CN112801686A

CN112801686A - Pricing method and system for forming enterprise equity by intellectual property pricing and equity write

Info

Publication number: CN112801686A
Application number: CN202011423453.7A
Authority: CN
Inventors: 宋河发; 宋奕霄
Original assignee: Institute Of Science And Development Chinese Academy Of Sciences
Current assignee: Institute Of Science And Development Chinese Academy Of Sciences
Priority date: 2020-12-08
Filing date: 2020-12-08
Publication date: 2021-05-14

Abstract

The invention provides a pricing method, a system, a storage medium and an electronic device for forming enterprise equity by intellectual property pricing and equity, wherein the pricing method, the system, the storage medium and the electronic device are used for obtaining enterprise equity value scores by evaluating enterprise market competitiveness, technical innovation capability and operation capability formed by intellectual property, calculating equity prices corresponding to the equity value scores of the same or similar business enterprises according to equity value evaluation case data of the same or similar business enterprises as the enterprises to be priced, calculating equity prices of the enterprises to be priced according to the equity value scores of the enterprises to be priced and the equity prices corresponding to the equity values of the same or similar business enterprises, and returning the equity prices to an evaluation client side, the pricing method realizes the pricing of the equity formed by intellectual property pricing and equity of the enterprises, can reflect the intellectual property value of the enterprises, and can adapt to different industries, the application range is wide.

Description

Pricing method and system for forming enterprise equity by intellectual property pricing and equity write

Technical Field

The invention relates to the technical field of computer management, in particular to a pricing method, a pricing system, a pricing storage medium and an electronic device for forming enterprise equity by intellectual property pricing and equity stocking.

Background

The financing of equity for transfer by enterprises in technical and intellectual property requires determining the price of the equity and stock. The price calculation method for enterprise share right transfer, especially for stock issue, mainly includes market method, market profit rate method, price competition determination method, net asset rate method and cash flow discount method. The stock release quantity is determined between the minimum open release quantity and the upper limit of the release by considering the spreading of the stock book and the dilution of the control right.

The stock price is needed to make full-time investigation in the early stage, write a survey description, make a financial statement and evaluate the price of the company. In the progress of the main underwriter, research and development departments need to conduct feasibility research, and sales personnel need to communicate with researchers. In the road performance stage, a recommendation scheme is established, potential requirements are evaluated, feedback of investors on company evaluation values is collected, and the price range is determined in the road performance stage and an investor conference is carried out, so that the release price can be finally determined. The price is determined by considering the indexes of the business income, net profit increase, asset reward rate and the like of the last three years, and the development level of the industry is comparatively analyzed. The investment bank also needs to fully analyze the development condition of the products and the market of the country where the company is located and the operation performance of competitors, and the stock price is determined by gradually converging through research and analysis.

Due to different attributes, growth and financial characteristics of different industries, pricing models adopted by different listed companies are different, and more common pricing models can be divided into two categories: the profit discount method and the analogy method. The yield discount method is to calculate the value of the listed company by estimating the future operating condition of the listed company and selecting a proper discount rate and discount model. Such as the most commonly used stock discount model (DDM), cash flow Discount (DCF) model, etc. Among them, the Dividend inventory Model (DDM) is a basic Model for evaluating the intrinsic value of stocks. Williams (Williams) proposed a stock close-up model (DDM) for company (stock) value assessment in 1938, which lays a theoretical foundation for quantitative analysis of virtual capital, assets and company values and also provides a powerful theoretical basis for basic analysis of securities investment. The basic formula is as follows:

where V is the intrinsic value of each stock, Dt is the expected value of each stock's equity in the t year, and k is the expected profitability of the stock. The intrinsic value of a stock according to the company is the sum of the present values of its expected dividends year by year. Through this pricing model and its different models, the value of the company's stock can be estimated, but eventually a reasonable way is chosen to determine the release price. Common distribution methods include: cumulative bidding mode, fixed price mode, bidding mode. The general bidding approach is common to bond issuance. The accumulated bid means that the publisher determines the issuing price through a price inquiry mechanism and autonomously distributes shares. The inquiry mechanism is a process that a main underwriter determines a new stock issue price interval, calls a road deduction party, repeatedly corrects the issue price according to the demand and demand price information, and finally determines the issue price. The typical time period is 1 to 2 weeks. The fixed price mode means that the main underwriter directly determines an issue price according to the estimation result and the estimation of the investor demand. The fixed price approach is relatively simple, but inefficient. The Model of the cash flow charter (DDM-counted diveded Model, DCF) was proposed in 1937 by Williams (John B.Williams). The formula is as follows:

the CF is cash flow, which mainly refers to net cash flow of enterprises, namely unallocated profit, and can be used for paying liabilities, releasing dividends, repurchasing stocks of companies, or performing asset investment to enlarge production scale, purchasing companies and the like. R is the discount rate, which is the weighted cost of capital, including the risk free rate and risk return rate, and particularly the share includes the equity cost and the debt cost, and the basic range is 7% -15%. N is the number of years of the life cycle of the company, TV is an expected value, assuming that cash flow reaches a final steady state after N years, the growth rate is generally 2% -4%, and cash flow after N years can be put into an end value (TV). The value of n will typically be set to 10 years, and TV value will be a prediction of future development of this company.

