Research library

Alibaba Group

9988.HK
BABA.US

The bellwether added as the thirtieth company: a globally listed operating platform whose investment book makes the valuation as important as the reported businesses.

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Tencent Holdings

0700.HK

The platform that touches nearly everything Chinese consumers do. Where the next marginal dollar of profit comes from - games, advertising, fintech or the investment book - is the study.

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CATL

3750.HK
300750.SZ

The battery incumbent every cost curve runs through. The filings question is how long scale alone stays a moat.

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Ping An Insurance (Group)

2318.HK
601318.SS

The market has already filed this one under “recovery complete”. The filings tell a narrower, more interesting story. We read China’s largest insurer from its own disclosures up, and the gap between the narrative and the print is where this study lives.

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Xiaomi

1810.HK

Phones built the brand; the car made the headlines. What the segment disclosures say about which business is really carrying the story.

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Meituan

3690.HK

Delivery economics honed for a decade, meeting a fresh subsidy war. The interesting part is what the filings admit - and what they do not.

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Li Auto

2015.HK

The range-extender champion goes fully electric. A study in whether product instincts survive a platform change.

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XPeng

9868.HK

Selling technology as much as cars. The question the filings pose: what is a software-flavoured gross margin actually worth?

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SMIC

0981.HK

China's foundry of record, priced between politics and physics. The disclosures reward a very careful read.

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DJI

Private / Unlisted

The dominant name in drones has never needed public markets, and public markets cannot have it. We piece together what the secondary marks, the suppliers and the filings trail say about the company nobody can buy.

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Horizon Robotics

9660.HK

The chip supplier behind half of China's assisted driving. Design wins are cheap to announce; the conversion maths is not.

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Midea Group

0300.HK

The appliance cash machine with an industrial-automation side bet. Which of the two the market is paying for is the whole question.

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China Merchants Bank

3968.HK

The retail-banking jewel in a property-shadowed system. Fee income, deposit strength, and what the asset-quality footnotes whisper.

View details Photo: Charlie fong, CC BY-SA 4.0, via Wikimedia Commons

NetEase

9999.HK

The quieter platform, compounding in the background. Games cash flow, and the options the market throws in for free.

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Zijin Mining

2899.HK

China's gold-and-copper consolidator, built on buying at the bottom of other people's cycles. The reserve statements say how long that can compound.

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Yangzijiang Shipbuilding

SGX BS6

The private yard that out-earns the state champions. The question is how much of the upcycle is already banked in the order book.

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Yanlord Land

SGX Z25

A Singapore-listed landlord of Chinese cities, holding premium stock through a cycle that will not turn on cue.

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BYD Company

1211.HK
002594.SZ

Record exports, relentless headlines, and a cash-flow story pulling the other way. From Pingshan to the ports, we follow the money through the filings to see what actually funds the expansion.

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China Aviation Oil

SGX G92

The dominant name in jet fuel for Chinese skies. A toll on every recovery in passenger miles, read through volume and concession disclosures.

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China Sunsine Chemical

SGX QES

The world's rubber-additive backbone, hiding in plain sight on the SGX. The filings ask how durable a speciality margin in a commodity chain really is.

View details Photo: Paul McIlroy, CC BY-SA 2.0, via Wikimedia Commons

COSCO Shipping Intl (Singapore)

SGX F83

The group's Singapore window - ship repair, marine engineering, logistics. What a small-cap listing reveals about the parent's cycle.

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Tianjin Pharmaceutical Da Ren Tang

SGX T14
SSE 600329

Centuries-old herbal houses with a modern listing trail. Whether tradition converts into pricing power is written in the margins.

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GEM Co

SIX: GEM
SZSE 002340

The battery-recycling pioneer turning urban mines into precursor supply. The filings question is what the circular margin is really made of.

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UBTech Robotics

9880.HK

The order announcements keep coming. So do the placings. A filings-first look at how China’s humanoid champion really pays for the future it is building.

View details → Photo: UBTech Robotics via PR Newswire

Gotion High-Tech

SIX: GOTION
SZSE 002074

The Volkswagen-backed battery challenger. Capacity, chemistry and the customer list - what the disclosures say about catching the leaders.

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Keda Industrial

SIX: KEDA
SSE 600499

Ceramics machinery by heritage, lithium materials by ambition. Two cycles meet in one set of accounts.

View details Photo: Guglielmo Celata, CC BY-SA 2.0, via Wikimedia Commons

Ningbo Shanshan

SIX: SSNE
SSE 600884

Anodes and polarisers - the unglamorous inputs behind the screen and the cell. The study is in the spread between them.

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Jiangsu Eastern Shenghong

SIX: DFSH
SZSE 000301

A petrochemical complex reaching up into new materials. Integration economics, read through the segments.

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Fangda Carbon

SIX: FDCB
SSE 600516

The graphite-electrode swing producer. When the arc furnaces run, the filings show who holds the pricing.

View details Photo: Oak Ridge National Laboratory, CC BY 2.0, via Wikimedia Commons