
May 2026
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![]() | Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company's main products include potassium chloride and lithium carbonate. | $6 | +143% | $30B | $26B | 11.3x | 21.2x | ||
![]() | EVE Energy Co Ltd is a China-based enterprise mainly engaged in the research, manufacturing, and sale of consumer batteries, power batteries, and energy storage batteries. Its consumer battery portfolio includes lithium primary cells, compact lithium-ion batteries, and cylindrical batteries, applied in both consumer and industrial sectors such as smart metering, smart home devices, automotive electronics, and more. The company’s power batteries consist of products and systems for new energy passenger vehicles, serving applications in passenger cars, commercial vehicles, engineering machinery, and related fields. Its energy storage batteries are utilized in power, industrial, and commercial energy storage solutions, among other applications. | $10 | +57% | $22B | $25B | 2.8x | 20.4x | ||
![]() | Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2024. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2024. | $3 | +7% | $11B | $21B | 1.7x | 25.6x | ||
![]() | Far East Smarter Energy Co Ltd operates as a wire and cable manufacturer in China. The company is mainly engaged in system development, design, manufacturing, marketing and service of four major types of cable products, such as overhead wires, power cables, wire and cable for electrical equipment, and special cables. Its products are widely used in smart power, smart transportation, intelligent energy intelligent construction and other fields. | $3 | +280% | $6B | $7B | 1.6x | 53.4x | ||
![]() | Bloomage BioTechnology Corp Ltd manufactures and sells a variety of chemicals and chemical-based products, typically made from hyaluronic acid or sodium hyaluronic acid. The company's products include raw materials, medical products, functional skincare, and functional foods. Raw materials, mainly hyaluronic acid, are used in pharmaceuticals, medical devices, cosmetics, and food. Medical products span beauty and therapeutic uses, such as viscoelastics, lubricants, fillers, and skin protectors. Skincare items include lotions, creams, and masks, while functional foods feature hyaluronic acid drinks and supplements. | $6 | -- | $3B | $3B | 4.6x | 26.7x | ||
![]() | Anhui Huaheng Biotechnology Co Ltd is engaged in the research and development, production and sales of bio-based products such as amino acids and other alanine products. | $4 | -11% | $1B | $1B | 3.1x | 20.5x | ||
| Median | $5 | +57% | $9B | $14B | 2.9x | 23.4x |
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