12-31 | View |
| 28 | China Zheshang Bank Co., Ltd | 2016.HK | HK | CN | Financial Services | Banks - Regional | $8.22B | $60.52B | 7.36 | 86.4% | 4.4% | $124.85B $27.03B $29.67B book | 2025-12-31 | View |
| 29 | China Everbright Bank Company Limited | 6818.HK | HK | CN | Financial Services | Banks - Regional | $20.97B | $148.88B | 7.10 | 85.9% | 4.1% | $254.15B $101.86B $90.63B book | 2025-12-31 | View |
| 30 | Huishang Bank Corporation Limited | 3698.HK | HK | CN | Financial Services | Banks - Regional | $8.20B | $53.21B | 6.49 | 84.6% | 4.2% | $92.37B $42.59B $24.68B book | 2025-12-31 | View |
| 31 | China Cinda Asset Management Co., Ltd. | 1359.HK | HK | CN | Financial Services | Asset Management | $4.36B | $28.14B | 6.45 | 84.5% | 4.1% | $32.00B book $20.43B $32.00B book | 2025-12-31 | View |
| 32 | Bank of Chongqing Co., Ltd. | 1963.HK | HK | CN | Financial Services | Banks - Regional | $3.60B | $22.94B | 6.37 | 84.3% | 4.3% | $45.33B $13.05B $10.43B book | 2025-12-31 | View |
| 33 | Hang Lung Group Limited | 0010.HK | HK | HK | Real Estate | Real Estate Services | $2.11B | $13.12B | 6.22 | 83.9% | 2.6% | $14.84B $7.26B $17.24B | 2025-12-31 | View |
| 34 | China Resources Pharmaceutical Group Limited | 3320.HK | HK | HK | Healthcare | Drug Manufacturers - Specialty & Generic | $3.44B | $21.09B | 6.12 | 83.7% | 4.3% | $32.62B $8.48B $22.16B | 2025-12-31 | View |
| 35 | Great Eagle Holdings Limited | 0041.HK | HK | HK | Real Estate | Real Estate - Diversified | $1.32B | $8.08B | 6.11 | 83.7% | 4.1% | $8.08B book $8.08B book $8.08B book | 2025-12-31 | View |
| 36 | C&D International Investment Group Limited | 1908.HK | HK | HK | Real Estate | Real Estate - Development | $3.74B | $21.80B | 5.83 | 82.9% | 1.8% | $41.52B $10.13B $13.76B book | 2025-12-31 | View |
| 37 | China Jinmao Holdings Group Limited | 0817.HK | HK | CN | Real Estate | Real Estate - Development | $2.23B | $12.94B | 5.81 | 82.8% | 1.8% | $4.60B $17.11B book $17.11B book | 2025-12-31 | View |
| 38 | China Development Bank Financial Leasing Co., Ltd. | 1606.HK | HK | CN | Industrials | Rental & Leasing Services | $2.36B | $13.14B | 5.56 | 82.0% | 2.3% | $23.21B $9.91B $6.29B book | 2025-12-31 | View |
| 39 | Sinopharm Group Co. Ltd. | 1099.HK | HK | CN | Healthcare | Medical Distribution | $5.87B | $32.45B | 5.53 | 81.9% | 4.1% | $49.03B $18.45B $29.89B | 2025-12-31 | View |
| 40 | Beijing Jingneng Clean Energy Co., Limited | 0579.HK | HK | CN | Utilities | Utilities - Regulated Electric | $1.71B | $9.36B | 5.47 | 81.7% | 2.7% | $15.72B $6.72B $5.63B book | 2025-12-31 | View |
| 41 | Dongguan Rural Commercial Bank Co., Ltd. | 9889.HK | HK | CN | Financial Services | Banks - Regional | $2.75B | $14.60B | 5.30 | 81.1% | 4.1% | $23.31B $11.47B $9.02B book | 2025-12-31 | View |
