Fujian Longking Co., Ltd.

SHSE:600388 Stock Report

Market Cap: CN¥15.4b

Fujian Longking Balance Sheet Health

Financial Health criteria checks 4/6

Fujian Longking has a total shareholder equity of CN¥8.3B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are CN¥26.7B and CN¥18.4B respectively. Fujian Longking's EBIT is CN¥927.6M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥2.6B.

Key information

73.7%

Debt to equity ratio

CN¥6.13b

Debt

Interest coverage ratio16.2x
CashCN¥2.65b
EquityCN¥8.31b
Total liabilitiesCN¥18.41b
Total assetsCN¥26.72b

Recent financial health updates

Does Fujian Longking (SHSE:600388) Have A Healthy Balance Sheet?

Sep 30
Does Fujian Longking (SHSE:600388) Have A Healthy Balance Sheet?

These 4 Measures Indicate That Fujian Longking (SHSE:600388) Is Using Debt Extensively

Jun 18
These 4 Measures Indicate That Fujian Longking (SHSE:600388) Is Using Debt Extensively

Recent updates

Take Care Before Diving Into The Deep End On Fujian Longking Co., Ltd. (SHSE:600388)

Nov 25
Take Care Before Diving Into The Deep End On Fujian Longking Co., Ltd. (SHSE:600388)

Returns On Capital At Fujian Longking (SHSE:600388) Paint A Concerning Picture

Oct 17
Returns On Capital At Fujian Longking (SHSE:600388) Paint A Concerning Picture

Does Fujian Longking (SHSE:600388) Have A Healthy Balance Sheet?

Sep 30
Does Fujian Longking (SHSE:600388) Have A Healthy Balance Sheet?

Fujian Longking Co., Ltd. (SHSE:600388) Could Be Riskier Than It Looks

Aug 01
Fujian Longking Co., Ltd. (SHSE:600388) Could Be Riskier Than It Looks

These 4 Measures Indicate That Fujian Longking (SHSE:600388) Is Using Debt Extensively

Jun 18
These 4 Measures Indicate That Fujian Longking (SHSE:600388) Is Using Debt Extensively

Fujian Longking's (SHSE:600388) Dividend Will Be Increased To CN¥0.20

May 28
Fujian Longking's (SHSE:600388) Dividend Will Be Increased To CN¥0.20

Investors Can Find Comfort In Fujian Longking's (SHSE:600388) Earnings Quality

Apr 26
Investors Can Find Comfort In Fujian Longking's (SHSE:600388) Earnings Quality

Does This Valuation Of Fujian Longking Co., Ltd. (SHSE:600388) Imply Investors Are Overpaying?

Apr 12
Does This Valuation Of Fujian Longking Co., Ltd. (SHSE:600388) Imply Investors Are Overpaying?

Need To Know: Analysts Just Made A Substantial Cut To Their Fujian Longking Co., Ltd. (SHSE:600388) Estimates

Mar 27
Need To Know: Analysts Just Made A Substantial Cut To Their Fujian Longking Co., Ltd. (SHSE:600388) Estimates

Fujian Longking Co., Ltd. Just Missed EPS By 50%: Here's What Analysts Think Will Happen Next

Mar 25
Fujian Longking Co., Ltd. Just Missed EPS By 50%: Here's What Analysts Think Will Happen Next

Fujian Longking Co., Ltd. (SHSE:600388) Could Be Riskier Than It Looks

Feb 29
Fujian Longking Co., Ltd. (SHSE:600388) Could Be Riskier Than It Looks

Financial Position Analysis

Short Term Liabilities: 600388's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥13.2B).

Long Term Liabilities: 600388's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥5.2B).

Debt to Equity History and Analysis

Debt Level: 600388's net debt to equity ratio (41.9%) is considered high.

Reducing Debt: 600388's debt to equity ratio has increased from 68.8% to 73.7% over the past 5 years.

Debt Coverage: 600388's debt is well covered by operating cash flow (37.4%).

Interest Coverage: 600388's interest payments on its debt are well covered by EBIT (16.2x coverage).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 00:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fujian Longking Co., Ltd. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ke XuChangjiang Securities Co. LTD.
Yigong TaoChina Galaxy Securities Co., Ltd.
Xinhao JiangChina International Capital Corporation Limited