The investment company stock typically analyzes whether the net asset profitability (Return rate of earnings) is greater than the reclamation rate (discover rate). The net asset earning rate is equal to net profit/net asset, and the net profit is equal to profit after tax and profit allocation; net assets is owner equity + few stockholders equity. The asset profitability is generally taken as the full amortization net asset profitability, which is the reported period net profit divided by the end-of-period net asset, rather than the weighted average net asset profitability (ROE): weighted average net asset profitability is reported term net profit divided by average net asset. Only stocks whose net asset profitability is greater than the discount rate are worth investing.

The harvard institute of commerce professor RoBert "morton (RoBert Merton) and the university of stanford, mlen" Scholes (Myron) created and developed the blake-Scholes Option Pricing Model (Black Scholes Option Pricing Model) on 10/1997, which laid the foundation for the rational Pricing of various market price-change priced derivative financial instruments of emerging derivative financial markets including stocks, bonds, currencies, commodities:

C(S,t)＝N(d₁)S-N(d₂)Ke^-r(T-t)；

the formula is a non-profit European expanding option pricing model. Wherein C is the initial reasonable price of the option, S is the current price of the stock, K is the delivery price of the option, r is the risk-free interest rate of the continuous rewarding meter, Sigma is the fluctuation rate, sigma is the maximum probability of the continuous rewarding meter²For annual variance, N (d) represents cumulative normal distribution, and T-T represents row weight price time to due date.

The Blacker-Scoers option pricing model has 7 assumptions that (1) stock price behavior follows a lognormal distribution mode, and then is changed into binomial division compensation; (2) in the term of validity of the option, the risk-free interest rate and the income variable of the financial asset are constant, and the share price is replaced by the current value when the dividend is deducted; (3) tax and transaction costs do not exist in the market, and all securities can be completely divided; (4) the option is not enforceable until expiration. (5) No risk-free arbitrage opportunity exists; (6) securities trading is ongoing; (7) the investor can loan at a risk-free rate.

In conclusion, the evaluation of the equity pricing is a relatively complex problem, and the inventor finds that the equity pricing evaluation method provided by the evaluation model does not fully consider the influence of intellectual property on the equity value, and the existing evaluation model has a specific application range, has certain limitation, cannot adapt to different industries, and has poor applicability.

Disclosure of Invention

The invention provides a pricing method, a system, a storage medium and electronic equipment for forming enterprise equity by intellectual property pricing and equity write, and solves the problems that all equity value pricing evaluation methods provided by existing evaluation models have specific application ranges, have certain limitations, do not reflect intellectual property value, cannot adapt to different industries, and are poor in applicability.

In one aspect of the present invention, a pricing method for forming an enterprise right of share by making a price for an intellectual property right is provided, the method comprising:

step 11, the evaluation client sends an enterprise share pricing evaluation request to the server;

step 12, a data acquisition unit of the server acquires enterprise equity value evaluation index sub-index data including enterprise market competitiveness, technical innovation capability and operational capability formed by intellectual property rights;

step 13, the evaluation processing unit of the server normalizes and sums the sub-index data of the enterprise equity value evaluation index to obtain the index of the enterprise market competitiveness, technical innovation capability and operational capability index, and then sums the index to obtain the value of the enterprise equity value;

step 14, judging whether the evaluation processing unit can obtain the share right value evaluation case data of the same or similar business enterprises as the enterprises to be priced, if so, executing the step 12-13 to obtain the enterprise share right value degree scores of the same or similar business enterprises, otherwise, setting the enterprise share right value degree scores by a user in a self-defined way;

step 15, calculating the share price corresponding to the value of the share value degree of the enterprise by the evaluation processing unit;

step 16, the evaluation processing unit calculates the equity price of the enterprise to be priced according to the equity price corresponding to the equity value degree score of the enterprise and the equity value degree score of the enterprise to be priced;

and step 17, the output unit of the server returns the share price to the evaluation client.

