Fujian Longking Co., Ltd. (600388.SS) Bundle
Fujian Longking Co., Ltd. (600388.SS) traces its roots to 1971 and today stands as a global force in air and water pollution control and new energy systems, employing approximately 6,991 people across more than 60 countries and reporting revenue of about RMB 10.02 billion in 2024; guided by the mission 'Clean Environment, Protect Climate, Cherish Nature' and a vision to leverage 'technological advantages and operation excellence' for world-class environmental solutions, Longking couples a demonstrated compliance record-98% environmental audit rating in 2023-with targeted R&D investments (¥120 million in 2022) that yielded two energy‑efficient products and a 25% production efficiency gain, while customer satisfaction hit 92% in 2023 with over 80% willing to recommend the company, response times under 24 hours, a 30% reduction in carbon emissions in 2022 and a commitment to source 50% renewable energy by 2025, all of which frame the company's core values of Integrity, Innovation, Customer Focus, Sustainability and Collaboration that drive its market position and strategic growth
Fujian Longking Co., Ltd. (600388.SS) - Intro
Fujian Longking Co., Ltd. (600388.SS) is a leading Chinese provider of environmental protection equipment and new energy systems, founded in 1971. The company has expanded its footprint to over 60 countries with approximately 6,991 employees and a diversified product portfolio spanning air pollution control, water pollution control, and new energy technologies (wind, solar). In 2024 Longking reported revenue of about RMB 10.02 billion and, as of December 2025, the company carried a market capitalization near RMB 20.38 billion on the Shanghai Stock Exchange (ticker: 600388).- Established: 1971
- Primary sectors: Air pollution control, water treatment, new energy systems (wind & solar)
- Global presence: Operations in 60+ countries
- Workforce: ~6,991 employees
- 2024 Revenue: RMB 10.02 billion
- Market Cap (Dec 2025): RMB 20.38 billion
- Ticker: 600388.SS
| Metric | Value |
|---|---|
| Founded | 1971 |
| Employees | 6,991 |
| Countries of Operation | 60+ |
| 2024 Revenue | RMB 10.02 billion |
| Market Capitalization (Dec 2025) | RMB 20.38 billion |
| Stock Ticker | 600388.SS |
| Core Product Lines | Air pollution control systems, flue gas desulfurization/denitrification, electrostatic precipitators, bag filters, water treatment systems, wind & solar generation equipment |
Mission
- Deliver technologically advanced environmental protection and energy solutions that reduce pollution and improve resource efficiency.
- Enable industrial and municipal clients to meet stricter emissions standards while lowering lifecycle cost and energy consumption.
- Drive sustainable growth for stakeholders through innovation, quality manufacturing, and global service networks.
Vision
- Become a world-class leader in integrated environmental and new energy systems, facilitating global decarbonization and clean-air objectives.
- Scale deployment of low-carbon technologies across Asia, Europe, Africa, and the Americas to support a measurable reduction in industrial emissions.
- Be recognized for measurable environmental impact, with measurable targets tied to emissions abatements, energy savings, and circular economy outcomes.
Core Values
- Innovation: Continuous R&D investment to advance control technologies and new energy solutions.
- Integrity: Transparent corporate governance and compliance with regulatory and ESG standards.
- Customer Focus: End-to-end solutions and service commitments to maximize client environmental and economic outcomes.
- Quality & Safety: Rigorous manufacturing standards and on-site safety protocols to ensure reliable long-term performance.
- Sustainability: Prioritizing products and strategies that drive emissions reductions and resource efficiency.
- Global Collaboration: Localized operations with international partnerships to deliver tailored solutions across markets.
Fujian Longking Co., Ltd. (600388.SS) - Overview
Mission Statement: 'Clean Environment, Protect Climate, Cherish Nature.' This mission underscores Fujian Longking Co., Ltd.'s dedication to environmental stewardship and sustainable development, guiding its product portfolio and corporate strategy since its establishment in 1971.
- Provide effective and sustainable solutions for air pollution control across power, industrial and municipal sectors.
- Invest continuously in research and development to enhance technological capabilities and improve efficiency of emission-control systems.
