June 2026
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Largest Machinery Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Zhongji Innolight, NARI Technology, Sany Heavy Industry, CRRC Corp. and Jiangsu Hengli Hydraulic.
 | Zhongji Innolight Co Ltd is a China-based company engaged in the research & development, production, and sales of high-end optical communication transceiver modules, 5G wireless networks, telecom transmission, and fixed network access. The company pays attention to technology research and development and promotes products with high speed, Miniaturization, low power consumption, and low cost that are developed to provide cloud data centers of high-speed Optical transceivers for telecom equipment manufacturers 5G Fronthaul, midhaul, and backhaul optical modules are used to transmit optical on metro, backbone, and core networks modules as well as applications for fixed networks. | $170 | +701% | $189B | $188B | 33.2x | 87.6x | ||
| NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection. | $3 | +5% | $28B | $25B | 2.5x | 15.1x | ||
| 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 | +7% | $26B | $21B | 1.6x | 10.2x | ||
| CRRC Corp Ltd is engaged in research and development, design, manufacturing, refurbishment, sales, leasing and technical services of railway locomotives, MUs, urban rail transit vehicles, engineering machinery, various electromechanical equipment, electronic equipment and components, as well as electronic devices and environmental protection equipment; information consultation; industry investment and management; asset management; import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries. | $1 | -14% | $24B | $17B | 0.4x | 4.0x | ||
| Hengli Hydraulic is a leading Chinese hydraulic component supplier. It designs, manufactures, and sells hydraulic cylinder, pump, valve, and motor products. Hengli’s products are widely used in heavy machinery. It is the largest supplier of excavator hydraulic cylinders in the world with about 30% global market share. | $17 | +62% | $23B | $21B | 13.2x | 40.4x | ||
| XCMG Construction Machinery Co Ltd is engaged in tech development, manufacturing, and distribution of civil engineering materials and machines in China. Its products include forklifts, hoisting machinery, shovel machinery, compaction machinery, concrete machinery, road machinery, pile construction machinery, firefighting machinery, and construction machinery spare parts. The company distributes its products within the domestic market and to overseas markets. | $1 | +19% | $16B | $18B | 1.2x | 9.7x | ||
| Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators & spare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group’s wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. Its key revenue is from Wind turbine generator manufacturing & sales. Geographically, the key revenue is from China. | $3 | +104% | $12B | $16B | 1.5x | 11.7x | ||
| Leo Group Co Ltd operates through two distinct segments: machinery manufacturing and digital marketing. The machinery manufacturing business focuses on the research and development, production, and sales of civil and commercial pumps, industrial pumps, and garden machinery. Meanwhile, the digital marketing segment offers a comprehensive suite of services, including marketing plans and creativity, media planning and execution, performance monitoring and optimization, social marketing, and precision targeting. The majority of the company's revenue is generated from its digital marketing operations. | $1 | -- | $5B | $5B | 1.6x | 92.9x | ||
| Avic Aviation High-Technology Co Ltd is mainly engaged in the research and development of new aviation materials and the development and manufacture of high-end intelligent equipment in China. | $3 | -26% | $4B | $4B | 4.8x | 16.7x | ||
| Sany Heavy Energy Co Ltd is engaged in the research and development, manufacturing and sales of wind turbines. | $3 | -21% | $4B | $2B | 0.6x | 10.1x | ||
| Jiangsu Leili Motor Corp Ltd is a China based micro-motor supplier. It specializes in offering stepping motors, brushed and brushless DC motors, synchronous motors and different kinds of micro-pumps; besides, precision module parts, driving control design and micro-motor solutions. The products of the company are used in the industries of automotive, industrial industry sports and fitness, among others. The products of the company are sold in China, and other countries. | $4 | -- | $3B | $2B | 4.0x | 29.5x | ||
| Beijing Aerospace Shenzhou Intelligent Equipment Technology Co Ltd formerly Beijing Ctrowell Technology Corp Ltd is engaged in manufacturing railway vehicle safety detection technology. | $3 | +67% | $3B | $3B | 15.2x | (147.3x) | ||
