May 2026
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Largest Building Materials Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Anhui Conch Cement, China National Building Material, Yangzhou Tinfulong Group and ReTo Eco-Solutions.
 | Anhui Conch Cement mainly engages in the production and sale of cement, clinker, and concrete in China. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of over 400 million metric tons in 2024, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contribute to about 80% of its revenue, with the remainder mainly from the trading business and service income. | $3 | -5% | $15B | $10B | 0.8x | 3.4x | ||
| China National Building Material Co Ltd is a state-owned building material holding company. Its reportable segments are the Cement segment which includes the production and sale of cement, Concrete segment includes the production and sale of concrete, New Materials segment comprises of production and sale of glass fiber, composite, and lightweight building materials, and Engineering technology Services segment, which includes the provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment, which comprises Merchandise trading business and others. The company operates in PRC, Europe, the Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from the PRC. | $1 | +42% | $5B | $29B | 1.1x | 9.0x | ||
| Yangzhou Tinfulong Group Co Ltd is engaged in Research & Development, production and sales of differentiated polyester staple fibers. | $4 | -- | $2B | $1B | 2.8x | 15.8x | ||
| ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation, and construction of urban ecological environments for capturing, controlling, and reusing rainwater. It operates through two segments, namely Machinery and Equipment sales, and Technology Consulting and other services. The company earns its revenue from the Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China. | $2 | -- | $8M | $10M | 3.0x | (0.9x) | ||
| Median | $3 | +18% | $3B | $6B | 2.0x | 6.2x |
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