首届标普全球市场财智公司估值挑战赛已正式结束。经过我们评选委员会的认真评选，获取此次比赛前三名的队伍分别是：
一等奖
参赛队伍名称：Valuemaker
参赛队员：Ziqi LIU, Qinglin LI, Qing ZHANG, Hairan XU, Xing ZHONG
学校：上海财经大学
评委点评：
- Identifies key factors including Chinese cancer incidence, international collaborations with global pharmaceutical companies, and high number of R&D professionals
- Mentions that high R&D spending results in net losses, notes lack of experience in commercialization due to partnership with Celgene
- Limited discussion about competitors; risk factors focus primarily on commercialization and supply chain risks, rather than competition
- Good visual presentation
二等奖
参赛队伍名称：The Stars of the Ages
参赛队员：Xingchen ZHOU, Xiaonuo CHEN, Yunhui LU, Qiuhan LV, Yonghan LIU
学校： 上海财经大学
评委点评：
- Solid review of company's principle sources of income and trends in income, though no mention of market share or domestic competition
- Industry analysis covers a number of factors, including increased demand for health care with economic growth, and the likely stimulative role of government policy in developing the domestic health care industry; does not mention China's demography and likely impact on health care demand
三等奖
参赛队伍名称：Valuation Team
参赛队员：Zhiyang WANG, Ye WANG, Yidi WANG, Yijin WANG, Xinyu GAO
学校：南开大学
评委点评：
- Industry analysis is narrow; correctly identifies demographic and societal changes likely to increase demand for eye medical services, and the role of state support, but otherwise does not discuss business context or competition
优秀奖 （排名不分先后）
参赛队伍名称：Team VeryGood
参赛队员：Gangming SHAO, Yuezhen SONG, Jianzhen LING, Lubin ZHANG, Junhao CHEN
学校：上海财经大学
评委点评：
• Correct identification of demographic, economic, technological and policy factors in industry growth
• Much of the company analysis identifies risks and trends specific to the industry, and not to Zhifei Biological specifically
参赛队伍名称：
SUFE Allstars参赛队员：Minghao YANG, Yi REN, Yike LI, Jiaxiaomei DING, Shangyang LIU
学校：
上海财经大学
评委点评：
• Industry overview is solid, beginning with global markets for medical devices, with breakdowns by device type and markets; includes economic moat analysis and policy impact
• Company analysis includes 3 major streams of business and past growth, with mention of presence on international market; good coverage of operational risks and expenses, including in the M&A model, and geopolitical risk
参赛队伍名称：
Star Cap参赛队员：Haowei JING, Yan LU, Zejia QIAN, Ruixi ZHANG, Haoting XIE
学校：
上海交通大学
评委点评：
• Industry overview and company overview were good, with extensive qualitative analysis of factors affecting the industry and company
• Extensive discussion of risks, including centralized procurement, policy risks, R&D, geopolitics
参赛队伍名称：
SAIF Fairy参赛队员：Yiwei DONG, Biying GONG, Wenxin WU, Yuxuan Zhao, Saijun PENG
学校：
上海交通大学
评委点评：
• Solid quantitative analysis of company’s revenues and growth prospects; could have strengthened analysis with discussion of competition
• Excellent visuals
参赛队伍名称：
Real_Me参赛队员：Fei ZHOU, Zijian ZHOU, Shang LIU, Jingyue ZHU, Lei WANG
学校：
上海交通大学
评委点评：
• Comprehensive analysis of opthamology services in demand and growth factors
• Analysis of direct competitors
• Company analysis includes good discussion of the “hierarchical chain” model (franchising?) and options for international expansion
参赛队伍名称：
Railroad Guerrilla参赛队员：Yingzi YUAN, Zhiyuan WANG, Xiaojie ZHANG, Hang XU, Yumeng ZHOU
学校：
上海财经大学
评委点评：
• Industry analysis touches on sizing and growth potential of China’s domestic medical device market, and domestic policy support
• Company analysis was strictly financial, with no discussion of competitors; focus was on financials rather than fundamentals. A deep dive into company’s key business lines was buried in the appendix
参赛队伍名称：
Oops, Not Bad Team参赛队员：Jingyuan SHI, Junyou CHEN, Jian TAN, Ruiling MA
学校：
暨南大学
评委点评：
• Basic analysis of medical devices market, and industry factors
• Solid coverage of company’s main business lines, with some discussion of competition; discussion of legal and operational risks is basic and could be examined in greater depth
参赛队伍名称：
Iron Village参赛队员：Yuejing LI, Yining LI, Yuxin LI, Zijing HAN, Shan JIN
学校：
复旦大学
评委点评：
• Exceptional quantitative analysis on company valuation
• Would have been nice to see some more discussion of demographic and economic factors in the industry analysis section
• Solid analysis of competition companies in the relative valuation section
参赛队伍名称：
Grandmaster参赛队员：Jiayi GE, Yiyang HE, Changchuan ZHANG, Xiaoli WEI
学校：
西交利物浦大学
评委点评：
• Reasonably solid analysis of industry and company overall; discussion of growth prospects for CRO industry in China
• Identifies enhancements in specific sectors (fluid chemistry); appendices rich in more company details including strategic alliances, revenue distribution, company strategy, regulatory risk
• Good risk evaluation, including customer concentration, raw materials pricing, competition; risks section is comprehensive and well-explained
参赛队伍名称：
1D Team参赛队员：Xinmeng CHEN, Tianwen CHEN, Xiangjin MOU, Zaidong LIU, Xiaoqi CHEN
学校：
南开大学
评委点评：
• Some discussion of size/shape of Chinese health care market, and pharmaceutical industry; identifies challenges to pricing power in both buyers and suppliers for company
• Analysis of main business lines is adequate, identifying cancer drugs as high-growth areas, while reliable revenues can be pulled from anesthesia and contrast agents
• Minimal competitive analysis
获奖团队请注意：
我们将在比赛结果发布后，未来一周内单独邮件或电话获奖团队及成员安排奖金事宜。
