本文關(guān)鍵詞： LD公司 電源行業(yè) 投資價值　出處：《鄭州大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：電能是目前最優(yōu)質(zhì)的廣泛應(yīng)用的能源,而電源設(shè)備就是實現(xiàn)電能轉(zhuǎn)換,給電子設(shè)備提供滿足其所需的電能的重要裝備。電源是所有電子產(chǎn)品中最不可缺少的一環(huán),有著巨大的發(fā)展空間。而在這其中,UPS電源在通信,電力,金融等行業(yè)得到了廣泛的應(yīng)用,我國正處在高速發(fā)展工業(yè)化,快速建設(shè)信息化的時期,潛在的對UPS的巨大需求促使生產(chǎn)廠家在節(jié)能,環(huán)保,更高效等方面進(jìn)行更深入的技術(shù)改造,持續(xù)推出新產(chǎn)品,來滿足眾多行業(yè)的需求,LD公司是國內(nèi)UPS行業(yè)中技術(shù)實力較強(qiáng),規(guī)模相對較大,具有一定影響力的企業(yè),LD公司一直堅持技術(shù)革新,并通過自身的努力不斷地將科研成果轉(zhuǎn)化成產(chǎn)品優(yōu)勢。通過不斷地提升成產(chǎn)技術(shù),開發(fā)新的產(chǎn)品應(yīng)用領(lǐng)域,已經(jīng)奠定了在市場上的優(yōu)勢地位,經(jīng)過多年的發(fā)展,已經(jīng)建立了非常完美的營銷和服務(wù)網(wǎng)絡(luò),積累了豐富的開發(fā),設(shè)計,生產(chǎn)和銷售服務(wù)的經(jīng)驗,LD已成為行業(yè)著名品牌,國家馳名商標(biāo)。因此對LD公司投資價值的分析,可以促進(jìn)資金供需雙方的雙贏,實現(xiàn)共同發(fā)展。本文選擇LD公司作為分析目標(biāo),運(yùn)用自上而下的方法,分別從宏觀經(jīng)濟(jì),行業(yè)發(fā)展和公司三個層次開展分析,最后對LD公司作出一個合理估值,為廣大的潛在投資者的投資決策提供幫助。 本文研究認(rèn)為： 中國2014-2018年經(jīng)濟(jì)將繼續(xù)處于穩(wěn)定發(fā)展階段,GDP的年增長率將繼續(xù)保持在7%左右。中國電源行業(yè)在將來的3-4年內(nèi)因為自己所處的行業(yè)特征,將受到宏觀經(jīng)濟(jì)較大的影響而不能快速的發(fā)展,隨著宏觀經(jīng)濟(jì)的整體復(fù)蘇,有很大的可能性達(dá)到快速的發(fā)展。長期而言,LD公司將保持較長時間的穩(wěn)定增長,預(yù)計2014年-2018年大概可以保持每年20%的營業(yè)收入增長率。通過估值分析,筆者認(rèn)為LD公司的合理估值為138946.8萬元。結(jié)合全文的分析和以及對未來的預(yù)判,具有一定的投資價值,值得投資。
[Abstract]:Electric energy is the most high quality widely used energy, and the power supply equipment is to achieve power conversion. Power supply is the most indispensable part of all electronic products, and there is a huge space for development. Among them, UPS power supply is in communication and power. Finance and other industries have been widely used. Our country is in the period of high-speed industrialization and rapid construction of information. The potential huge demand for UPS promotes the manufacturers to save energy and protect the environment. More efficient and other aspects of more in-depth technical transformation, continuous introduction of new products to meet the needs of many industries, the LD company is the domestic UPS industry technical strength is relatively large. The company with certain influence has always insisted on technological innovation, and through its own efforts to continuously transform scientific research results into product advantages, through continuous upgrading into production technology. The development of new product applications has established a dominant position in the market, after years of development, has established a very perfect marketing and service network, accumulated rich development, design. The experience of producing and selling service has become a famous brand and national famous trademark. Therefore, the analysis of the investment value of LD company can promote the win-win situation between supply and demand. To achieve common development. This paper chooses LD company as the analysis goal, using top-down method, from the macro economy, industry development and company three levels to carry out the analysis. Finally, a reasonable valuation of LD Company is made to help the investment decision of the vast number of potential investors. This paper considers that: China's economy will continue to be in a stable stage of development in 2014-2018. The annual growth rate of GDP will continue to be around 7%. China's power supply industry will not be able to develop rapidly in the next 3-4 years because of its own characteristics of the industry, which will be greatly affected by the macro economy. With the overall recovery of the macroeconomic, there is a great possibility of rapid development. In the long run, LD will maintain stable growth for a long time. It is expected to maintain an annual revenue growth rate of 20% per year from 2014 to 2018. The author thinks that the reasonable valuation of LD Company is one billion three hundred and eighty-nine million four hundred and sixty-eight thousand yuan. Combined with the analysis of the full text and the prediction of the future, it has certain investment value and is worthy of investment.
【學(xué)位授予單位】：鄭州大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F426.6;F406.7

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