| 42 | Guangzhou Automobile Group Co., Ltd. | 2238.HK | HK | CN | Consumer Cyclical | Auto Manufacturers | $3.05B | $15.36B | 5.04 | 80.2% | 2.9% | $15.36B book $15.36B book $15.36B book | 2025-12-31 | View |
| 43 | Weibo Corporation | 9898.HK | HK | CN | Communication Services | Internet Content & Information | $1.56B | $7.78B | 4.99 | 80.0% | 4.3% | $9.03B $7.03B $7.29B | 2025-12-31 | View |
| 44 | Fosun International Limited | 0656.HK | HK | HK | Industrials | Conglomerates | $4.93B | $24.08B | 4.89 | 79.5% | 4.2% | $24.08B book $24.08B book $24.08B book | 2025-12-31 | View |
| 45 | Chongqing Rural Commercial Bank Co., Ltd. | 3618.HK | HK | CN | Financial Services | Banks - Regional | $9.02B | $43.90B | 4.87 | 79.5% | 4.3% | $80.99B $30.71B $19.99B book | 2025-12-31 | View |
| 46 | 3SBio Inc. | 1530.HK | HK | CN | Healthcare | Biotechnology | $5.02B | $23.91B | 4.76 | 79.0% | 6.9% | $27.83B $27.99B $15.90B | 2025-12-31 | View |
| 47 | Angang Steel Company Limited | 0347.HK | HK | CN | Basic Materials | Steel | $1.33B | $6.34B | 4.75 | 79.0% | 5.2% | $6.34B book $6.34B book $6.34B book | 2025-12-31 | View |
| 48 | Aux Electric Co., Ltd. | 2580.HK | HK | CN | Industrials | Building Products & Equipment | $1.45B | $6.85B | 4.71 | 78.8% | 8.6% | $5.33B $13.87B $1.35B book | 2025-12-31 | View |
| 49 | Zhejiang Expressway Co., Ltd. | 0576.HK | HK | CN | Industrials | Infrastructure Operations | $4.49B | $21.07B | 4.70 | 78.7% | 2.1% | $38.89B $11.02B $13.31B book | 2025-12-31 | View |
| 50 | United Energy Group Limited | 0467.HK | HK | HK | Energy | Oil & Gas E&P | $1.28B | $5.70B | 4.45 | 77.5% | 5.3% | $8.88B $4.00B $4.23B | 2025-12-31 | View |
| 51 | Shanghai Pharmaceuticals Holding Co., Ltd | 2607.HK | HK | CN | Healthcare | Medical Distribution | $5.13B | $22.26B | 4.34 | 77.0% | 3.5% | $29.93B $16.16B $20.70B | 2025-12-31 | View |
| 52 | AviChina Industry & Technology Company Limited | 2357.HK | HK | HK | Industrials | Aerospace & Defense | $3.16B | $13.51B | 4.28 | 76.6% | 5.0% | $19.42B $6.39B $14.70B book | 2025-12-31 | View |
| 53 | Sunac China Holdings Limited | 1918.HK | HK | CN | Real Estate | Real Estate - Development | $1.59B | $6.70B | 4.22 | 76.3% | 5.2% | $6.70B book $6.70B book $6.70B book | 2025-12-31 | View |
| 54 | Country Garden Holdings Company Limited | 2007.HK | HK | CN | Real Estate | Real Estate - Development | $1.10B | $4.56B | 4.15 | 75.9% | 1.4% | $4.56B book $4.56B book $4.56B book | 2025-12-31 | View |
| 55 | Dah Sing Financial Holdings Limited | 0440.HK | HK | HK | Financial Services | Banks - Regional | $1.82B | $7.51B | 4.13 | 75.8% | 6.5% | $11.00B $5.54B $5.98B book | 2025-12-31 | View |
| 56 | Shanghai Industrial Holdings Limited | 0363.HK | HK | HK | Industrials | Conglomerates | $1.79B | $7.27B | 4.06 | 75.3% | 3.2% | $6.49B $4.82B $10.51B book | 2025-12-31 | View |
