比亚迪定增回购及内部人交易策略
案例编号：
CN_2023KJYGSCW_3733
被浏览次数：
1727
案例名称：
比亚迪定增回购及内部人交易策略
译名：
BYD Private Placement and Insider Trading
案例作者：
张然、刘心怡、王誉璇
作者单位：
中国人民大学商学院
译者：
-
案例企业：
比亚迪股份有限公司
行业：
制造业
学科领域：
会计与公司财务、其他
规模：
大型
案例语种：
中文
案例类型：
微案例
中文关键词：
价值投资；定向增发；回购；比亚迪
英文关键词：
Value investment; Private placement; Buyback; BYD
中文摘要：
自20世纪70年代以来，巴菲特等著名投资者的成功实践，使价值投资在美国和全球受到推广和重视，并成为西方发达国家资本市场中的主流投资理念；近年来，价值投资理念在我国也逐渐趋于主流。价值投资强调股票投资和实业投资的一致性，使金融回归本源、回到初心，体现出金融服务实体经济的理念，有助于公司不断创造利润价值，并推进好中国特色资本市场的建设。本案例以比亚迪为例予以解析：企业可以如何利用价值投资的基本思想，把握资本市场运行规律，可以通过判断公司当前股价与内在价值的情况，精准把握增发和回购的时机，利用资本市场助力实业发展。在股价被高估时增发股票，筹集更多资金；在股价被低估时回购股票，稳定股价并增强投资者信息。此外，投资者也可以合理利用公司定增和回购信息，及时调整投资组合、做出有效投资决策。
英文摘要：
Since the 1970s, the successful practice of Buffett and other famous investors, value investment has been promoted and valued in the United States and the world, and has become the mainstream investment concept in the capital market of western developed countries. In recent years, the concept of value investment gradually tends to be mainstream in China as well. Value investment emphasizes the consistency between stock investment and industrial investment, makes finance return to its origin and original intention, reflects the concept of financial services for the real economy, helps companies to continuously create profit value, and promotes the construction of capital market with Chinese characteristics. This case takes BYD as an example to analyze: how can enterprises make use of the basic idea of value investment, grasp the operation rules of the capital market, accurately grasp the timing of secondary issuance and buyback by judging the current stock price and intrinsic value of the company, and use the capital market to help the development of the industry. Raising more capital by issuing additional shares when the stock is overvalued; buying back shares when they are undervalued stabilizes prices and enhances investor information. In addition, investors can make reasonable use of the company's private placement and buyback information to timely adjust their portfolios and make effective investment decisions.
适用对象：
本科、学术硕士、专业硕士、高管培训
编写方式：
二手数据
开发时间：
2022
索要案例使用说明：
确认订购本案例：
