Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ)

Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) — VMCI valuation read

Headline read on 002426.SZ: VMCI of 35/100 versus a Industrials sector median of 50. The 15-point below-median position is what makes Suzhou Victory Precision Manufacture Co., Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 002426.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 002426.SZ: value (002426.SZ trades at 27.0x earnings, 50% above the Industrials median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Industrials median (10.0%)), and risk (net debt to EBITDA of 2.8x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Industrials 12.0x baseline.

002426.SZ fell 1.4% over the trailing 7 days, with a -5.6% read on a 30-day basis.