| 57 | Bank of Qingdao Co., Ltd. | 3866.HK | HK | CN | Financial Services | Banks - Regional | $3.60B | $14.35B | 3.99 | 74.9% | 5.1% | $26.91B $8.29B $7.84B book | 2025-12-31 | View |
| 58 | Shanghai Chicmax Cosmetic Co., Ltd. | 2145.HK | HK | CN | Consumer Defensive | Household & Personal Products | $1.04B | $4.11B | 3.94 | 74.6% | 5.7% | $3.37B $3.59B $5.37B | 2025-12-31 | View |
| 59 | Postal Savings Bank of China Co., Ltd. | 1658.HK | HK | CN | Financial Services | Banks - Regional | $82.40B | $324.37B | 3.94 | 74.6% | 6.0% | $617.25B $189.56B $166.31B book | 2025-12-31 | View |
| 60 | Chuangxin Industries Holdings Limited | 2788.HK | HK | CN | Basic Materials | Aluminum | $3.94B | $15.08B | 3.83 | 73.9% | 8.1% | $4.05B $39.64B $1.56B book | 2025-12-31 | View |
| 61 | Legend Holdings Corporation | 3396.HK | HK | CN | Technology | Computer Hardware | $7.22B | $26.75B | 3.71 | 73.0% | 4.0% | $49.12B $15.57B book $15.57B book | 2025-12-31 | View |
| 62 | CGN New Energy Holdings Co., Ltd. | 1811.HK | HK | HK | Utilities | Utilities - Independent Power Producers | $1.09B | $4.00B | 3.67 | 72.8% | 2.9% | $5.97B $4.02B $2.02B book | 2025-12-31 | View |
| 63 | Bank of Communications Co., Ltd. | 3328.HK | HK | CN | Financial Services | Banks - Diversified | $92.72B | $328.90B | 3.55 | 71.8% | 4.4% | $549.30B $245.27B $192.13B book | 2025-12-31 | View |
| 64 | Maanshan Iron & Steel Company Limited | 0323.HK | HK | CN | Basic Materials | Steel | $1.52B | $5.34B | 3.51 | 71.5% | 5.5% | $5.34B book $5.34B book $5.34B book | 2025-12-31 | View |
| 65 | Fufeng Group Limited | 0546.HK | HK | CN | Basic Materials | Specialty Chemicals | $1.39B | $4.80B | 3.45 | 71.0% | 4.5% | $8.30B $3.32B $2.78B book | 2025-12-31 | View |
| 66 | Weihai Bank Co., Ltd. | 9677.HK | HK | CN | Financial Services | Banks - Regional | $2.68B | $9.22B | 3.44 | 70.9% | 5.8% | $19.14B $3.47B $5.06B book | 2025-12-31 | View |
| 67 | ZCZL Industrial Technology Group Company Limited | 0564.HK | HK | CN | Industrials | Farm & Heavy Construction Machinery | $2.53B | $8.65B | 3.42 | 70.7% | 5.3% | $12.27B $10.08B $3.61B book | 2025-12-31 | View |
| 68 | Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited | 0874.HK | HK | CN | Healthcare | Medical Distribution | $2.71B | $9.24B | 3.41 | 70.6% | 3.5% | $13.83B $7.77B $6.11B book | 2025-12-31 | View |
| 69 | China Lesso Group Holdings Limited | 2128.HK | HK | CN | Industrials | Building Products & Equipment | $1.25B | $4.21B | 3.38 | 70.4% | 5.5% | $6.16B $2.03B $4.46B | 2025-12-31 | View |
| 70 | Industrial and Commercial Bank of China Limited | 1398.HK | HK | CN | Financial Services | Banks - Diversified | $339.19B | $1.12T | 3.30 | 69.7% | 4.6% | $1.80T $912.05B $641.81B book | 2025-12-31 | View |
| 71 | Beijing Enterprises Water Group Limited | 0371.HK | HK | HK | Utilities | Utilities - Regulated Water | $1.95B | $6.37B | 3.27 | 69.5% | 3.2% | $5.95B $5.13B $8.02B book | 2025-12-31 | View |