Optionally, the method further comprises the steps of:

if the server does not obtain the case data of the share right value evaluation of the enterprise with the same or similar service as the enterprise to be priced, a share right self-defining window is generated for a user to self-define and set the corresponding relation between the share right value degree score and the share right price of the enterprise, and the share right price of the enterprise to be priced is calculated according to the self-defined and set corresponding relation between the share right value degree score and the share right price of the enterprise.

Optionally, the index data normalization method is to obtain a sub-index of the index by dividing a sub-index data of a certain index data by a maximum value in the data.

Optionally, the market competitiveness index data subcategory indexes include market competitiveness, market growth rate, and product competitiveness index, and the calculation steps are as follows:

step 21: the data acquisition unit acquires the ratio of sales, the growth rate of sales and the number of necessary patents of the main business product standard to obtain market competitiveness, market growth rate and product competitiveness index data;

step 22: the evaluation processing unit normalizes and sums the market competitiveness, the market growth rate and the product competitiveness index data to obtain a market competitiveness score;

step 23: the output unit outputs the market competitiveness score to the evaluation client.

Optionally, the technical innovation capability index data subcategory index includes a research and development team, a research and development investment, an innovation output, and an innovation influence index, and the calculation steps are as follows:

step 31: the data acquisition unit respectively acquires the proportion of research and development personnel, the research and development input intensity, the number of patents generated by unit research and development expenses and the profit of new products generated by unit research and development input in a research and development team, and obtains research and development input, innovation output and innovation influence index data of the research and development team;

step 32: the evaluation processing unit normalizes and sums the research and development team, research and development investment, innovation output and innovation influence index data to obtain a technical innovation capability index score;

step 33: and the output unit outputs the technical innovation capability index score to the evaluation client.

Optionally, the operation capacity index data subcategory index includes repayment capacity, profitability, growth capacity, and operation capacity index, and the calculation steps are as follows:

step 41: the data acquisition unit acquires the proportion of the payoff to the mobile capital, the capital profit rate, the profit growth rate and the increment to the sales income proportion to obtain index data of the repayment capacity, the profit capacity, the growth capacity and the operation capacity;

step 42: the evaluation processing module normalizes and sums the repayment ability, the profitability, the growth ability and the operation ability index data to obtain an operation ability index score;

step 43: and the output unit outputs the operation capacity index score to the evaluation client.

Optionally, the index data summation method is a weighted summation method, a simple average method, or an exponential-multiplication-and-addition method.

The index-multiplication-and-addition total method is characterized in that the enterprise market competitiveness, the technical innovation capability and the operation capability index score are calculated through the following formulas to obtain the enterprise share right value score:

wherein C is_iRepresenting an index of market competitiveness for a certain enterprise,T_irepresenting the technical innovation capability index of the enterprise, B_iRepresenting the business capacity quality of the enterprise, alpha, beta and chi respectively represent C_i，T_i,B_iRight value V_ipreThe contribution rate of (c).

Optionally, the equity value indicators further include one or more of development environment indicators, management teams, risk management capability indicators.

Optionally, the development environment index data subcategory index includes three indexes of policy adaptability, project level and industry situation, and the calculation steps are as follows:

step 51: the data acquisition unit acquires whether the project belongs to a policy support project, an encouragement project or a prohibition project, whether the project is listed in a national and provincial project catalog or not, and calculates the number of similar enterprises to obtain three index data of policy adaptability, project level and industry situation;

step 52: the evaluation processing unit normalizes and sums three index data of policy adaptability, project level and industry situation to obtain a development environment index score;

step 53: the output unit outputs the development environment index score to the evaluation client.

Optionally, the management team index data subcategory index includes a management layer capability, a management team stability, a main manager entrepreneurial enthusiasm index, and the calculation steps are as follows:

step 61: the data acquisition unit acquires the occupation ratios of university and above scholars in the management layer, whether the management layer is reunited or not and whether the main team members are enthusiastic or not, and acquires management layer capacity, management team stability and main manager entrepreneurship enthusiasm index data;

step 62: the evaluation processing unit normalizes and sums up the management layer capacity, the management team stability and the entrepreneurship index data of main managers to obtain a management team index score;

and step 63: the output unit outputs the index score of the management team to the evaluation client.

Optionally, the risk management capability index data subcategory index includes a supervision system, a supervision risk, an intellectual property risk, and a financial risk index, and the calculating steps are as follows:

step 71: the data acquisition unit acquires whether the enterprise establishes a supervision system, the number of punishment and negotiation of the certified party and the certified and supervised bureau, the average patent claim number of the invention, the proportion of the dead account to the floating fund and the proportion of the dead account to the floating fund, and obtains the supervision system, the supervision risk, the intellectual property risk and the financial risk index data;

step 72: the assessment processing unit normalizes and sums the supervision system, the supervision risk, the intellectual property risk and the financial risk index data to obtain a risk management capability index score;

step 73: the output unit outputs the risk management capability index score to the evaluation client.

