Sanbian Sci Tech Co., Ltd. (002112.SZ)

Sanbian Sci Tech Co., Ltd. (002112.SZ) — VMCI valuation read

Headline read on 002112.SZ: VMCI of 56/100 versus a Technology sector median of 50. The 6-point above-median position is what makes Sanbian Sci Tech Co., Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 002112.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 002112.SZ: value (002112.SZ trades at 19.0x earnings, 6% above the Technology median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 0.5x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

002112.SZ fell 3.0% over the trailing 7 days, with a +5.2% read on a 30-day basis.