| 72 | Agricultural Bank of China Limited | 1288.HK | HK | CN | Financial Services | Banks - Diversified | $288.62B | $940.71B | 3.26 | 69.3% | 4.5% | $1.66T $666.81B $491.37B book | 2025-12-31 | View |
| 73 | United Company RUSAL, International Public Joint-Stock Company | 0486.HK | HK | RU | Basic Materials | Aluminum | $5.43B | $17.66B | 3.25 | 69.3% | 5.8% | $21.45B $19.43B $12.12B book | 2024-12-31 | View |
| 74 | Shenzhen International Holdings Limited | 0152.HK | HK | HK | Industrials | Infrastructure Operations | $1.58B | $5.11B | 3.23 | 69.0% | 2.7% | $2.45B $4.81B $8.06B book | 2025-12-31 | View |
| 75 | Xinhua Winshare Publishing and Media Co., Ltd. | 0811.HK | HK | CN | Communication Services | Publishing | $1.24B | $3.98B | 3.21 | 68.8% | 5.3% | $4.62B $4.08B $3.23B | 2024-12-31 | View |
| 76 | Bank of China Limited | 3988.HK | HK | CN | Financial Services | Banks - Diversified | $243.51B | $778.33B | 3.20 | 68.7% | 4.5% | $1.24T $621.76B $477.45B book | 2025-12-31 | View |
| 77 | CSC Financial Co., Ltd. | 6066.HK | HK | CN | Financial Services | Capital Markets | $10.97B | $35.01B | 3.19 | 68.7% | 4.0% | $57.31B $29.18B $18.53B book | 2025-12-31 | View |
| 78 | MINISO Group Holding Limited | 9896.HK | HK | CN | Consumer Cyclical | Specialty Retail | $2.63B | $8.25B | 3.13 | 68.1% | 3.8% | $6.87B $2.88B $15.00B | 2025-12-31 | View |
| 79 | China Everbright Environment Group Limited | 0257.HK | HK | HK | Industrials | Waste Management | $3.54B | $11.06B | 3.13 | 68.0% | 3.5% | $14.98B $8.91B $9.29B book | 2025-12-31 | View |
| 80 | China CITIC Bank Corporation Limited | 0998.HK | HK | CN | Financial Services | Banks - Regional | $59.17B | $184.83B | 3.12 | 68.0% | 5.6% | $318.28B $104.97B $131.25B book | 2025-12-31 | View |
| 81 | China Everbright Limited | 0165.HK | HK | HK | Financial Services | Asset Management | $1.33B | $4.14B | 3.12 | 67.9% | 5.7% | $4.14B book $4.14B book $4.14B book | 2025-12-31 | View |
| 82 | Longfor Group Holdings Limited | 0960.HK | HK | CN | Real Estate | Real Estate - Development | $4.81B | $14.78B | 3.07 | 67.4% | 2.9% | $6.21B $4.22B $33.91B book | 2025-12-31 | View |
| 83 | China Construction Bank Corporation | 0939.HK | HK | CN | Financial Services | Banks - Diversified | $319.09B | $972.44B | 3.05 | 67.2% | 4.8% | $1.55T $803.72B $564.89B book | 2025-12-31 | View |
| 84 | China Suntien Green Energy Corporation Limited | 0956.HK | HK | CN | Utilities | Utilities - Regulated Gas | $1.87B | $5.65B | 3.02 | 66.9% | 3.1% | $8.55B $3.91B $4.51B book | 2025-12-31 | View |
| 85 | Haitong Unitrust International Financial Leasing Co., Ltd. | 1905.HK | HK | CN | Financial Services | Credit Services | $1.26B | $3.74B | 2.96 | 66.2% | 4.7% | $6.03B $2.25B $2.92B book | 2025-12-31 | View |
