May 2026
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Largest Building Products Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Sanhua Group and Anhui Conch Cement.
 | Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture, and distribution of refrigeration and air-conditioning control components, which include four-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchangers. The products have applications in air conditioning, commercial refrigeration, heat pumps, and home appliances. The organization supplies its products in China and internationally. | $7 | +72% | $27B | $26B | 5.6x | 28.2x | ||
| 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 | ||
| Median | $5 | +33% | $21B | $18B | 3.2x | 15.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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