How to analyze the competitive advantage of listed companies

Generally speaking, the company's prospectus will have comments on the company's development history, competitive pattern, industry position and competitive advantage, which is often the most direct reference for investors to judge the texture and investment value of listed companies, and the quality of listed companies often determines their investment value, which is an important factor affecting the trend of the secondary market of stocks. Therefore, we must attach great importance to the analysis of the competitive advantage and position of listed companies in the prospectus and study it carefully.