Optionally, the index data summation method is to obtain a total equity value by using an exponential-multiplication-summation method, and a formula of the total equity value is as follows:

V_ipre＝C_i ^αT_i ^βB_i ^χE_i ^δM_i ^εR_i ^φ

wherein C is_iRepresenting the market competitiveness of a certain enterprise, T_iRepresenting the technical innovation capability of the enterprise, B_iRepresenting the business capacity of the enterprise, E_iRepresenting the development environment index of the enterprise, M_iOn behalf of the enterprise management team, R_iRepresenting the risk management capability of the enterprise, and respectively representing C by alpha, beta, chi, delta, epsilon and phi_i，T_i,B_i，E_i，M_i，R_iRight value V_ipreThe contribution rate of (c).

Optionally, the implementation method for acquiring the share value evaluation case data of the business enterprise the same as or similar to the business enterprise to be priced by the server specifically includes:

and performing data search according to the information related to the equity value evaluation case and a preset URL site based on an open network crawling algorithm, and accessing one or more remote servers in a keyword response mode to acquire the equity value evaluation case data of the enterprise with the same or similar service as the enterprise to be priced.

In another aspect of the present invention, a pricing system for intellectual property pricing and equity plying to form enterprise equity is provided, the system comprising: evaluating a client and a server, the server comprising: data acquisition unit, evaluation processing unit and output unit, wherein:

the evaluation client is connected with the data acquisition unit and used for sending an enterprise equity pricing evaluation request to the server;

the data acquisition unit is connected with the evaluation client and the evaluation processing unit and is used for acquiring enterprise equity value evaluation index data including enterprise market competitiveness, technical innovation capacity and operation capacity formed by intellectual property rights, development environment indexes, management teams and risk management capacity; acquiring share value evaluation case data of an enterprise with the same or similar business as the enterprise to be priced;

and the evaluation processing unit is connected with the data acquisition unit and the output unit and is used for normalizing and summing the evaluation index data of the enterprise share value degrees, outputting the share value degree score of the enterprise to the evaluation client through the output unit, analyzing the share value evaluation case data of the same or similar service enterprises, obtaining the share value degree score of the same or similar service enterprises, calculating the share price corresponding to the share value degree score of the same or similar service enterprises, calculating the share pricing of the enterprise to be priced according to the share value degree score of the enterprise to be priced and the share price corresponding to the share value degree of the same or similar service enterprises, and outputting the share pricing to the evaluation client through the output unit.

The server also comprises a custom setting module which is used for generating a stock right custom window for a user to custom set the corresponding relation between the value of the stock right degree of the enterprise and the price of the stock right when the server does not obtain the case data of the evaluation of the value of the stock right of the enterprise with the same or similar service as the enterprise to be priced, and calculating the price of the stock right of the enterprise to be priced according to the corresponding relation between the value of the stock right degree of the enterprise set by the custom and the price of the stock right.

The data acquisition unit is specifically used for searching data according to the information related to the equity value evaluation case and the preset URL site based on an open network crawling algorithm, and accessing one or more remote servers in a keyword response mode to acquire the equity value evaluation case data of the enterprise with the same or similar service as the enterprise to be priced.

Furthermore, the invention also provides a computer-readable storage medium, on which a computer program is stored which, when being executed by a processor, carries out the steps of the method as described above.

Furthermore, the present invention also provides an electronic device comprising a memory, a processor and a computer program stored on the memory and executable on the processor, wherein the processor implements the steps of the method as described above when executing the program.

The pricing method, the system, the storage medium and the electronic equipment for forming the enterprise equity by intellectual property pricing and equity plying provided by the embodiment of the invention calculate the equity price corresponding to the enterprise equity value score of the same or similar business enterprise according to the enterprise equity value evaluation index data including the enterprise market competitiveness, the technical innovation capability, the operational capability, the development environment index, the management team and the risk management capability formed by the intellectual property, and the equity price corresponding to the enterprise equity value score of the same or similar business enterprise according to the equity value evaluation case data of the same or similar business enterprise to be priced, so that a server can calculate the equity pricing of the enterprise to be priced according to the equity value score of the enterprise to be priced and the equity price corresponding to the equity value score of the same or similar business enterprise, and return the equity pricing to an evaluation client, and the invention realizes the pricing of the enterprise equity formed by intellectual property pricing and plying, the method can reflect the value of the intellectual property rights, embody the importance of the intellectual property rights in enterprise equity pricing, and can progress the enterprise equity pricing according to evaluation index data such as enterprise market competitiveness, technical innovation capability, operational capability and the like formed by the intellectual property rights in different industries, so that the equity pricing method can adapt to different industries and has wide application range.

