TacticScaleWhat Shenzhen Leaguer (力合科创) Does & How It Makes Money (002243.SZ)
Updated October 2026 · reflects Shenzhen Leaguer's latest reported financials
Chinese maker of plastic packaging for cosmetics, personal care and food. It earns most of its revenue by designing and manufacturing plastic packaging for brand owners.
How Shenzhen Leaguer makes money
It earns most of its revenue by designing and manufacturing plastic packaging for brand owners. It also sells molds, equipment and materials, and charges for filling, labeling, logistics, recycling, science-park operation and incubation services.
What Shenzhen Leaguer does
Shenzhen Leaguer Co., Ltd. was founded in 1995 and is based in Shenzhen. It designs and manufactures plastic packaging for cosmetics, daily necessities, health products and food, serving customers in China and internationally. Its operations reach upstream into precision molds, process equipment and modified polymer materials. It also offers downstream services: cosmetics filling and mixing, information labels, logistics and distribution, and recycling of plastic packaging waste. Beyond packaging, the company makes lightweight automotive solutions, researches and produces new materials, and runs base-platform, science and technology innovation operation, and investment incubation services. It was formerly called Shenzhen Beauty Star Co., Ltd. and took its current name in January 2021.
Products & services
- Plastic cosmetic and personal-care packaging
- Food and health-product packaging
- Precision molds and process equipment
- Modified polymer materials
- Cosmetics filling and mixing services
- Lightweight automotive parts
力合科创是做什么的？
通产丽星成立于1995年，总部在深圳，主要为化妆品、日用品、保健品和食品设计、生产塑料包装，客户覆盖国内外。公司往上游做精密模具、工艺设备和高分子改性材料，往下游提供化妆品灌装与混配、信息标签、物流配送和塑料包装废弃物回收等服务。 公司还涉足汽车轻量化方案、新材料研发与生产，并提供基地平台、科技创新运营和投资孵化服务。公司原名深圳市通产丽星股份有限公司，2021年1月更名为深圳市力合科创股份有限公司（英文名Shenzhen Leaguer Co., Ltd.）。
What is Shenzhen Leaguer worth?
On an owner-earnings DCF, Shenzhen Leaguer's most-likely value is about ¥8 versus a recent price near ¥7 (6% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥5) 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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