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Trades about 433% below its sector, cheaper than its peers on earnings.
China First Heavy Industries is a prominent manufacturer and supplier of heavy industrial equipment, catering to both domestic and international markets. Its diverse product portfolio includes critical apparatus for nuclear power generation. Within the petrochemical sector, it provides essential components like reactors for coal liquefaction, hydrogenation, PTA, and EO processes, as well as large-scale heat exchangers and coal gasifiers. For the metallurgical industry, the company offers an extensive array of machinery, including casting machines, converters, electric furnaces, various rolling mills (such as tandem cold, hot strip, sectional beam, and long product mills), shearing lines, plate levelers, slab sizing presses, and coilers. Its forging equipment range features different types of presses, specifically mechanical, hot die forging, stretcher leveler, and hydraulic models. Moreover, its engineering machinery selection comprises mining excavators, shield tunneling machines, and plate bending machines. The company's vast clientele originates from key industries, including steel, non-ferrous metals, electric power, energy, automotive, mining, petroleum, chemical processing, transportation, and defense. Founded in 1954 as First Heavy Machinery Works, the enterprise is headquartered in Qiqihar, People's Republic of China.
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