The Analysis Of Influence Of Transformation And Upgrading On Investment Value Of Robot Industry

Under the background of Chinese manufacturing transformation and upgrading,the representative of emerging industries such as the robot has got rapid rise,triggering a new round of gold wave.With the concept of value investing having been widely accepted,it is very important to evaluate the investment value of listed companies to guide the capital’s allocation for ordinary investors,industry researchers and regulatorsAlthough China is one of the largest manufacturing country,but it is not a manufacturing power.By virtue of the low manufacturing cost advantage,China’s traditional manufacturing industry lies in low-end segment of the value chain for a long time.Relying on price competition to win a place in the international market is not a long-term solution.With the wave of "Motherhood" and Europe’s re-industrialization strategy coming,domestic demographic dividend has been gradually closed.Our manufacturing industy enters an double dilemma."Made in China 2025" gives the traditional manufacturing companies the hope to become the world advanced manufacturing power.The robot industry has been the inevitable trend of transformation and upgrading of traditional manufacturing.From the long-term period,the industrial robot industry is the industry trend throughout the next three decades,which will last three decades and enjoy high investment and research value.This article focuses on the investment value of industrial robots listed companies,based on the background of Chinese manufacturing transformation and upgrading and the assumptions of the stock price will return to the value of companies from long-term perspective.It studies the influence of transformation and upgrading on investment value of listed companies.Then it offers advice for industry investors,ordinary investors and regulators.The first level:Constructing Investment Value Evaluation System.This article build an evaluation of listed companies from the macro,meso and micro levels,to invest its value.The index system includes financial capacity and investment potential of 19 indicators.For industrial robot industry specific background,we import the introduction of special industrial chain restructuring,the proportion of highly educated employees and technical staff.It lays the foundation for the following regression model.The second level:Building panel regression model.Based on the assumptions that long-term share price will return to logic value of the investment.We use factor analysis modeling to classify 19 indicators system to choose five common factors and two dummy variables as explanatory variables to establish a panel regression model with the data of 2011-2015.The third level:focus on the impact of the industrial chain and transition two factors listed company’s share price rose decreases.It concluded as follows:(1)Restructuring of industrial robotics industry for traditional manufacturing enterprises,plays a positive role in promoting investment value;(2)At present,the impact of the industrial robot industry chain upgrading on the investment value of listed companies is not very significant;(3)short-term investment opportunities focus the downstream of industrial robotics industry,long-term investment opportunities focus on the upstream parts.Fourth level:investment recommendations.For traditional manufacturing industry investors,the proposed merger integration and technical cooperation can enhance the investment value of the company,combined with its own advantages.It is important to accelerate the layout towards industry robotics industry upstream industry chain to achieve import substitution;For ordinary investors,listed companies facing the financial difficulties can enhance the value of their investment through the transformation of the industrial robot industry.which brings about investment opportunities.Of course,we should prevent investment risk;For regulators,malicious manipulation in the stock market should be punished severely.the rational policies help lead fund to flow those industry full of investment efficiency.