These two days by fund company after each sea newspaper brushs screen, the means that a lot of investor greet sb each other had become: "That ' alone horny animal ' can you buy fund? "That ' alone horny animal ' can you buy fund??
Want an answer to be able to be bought, otherwise wants to buy, crucial point is to depend on investing value for certain, and how be just is there investment value?
Great grandfather of Ba Fei spy describes aptly: "Invest those meetings to let a person kiss your product. "And many public figure of domestic inside course of study often mentions: Good investment is " good company actually + good value. Good investment is " good company actually + good value..
The standard of pilot enterprise
Will see " of " good company above all this!
1, from " churchyard of pilot innovation enterprise issues a share or put hold a proof in the palm and appear on the market superintendency job implements measure " in in light of, what is pilot enterprise basically?
Pilot enterprise ought to be to accord with national strategy, science and technology to innovation ability is highlighted and master core technology, market to approbate degree tall, belong to equipment of computation of Internet, big data, cloud, artificial intelligence, software and integrated circuit, high end to make, the industry of new and high technology such as biology medicine and strategical burgeoning industry, achieve quite dimensions, social figure is good, have steady commercial pattern and profit pattern, to economic society development has outstanding contribution, can lead hypostatic economy transition the innovation industry that upgrade.
Pilot enterprise can be what already appeared on the market outside the condition is red prepare a company, or the enterprise that has not appear on the market outside the condition (include red prepare enterprise and churchyard to register a business) .
2, does pilot enterprise need what to condition accord with?
Already appeared on the market outside the condition pilot red prepare a company, market prise should not under 200 billion yuan of RMBs. Appear on the market inadequacy trades 120 times of day, by trade entirely computation of day of average market prise.
Pilot enterprise has not appear on the market outside the condition, should accord with one of following standards:
(one) recently of audit of a year of classics advocate business Wu income not under 3 billion yuan of RMB, and company estimate is worth not under 20 billion yuan of RMBs;
(2) have own research and development, international the banner, intellectual property that can lead home main field development or have a technology only, have the company of new and high technology of clear technical advantage, personnel of research and development is occupied than exceeding 30% , already obtained with advocate the invention related business Wu is patent 100 above, perhaps obtain at least one with advocate drug of a kind of related business Wu new drug is approved, perhaps have have the core technology that international precedes and leads action via authority is in charge of a branch to maintain; Innovation of support science and technology and intellectual property participate in market competition, have the competitive place of relative dominant position, before main product market has rate rank 3, do business 3 years recently income is compound increase rate 30% above, recently of audit of a year of classics advocate business Wu income not under 1 billion yuan of RMB, and 3 years of research and development are devoted and aggregate recently occupy advocate the scale with business Wu total income 10% above.
3, specific what company can make reference?
Just think, can accord with the company of these conditions, the quality of a material of itself can say had been more pretty good. Niu Mei is combed from the relevant company of fund of an ancient name for China in slightly citing, investor can become a knowledge.
(1) already appeared on the market outside 6 family circumstances or plan to appear on the market innovation enterprise
According to current market prise, 6 enterprises satisfy a requirement, the financing dimensions of CDR predicts 100 million yuan to be able to arrive at 1800-3600, it is A about the 0.3%-0.6% of current market prise, if consider the market to bear ability, if single home is 30 billion issue upper limit, total financing dimensions can achieve 1000-1800 100 million yuan.
(2) innovation enterprise has not appear on the market inside 25 family circumstances
In March 2017, ministry of science and technology releases " 2017 China alone horny animal company grows a report " , share a list of names posted up on 164 enterprises, the enterprise of contented condition in all 30 (appraise is worth 20 billion yuan of above) , what be bought is the peaceful heart period that eliminates to already appeared on the market and be about to appear on the market likely, millet, hungry, the love that plans to appear on the market in Nasidake is strange art, the restful good doctor that harbor pays place to appear on the market, return remnant 25, total financing dimensions achieves 360 billion yuan or so.
Appraise value and price difficulty are great
From afore-mentioned in light of these companies, although who is unwarrantable also they a certain number of there can be very good growing sex all the time after year, having very good ascendant tendency, but at least looks from current condition, basically can saying to return is the company with better quality of a material, so next no more than pays close attention to namely is good value!
1, how do the appraise value of innovation enterprise and price decide?
After editing " negotiable securities is issued with bear sell administrative idea " , will put those who hold a proof in the palm to issue with bear annul bring into its compasses to make range, pilot innovation enterprise issues a share or put hold a proof in the palm, its issue price pattern to also should be in " negotiable securities is issued with bear sell administrative idea " undertake below affirmatory inquiry system frame, pilot innovation enterprise has uniqueness on development phase, industry, technology, product, mode, some already appeared on the market in other market, some can not compare a company, some have not gain, traditional city is filled with the appraise such as rate to be worth a method completely not applicable, new mature estimate is worth mode to had be notted build or without examining effectively, appraise value and price difficulty are greater, need discovers the value through sufficient market inquiry.
In process of inquiry of pilot innovation company, the positive effect that produces professional orgnaization investor adequately, enhance professional orgnaization investor the consequence in price process. Superintendency branch reachs requirement publisher its advocate bear the basis that sell business the circumstance with respective enterprise, scientific design distributes program, participate in inquiry to build reasonable and significant incentive zephyr risk to restrain a mechanism to orgnaization investor, orgnaization investor takes an active part in stimulative major, serious research, careful quote. Professional orgnaization investor should cogent play its are in the action in inquiry process, produce its major advantage, the independence that keeps due, objective, careful, the reasonable estimate that realizes pilot innovation enterprise is worth and fix a price.
2, issue a price to exist likely what means?
Southern fund: Look now from abroad experience, the emission of CDR fixes a price predict to have two kinds: The first sort is like Yu Dingzeng, add namely send one share stock, be equivalent to be being hit on original share price fold add hair; The 2nd kind is equivalent to old make over, it is to negotiate a price, the stock with not certain active reference trades the price.
Whether is there all convert into money when 3. strategy matchs carry out fund to participate in CDR project to invest, what level is rate of convert into money roughly? Whether may different project have different convert into money?
Southern fund: The strategy of referenced industry rich couplet compounds carry out situation, the price that 20 strategies match carry out investor issues the price to agree with the inquiry below the net, do not put in the circumstance of convert into money, this also accords with fair principle, but ultimate CDR strategy matchs carry out means to come on stage not formally, also do not have precedent, so this problem also is put in variable.
4, if consult in last few years if deciding promotional travel to calculate, what kind of earnings can you achieve?
Niu Mei recommends a data from some orgnaization in, see a group of relevant tests, offer reference only.
In light of summary, appraise value and price can say one of core factors that are or so final income, also be to be in this to invest " actually alone in fund of horny animal " , the place that should take seriously most, but because be done not have at present,can consult truly sexual example, because this may be the biggest risk drop in investment process this.
Every classics edits Huang Xiaocong of every classics reporter Xie Feng
