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Zhejiang Longsheng Group (600352) Fair Value & Analysis

Basic Materials · CN · Market cap 42.8B CNY

ZL Zhejiang Longsheng Group 600352 · SHG
Price¥13.17
Fair Value¥11.42
Upside-13.3%
Quality66/100
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Weak Growth
Solidly profitable · 14.4% net margin
Low debt · generates free cash flow
4.96% dividend yield
Ranks above peers (12/14)
Moderate moat 48/100
Evidence: High Range ¥8.56 – ¥14.27 Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥9.56 to ¥11.42 (+19.4%) since Jul 11, 2026. Share price +14.8% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥8.56 (bear) to ¥14.27 (bull), base ¥11.42. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥16.73 ¥7.49 Fair Value ¥11.42 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥7.49 – ¥16.73 · fair‑value band ¥8.56 – ¥14.27 · the ¥13.17 price screens above the ¥11.42 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Zhejiang Longsheng Group (600352) currently trades at ¥13.17, while our model-based Fair Value estimate is ¥11.42, implying the stock looks roughly 13.3% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Zhejiang Longsheng Group generated revenue of 13.7B CNY at a net margin of 14.4%. Revenue grew 11.8% year over year. It earns a return on equity of 6.2%. The balance sheet holds a net cash position of 6.7B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥8.56 (bear case) to ¥14.27 (bull case); at ¥13.17, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -13%, 600352 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥25.75 ¥36.27 ¥51.67 80
Residual Income ¥7.83 ¥8.01 ¥7.94 76
Rev-Margin DCF ¥15.10 ¥18.75 ¥23.17 74
All 24 models by family
DCF Models
FCF DCF ¥25.51 ¥37.62 ¥56.64 38
Owner Earnings ¥14.32 ¥19.63 ¥27.98 31
5Y Revenue Exit ¥15.10 ¥18.48 ¥22.51 39
5Y EBITDA Exit ¥16.33 ¥20.83 ¥25.91 41
5Y P/E Exit ¥16.61 ¥21.37 ¥26.29 38
10Y Revenue Exit ¥18.50 ¥22.56 ¥27.62 36
10Y EBITDA Exit ¥19.42 ¥24.21 ¥30.26 37
10Y P/E Exit ¥19.60 ¥24.59 ¥30.56 35
Earnings-Based
Graham-Dodd ¥3.82 ¥13.13 ¥17.62 54
Lynch FV ¥3.03 ¥4.32 ¥5.62 50
PEG = 1.0 ¥3.03 ¥4.32 ¥5.62 46
EPV ¥10.12 ¥10.88 ¥11.55 59
Multiples
P/E Multiple ¥7.17 ¥9.56 ¥11.95 63
P/S Multiple ¥4.60 ¥6.14 ¥7.67 58
P/B Multiple ¥7.17 ¥9.56 ¥11.95 55
EV/EBIT ¥12.07 ¥14.24 ¥16.40 53
EV/EBITDA ¥12.25 ¥14.48 ¥16.71 54
EV/Revenue ¥9.86 ¥11.70 ¥13.54 43
Asset-Based
NCAV (Graham) ¥5.02 ¥6.73 ¥10.04 50
Growth DCF
Growth DCF ¥25.75 ¥36.27 ¥51.67 80
Rev-Margin DCF ¥15.10 ¥18.75 ¥23.17 74
Economic Profit
Residual Income ¥7.83 ¥8.01 ¥7.94 76
ROIC Compounder ¥10.15 ¥11.43 ¥13.13 72
Growth Earnings
Growth-Adj P/E ¥6.31 ¥9.02 ¥11.72 68

Widest divergence: DCF Models (¥21.37) versus Earnings-Based (¥4.32). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 13.7B CNY
Revenue growth (YoY) +11.8%
Net margin 14.4%
Return on equity 6.2%
Free cash flow 5.6B CNY FY2025
P/E ratio 22.0
More key figures
Operating margin 18.6%
EPS (TTM) ¥0.6000
Dividend yield 5.0%
EPS growth (YoY) +35.7%
Net cash 6.7B CNY FY2024

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 52

Profitability 27
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 74
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Zhejiang Longsheng Group Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical products in China and internationally. It operates through Dyestuffs (Except for Dystar), Intermediates, Organic Chemicals, Property, Dystar, Autmobile Parts, and Others segments.

Full company description

Zhejiang Longsheng Group Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical products in China and internationally. It operates through Dyestuffs (Except for Dystar), Intermediates, Organic Chemicals, Property, Dystar, Autmobile Parts, and Others segments. The company offers textile chemicals, fine chemical intermediates, building material chemicals, inorganic chemicals, dyes, and additives. It is also involved in the production and sale of auto parts; and real estate development activities. The company exports its products. Zhejiang Longsheng Group Co.,Ltd. was founded in 1970 and is headquartered in Shaoxing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Longsheng Group reported revenue of ¥13.3B in FY2025 versus ¥16.7B in FY2021, a compound −5.5%/yr. Reported net income was ¥1.8B in FY2025, compounding −14.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.3B CNY
Latest YoY
−16.2%
Avg. growth/yr (3Y)
−14.4%
Avg. growth/yr (5Y)
−3.1%
Avg. growth/yr (25Y)
+13.0%
Revenue −5.5%/yr
FY21 ¥16.7B
FY22 ¥21.2B
FY23 ¥15.3B
FY24 ¥15.9B
FY25 ¥13.3B
Net income −14.2%/yr
FY21 ¥3.4B
FY22 ¥3.0B
FY23 ¥1.5B
FY24 ¥2.0B
FY25 ¥1.8B

600352 screens 13% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Zhejiang Longsheng Group Fair Value". https://www.fairvalue-calculator.com/stock/600352

Peer Group

Specialty Chemicals · 676 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Top 25%
Fair Value upside −13% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 22.0× · Cheaper than median
P/B 1.31× · Cheaper than median
P/S (TTM) 3.13× · Pricier than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 8.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 16 · sector 0
FUTURE 59 · sector 19
PAST 25 · sector 23
HEALTH 98 · sector 95
DIVIDEND 99 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Zhejiang Longsheng Group (600352) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥11.42 versus a price of ¥13.17, about −13% (overvalued).
What is the fair value of 600352?
Our model-based fair value for Zhejiang Longsheng Group is ¥11.42 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥13.17.
What is the quality score of 600352?
Zhejiang Longsheng Group has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Zhejiang Longsheng Group (600352)?
Zhejiang Longsheng Group reported trailing-twelve-month revenue of about 13.7B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600352?
The net profit margin of Zhejiang Longsheng Group is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Longsheng Group pay a dividend?
Zhejiang Longsheng Group currently shows a dividend yield of about 4.96% relative to its recent price (as of Aug 9, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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