The foregoing description is only an overview of the technical solutions of the present invention, and the embodiments of the present invention are described below in order to make the technical means of the present invention more clearly understood and to make the above and other objects, features, and advantages of the present invention more clearly understandable.

Drawings

Various other advantages and benefits will become apparent to those of ordinary skill in the art upon reading the following detailed description of the preferred embodiments. The drawings are only for purposes of illustrating the preferred embodiments and are not to be construed as limiting the invention. Also, like reference numerals are used to refer to like parts throughout the drawings. In the drawings:

fig. 1 is a schematic flow chart of a pricing method for forming an enterprise equity by intellectual property pricing and equity plying according to an embodiment of the present invention;

FIG. 2 is a schematic structural diagram of a equity value index system provided in an embodiment of the present invention;

fig. 3 is a block diagram of a pricing system for intellectual property pricing and equity plying to form an enterprise equity according to an embodiment of the present invention.

Detailed Description

Exemplary embodiments of the present disclosure will be described in more detail below with reference to the accompanying drawings. While exemplary embodiments of the present disclosure are shown in the drawings, it should be understood that the present disclosure may be embodied in various forms and should not be limited to the embodiments set forth herein. Rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully convey the scope of the disclosure to those skilled in the art.

It will be understood by those skilled in the art that, unless otherwise defined, all terms (including technical and scientific terms) used herein have the same meaning as commonly understood by one of ordinary skill in the art to which this invention belongs. It will be further understood that terms, such as those defined in commonly used dictionaries, should be interpreted as having a meaning that is consistent with their meaning in the context of the prior art and will not be interpreted in an idealized or overly formal sense unless expressly so defined herein.

Fig. 1 is a flow chart schematically illustrating a pricing method for intellectual property pricing equity in forming an enterprise equity according to an embodiment of the present invention. Referring to fig. 1, the pricing method for forming enterprise equity by intellectual property pricing and equity plying proposed by the embodiment of the invention specifically includes the following steps:

the server comprises a data acquisition unit, an evaluation processing unit and an output unit, and after receiving an enterprise equity pricing evaluation request sent by an evaluation client, all units work cooperatively to realize enterprise equity pricing.

Step 12, the data acquisition unit acquires enterprise equity value evaluation index sub-index data including enterprise market competitiveness, technical innovation capability and operational capability formed by intellectual property rights;

step 13, the evaluation processing unit normalizes and sums the sub-index data of the enterprise equity value evaluation index to obtain the indexes of enterprise market competitiveness, technical innovation capability and operational capability index, and then sums the indexes to obtain the value of the enterprise equity value;

step 14, judging whether the evaluation processing unit can obtain the enterprise share right value evaluation case data of the same or similar service as the enterprise to be priced, if so, executing the step 12 to the step 13 to obtain the enterprise share right value degree score of the same or similar service enterprise, otherwise, setting the enterprise share right value degree score by a user in a self-defined way;

and 17, returning the share price to the evaluation client by the output unit.

In the pricing method for forming the enterprise right to stock in the intellectual property pricing proposal provided by the embodiment of the invention, if the server does not obtain the right value evaluation case data of the enterprise with the same or similar service as the enterprise to be priced, a right self-defining window is generated for the user to self-define and set the corresponding relation between the degree value of the right to stock of the enterprise and the right price, and the right to stock pricing of the enterprise to be priced is calculated according to the corresponding relation between the degree value of the right to stock of the user and the right price of the right to stock.

In an embodiment of the invention, the enterprise equity value evaluation index data includes enterprise market competitiveness, technical innovation capability and business capability formed by intellectual property rights.

The index data normalization method is that sub-index data of certain index data are divided by a preset optimal value to obtain sub-index indexes of the index, and the equity value index including enterprise market competitiveness, technical innovation capacity and operation capacity is obtained. Specifically, the optimal value may be set to a maximum value in the sub index data or a preset ideal value.

The index data summation method may be a weighted summation method, a simple averaging method, or an exponential multiplication, where the exponential multiplication is to obtain a total share value by using an exponential multiplication summation method, and the formula is as follows:

V_ipre＝C_i ^αT_i ^βB_i ^χ

wherein C is_iRepresenting the market competitiveness of a certain enterprise, T_iRepresenting the technical innovation capability of the enterprise, B_iRepresenting the business capacity of the enterprise, alpha, beta and chi respectively represent C_i，T_i,B_iRight value V_ipreThe contribution rate of (c).