| Beijing Dahao Technology Corp Ltd is a China-based company engages in the research, production, and sale of various computerized control systems for sewing and knitting machines. Its products are mainly used in embroidery machines, sewing machine control systems, and flat-knitting machine control systems. The company mainly operates its business in East China, South China, Central China and North China. | $2 | -- | $2B | $2B | 4.9x | 15.6x | ||
| Saurer Intelligent Technology Co Ltd is a technology group based in China which is focused on machinery and components for yarn processing. It operates in two segments Saurer Spinning Solutions and Saurer Technologies. Saurer Spinning Solutions offers technologically advanced and customer-specific automation solutions for processing staple fibre from bale to yarn. Saurer Technologies specializes in twisting and embroidery as well as engineered and polymer solutions. The product offerings of the company include Pre Spinning, Roving Frame, Winding, Rotor Spinning and Embroidery machines. | $1 | +146% | $1B | $2B | 3.3x | (21.2x) | ||
| Ningbo Donly Co Ltd researches and develops products, and services transmission equipment in China. It offers gearboxes, motors, couplings, and transmission products primarily used in metallurgy, mining, water conservancy, power, petrochemical, building materials, ports, light industry, environmental protection, and other industries. The company also provides supply chain integration services. | $2 | -- | $1B | $1B | 4.9x | 23.3x | ||
| Mesnac Co Ltd is a Chinese company mainly engaged in the development of industrial intelligence and provides integrated informationalized software and equipment for rubber companies. It also operates in the field of automation logistics, Internet of Things, chemical industrial equipment, and new rubber material. The company's product portfolio consists of mixing systems, curing and molding systems, PCR molds, TBR molds, OTR molds, tire building products, material conveying and dosing systems, and others. The company offers its products internationally. | $1 | -38% | $824M | $433M | ||||
| Shandong Weida Machinery Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of different kinds of chucks, saw blades for cutting wood, steel and stone, accessories of sinter parts and Investment casting parts. The firm offers its products within four main categories including the classic key type chucks, keyless chucks, chucks with lock, and self-tightening chucks. It sales its products in the china and overseas market. Its product offerings include die casting products, reciprocating saw speed control device, VS80 power tool switch, VS80B series variable speed switch, precision casting, powder metallurgy, and switches. | $2 | -- | $776M | $536M | ||||
| Senci Electric Machinery Co Ltd engages in research, development, manufacturing and sale of small generators, general gasoline engines and their terminal products. The company manufactures generators, starters, motors, inverters, internal combustion engines, generator sets, air compressors, washing machines, garden machinery and equipment, welding equipment, lighting equipment, uninterruptible power supplies, electronic components, microelectronics , mechatronic products and gasoline and diesel engine parts, power tools, electric vehicle parts, auto parts, motorcycle parts, general machinery, construction machinery and equipment; surface treatment of machine parts; sales of steel, building materials. | $3 | -- | $568M | $520M | ||||
| Shenzhen Jasic Technology Co Ltd is a manufacturer of inverter welding machines in China. It offers a range of products that include manual arc welding (MMA), argon-arc welding (TIG), argon-arc welding with pulse mode (TIG P), Argon-arc welding with direct and alternating current (TIG AC / DC), semi-automatic welding (MIG / MAG), Air-plasma cutting (CUT), and Automatic submerged arc welding (SAW). | $1 | -- | $548M | $330M | ||||
| Flying Technology Co Ltd is a Chinese electrical machinery and equipment manufacturing company. The company is also engaged in the provision of installation and repair services. | $2 | -- | $521M | $506M | ||||
| INLIF Ltd, through its subsidiary, is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. In addition, it offers installation and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The company portfolio includes injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms. | $4 | +219% | $51M | $49M | ||||
| Median | $3 | +19% | $3B | $2B | 2.5x | 10.2x |
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