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新质生产力锻造“科特估”体系
方正证券·2024-06-14 08:40

Group 1: Establishment of the "Kote" Valuation System - The establishment of the "Kote" valuation system is a necessary requirement for developing new productive forces[1] - The "Kote" system promotes a high-level strategy of technological self-reliance and strength[2] - The "Kote" system reflects the political and people-oriented nature of the capital market[3] - The "Kote" system is essential for coordinating development and security needs[4] Group 2: Valuation of Chinese Technology Enterprises - The "Kote" system urgently needs to reshape the undervalued valuations of Chinese technology enterprises[5] - The "Kote" and "Zhongte" systems function as a dual-driven mechanism, with "Zhongte" acting as a stabilizer and "Kote" as a leader[6] - The current valuation methods show that Chinese technology companies are significantly undervalued compared to their U.S. counterparts, with total market capitalization ratios of 32% for China versus 46% for the U.S.[48] - The "Kote" system aims to provide a scientific and reasonable valuation for high-tech enterprises, encouraging innovation and investment[47]