Shenzhen Zhaowei Machinery & Electronic Co., Ltd. (003021.SZ)

Shenzhen Zhaowei Machinery & Electronic Co., Ltd. (003021.SZ) — VMCI valuation read

Headline read on 003021.SZ: VMCI of 36/100 versus a Industrials sector median of 50. The 14-point below-median position is what makes Shenzhen Zhaowei Machinery & Electronic Co., Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 003021.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 003021.SZ: value (003021.SZ trades at 15.0x earnings, 17% below the Industrials median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Industrials median (10.0%)), and risk (net debt to EBITDA of 2.0x 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.

003021.SZ fell 3.0% over the trailing 7 days, with a -18.2% read on a 30-day basis.