May 2026
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Largest Construction & Engineering Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
China State Construction Engineering, Sany Heavy Industry, China Tower, China Railway Group and Power Construction Corporation of China.
 | China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. The company conducts its operations through five segments: Housing Construction segment, Infrastructure Construction and Investment segment, Real Estate Development and Investment segment, Design & Survey segment, and Others segment. It derives the majority of its revenue from the Housing Construction segment. The company's services include product technology research and development, survey and design, real estate development, engineering contracting, equipment manufacturing, asset operation, and property management. | $1 | -12% | $30B | $120B | 0.4x | 7.8x | ||
| Sany Heavy Industry Co Ltd is a construction machinery manufacturer in China. Its products range from concrete and crane machinery to excavators, road construction, piling machinery, and others. The company operates its businesses through seven segments: Concrete Machinery, Excavator Machinery, Hoisting Machinery, Piling Machinery, Road Machinery, Financial Services, and Others. It generates the majority of its revenue from the Excavator Machinery segment, which engages in research, development, manufacture, and sale of excavator machinery products. | $3 | +10% | $28B | $23B | 1.8x | 11.2x | ||
| China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. The Group’s revenue is generated from the Three TSPs. | $1 | -6% | $24B | $36B | 2.4x | 3.7x | ||
| China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works. | $1 | -8% | $17B | $80B | 0.5x | 8.2x | ||
| Power Construction Corporation of China Ltd is engaged in engineering contracting, power investment and operation, equipment manufacturing and leasing, and real estate development. | $1 | +24% | $15B | $79B | 0.8x | 9.9x | ||
| China Communications Construction Co Ltd is a engineering and construction company providing construction solutions and services. The company's segment includes Construction; Design; Dredging and others. It generates maximum revenue from the Construction segment. The Construction segment includes infrastructure construction of ports, roads, bridges and railways, municipal and environmental engineering, and others. | $1 | -21% | $14B | $98B | 0.9x | 10.5x | ||
| China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segments: Construction, Planning & Design, manufacturing and Real Estate; and Other Business Operations. The firm's revenue gets dominated by the Construction segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects. | $1 | -15% | $13B | $90B | 0.6x | 9.0x | ||
| Jiangsu Libert Inc is engaged in the design and manufacture of industrial modules. | $3 | -- | $1B | $1B | 3.5x | 28.4x | ||
| ARTS Group Co Ltd is engaged in planning, design, construction, and development with the purpose of providing engineering and technical service. The company's project profile consists of Public Building, Planning Design, Interior Design, Landscape Design, Residential Projects, Logistics Construction, Green Building, and others. | $2 | -- | $601M | $478M | 2.8x | 28.7x | ||
| Zhongyan Technology Co Ltd offers engineering services. It provides engineering consulting, engineering designing and other services. | $3 | -- | $506M | $430M | 4.7x | 37.9x | ||
| Julong Holding Ltd is a provider of intelligent integrated solutions to public utilities, commercial properties, and multifamily residential properties operating at scale in China. The intelligent integrated solutions it offer typically include intelligent security systems, fire protection systems, parking systems, toll collection systems, broadcasting systems, identification systems, data room systems, emergency command systems and city management systems. Its business lines include (i) engineering solutions of intelligent projects, (ii) operation and maintenance of intelligent projects, and (iii) sales of equipment and materials of intelligent systems. | $23 | -- | $499M | $491M | 13.2x | 107.4x | ||
| WF International Ltd is engaged in the provision of supply, installation, fitting-out and maintenance services for HVAC system and floor heating systems. It provides the supply, installation and fitting-out services for HVAC systems for large-scaled commercial projects consisting of offices, hotels, manufactures, airports and hospitals, such as the International Finance Square HVAC projects across China, Chengdu Vanke Charm City, Chengdu Raffles Plaza, Chengdu Yinshi Plaza, Chengdu Metro No. Ten Line, and Panzhihua Jinhai Hotel. | $1 | -71% | $6M | $7M | 0.5x | (2.4x) | ||
| Median | $1 | -10% | $13B | $30B | 1.3x | 10.2x |
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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