Bosun Co., Ltd. (002282.SZ)

Bosun Co., Ltd. (002282.SZ) — VMCI valuation read

Headline read on 002282.SZ: VMCI of 61/100 versus a Industrials sector median of 50. The 11-point above-median position is what makes Bosun Co., Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 002282.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 002282.SZ: value (002282.SZ trades at 27.0x earnings, 50% above the Industrials median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Industrials median (10.0%)), and risk (net debt to EBITDA of 3.2x is the binding constraint on the bear case). The value read also implies an EV/EBITDA gap of +4.0x against the Industrials 12.0x baseline.

002282.SZ fell 0.2% over the trailing 7 days, with a -2.6% read on a 30-day basis.