Project background:

代工行业是指为客户提供产品或服务的生产、加工或运营等环节的外包服务的行业，主要包括半导体代工、电子代工、医药代工、汽车代工等领域。代工行业具有资金和技术密集、规模效应明显、市场竞争激烈等特点，对于客户来说，可以降低成本、提高效率、专注核心业务；对于代工企业来说，可以利用自身优势、扩大市场份额、提升盈利能力。

2019年全球代工市场规模达到1.2万亿美元，其中半导体代工市场规模为1,072亿美元，电子代工市场规模为5,300亿美元，医药代工市场规模为1,500亿美元，汽车代工市场规模为2,300亿美元。预计到2024年，全球代工市场规模将增长到1.6万亿美元，年复合增长率为6%。

我国是全球最大的代工市场之一，2019年我国代工市场规模约为3,000亿美元，占全球市场份额的25%。其中半导体代工市场规模为220亿美元，占全球市场份额的21%；电子代工市场规模为2,000亿美元，占全球市场份额的38%；医药代工市场规模为200亿美元，占全球市场份额的13%；汽车代工市场规模为580亿美元，占全球市场份额的25%。预计到2024年，我国代工市场规模将增长到4,000亿美元，年复合增长率为7.5%。

A PE institution is a private equity investment institution focusing on investing in high-tech fields, with rich industry experience and resources. The agency found a leading domestic comprehensive foundry company (hereinafter referred to as the target company). The company is involved in foundry services in various fields such as semiconductors, electronics, medicine and automobiles. It has advanced technology, equipment and management, and has strong Competitiveness and growth potential. The agency developed a strong investment interest in the target company and decided to invest in it as much as possible.

Customer pain points:

As a professional investment institution, a PE institution needs to conduct a comprehensive, in-depth, objective and accurate evaluation and research on the target company before making investment decisions to determine its value, risks and returns, and formulate reasonable investment strategies and programs. However, as the target company is involved in many fields and industries, its business is complex and diverse, involving a variety of technical, legal, financial, tax, market and other issues, it needs professional knowledge and experience to carry out effective due diligence. In addition, since the target company is a private enterprise, there may be opaque or incomplete information disclosure, which requires a variety of channels and means to obtain true and reliable information. As a result, a PE organization faces the following major customer pain points:

-How to conduct systematic, detailed and consistent due diligence on multiple business lines of the target company to fully understand its business model, market position, competitive advantage, profitability, growth potential, etc.

-How to conduct in-depth research on the multiple industries involved in the target company to accurately grasp its industry characteristics, development trends, market size, competitive landscape, policy environment, etc.

-How to evaluate the technical level, intellectual property rights, research and development capabilities of the target company in order to judge its technological innovation and competitiveness.

-How to conduct a rigorous audit of the target company's legal compliance, financial situation, tax risks, etc. to identify and avoid its potential legal and financial risks.

-How to obtain and verify the information of the target company through third-party verification, market research, interviews with industry experts, etc., in order to improve the authenticity and effectiveness of due diligence.

Project purpose:

In order to solve the pain points of customers, Shangpu Consulting Company provides a one-stop investment due diligence service for a PE organization, aiming to help customers achieve the following purposes:

-Comprehensive grasp of the target company's business status, including its business scope, product structure, customer distribution, supply chain management, operational efficiency, quality control, etc;

-In-depth research on the industry environment of the target company, including its industry characteristics, development history, market size, growth drivers, competitive landscape, policy impact, etc;

-Professional evaluation of the technical strength of the target company, including its technical level, intellectual property rights, research and development capabilities, technological innovation, technological transformation, etc;

-Strictly review the legal compliance of the target company, including its legal status, equity structure, major contracts, litigation and arbitration, compliance risks, etc;

- 详细审查目标公司的财务状况，包括其财务报表、收入结构、成本结构、利润水平、资产负债、现金流量等；

-Accurately verify the authenticity of the target company's information, and obtain and verify the relevant information of the target company through third-party verification, market research, interviews with industry experts, etc., in order to improve the authenticity and effectiveness of due diligence.

Research object:

-Target company: As the core object of this project, it needs to conduct all-round due diligence, including in-depth interviews with its management and key personnel, obtaining its internal information and data, and conducting on-site inspections and observations to understand its actual operations.

-Industry Association: As an industry authority, you can obtain industry-related data and information, and understand industry development trends and policy impacts.

-Industry experts: As a person with rich knowledge and experience in the industry, you can obtain industry-related insights and suggestions, and understand the internal dynamics and competition of the industry.

-Competitors: As other participants in the target company's industry, you can obtain competition-related data and information, and understand the strengths and weaknesses of competitors.

-Customer: As a demander of the target company's products or services, you can obtain customer-related data and information from it, and understand customer satisfaction and loyalty.

Supplier: As a product or service provider of the target company, you can obtain supplier-related data and information from it, and understand the supplier's cooperation and trust.

Third-party institutions: as the target company's information and data verifier, you can obtain data and information related to third-party institutions, and understand the independence and professionalism of third-party institutions.

Project Content:

The contents of this project mainly include the following aspects:

Business due diligence: conduct a comprehensive survey of the target company's business, including its business scope, product structure, customer distribution, supply chain management, operational efficiency, quality control, etc., to assess its business model, market position, competitive advantage, profitability, growth potential, etc.

Industry due diligence: conduct in-depth research on the industry environment in which the target company operates, including its industry characteristics, development history, market size, growth drivers, competitive landscape, policy impact, etc., in order to grasp its industry trends and opportunities.

技术尽调：对目标公司的技术实力进行专业的评估，包括其技术水平、知识产权、研发能力、技术创新、技术转化等，以判断其技术竞争力和风险。

法律尽调：对目标公司的法律合规进行严格的审核，包括其法律地位、股权结构、重大合同、诉讼仲裁、合规风险等，以识别和规避其潜在的法律风险。

财务尽调：对目标公司的财务状况进行详细的审查，包括其财务报表、收入结构、成本结构、利润水平、资产负债、现金流量等，以确定其财务价值和风险。

Information verification: obtain and verify relevant information of the target company through third-party verification, market research, interviews with industry experts, etc., in order to improve the authenticity and effectiveness of due diligence.

Project Value:

This project provides a one-stop investment due diligence service for a PE institution and provides strong support and basis for its investment decision-making. This project has the following aspects of value:

Provide customers with a comprehensive, in-depth, objective and accurate target company evaluation report to help customers fully understand the target company's business status, industry environment, technical strength, legal compliance, financial status, etc., as well as its value, risks and benefits.

Provide customers with professional, detailed and consistent due diligence methods and processes to help customers systematically conduct multi-dimensional and multi-level due diligence on the target company, as well as effectively obtain and verify relevant information about the target company.

It provides customers with rich, reliable and timely industry data and information to help customers in-depth research on the industry characteristics, development trends, market size, competitive landscape, etc. of the target company, as well as to grasp industry opportunities and challenges.

为客户提供了专家级别的技术评估和法律审核，帮助客户专业地评估目标公司的技术水平、知识产权、研发能力等，以及严格地审核目标公司的法律地位、股权结构、重大合同等，以判断其技术竞争力和法律风险。

Provide customers with a detailed, transparent and standardized financial review to help customers review the target company's financial statements, revenue structure, cost structure, profit level, balance sheet, cash flow, etc. in detail to determine its financial value and risk.

It saves time, cost and resources for customers, helps customers efficiently complete the investment due diligence work, and improves the investment efficiency and return.