Jiangsu Huaxicun Co.,Ltd. (000936.SZ)

Jiangsu Huaxicun Co.,Ltd. (000936.SZ) — VMCI valuation read

Headline read on 000936.SZ: VMCI of 50/100 versus a Basic Materials sector median of 50. The 0-point below-median position is what makes Jiangsu Huaxicun Co.,Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 000936.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 000936.SZ: value (000936.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 0.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

000936.SZ rose 0.2% over the trailing 7 days, with a -0.2% read on a 30-day basis.