name	valuation-investment-strategy
description	Convert a source-backed A-share research view into valuation scenarios and an investment plan. Use this skill after strategy, business, financial, industry, and risk work is complete. Choose methods that fit the business model and explain assumptions with accessible source links.

Valuation Investment Strategy

Build scenario-based valuation only after the factual base is complete.

Non-Negotiable Rules

Do not invent inputs when public evidence is missing.
Tie every key assumption to a public source or a clearly labeled analytical assumption.
Use scenario analysis instead of false precision.
Keep facts separate from judgment and trading plan.
Default every intermediate and final output to Simplified Chinese unless the user explicitly requests another language.

Read First

skills/shared/references/citation-standard.md
skills/shared/references/research-output-template.md
skills/shared/references/analysis-pattern-selector.md
skills/shared/references/language-output-standard.md
skills/shared/templates/valuation-scenario-table.md
skills/valuation-investment-strategy/references/method-selection.md
If the company is in a business-model transition or asset-heavy ramp, also load the matching shared overlay.
If the company is an IDC or AI-compute transition case, skills/shared/references/idc-heavy-asset-transition-overlay.md and skills/valuation-investment-strategy/references/idc-valuation-overlays.md are optional example overlays.

When to Use

A full company view already exists and now needs a valuation frame.
The company is in transition and simple PE is not enough.
The report needs bear, base, and bull cases with explicit assumptions.

Workflow

Pull outputs from the previous five skills.
Select the right method: peer multiple, SOTP, EV/EBITDA, PB, DCF, or asset-based.
Define a scenario table with revenue, margin, capex, utilization, and balance-sheet assumptions.
Link every assumption to the supporting source or mark it as an analytical estimate.
Produce a value range, thesis checkpoints, and invalidation triggers.

Required Output

事实: valuation-relevant facts, peer set, asset base, financing constraints
解读: which method is most suitable and why
待验证问题: missing occupancy, margin, capex, or disposal assumptions
Scenario Table: bear, base, bull with linked assumptions
Investment Plan: build condition, stop condition, and thesis-confirmation milestones

Boundaries

Do not rebuild the raw company fact base from scratch.
Do not present unsupported precision such as exact fair value without ranges.
Do not ignore risk and balance-sheet constraints.

Valuation Investment Strategy

Build scenario-based valuation only after the factual base is complete.

Non-Negotiable Rules

Do not invent inputs when public evidence is missing.

Tie every key assumption to a public source or a clearly labeled analytical assumption.

Use scenario analysis instead of false precision.

Keep facts separate from judgment and trading plan.

Default every intermediate and final output to Simplified Chinese unless the user explicitly requests another language.

Read First

skills/shared/references/citation-standard.md

skills/shared/references/research-output-template.md

skills/shared/references/analysis-pattern-selector.md

skills/shared/references/language-output-standard.md

skills/shared/templates/valuation-scenario-table.md

skills/valuation-investment-strategy/references/method-selection.md

If the company is in a business-model transition or asset-heavy ramp, also load the matching shared overlay.

If the company is an IDC or AI-compute transition case, skills/shared/references/idc-heavy-asset-transition-overlay.md and skills/valuation-investment-strategy/references/idc-valuation-overlays.md are optional example overlays.

When to Use

A full company view already exists and now needs a valuation frame.

The company is in transition and simple PE is not enough.

The report needs bear, base, and bull cases with explicit assumptions.

Workflow

Pull outputs from the previous five skills.

Select the right method: peer multiple, SOTP, EV/EBITDA, PB, DCF, or asset-based.

Define a scenario table with revenue, margin, capex, utilization, and balance-sheet assumptions.

Link every assumption to the supporting source or mark it as an analytical estimate.

Produce a value range, thesis checkpoints, and invalidation triggers.

Required Output

事实: valuation-relevant facts, peer set, asset base, financing constraints

解读: which method is most suitable and why

待验证问题: missing occupancy, margin, capex, or disposal assumptions

Scenario Table: bear, base, bull with linked assumptions

Investment Plan: build condition, stop condition, and thesis-confirmation milestones

Boundaries

Do not rebuild the raw company fact base from scratch.

Do not present unsupported precision such as exact fair value without ranges.

Do not ignore risk and balance-sheet constraints.