Specifically, the market competitiveness index data subcategory indexes comprise market competitiveness, market growth rate and product competitiveness indexes, and the calculation steps are as follows: step 21: the data acquisition unit acquires the ratio of sales, the growth rate of sales and the number of necessary patents of the main business product standard to obtain market competitiveness, market growth rate and product competitiveness index data; step 22: the evaluation processing unit normalizes and sums the market competitiveness, the market growth rate and the product competitiveness index data to obtain a market competitiveness score; step 23: the output unit outputs the market competitiveness score to the evaluation client.

Specifically, the technical innovation capability index data subcategory indexes comprise research and development teams, research and development investment, innovation output and innovation influence indexes, and the calculation steps are as follows: step 31: the data acquisition unit respectively acquires the proportion of research and development personnel, the research and development input intensity, the number of patents generated by unit research and development expenses and the profit of new products generated by unit research and development input in a research and development team, and obtains research and development input, innovation output and innovation influence index data of the research and development team; step 32: the evaluation processing unit normalizes and sums the research and development team, research and development investment, innovation output and innovation influence index data to obtain a technical innovation capability index score; step 33: and the output unit outputs the technical innovation capability index score to the evaluation client.

Specifically, the sub-category indexes of the operation capacity index data comprise repayment capacity, profitability, growth capacity and operation capacity indexes, and the calculation steps are as follows: step S41: the data acquisition unit acquires the proportion of the payoff to the mobile capital, the capital profit rate, the profit growth rate and the increment to the sales income proportion to obtain index data of the repayment capacity, the profit capacity, the growth capacity and the operation capacity; step S42: the evaluation processing module normalizes and sums the repayment ability, the profitability, the growth ability and the operation ability index data to obtain an operation ability index score; step S43: and the output unit outputs the operation capacity index score to the evaluation client.

In another embodiment of the invention, the enterprise equity value evaluation index data includes one or more of enterprise market competitiveness, technical innovation ability, manageability index, development environment index, management team, and risk management ability index formed by intellectual property rights.

Specifically, the development environment index data subcategory indexes comprise three indexes of policy adaptability, project level and industry situation, and the calculation steps are as follows: step 51: the data acquisition unit acquires whether the project belongs to a policy support project, an encouragement project or a prohibition project, whether the project is listed in a national and provincial project catalog or not, and calculates the number of similar enterprises to obtain three index data of policy adaptability, project level and industry situation; step 52: the evaluation processing unit normalizes and sums three index data of policy adaptability, project level and industry situation to obtain a development environment index score; step 53: the output unit outputs the development environment index score to the evaluation client.

Specifically, the indexes of the management team index data subcategory comprise management layer capacity, management team stability and business creation enthusiasm indexes of main managers, and the calculation steps are as follows: step 61: the data acquisition unit acquires the occupation ratios of university and above scholars in the management layer, whether the management layer is reunited or not and whether the main team members are enthusiastic or not, and acquires management layer capacity, management team stability and main manager entrepreneurship enthusiasm index data; step 62: the evaluation processing unit normalizes and sums up the management layer capacity, the management team stability and the entrepreneurship index data of main managers to obtain a management team index score; and step 63: the output unit outputs the index score of the management team to the evaluation client.

Specifically, the risk management capability indexes comprise supervision system, supervision risk, intellectual property risk and financial risk indexes, and the calculation steps are as follows: step 71: the data acquisition unit acquires whether the enterprise establishes a supervision system, the number of punishment and negotiation of the certified party and the certified and supervised bureau, the average patent claim number of the invention, the proportion of the dead account to the floating fund and the proportion of the dead account to the floating fund, and obtains the supervision system, the supervision risk, the intellectual property risk and the financial risk index data; step 72: the assessment processing unit normalizes and sums the supervision system, the supervision risk, the intellectual property risk and the financial risk index data to obtain a risk management capability index score; step 73: the output unit outputs the risk management capability index score to the evaluation client.

The index data summation method is to obtain a total share value degree by adopting an index and multiplication-multiplication summation method, and the formula is as follows:

V_ipre＝C_i ^αT_i ^βB_i ^χE_i ^δM_i ^εR_i ^φ

In this embodiment, the equity value index system is described by taking 6 value indexes, including a development environment index, a market competitiveness index, a management team index, a technical innovation ability index, a risk management ability index, and an operation ability index, as an example.

