![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 DefenseTech Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
AVIC Chengdu Aircraft, Shenyang Aircraft Corporation, AECC Aviation Power, Avic Xian Aircraft and AVIC Airborne Systems.
 | 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 | ||
| Avic Shenyang Aircraft Co Ltd is engaged in manufacturing aviation product. Its products offerings include aviation defense equipment and civil aviation products. Civil aviation products include domestic and foreign civil aircraft parts. | $7 | -1% | $20B | $17B | 2.7x | 23.0x | ||
| AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing, and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy, and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems. | $7 | +36% | $19B | $22B | 3.2x | 37.1x | ||
| Avic Xian Aircraft Industry Group Co Ltd, formerly AVIC Aircraft Co Ltd is engaged in the design, production, marketing and services for large-and medium-sized transport aircraft, civil passenger aircraft and aircraft landing gear systems. It develops four types of aircraft namely, qinpeng and god of war, whizzed pastzhuri and the sky. | $3 | -5% | $10B | $9B | 1.5x | 24.9x | ||
| AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services. | $2 | +7% | $9B | $9B | 2.6x | 19.0x | ||
| 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. | $4 | +241% | $6B | $6B | 15.6x | (36.0x) | ||
| 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 | +46% | $5B | $5B | 5.6x | 58.4x | ||
| 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 | +22% | $5B | $3B | 1.1x | 13.1x | ||
| 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% | $4B | $4B | 8.7x | 179.4x | ||
| 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 | +12% | $4B | $4B | 4.9x | 24.3x | ||
| 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 | -6% | $3B | $3B | 3.1x | 154.2x | ||
| 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. | $13 | +58% | $3B | $3B | 17.1x | 50.7x | ||
| 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 | -17% | $3B | $4B | 0.3x | 3.7x | ||
| 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 | +1% | $3B | $3B | 6.8x | 55.0x | ||
| 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 | +18% | $2B | $2B | 9.0x | 24.0x | ||
| AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings. | $6 | +61% | $2B | $2B | 3.6x | 26.1x | ||
| Jiangxi Guoke Defence Group Co Ltd Research and development, production and sales of missile (rocket) solid motor power and control products and ammunition equipment. | $9 | +35% | $2B | $2B | 8.1x | 33.9x | ||
| Hefei Jianghang Aircraft Equipment Co Ltd is engaged in production of aviation equipments and special refrigeration. The company produces aviation oxygen system, air service oxygen system, aircraft cabin equipment facilities, emergency oxygen supply device, engine oxygen supplement system, inert protection system, aviation fuel tank system, landing gear, aerospace environmental control life support equipment, aerospace individual protective device, ground oxygen protection device, plug-in pod, aviation ground equipment, non-standard testing equipment, non-standard training equipment, oxygen generator, sensitive element, sensor, refrigeration equipment, civil oxygen generator, medical oxygen generator, air purifier, and water purification. | $2 | +49% | $2B | $2B | 11.5x | 88.7x | ||
| 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 | +24% | $2B | $2B | 11.8x | 33.5x | ||
| 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. | $9 | +49% | $1B | $1B | 12.0x | (280.9x) | ||
| Sichuan 6912 Communication Technology Co Ltd research and development, production and sales of military training equipment and special military equipment. | $19 | -2% | $1B | $1B | 19.6x | 110.7x | ||
| 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 | -10% | $1B | $1B | 16.1x | 64.4x | ||
| Median | $5 | +18% | $3B | $3B | 6.2x | 30.5x |
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