Examination paper number: (A) paper

Course number: F04110486 Course name: Securities Investment Analysis Exam format: Essay

Applicable classes: Level 08 Guomao name : Student ID: Class:

Discipline Department: Finance and Economics Department Major: International Economics and Trade Exam Date: 2011.6.8

Question Number One Two Three Four Five Six Seven Eight Nine Ten Total score Accumulated score signature

Question score 60 40 100

Score

Notes to candidates: 1. Please check the *** page of this test paper. Are there any missing or damaged pages? If there is any problem, please report it immediately so that it can be replaced.

2. After the exam, candidates are not allowed to take the test papers, answer sheets and scratch papers out of the examination room.

Thesis requirements are as follows:

1. Title: Securities Investment Analysis Report

2. Content requirements: The report must involve fundamental analysis, technical analysis and Three parts of the practical experience;

3. Writing requirements: The font is size 5 Song Dynasty, single-spaced, 0 lines before and after the paragraph, and 2 spaces from the left; the number of words is required to be more than 2,500 words.

4. Other requirements: The report can be equipped with charts, simulated stock trading accounts, etc.; the paper must be completed independently. If any plagiarism or similarity is found, it will be treated as a failure!

Title: Securities Investment Analysis Report

1. Fundamental and Technical Analysis of Securities (60 points)

Score Reviewer

Yellow River Tornado (600172)

1. Fundamental analysis of securities: With the goal of judging the future trend of the financial market, a thorough analysis of economic and political data is required.

1. Macroeconomic conditions:

In the first half of 2011, the monetary policy was "tightening first and then loosening" with a flexible combination of policy tools. Monetary policy still faces the dilemma of controlling inflation and maintaining growth; regulation Continued efforts to correct housing prices have increased momentum; prices have risen rapidly, inflation has increased, and fiscal strength has increased; the internationalization of the RMB has accelerated and the "red currency" will rise in depth; emerging industries have entered a stage of substantial promotion; the reform of the income distribution system continues to advance Reform of personal income tax, improvement of residents' salary level and increase in the proportion of dividends paid by central enterprises; The pace of policy intensity affects the pace of A-share shocks and upward movements, the stock market is very volatile, and the regulation of the property market will also affect market changes and affect the fluctuations of the stock market; Commodities such as oil and coal , the deepening of energy conservation and emission reduction and structural adjustment will inevitably lead to an increase in the demand for energy such as coal, electricity, steel, cement, copper and aluminum, and their prices will rise; the growth of the banking industry will return to steady growth, and the rise of its stocks is promising;

Optimize and improve institutional arrangements such as corporate bond market access, bond review, credit rating and investor services, effectively increase the scale of corporate bond financing, continue to promote the participation of listed commercial banks in the pilot program of exchange banks, and gradually explore the establishment of centralized supervision , unified and interconnected bond market supervision system.

2. Company Profile

The company is one of the 50 large-scale enterprises supported by the Henan Provincial Government and one of the few privately-owned listed companies listed as a key high-tech enterprise in the "Torch Plan" by the state. It has a national-level enterprise technology center and an enterprise postdoctoral research workstation. The company mainly produces artificial diamonds and diamond products. Its leading products include UDS series diamond presses, artificial diamonds, cubic boron nitride, diamond thick films, diamond powder, diamond products, construction machinery and automatic control devices, etc. The company is the largest diamond production base in China, with output ranking first in the country and among the best in the world. "Cyclone" brand series products sell well in developed countries such as Japan, the United States, Europe and Southeast Asian markets. It was listed on the Shanghai Stock Exchange as A shares on November 26, 1998. The registered capital is 268 million yuan.

Corporate philosophy: "Quality, price, time, service" is our business purpose.

"Credit, trust, coordination and cooperation" are the foundation of our business.

"Unity, innovation, truth-seeking and dedication" are our entrepreneurial spirit.

"Using technology to create a 'whirlwind' and pursuing excellence with sincerity" is our quality policy

(1) The company's main business: artificial diamond, artificial diamond abrasive grinding and other diamond products, construction and decoration grinding machines; technical services related to the above business scope, operating the import and export business of the company's self-produced products and related technologies; operating raw and auxiliary materials, instruments and meters required for the company's production and scientific research, Import and export business of mechanical equipment, spare parts and related technologies (except for goods and technologies that are operated by state-restricted companies and prohibited from import and export by the state); engage in processing with supplied materials and "three-to-one" business.

