How to Investigate Listed Companies How to Investigate Listed Companies

1, stand by. Know the company under investigation: know the industry in which the company is located, know the names of one or two competitors, and know the main business of the company. If possible, it is suggested to simply look at the company's recent annual report or semi-annual report. Choose the right time for research: In order to ensure the legal compliance of information disclosure, generally listed companies will have a quiet period, such as a period at the end of each quarter or a period before the disclosure of regular reports, which may be a quiet period for listed companies. The best time to investigate listed companies is after the disclosure of regular reports. Make an appointment in advance and visit on time: research companies should respect the reception process of listed companies and try to make an appointment in advance. It's best for investors to provide several time periods to choose from, and inform the units and names of visitors of listed companies; After confirmation by the listed company, try to attend the meeting according to the agreed personnel, time and place, and try not to be late or leave early. Prepare the research outline and allocate time reasonably (for senior investors): It is suggested to list some questions of interest, which will help improve communication efficiency.

2. Investors should encourage and respect the receptionists of listed companies: the original intention of investigating companies is to be interested, willing to invest or have invested, rather than challenging investors and listed companies to stand on the opposite side, so it is suggested that both parties communicate on the basis of mutual respect, rather than questioning or arguing. The topic of the question is clear, short and targeted. Master the scope and scale of questioning. Pay attention to the company's key business or outstanding advantages and disadvantages. The meeting time is limited, so it is suggested to start with the most concerned and important issues. Guide listed companies to take the initiative to express themselves and pay moderate attention to the new regulatory regulations. It takes a relatively long period from the introduction and implementation of the new regulations to the performance of listed companies, which may have an impact on the stock price, but it has little impact on the fundamentals in the short term. Investors are welcome to put forward reasonable opinions and suggestions from the perspective of shareholders or customers. Pay attention to the wording and expression of listed companies (for senior investors) and cultivate tacit understanding with listed companies (for senior investors).

Investors should not do this. Don't ask for specific data that are not disclosed: For the fairness of disclosure, if investors don't want to get less information than others, it's best not to know more than others. Don't ask too much about the company's internal development plan. Do not directly inquire about the performance growth expectation, and do not publish communication recordings and full-text records without the permission of the listed company. Listed companies welcome investors to write investment experience or company comments, but considering that the content of oral communication is slightly inferior to announcements and regular reports in rigor and accuracy, investors are not advised to directly quote and publish without the consent of listed companies. Don't ask about the specific operation of a business: in most cases, explaining the specific operation process of a business can be written into a textbook, and the time for meetings and research is limited. Investors are advised to study through other channels. Don't ask too many sensitive questions such as the attitude of supervision: it is risky to evaluate the attitude, trend and practice of supervision for industries or companies that are strictly regulated. Investors are advised to stop here.