TacticScaleWhat Chongqing Fuling Zhacai (涪陵榨菜) Does & How It Makes Money (002507.SZ)
Updated October 2026 · reflects Chongqing Fuling Zhacai's latest reported financials
Chinese maker of pickled mustard tuber (zhacai) and convenience condiments. It makes money by producing packaged pickled vegetables, sauces and appetizers and selling them under its own Wujiang and Kaiweishuo brands, mainly to consumers in China, with some export sales.
How Chongqing Fuling Zhacai makes money
It makes money by producing packaged pickled vegetables, sauces and appetizers and selling them under its own Wujiang and Kaiweishuo brands, mainly to consumers in China, with some export sales.
What Chongqing Fuling Zhacai does
Chongqing Fuling Zhacai Group is a Chinese packaged-food company built around zhacai, the pickled mustard tuber that Fuling in Chongqing is known for. Founded in 1988 and based in Chongqing, it researches, produces and sells convenience foods: pickled mustard tuber and its sauce, rice-accompanying dishes, kimchi, seasoned vegetables, kelp shreds and various appetizers. It has also expanded into condiments and seasonings such as chili sauce, sesame sauce, minced garlic and ginger, and mustard soy sauce. Products are sold under the Wujiang and Kaiweishuo brands, mostly in China, with some exports. As a maker of low-cost everyday food, it sits in the consumer defensive sector.
Products & services
- Wujiang pickled mustard tuber (zhacai)
- Pickled mustard tuber sauce
- Kaiweishuo appetizers
- Kimchi
- Chili sauce and sesame sauce
- Seasoned kelp shreds
涪陵榨菜是做什么的？
涪陵榨菜集团是一家以榨菜为核心的中国包装食品企业，1988年成立，总部位于重庆。公司研发、生产和销售方便佐餐食品，包括榨菜、榨菜酱、下饭菜、泡菜、海带丝、调味菜和各类开味小菜。 公司还做辣椒酱、芝麻酱、蒜蓉姜末、芥末酱油等调味品，主要品牌为“乌江”和“开味说”。产品以国内市场为主，也有部分出口，属于日常必需消费品行业。
What is Chongqing Fuling Zhacai worth?
On an owner-earnings DCF, Chongqing Fuling Zhacai's most-likely value is about ¥5 versus a recent price near ¥11 (134% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥3) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ Capital-intensive — this business reinvests heavily, so free cash flow runs well below its earnings. Fair value here is built on free cash flow, which understates owner earnings for reinvestment-heavy companies — read it as conservative.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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