FULONGMA Group Co.,Ltd.
603686.SS
Shanghai Stock Exchange12.55
CNY
-0.51
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FULONGMA Group Co.,Ltd.
603686.SS
(Shanghai Stock Exchange)
Recent
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12.55
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ROIC.AI
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- Business
- FULONGMA Group Co., Ltd. (603686.SS) manufactures and sells environmental sanitation equipment and provides related services under the FULONGMA brand, focusing on urban and rural sanitation solutions including equipment production; sanitation operations; waste management; and integrated public services such as road cleaning, garbage collection and transportation, public toilet management, property management, and smart sanitation systems. The company offers core products across three main systems: environmental cleaning equipment comprising sweeping and washing trucks, vacuum cleaners, high-pressure cleaning trucks, multi-functional dust suppression trucks, and street sweepers; garbage collection and transportation equipment including compressed garbage trucks, detachable container garbage trucks, wet waste collection trucks, kitchen garbage trucks, and garbage transfer series; and new energy sanitation equipment such as electric vehicle power series and EV sanitation vehicles. Additional offerings encompass waste disposal equipment, sewage jetting trucks, road maintenance trucks, environmental monitoring vehicles, wall cleaning vehicles, liquid-waste infiltration treatment systems, organic waste treatment equipment, and ACET aerobic catabolism enhancement technology. Founded in 2002 and headquartered in Longyan, Fujian Province, China, at No. 5 Beihuan Road, Yongding District, the company operates primarily in China with exports to over 20 countries including Central America, the Middle East, Southeast Asia, Africa, Mexico, Peru, Myanmar, Russia, Malaysia, Hong Kong, United Arab Emirates, and others. It serves municipal governments, urban management bureaus, environmental sanitation companies, and waste disposal industries through segments in sanitation cleaning equipment, garbage collection and transfer equipment, and environmental sanitation industry services. FULONGMA maintains research facilities including a post-doctoral station and provincial environmental engineering research center, supporting over 300 product types and cross-regional operations like China's largest sanitation integration PPP and outsourced service projects. In recent developments, the company changed its name from Fujian Longma Environmental Sanitation Equipment Co., Ltd. to FULONGMA Group Co., Ltd. in December 2021, reflecting its expanded scope beyond equipment to integrated solutions. In April 2024, FULONGMA agreed to acquire an additional 20% stake in Fulongma Environmental Technology (Suzhou) Co., Ltd. to strengthen its portfolio. Throughout 2024 and into 2025, it secured numerous bids including 52 environmental sanitation service projects worth RMB 768 million annually, five major sanitation projects across Jiangxi, Liaoning, Jiangsu, Guangdong, and Tianjin, and specific equipment procurements such as electric vehicles in Chaoyang District (RMB 26.9 million), cleaning sweepers in Zhuji (RMB 10.3 million), and natural gas trucks in Shanxi Taiyuan (RMB 42.3 million). The company continues to expand its new energy and intelligent equipment offerings, winning bids for modular sewage treatment systems and urban-rural integration projects while enhancing smart sanitation systems for efficient management.