Yusys Technologies Co., Ltd. (300674.SZ)

Yusys Technologies Co., Ltd. (300674.SZ) — VMCI valuation read

Headline read on 300674.SZ: VMCI of 57/100 versus a Technology sector median of 50. The 7-point above-median position is what makes Yusys Technologies Co., Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 300674.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 300674.SZ: value (300674.SZ trades at 15.0x earnings, 17% below the Technology median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 0.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

300674.SZ fell 3.4% over the trailing 7 days, with a -6.0% read on a 30-day basis.