| The 13 th Five-Year Plan,BeiDou Navigation Satellite industry is included in the strategic emerging industries,"Made in China 2025" proposed Beidou satellite navigation field is the development of high-end equipment manufacturing industry focus on the development of the Chinese government from a strategic height to determine the Beidou satellite navigation The Important Role of Industry in China 's National Economy.In the domestic economy to promote the current mode of economic development,industrial restructuring and transformation and upgrading,and vigorously develop the background of high-end manufacturing,the strategic emerging industries will be the current supply side reform under the new economic growth.It is expected that by 2020,the proportion of strategic emerging industries will increase from 4% in 2010 to 15%.Chengdu Zhenxin Technology Co.,Ltd.as the domestic Beidou navigation industry leader,can seize the historical opportunity to achieve faster development,is worthy of a detailed study.The paper chooses Chengdu Zhenxin Technology Co.,Ltd.as the research object to carry out the investment value analysis,mainly based on the company as the largest supplier of Beidou satellite navigation terminal,the industry itself has a good development prospects,the industry to monitor the core technology as the representative The company has great investment potential.For investors,the value of the investment analysis of the company is very meaningful.Analysis of the value of a listed company investment,the need to grasp the macroeconomic and industry development on the company's development,but also to analyze the company's own business results,financial situation,core competitiveness and corporate strategy and many other aspects.As investors,more concerned about the company's internal pricing,the company's value is overvalued or underestimated,these issues are the most concerned about the issue of investors.In order to allow investors to master the fundamentals of the company's development,find the company's intrinsic value,and then guide investors to make decisions,then the scientific,systematic,comprehensive corporate value investment analysis is very necessary.The paper will follow the path from the theoretical analysis to the case study,using qualitative analysis and quantitative analysis of the combination of research ideas,to vibration core technology as the object of study,the company's future investment value.The paper argues that in qualitative analysis,the financial analysis only focuses on the cost of debt,anddoes not take into account the investment of equity capital,there are some limitations on the company's value judgments.In the quantitative analysis,the paper chooses the appropriate valuation model to make up for the deficiency of qualitative analysis.The paper aims to analyze the vibration core technology comprehensively and systematically through the combination of qualitative and quantitative analysis,and try to give investment suggestions for different preference investors. |
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