Shanxi Coking Coal Energy Group Co.,Ltd. (000983.SZ)

Shanxi Coking Coal Energy Group Co.,Ltd. (000983.SZ) — VMCI valuation read

Headline read on 000983.SZ: VMCI of 50/100 versus a Energy sector median of 50. The 0-point below-median position is what makes Shanxi Coking Coal Energy Group Co.,Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 000983.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 000983.SZ: value (000983.SZ trades at 19.0x earnings, 6% above the Energy median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Energy median (10.0%)), and risk (net debt to EBITDA of 3.4x is the binding constraint on the bear case). The value read also implies an EV/EBITDA gap of +4.0x against the Energy 12.0x baseline.

000983.SZ fell 1.1% over the trailing 7 days, with a -19.9% read on a 30-day basis.