Anhui Gujing Distillery Co., Ltd. (200596.SZ)

Anhui Gujing Distillery Co., Ltd. (200596.SZ) — VMCI valuation read

Headline read on 200596.SZ: VMCI of 68/100 versus a Consumer Defensive sector median of 50. The 18-point above-median position is what makes Anhui Gujing Distillery Co., Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 200596.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 200596.SZ: value (200596.SZ trades at 15.0x earnings, 17% below the Consumer Defensive median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Consumer Defensive median (10.0%)), and risk (net debt to EBITDA of 1.7x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Defensive 12.0x baseline.

200596.SZ fell 1.1% over the trailing 7 days, with a +5.4% read on a 30-day basis.