(2) Competitive level of the company's business in the same industry: A leading synthetic diamond enterprise with global competitiveness has the scale advantage. The company's current production capacity has exceeded 1.1 billion carats, and the output in 2005 is estimated to be more than 900 million carats. The production capacity Both production and output rank first in the world. In comparison, the remaining competitors are far behind the company. The advantage of scale not only brings economies of scale, but more importantly, ensures product coverage and quality stability. The company is the company that provides the most complete specifications of artificial diamonds in China. By reserving sufficient basic quantities, it smooths out the quality fluctuations of different batches of products, thereby better meeting the needs of mid-to-high-end customers. Technical advantages: the company has the only national-level enterprise technology center and enterprise postdoctoral research station in the industry. Annual R&D expenses account for 3%-5% of revenue, which is a strong guarantee for long-term domestic leading technology. The company is the first in China to develop large-tonnage presses and research powder synthesis processes. The six-sided top press currently in use has a maximum tonnage of 20,000 tons, the highest in the country. After the company made a breakthrough in powder synthesis technology, the conversion rate of artificial diamond and the production rate of medium and high-grade products have reached the leading level in the industry. Financial advantage: The synthetic diamond industry is still a capital-intensive industry, requiring an investment of more than 60 million yuan per 100 million carats of production capacity. As a listed company, the company has obvious advantages in financing capabilities compared with other companies in the industry

(3) The company's internal management level: focusing on innovation, the company pays attention to cultivating employees' awareness of innovation, development and worry during the development process Awareness,

Proposed the eight-character business policy of "quality, price, time, service", and used integrity to create the "Tornado" brand that is well-known at home and abroad. The company is implementing the "Ten Million Project" to carry out in-depth and sustained corporate cultural education activities to improve employee loyalty and expand loyal groups. The "Hundred Models" selection is conducted every year to create solid human resources for Huanghe Company's grand blueprint. Talent strategy: firmly establish the awareness that "human resources are the first resource", establish and improve the mechanism for attracting, cultivating and using talents, continuously improve the overall quality of human resources and improve the human resources structure, and achieve comprehensive, sustainable, rapid and healthy development for the company Provide strong talent support and guarantee, promote the simultaneous improvement of corporate value and employee value, and the perfect combination of personal success and corporate development

3. Securities technical analysis: development trends, support and resistance, lines and channel, average line

(1) Stock selection

The primary selection of Yellow River Tornado (600172), in the technical analysis chart, it can be seen that its 60-day moving average is generally rising. There were three big rises. In the early stage, the first big rise had its 5-day, 10-day, 20-day, 30-day, and 60-day moving averages arranged in sequence from top to bottom and moving to the upper right, which is called Arrange for multiple heads. It indicates that the stock price will rise sharply. When it rises to a certain trend, its positive line has a long shadow line, strong resistance above it, and a downward trend. Sure enough, three negative lines appeared, and then increased, forming a golden cross here, and there was a big upward trend. That is, multiple positive lines were arranged from bottom to top, and the price reached the 17.1 level to form a second rise. However, the resistance above it increased, and then three negative lines appeared, which rebounded. Afterwards, the 10-day moving average crossed below the 30-day moving average. , formed a death cross, and the stock fell sharply, but its 60-day moving average was still on an upward trend. After a certain downward trend, an upward trend was formed. Multiple positive lines were arranged from bottom to top, and then a golden triangle appeared. The 60-day moving average had a gentle upward trend, and its The stock then had a substantial upward trend. Based on the above analysis, I bought Yellow River Tornado at a price of 14.716 on March 8, 2011

(2) Understand the business performance of the company

The company's performance is very good. The company is one of the 50 large-scale enterprises supported by the Henan Provincial Government. It is also one of the few private listed companies listed as a key high-tech enterprise in the "Torch Plan" by the state. The company has a national-level enterprise technology center and enterprise Postdoctoral research workstation. The company mainly produces artificial diamonds and diamond products. Its leading products include UDS series diamond presses, artificial diamonds, cubic boron nitride, diamond thick films, diamond powder, diamond products, construction machinery and automatic control devices, etc. The company is the largest diamond production base in China, with output ranking first in the country and among the best in the world. "Cyclone" brand series products sell well in developed countries such as Japan, the United States, Europe and Southeast Asian markets.

(3) The subsequent stock market analysis of the stock

.1. The first paragraph

During this period, the stock increased and fell smoothly. Not big, the 60-day moving average tends to a straight line, and the 5-day, 10-day, 20-day, and 30-day moving averages are intertwined with each other. The rise is gentle, and there is a need to continue to hold. Now I am taking a wait-and-see attitude.

At the end of the day, the 5-day, 10-day, 20-day, 30-day and 60-day moving averages are arranged from top to bottom, indicating that the stock has a big upward trend and it is necessary to continue to hold it. The next step will be a big rise. This stage is the adjustment stage, paving the way for the stock's rise and getting ready to go.

.2. Second paragraph

At this stage, the moving averages on the 5th, 10th, 20th, 30th and 60th are arranged from top to bottom, with a sharp rise. The trend is obvious and the increase is very good, reaching the highest point of 21.85 yuan

. 3． The third paragraph

At this stage, the 5-day moving average crosses the 10-day, 20-day and 30-day moving averages from top to bottom. At the same time, the 5-day, 10-day, 20-day and 30-day moving averages all move in the direction. It is moving downward, so the big down trend is obvious. At this stage, you need to choose the right moment to sell the stock, but you can still continue to hold it because its 60-day moving average is still on an upward trend and may be adjusted later