TacticScaleWhat Fujian Wanchen Food (万辰集团) Does & How It Makes Money (300972.SZ)
Updated October 2026 · reflects Fujian Wanchen Food's latest reported financials
Chinese grower and seller of enoki and other edible mushrooms. It makes money by cultivating mushrooms at scale and selling them wholesale to supermarket chains, restaurants, online food platforms and export customers.
How Fujian Wanchen Food makes money
It makes money by cultivating mushrooms at scale and selling them wholesale to supermarket chains, restaurants, online food platforms and export customers.
What Fujian Wanchen Food does
Fujian Wanchen Food Group is a Chinese edible-fungi company founded in 2011 and headquartered in Zhangpu, Fujian. It researches, cultivates, produces and sells mushrooms, with a line-up led by white and golden enoki and extending to crab, white jade, deer antler, seafood and oyster mushrooms. It also runs breeding and fruiting trials to develop new mushroom varieties. The company sells through supermarket chains, restaurants and online food platforms, and it also exports. Formerly Fujian Wanchen Biotechnology Group, it changed its name to Fujian Wanchen Food Group in January 2026. It sits in the consumer-defensive farm-products space, so demand for its everyday food staples tends to hold up relatively steadily.
Products & services
- White enoki mushrooms
- Golden enoki mushrooms
- Crab (shimeji) mushrooms
- White jade mushrooms
- Deer antler mushrooms
- Seafood and oyster mushrooms
万辰集团是做什么的？
福建万辰食品集团股份有限公司成立于2011年，总部位于福建漳浦，从事食用菌的研发、种植、生产和销售。主要产品为白色和金黄色金针菇，另有蟹味菇、白玉菇、鹿茸菇、海鲜菇、平菇等，并开展菌种选育和出菇试验以培育新品种。 公司产品通过连锁超市、餐饮客户和线上食品平台销售，并出口海外。公司原名福建万辰生物科技集团股份有限公司，于2026年1月更名为现名。
What is Fujian Wanchen Food worth?
On an owner-earnings DCF, Fujian Wanchen Food's most-likely value is about ¥546 versus a recent price near ¥163 (70% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥164) 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.
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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