| 86 | COSCO SHIPPING Development Co., Ltd. | 2866.HK | HK | CN | Industrials | Aerospace & Defense | $1.44B | $4.25B | 2.95 | 66.1% | 3.3% | $4.78B $3.29B $4.68B book | 2025-12-31 | View |
| 87 | China Overseas Land & Investment Limited | 0688.HK | HK | HK | Real Estate | Real Estate - Development | $17.87B | $52.42B | 2.93 | 65.9% | 2.8% | $64.33B $32.84B $60.08B book | 2025-12-31 | View |
| 88 | China State Construction International Holdings Limited | 3311.HK | HK | HK | Industrials | Engineering & Construction | $5.83B | $17.09B | 2.93 | 65.9% | 4.3% | $24.56B $14.57B $12.16B book | 2025-12-31 | View |
| 89 | Great Wall Motor Company Limited | 2333.HK | HK | CN | Consumer Cyclical | Auto Manufacturers | $7.25B | $21.20B | 2.92 | 65.8% | 4.5% | $31.57B $19.14B $12.88B book | 2025-12-31 | View |
| 90 | China Power International Development Limited | 2380.HK | HK | HK | Utilities | Utilities - Regulated Electric | $4.26B | $12.37B | 2.91 | 65.6% | 2.5% | $10.00B $10.22B $16.89B book | 2025-12-31 | View |
| 91 | Datang International Power Generation Co., Ltd. | 0991.HK | HK | CN | Utilities | Utilities - Independent Power Producers | $6.28B | $17.94B | 2.85 | 65.0% | 3.0% | $24.14B $14.49B $15.19B book | 2025-12-31 | View |
| 92 | Hysan Development Company Limited | 0014.HK | HK | HK | Real Estate | Real Estate Services | $2.03B | $5.52B | 2.72 | 63.2% | 4.0% | $1.02B $9.67B book $5.86B | 2025-12-31 | View |
| 93 | China Longyuan Power Group Corporation Limited | 0916.HK | HK | CN | Utilities | Utilities - Renewable | $5.54B | $14.87B | 2.68 | 62.7% | 3.1% | $20.80B $10.36B $13.45B book | 2025-12-31 | View |
| 94 | The Wharf (Holdings) Limited | 0004.HK | HK | HK | Real Estate | Real Estate - Development | $7.32B | $19.61B | 2.68 | 62.7% | 4.9% | $19.61B book $19.61B book $19.61B book | 2025-12-31 | View |
| 95 | China Coal Energy Company Limited | 1898.HK | HK | CN | Energy | Thermal Coal | $17.21B | $45.77B | 2.66 | 62.4% | 4.9% | $58.05B $33.55B $45.71B | 2025-12-31 | View |
| 96 | Liaoning Port Co., Ltd. | 2880.HK | HK | CN | Industrials | Marine Shipping | $1.94B | $5.15B | 2.66 | 62.3% | 5.5% | $6.04B $3.81B $5.61B | 2025-12-31 | View |
| 97 | Kerry Properties Limited | 0683.HK | HK | HK | Real Estate | Real Estate - Development | $3.23B | $8.55B | 2.65 | 62.2% | 3.3% | $5.39B $4.92B $15.33B book | 2025-12-31 | View |
| 98 | Yankuang Energy Group Company Limited | 1171.HK | HK | CN | Energy | Thermal Coal | $14.44B | $38.12B | 2.64 | 62.1% | 4.4% | $67.94B $19.69B $26.75B book | 2025-12-31 | View |
| 99 | The United Laboratories International Holdings Limited | 3933.HK | HK | HK | Healthcare | Drug Manufacturers - Specialty & Generic | $1.92B | $5.03B | 2.62 | 61.9% | 4.9% | $7.36B $5.23B $2.50B book | 2025-12-31 | View |
| 100 | WH Group Limited | 0288.HK | HK | HK | Consumer Defensive | Packaged Foods | $10.86B | $28.11B | 2.59 | 61.4% | 5.0% | $37.08B $21.62B $25.64B | 2025-12-31 | View |