1.SMIC's comprehensive net assets are 200 billion.
On July 16, SMIC, which is mainly engaged in chip processing, went public in science and technology innovation board, with an increase of over 200% on the first day and a market value of over 600 billion yuan. At the same time, the closing market value of SMIC Hong Kong stocks on that day was only HK$ 2128 billion (slightly less than RMB 200 billion), less than one third of A shares. After SMIC went public, the total number of shares was 65.438 shares+68 million A shares+5.74 billion Hong Kong shares = 7.42 billion shares.
Second, the absolute valuation method absolute valuation method
It is to predict how much money the company can earn in the future, "discount" it to the present, and get how much the company is worth. This thing is the most fundamental valuation method, and it is also very logical-investment is to give up today's cash flow and buy an asset, hoping to bring back more cash flow in the future. Knowledge prompt discount is to calculate how much the future money is worth today. Today's 100 yuan is obviously more valuable than the future 100 yuan.
To sum up, the core technology and management team are based on SMIC professionals engaged in special process research and development and production. We have absorbed senior management and technical experts from excellent semiconductor companies at home and abroad, such as Intel, TSMC, Renesas, Applied Materials and Changxin Storage. If the expected rate of return is 15%, then the company with10 billion can only sell 100/(10/5%) = 8.69 billion, so this rate of return is therefore