![Jiangxi Guoke Defence Group logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
May 2026
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Largest Defense Systems Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
AVIC Chengdu Aircraft, Kuang-Chi, Guide Infrared, Addsino Co. and Guizhou Space Appliance.
 | AVIC Chengdu Aircraft Co Ltd is engaged in the research and production of complete aviation weapons and equipment and their accessories and mainly focuses on the aviation industry. | $11 | -- | $28B | $25B | 2.3x | 27.5x | ||
| Kuang-Chi Technologies Co Ltd is engaged in the research and development, production, and sales of new-generation metamaterial cutting-edge equipment products in China. The company has two segments, which include the Metamaterials business segment and the Metamaterials research and development business segment. The company generates the majority of its revenue from the Metamaterials business segment. | $6 | -7% | $13B | $12B | 40.4x | 87.8x | ||
| Wuhan Guide Infrared Co Ltd is engaged in the research, development, production, and sale of infrared thermal imaging technology. The company’s main business includes the development of infrared focal plane detector chips, thermal imaging devices, and integrated optoelectronic systems centered on infrared imaging technology. Its activities also extend to the provision of complete equipment systems, as well as the production of traditional non-lethal munitions and information-based ammunition. | $2 | +60% | $9B | $9B | 12.8x | 50.2x | ||
| Addsino Co Ltd is a China-based company engages in the development, manufacture, and distribution of command and control communication products. Its main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others. | $3 | +222% | $6B | $5B | 14.7x | (33.9x) | ||
| Guizhou Space Appliance Co Ltd is engaged in research and development in the fields of high-end connectors, relays, micro-motors, optoelectronics, cable assemblies, secondary power supplies, control components and telemetry systems. It offers Electrical connector, Fiber linker, Cable, Switch, Medical sample and Locomotive sample. These products are widely used in aviation, aerospace, marine, weapons, nuclear, electronics, communications, medical, rail transit, energy equipment, network equipment, household appliances, and new energy vehicles. Geographically, the group operates through China. | $11 | +54% | $5B | $5B | 5.9x | 61.5x | ||
| CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through the following business segments: Shipbuilding and related business which generates key revenue, Steel Structure engineering, Ship maintenance, and others. | $3 | +21% | $5B | $3B | 1.1x | 12.9x | ||
| Avic (Chengdu) Uas Co Ltd is engaged in the design, production, repair, sales, leasing, after-sales service and technology development, technology transfer, technical consultation, and technical services of UAV systems, aerospace vehicles and their supporting products. | $7 | +1% | $5B | $4B | 9.0x | 183.8x | ||
| AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense, and non-aviation civilian products. The company also provides civil aviation precision parts for aviation companies, such as aviation rocker arms, flight control systems and fuel system slide valve components, engine pump housing components, and other precision parts. | $3 | +10% | $4B | $4B | 4.8x | 23.9x | ||
| Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment. | $12 | +55% | $3B | $3B | 16.7x | 49.6x | ||
| AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales, and upgrade of civil aviation products and defense products such as the provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business which generates key revenue; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. AviChina mainly conducts its business in China. | $0 | -19% | $3B | $3B | 0.3x | 3.6x | ||
| Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade. | $5 | -12% | $3B | $3B | 2.9x | 145.2x | ||
| Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services. | $3 | -2% | $3B | $3B | 6.6x | 53.2x | ||
| Xi'an Triangle Defense Co Ltd is a China based company engaged in the manufacturing of Railway, Marine, Aerospace and other transportation equipment's. | $4 | +10% | $2B | $2B | 8.3x | 22.2x | ||
| Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services. | $3 | +27% | $2B | $2B | 18.9x | 399.3x | ||
| CETC Digital Technology Co Ltd is engaged in the development of information systems and software engineering in China. It is also involved in the design, installation, and construction of computer hardware, communication equipment, electronics, integrated system equipment systems integration, network engineering, software engineering and electronic engineering. Its product and services include Data Center Product Solution, Cloud product solutions, and Cloud service management. The company distributes its products within domestic and overseas markets. | $3 | -5% | $2B | $2B | 1.4x | 27.6x | ||
| Jiangxi Guoke Defence Group Co Ltd Research and development, production and sales of missile (rocket) solid motor power and control products and ammunition equipment. | $7 | +6% | $2B | $2B | 7.6x | 31.9x | ||
| Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear. | $5 | +23% | $2B | $2B | 11.7x | 33.3x | ||
| Shaanxi Zhongtian Rocket Technology Co Ltd is engaged in the research and development, production and sales of small solid rockets and their extended products. The company manufactures rain-enhancing and anti-hail rockets, sounding rockets, small guided rockets, among others. | $8 | +38% | $1B | $1B | 11.0x | (258.4x) | ||
| Jiangxi Xinyu Guoke Technology Co Ltd is a China-based company engaged in the business of research, development, production, and sales of military and related products. The company is also involved in the manufacture and trade of pyrotechnic and related products. Its products consist of figure explosion equipment, shadow rocket, shell storage, and transportation device, weather special technical equipment, machinery and blasting equipment and others. | $4 | -14% | $1B | $1B | 15.3x | 61.5x | ||
| Median | $4 | +10% | $3B | $3B | 8.3x | 33.3x |
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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