Shanghai NAR Industrial Co., Ltd (002825.SZ)

Shanghai NAR Industrial Co., Ltd (002825.SZ) — VMCI valuation read

Shanghai NAR Industrial Co., Ltd sits at VMCI 55/100, with the Industrials sector median at 50. That 5-point spread is the first thing to note on 002825.SZ: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 002825.SZ are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 002825.SZ: 002825.SZ trades at 16.0x earnings, 11% below the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Industrials median (10.0%). The Risk read: net debt to EBITDA of -1.8x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

002825.SZ rose 4.0% over the trailing 7 days, with a -4.8% read on a 30-day basis.