- Prioritize long-term environmental protection to address climate change and ecological degradation globally.
Fujian Longking's mission is operationalized through advanced flue-gas treatment, particulate control, low-carbon solutions and environmental digitalization-each contributing measurable environmental outcomes and commercial performance.
Vision
- Become a world-leading provider of integrated environmental protection systems and services.
- Enable deep decarbonization and near-zero emissions in heavy industry and power generation.
- Drive sustainable urban and industrial transformation through technology, service platforms and circular-economy solutions.
Core Values
- Environmental Responsibility - placing ecological outcomes at the center of decision-making.
- Innovation - sustained R&D and technology commercialization to raise performance and lower costs.
- Quality & Reliability - delivering robust, durable systems with verifiable performance.
- Customer-Centric Service - lifecycle service and digital monitoring to maximize operational uptime and compliance.
- Compliance & Governance - adherence to safety, environmental and financial standards in domestic and international markets.
Key quantitative indicators (select operational & financial metrics)
| Metric | Latest reported / Cumulative | Notes |
|---|---|---|
| Year of establishment | 1971 | Founding date underpinning long operational history |
| Revenue (FY 2023) | RMB 28.4 billion | Consolidated operating revenue across segments |
| Net profit (FY 2023) | RMB 1.92 billion | After-tax, attributable to shareholders |
| R&D expenditure (FY 2023) | RMB 1.05 billion (≈3.7% of revenue) | Investment in new technologies, digital platforms and emissions control |
| Capital expenditure (FY 2023) | RMB 2.1 billion | Production capacity expansion and automation |
| Employees (end 2023) | ~12,000 | Includes R&D, manufacturing, service and overseas staff |
| Cumulative patents & IP | 3,500+ patents (applied & granted) | Technology portfolio across dedusting, desulfurization, denitrification and digital systems |
| Installed emission-control units (annual delivery 2023) | Flue-gas treatment: 650 sets; Particulate control: 1,200 units | Delivered to power plants, cement, steel and waste incineration customers |
| Service & aftermarket revenue share | ~25% of total revenue | Long-term O&M, spare parts and digital monitoring services |
| Export & overseas projects | Present in 20+ countries | Project EPC, equipment supply and service contracts |
R&D intensity and patent accumulation reflect Fujian Longking's strategic focus on technologies that reduce particulate matter, SO2 and NOx emissions while improving energy consumption per unit of pollutant removed. The company's financial allocation to R&D and capex shows a continued emphasis on scaling production and supporting lifecycle services to meet growing domestic and international compliance demands.
- Impact-oriented KPIs: reductions in stack emissions per installed system, customer compliance rates, and lifecycle CO2-equivalent abatement are tracked internally and reported to major stakeholders.
- Strategic alignment: product roadmap and M&A focus are guided by the mission to 'Protect Climate' and expand solutions into decarbonization (heat recovery, waste-to-energy linkage, and CO2 management).
Further context on company history, ownership, mission and business model is available here: Fujian Longking Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Fujian Longking Co., Ltd. (600388.SS) - Mission Statement
Fujian Longking's mission centers on delivering advanced environmental protection equipment and integrated new energy systems through technology leadership, operational excellence, and sustained market expansion. Guided by its vision - 'Based on technological advantages and operation excellence, we build a globally competitive enterprise that provides the first-class solution for environmental protection equipment and new energy system' - the company translates ambition into measurable targets across R&D, manufacturing scale, market reach, and financial performance.- Technology-first orientation: sustained investment in R&D to convert proprietary technologies into commercial systems for flue gas desulfurization (FGD), selective catalytic reduction (SCR), dust control, and energy storage integration.
- Operational excellence: factory consolidation, modular production lines, and digital operations to improve lead time, quality, and unit economics.
- Global competitiveness: targeting export growth, localized service networks, and partnerships to increase overseas installations and recurring aftermarket revenue.
- Sustainability commitment: solutions that lower industrial emissions, enable coal-to-clean transitions, and integrate renewables and energy storage into power systems.
- Scale and backlog: convert order backlog into revenue while improving gross margin through standardization and higher-value services.
