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Chinese environmental-protection equipment maker (desulfurization, dust removal) for power plants, now controlled by Zijin Mining.
Chinese environmental-protection equipment maker (desulfurization, dust removal) for power plants, now controlled by Zijin Mining.
Sells emission-control systems as large projects built for power plants, steel and cement works, with revenue recognised as installation progresses, and gets repeat business from retrofits and service at plants it equipped. Control passed to Zijin Mining, giving it a route into mining-sector environmental work.
Moat: narrow (installed base, customer qualification). Long-standing installed base at Chinese power plants supports retrofit and service contracts.
Headquarters: Fuzhou, China · Founded: 1994 · Employees: 6,808
Size Zijin Longking (600388.SS) is a China Industrials company (Industrial Machinery) with a market value of $3.70B, the 698th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.47 on 6 Nov 2026.
Performance Over six months the shares fell 6.2%, against -16.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 13.2% over the last twelve months (peer median +7.8%); the operating margin is 11.3% (peer median 7.7%).
Valuation It trades at 17.4× forward earnings against a peer median of 31.2× (8th cheapest of 20).
Capital Return on invested capital runs 2.0 points above its cost of capital (6.9% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.7B | CN¥11.8B | CN¥9.98B | CN¥10.9B | CN¥11.8B |
| Revenue growth | — | +19% | -9% | -8% | — |
| Gross profit | CN¥3.69B | CN¥2.84B | CN¥2.36B | CN¥2.48B | CN¥2.65B |
| EBITDA | n/a | CN¥1.87B | CN¥1.44B | CN¥1.48B | CN¥1.35B |
| Net income | CN¥1.27B | CN¥1.11B | CN¥830M | CN¥509M | CN¥805M |
| Free cash flow | -CN¥553M | CN¥508M | -CN¥7.12M | -CN¥566M | CN¥233M |
| Capital expenditure | CN¥1.93B | CN¥1.14B | CN¥2.22B | CN¥2.30B | CN¥645M |
| Total debt | CN¥4.07B | CN¥5.28B | CN¥4.63B | CN¥5.33B | CN¥5.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Zijin Longking 600388.SS | $3.70B | -6% | +13% | 11% | 17.4× | n/a |
| China Everbright Environment 0257.HK | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% |
| CECEP Environmental Protection 300140.SZ | $2.51B | -18% | -2% | 23% | n/a | -1.2% |
| Zhejiang Feida Environmental Science & Technology 600526.SS | $596M | -18% | +3% | 7% | n/a | -5.3% |
| CECO Environmental CECO | $2.56B | -47% | +38% | 6% | 16.5× | n/a |
| Babcock & Wilcox Enterprises BW | $484M | -78% | +40% | 4% | 12.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600388.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.0% | +1.9% | 9th highest of 21 |
| 6-month return | -6.2% | -16.8% | 3rd highest of 21 |
| Distance from 52-week high | -17.2% | -34.4% | highest of 21 |
| Revenue growth (TTM) | +13.2% | +7.8% | 7th highest of 21 |
| Operating margin | 11.3% | 7.7% | 8th highest of 21 |
| Forward P/E | 17.4× | 31.2× | 8th cheapest of 20 |
| ROIC minus cost of capital | +2.0 pp | -1.9 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zijin Longking 600388.SS | China | $3.70B | -6% | +13% | 11% | 17.4× | n/a | n/a |
| Estun Automation 002747.SZ | China | $3.65B | +30% | +8% | 4% | 104.6× | 48.2% | +14.3% |
| Mueller Water Products MWA | United States | $3.75B | -9% | +6% | 21% | 15.3× | 2.4% | +5.8% |
| Sumitomo Heavy Industries 6302.T | Japan | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% | +4.3% |
| Haitian International 1882.HK | Hong Kong | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% | +7.7% |
| Ningbo Zhenyu Technology 300953.SZ | China | $3.77B | -35% | +58% | 6% | 21.2× | n/a | n/a |
| Kunshan Kinglai Hygienic Materials 300260.SZ | China | $3.61B | -12% | +11% | 8% | 73.2× | n/a | n/a |
| Danieli & C. Officine Meccaniche DAN.MI | Italy | $3.60B | -24% | -8% | -6% | 13.5× | n/a | n/a |
| Aixtron AIXA.DE | Germany | $3.84B | -45% | -9% | 16% | 42.6× | 5.7% | +15.6% |
| Voltas VOLTAS.NS | India | $3.84B | -19% | +4% | 4% | 50.1× | n/a | n/a |
| THK 6481.T | Japan | $3.52B | -16% | +8% | 7% | 10.6× | 24.8% | +1.9% |
| Anhui Yingliu Electromechanical 603308.SS | China | $3.50B | -58% | +38% | 13% | 42.0× | n/a | n/a |
| Avic Aviation High-Technology 600862.SS | China | $3.92B | -6% | -3% | 22% | 31.2× | 6.0% | +11.4% |
| Krones KRN.DE | Germany | $3.94B | -7% | +3% | 7% | 11.2× | -1.8% | +11.3% |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Shenzhen Zhaowei Machinery & Electronics 003021.SZ | China | $3.45B | +6% | 0% | 9% | 124.4× | 46.0% | +7.5% |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Amada 6113.T | Japan | $4.10B | -20% | +18% | 10% | 15.9× | 8.7% | +11.8% |