TacticScaleWhat Zhejiang Longsheng (浙江龙盛) Does & How It Makes Money (600352.SS)
Updated October 2026 · reflects Zhejiang Longsheng's latest reported financials
Chinese dye and specialty chemicals maker, owner of DyStar. Most of its revenue comes from making and selling dyes, textile chemicals and intermediates to manufacturers in China and abroad, partly through its DyStar unit.
How Zhejiang Longsheng makes money
Most of its revenue comes from making and selling dyes, textile chemicals and intermediates to manufacturers in China and abroad, partly through its DyStar unit. Real estate development and auto parts sales add more income.
What Zhejiang Longsheng does
Zhejiang Longsheng Group, founded in 1970 and based in Shaoxing, China, is a chemical manufacturer centered on dyestuffs. Its main products are dyes, textile chemicals, additives, and fine chemical intermediates. It also makes building material chemicals and inorganic chemicals. DyStar, reported as its own segment, gives the group a global dye brand next to its domestic dye business, and the company exports its products. Outside chemicals, Longsheng has a property development segment and an automobile parts segment. This makes the group a chemicals-led conglomerate, not a pure-play specialty chemicals company.
Products & services
- Dyes
- DyStar dyes and textile chemicals
- Fine chemical intermediates
- Textile chemicals and additives
- Building material chemicals
- Auto parts
浙江龙盛是做什么的？
浙江龙盛集团创立于1970年，总部位于浙江绍兴，是一家以染料为核心的化工企业。主要产品包括染料、纺织化学品、助剂和精细化工中间体，也生产建筑材料化学品和无机化学品。德司达（DyStar）单独作为一个业务板块，使集团除国内染料业务外还拥有全球化的染料品牌，产品也出口海外。 化工以外，公司还有房地产开发和汽车零部件业务，整体是一家以化工为主、多元经营的企业集团。
What is Zhejiang Longsheng worth?
On an owner-earnings DCF, Zhejiang Longsheng's most-likely value is about ¥13 versus a recent price near ¥12 (12% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥8) 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 →
Related companies
Jiangsu Eastern Shenghong (000301.SZ) · Transfar Zhilian (002010.SZ) · Luxi Chemical (000830.SZ) · Wuxi Longsheng Technology (300680.SZ)