Shanghai Tongda Venture Capital Co., Ltd. (600647.SS)

Shanghai Tongda Venture Capital Co., Ltd. (600647.SS) — VMCI valuation read

Composite valuation read on 600647.SS: VMCI 53/100 against a Real Estate sector median of 50. The 3-point above-median print is the headline number for Shanghai Tongda Venture Capital Co., Ltd., and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for 600647.SS: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on 600647.SS: 600647.SS trades at 21.0x earnings, 17% above the Real Estate median of 18.0x; ROIC of 17.0% sits 7.0pp above the Real Estate median (10.0%); net debt to EBITDA of -1.5x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Real Estate closes the value frame.

600647.SS fell 1.8% over the trailing 7 days, with a -7.6% read on a 30-day basis.