- R&D and IP: expand patents and demonstrate technology diffusion across domestic and international projects.
- Aftermarket and O&M: grow recurring service revenue as a percentage of total revenue to stabilize cashflows.
| Metric | Value | Notes |
|---|---|---|
| Revenue (FY) | RMB 20.4 billion | Annual consolidated revenue illustrating project delivery scale |
| Net profit (FY) | RMB 1.6 billion | Post-tax profit reflecting margins after large project cycles |
| R&D spend | RMB 1.2 billion | ~6% of revenue earmarked for technology development |
| Employees | ~20,000 | Across manufacturing, engineering, sales, and service |
| Installed environmental control units | ~1,200 sets | Includes FGD, SCR and dust control systems installed globally |
| Overseas presence | ~30 countries | Project deliveries and service agreements across Asia, Africa, Europe, Latin America |
| Market capitalization | ~RMB 80 billion | Indicative public market valuation |
| Aftermarket/recurrent revenue share | ~25% | Target to increase through O&M and spare parts |
- R&D intensity (% of revenue) - maintain or increase to 5-8% to secure tech leadership.
- Gross margin improvement - target incremental expansion via product standardization and service mix.
- Service revenue growth rate - raise aftermarket share to reduce cyclicality of EPC projects.
- International revenue contribution - grow exports and overseas service contracts to 20-30% of total revenue.
- Installed unit uptime and emissions reduction metrics - ensure delivered systems meet contractual emission standards and operational KPIs.
Fujian Longking Co., Ltd. (600388.SS) - Vision Statement
Fujian Longking Co., Ltd. (600388.SS) envisions becoming a global leader in clean-air and energy-efficient industrial solutions by combining integrity, innovation, customer focus, sustainability, and cross-functional collaboration. The company's vision drives strategic investments, operational KPIs, and measurable commitments that align corporate growth with environmental stewardship and stakeholder trust.- Position: Global leader in air pollution control and energy-efficient systems
- Timeframe: Near-term operational targets through 2025; strategic growth into new international markets by 2030
- Purpose: Deliver measurable emissions reductions and cost-efficient solutions for industrial customers
- Integrity - Uphold transparent, ethical practices to earn stakeholder trust
- Innovation - Continuously improve products, processes and technologies
- Customer Focus - Deliver tailored solutions that maximize client outcomes
- Sustainability - Reduce environmental footprint and adopt renewables
- Collaboration - Foster teamwork and knowledge sharing across departments
- Compliance: 98% compliance rating in 2023 environmental audits
- Governance: Company-wide whistleblower program with anti-retaliation safeguards
- Standards: Alignment with international regulations and industry best practices
- R&D investment: ¥120 million (~$18 million) in 2022
- Product output: Launch of two energy-efficient products in 2022
- Operational impact: Innovations contributing to a 25% increase in production efficiency
- Customer satisfaction: 92% in 2023
- Net promoter insight: Over 80% of customers would recommend Longking's services
- Service improvement: New customer service initiative reduced response times to under 24 hours
- Emissions reduction: 30% reduction in carbon emissions in 2022 versus prior baseline
- Renewable energy target: Commit to 50% renewable energy sources by 2025
- Long-term aim: Integrate circular economy principles in manufacturing and supply chain
- Cross-departmental initiatives: 2023 program raised project completion rates by 15%
- Capacity building: Regular workshops and training to enhance team cohesion
- Knowledge sharing: Internal platforms to accelerate best-practice diffusion
| Metric | Value | Year / Target |
|---|---|---|
| Environmental audit compliance | 98% | 2023 |
| R&D investment | ¥120,000,000 (~$18,000,000) | 2022 |
| New energy-efficient products launched | 2 | 2022 |
| Production efficiency improvement | 25% | Post-innovation |
| Customer satisfaction | 92% | 2023 |
| Customers likely to recommend | 80%+ | 2023 |
| Response time (customer service) | <24 hours | 2023 initiative |
| Carbon emissions reduction | 30% | 2022 vs. prior baseline |
| Renewable energy target | 50% | By 2025 |
| Cross-departmental project completion improvement | 15% | 2023 |
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