Fujian Longking Co (600388) Fair Value & Analysis
Industrials · CN · Market cap 22.3B CNY
Fair value as of: Aug 9, 2026
From 26 valuation models · updated yesterday
Share price +8.8% over the past month.
Below-average quality, and screening another 25% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥17.04). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥7.32 to ¥17.04) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 ¥7.60 – ¥20.75 · fair‑value band ¥7.32 – ¥17.04 · the ¥17.58 price screens above the ¥13.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Fujian Longking Co (600388) currently trades at ¥17.58, while our model-based Fair Value estimate is ¥13.25, implying the stock looks roughly 24.6% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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, Fujian Longking Co generated revenue of 12.3B CNY at a net margin of 9.5%. Revenue grew 20.8% year over year. It earns a return on equity of 10.7%. Net debt stands at 2.9B CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥7.32 (bear case) to ¥17.04 (bull case); at ¥17.58, the current price sits above 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 17% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -25%, 600388 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.
All 26 models by family
Widest divergence: Growth Earnings (¥16.71) versus Dividend Discount (¥4.51). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 61
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
Fujian Longking Co., Ltd. manufactures and sells environmental protection equipment worldwide. It operates through two segments: Environmental Protection and New Energy Segment.
Full company description
Fujian Longking Co., Ltd. manufactures and sells environmental protection equipment worldwide. It operates through two segments: Environmental Protection and New Energy Segment. The company offers products and solutions for environmental protection; air pollution control; water pollution control; solid waste treatment; waste incineration power; and generation and hazardous waste disposal, as well as soil pollution control and remediation services; power generation, power transmission, power supply, and battery sales; and manufacturing of mining machinery and equipment. It also engages in the property management; consulting; trading; testing; industrial investment; technical; waste incineration; household waste disposal; comprehensive water utilization; hazardous waste and solid waste treatment; water treatment; technology promotion and application; ecological protection and environmental governance; electricity and heat production and supply; energy storage technology; electrical machinery and equipment manufacturing; battery manufacturing and sales; specialized equipment research and development, manufacturing, and sales; construction and maintenance of hydropower stations; and electricity production, transmission, distribution, and sales business. The company exports its products to Russia, Kazakhstan, Indonesia, and other countries. Fujian Longking Co., Ltd. was founded in 1971 and is based in Longyan, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fujian Longking Co reported revenue of ¥11.8B in FY2025 versus ¥11.3B in FY2021, a compound +1.2%/yr. Reported net income was ¥1.1B in FY2025, compounding +6.6%/yr from FY2021.
600388 screens 25% overvalued. Compare with Veralto Corporation →
Peer Group
Pollution & Treatment Controls · 91 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.
Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Veralto Corporation VLTO | $94.21 | $69.11 | -27% |
| Zurn Elkay Water Solutions Corporation ZWS | $47.63 | $24.92 | -48% |
| Canmax Technologies Co 300390 | ¥57.02 | ¥10.41 | -82% |
| CECO Environmental Corp CECO | $83.63 | $15.19 | -82% |
| Munters Group MTRS | kr 166.60 | kr 16.90 | -90% |
| China Conch Venture Holdings 0586 | HK$8.83 | HK$14.14 | +60% |
| Mega Union Technology Inc 6944 | 1,005 TWD | 539.58 TWD | -46% |
| MayAir Technology (China) Co 688376 | ¥96.57 | ¥18.80 | -81% |
| Shanghai Emperor of Cleaning Hi-Tech Co 603200 | ¥38.97 | ¥5.73 | -85% |
| Zhongyuan Environmental Protection Co 000544 | ¥7.30 | ¥15.46 | +112% |
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Frequently asked questions
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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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