| Photovoltaic industry is a strategic industry in China,and one of the important industries to achieve carbon neutrality and carbon peak.The photovoltaic industry has been developing in China for many years.It has been in existence since the beginning of the 21 st century.At the beginning,the photovoltaic industry mainly benefited from the development of overseas photovoltaic.With China’s emphasis on renewable energy,China began to support the photovoltaic industry,which has developed rapidly.After years of development,China’s photovoltaic industry has accounted for more than 70% of the world’s production capacity in all aspects.But despite this,photovoltaic will still rely on subsidies to develop before 2020,and the industry is greatly affected by policy.With the national carbon neutrality and carbon peak,the photovoltaic industry will no longer be negatively affected by the policy,and the photovoltaic industry has entered the era of parity,the photovoltaic industry has a bright future.There are better investment opportunities in the photovoltaic industry.Under this investment opportunity,this paper chooses Longji shares as the object of investment value analysis.It is a top-down analysis method based on relevant investment value theory.Analysis of investment value of Longji shares mainly includes three aspects: industry level,company level and valuation of market value.The first is the industry level,mainly including the supply pattern and demand of the industry.Secondly,from the company level,the analysis of the company’s main business,core competitiveness and its financial indicators.And through the factor analysis including financial indicators and non-financial indicators,analyze whether the company has greater competitiveness in the photovoltaic industry listed companies.Finally,the relative valuation method is used to calculate the market value of the company so that investors can buy at a price below fair valuation.At the end of this paper,the thesis is summarized.And to investors in the investment to provide a certain reference and investment risk. |