Specifically, the equity value index system is shown in fig. 2, wherein the development environment index includes evaluation indexes such as policy adaptability, project level, and industry situation; the market competitiveness index comprises evaluation indexes such as market competitiveness, market growth rate, product competitiveness and the like; the management team indexes comprise evaluation indexes such as management layer capacity, management team stability, entrepreneurship enthusiasm of main managers and the like; the technical innovation capability indexes comprise evaluation indexes such as research and development teams, research and development investment, innovation output, innovation influence and the like; the risk management capability indexes comprise evaluation indexes such as supervision system, supervision risk, intellectual property risk, financial risk and the like; the operation capacity index comprises evaluation indexes such as repayment capacity, profitability, growth capacity and operation capacity. Specifically, each evaluation index corresponds to a specific evaluation basis, for example, the evaluation basis of policy adaptability is policy encouragement, support and prohibition, the evaluation basis of project level is listed in national, provincial and municipal projects, and the evaluation basis of industry situation is the number of similar enterprises.

After the equity pricing is completed and the issuing mode is determined, entering a formal issuing stage, and if the effective subscription quantity exceeds the proposed issuing quantity, carrying out excess subscription. Under the condition of excess subscription, the current main underwriters in China do not have the right of allocating shares, and must allocate and sell the shares according to the subscription proportion. The underwriter may also use the "overbatch option" to increase the number of releases when overbooking occurs. The authorized main underwriter can over-sell a certain proportion of shares in a certain period after the stock is on the market according to the same release price, and during this period, if the market price is lower than the release price, the main underwriter directly purchases the share from the market and distributes the share to the investors who propose to purchase, and if the market price is higher than the release price, the share is directly increased by the distributor.

The pricing method for forming the enterprise equity by the intellectual property pricing equity share provided by the embodiment of the invention calculates the equity price corresponding to the enterprise equity value degree score of the same or similar business enterprise according to the enterprise equity value evaluation index data including the enterprise market competitiveness, the technical innovation capability and the operational capability formed by the intellectual property and the equity value evaluation case data of the same or similar business enterprise to be priced, so that the server calculates the equity pricing of the enterprise to be priced according to the equity value score of the enterprise to be priced and the equity price corresponding to the equity value of the same or similar business enterprise and returns the equity pricing to the evaluation client side, the pricing method realizes the pricing of the enterprise equity formed by the intellectual property pricing share, can reflect the value of the enterprise equity formed by the intellectual property, and can adapt to different industries, the application range is wide.

For simplicity of explanation, the method embodiments are described as a series of acts or combinations, but those skilled in the art will appreciate that the embodiments are not limited by the order of acts described, as some steps may occur in other orders or concurrently with other steps in accordance with the embodiments of the invention. Further, those skilled in the art will appreciate that the embodiments described in the specification are presently preferred and that no particular act is required to implement the invention.

Fig. 3 is a schematic structural diagram of a pricing system for intellectual property pricing and equity formation according to an embodiment of the present invention. Referring to fig. 3, the pricing system for forming enterprise equity by intellectual property pricing and equity plying of the embodiment of the invention specifically comprises: evaluating a client 10 and a server 20, said server 20 comprising a data acquisition unit 201, an evaluation processing unit 202 and an output unit 203, wherein:

the evaluation client 10 is connected with the data acquisition unit 201 and is used for sending an enterprise equity pricing evaluation request to the server 10;

the data acquisition unit 201 is connected with the evaluation client 10 and the evaluation processing unit 202, and is used for acquiring enterprise equity value evaluation index data including enterprise market competitiveness, technical innovation capacity, business capacity, enterprise development environment, enterprise management team and risk management capacity formed by intellectual property rights; acquiring share value evaluation case data of an enterprise with the same or similar business as the enterprise to be priced;

the evaluation processing unit 202 is connected to the data obtaining unit 201 and the output unit 203, and is configured to normalize and sum the enterprise equity evaluation index data, output the enterprise equity value score to the evaluation client 10 through the output unit 203, analyze the equity value evaluation case data of the same or similar business enterprises, obtain the enterprise equity value score of the same or similar business enterprises, calculate the equity price corresponding to the enterprise equity value score of the same or similar business enterprises, calculate the equity price of the enterprise to be equity priced according to the enterprise equity value score to be priced and the equity price corresponding to the equity value of the same or similar business enterprises, and output the equity pricing to the evaluation client 10 through the output unit 203.

In the embodiment of the present invention, the server further includes a custom setting module not shown in the drawing, where the custom setting module is configured to generate a right custom window for a user to custom set a corresponding relationship between a value of the right value of the enterprise and a price of the right when the server does not obtain right value evaluation case data of an enterprise that is the same as or similar to the right value of the enterprise to be priced, and the evaluation processing unit calculates the right pricing of the enterprise to be priced according to the user-set corresponding relationship between the value of the right value of the enterprise and the price of the right.

