Research On The Valuation Of Environmental Protection Enterprise A On The Science And Technology Innovation Board Under The Concept Of Carbon Peak And Carbon Neutrality

The concept of carbon peak and carbon neutrality refers to a series of emission reduction targets and a series of emission reduction measures taken with the main purpose of energy saving and emission reduction.In September 2020,the United Nations General Assembly was held,and President Xi Jinping proposed the "dual carbon" goal.The continuous enrichment of the carbon peak and carbon neutrality concept has brought profound changes to various fields of my country’s economic life.It not only requires the environmental protection industry to innovate technologies and optimize processes,but also provides broad prospects and good opportunities for the development of the environmental protection industry.As a new force in the environmental protection industry,listed on the Science and Technology Innovation Board,environmental protection companies are supported by national policies,have large R&D investment,have many research projects,and have profound development potential.They will be the main force in helping my country achieve low-carbon emission reduction goals.However,the Science and Technology Innovation Board has been established for a short period of time,and the registration system is piloted for the first time,which gives more tolerance to emerging technology companies and puts forward new requirements for corporate valuation.The particularity of the industry and the characteristics of enterprises at different stages of development make it necessary to adjust traditional enterprise valuation methods,and at the same time quantify the impact of the implementation of the carbon peak and carbon neutrality concept on the valuation of environmental protection enterprise A on the Science and Technology Innovation Board.Enterprise A is the first batch of listed companies on the Science and Technology Innovation Board,and its industry is energy-saving and environmental protection industry.It has the common characteristics of strong R&D investment,many research projects,high technology content,and high risk.Research on the valuation of environmental protection enterprise A on the Science and Technology Innovation Board under the carbon concept has certain exemplary and practical significance.By studying the characteristics of companies listed on the Science and Technology Innovation Board,this thesis explores the problems existing in the development of environmental protection companies under the carbon peak and carbon neutrality concept,explores the key points of the valuation of company A,and analyzes the operating status and financial status of company A in detail to provide relevant indicators for subsequent valuation.Provide data support for forecasting,and improve the accuracy of forecasting indicators such as future yield and future cash flow.At the same time,FCFF and residual income model are used to analyze the applicability of the model when analyzing the existing assets of enterprise A;B-S option pricing model is used when valuing potential assets;The impact of the two-carbon concept on the valuation of firm A.Through the research,the following conclusions are drawn: 1.The residual income model is more suitable for evaluating the existing assets of environmental protection enterprises on the Science and Technology Innovation Board,and the B-S real option method is suitable for evaluating the potential assets of environmenta protection enterprises on the Science and Technology Innovation Board.2.Under the dual-carbon concept,use the carbon peak and carbon neutrality concept coefficient to quantify the impact of the proposed "carbon peak and carbon neutrality " on enterprise valuation,and provide ideas for the subsequent measurement of the impact of emission reduction and carbon reduction targets on the valuation of environmental protection enterprises.