Grand Industrial Holding Co., Ltd. (000626.SZ)

Grand Industrial Holding Co., Ltd. (000626.SZ) — VMCI valuation read

Headline read on 000626.SZ: VMCI of 55/100 versus a Basic Materials sector median of 50. The 5-point above-median position is what makes Grand Industrial Holding Co., Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 000626.SZ: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on 000626.SZ: value (000626.SZ trades at 23.0x earnings, 28% above the Basic Materials median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of -1.4x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

000626.SZ rose 0.8% over the trailing 7 days, with a -11.6% read on a 30-day basis.