In the embodiment of the present invention, the data obtaining unit 201 is specifically configured to perform data search according to the information related to the equity value assessment case and the preset URL site based on an open network crawling algorithm, and access one or more remote servers in a keyword response manner to obtain the equity value assessment case data of an enterprise having the same or similar service as the enterprise to be equity priced.

Specifically, the equity value index system is shown in fig. 2, wherein the development environment index includes evaluation indexes such as policy adaptability, project level, and industry situation. Specifically, each evaluation index corresponds to a specific evaluation basis. The policy adaptability refers to whether the items belong to policy support, encouragement or prohibition items, the project level refers to whether the items are listed in a national and provincial project catalog, and the industry situation is represented by the number of similar enterprises.

The market competitiveness index comprises evaluation indexes such as market competitiveness, market growth rate, product competitiveness and the like. The market competitiveness is calculated by the ratio of sales, the market growth rate is calculated by the growth rate of sales, and the product competitiveness is calculated by the number of necessary patents of the main business product standard

The management team indexes comprise evaluation indexes such as management layer capacity, management team stability, main management personnel entrepreneurship enthusiasm and the like. The management layer capacity is calculated by the proportion of universities and students in the management layer, the stability of a management team is represented by whether the management layer is united or not, and the entrepreneurship enthusiasm of main management personnel is represented by whether main members have enthusiasm or not.

The technical innovation capability indexes comprise evaluation indexes such as research and development teams, research and development investment, innovation output and innovation influence. Research and development team accounts for the proportion calculation with research and development personnel, research and development investment intensity calculation, innovation output calculates with unit research and development cost output patent number, and innovation influences with unit research and development input output new product profit calculation.

The risk management capability indexes comprise evaluation indexes such as supervision system, supervision risk, intellectual property risk, financial risk and the like. The supervision system is used for calculating supervision risks by using the number of punishment and negotiation of the certified party and the certified bureau, calculating intellectual property risks by using the average patent claim number and the autonomous patent proportion of the invention patents, and calculating financial risks by using the proportion of the idle and bad accounts to the floating funds.

The operation capacity index comprises evaluation indexes such as repayment capacity, profitability, growth capacity and operation capacity. The repayment capacity is calculated by the proportion of repayment cost to the mobile capital, the profitability is calculated by the capital profit rate, the growth capacity is calculated by the profit growth rate, and the operation capacity is calculated by the proportion of the added value to the sales income.

For the system embodiment, since it is basically similar to the method embodiment, the description is simple, and for the relevant points, refer to the partial description of the method embodiment.

The above-described system embodiments are merely illustrative, and the units described as separate parts may or may not be physically separate, and parts displayed as units may or may not be physical units, may be located in one place, or may be distributed on a plurality of network units. Some or all of the modules may be selected according to actual needs to achieve the purpose of the solution of the present embodiment. One of ordinary skill in the art can understand and implement it without inventive effort.

The pricing method and system for forming enterprise equity by intellectual property pricing equity share provided by the embodiment of the invention calculate the equity price corresponding to the enterprise equity value score of the same or similar business enterprise according to the enterprise equity value evaluation index data including the enterprise market competitiveness, the technical innovation ability and the operational ability formed by intellectual property and the equity value evaluation case data of the same or similar business enterprise to be priced, so that the server calculates the equity pricing of the enterprise to be priced according to the equity value score of the enterprise to be priced and the equity price corresponding to the equity value of the same or similar business enterprise and returns the equity pricing to the evaluation client side, the pricing method and system for forming enterprise equity by intellectual property pricing share realize the pricing share pricing formed by intellectual property pricing share, embody the importance of intellectual property in enterprise equity pricing, and, the pricing method for forming the enterprise equity can perform enterprise equity pricing according to evaluation index data processes such as enterprise market competitiveness, technical innovation capability, operational capability and the like formed by intellectual property rights in different industries, so that the equity pricing method can adapt to different industries and is wide in application range.

Furthermore, an embodiment of the present invention also provides a computer-readable storage medium, on which a computer program is stored, which when executed by a processor implements the steps of the method as described above.

In this embodiment, the modules/units integrated by the pricing system for intellectual property pricing and equity offering to form enterprise equity may be stored in a computer readable storage medium if they are implemented in the form of software functional units and sold or used as independent products. Based on such understanding, all or part of the flow of the method according to the embodiments of the present invention may also be implemented by a computer program, which may be stored in a computer-readable storage medium, and when the computer program is executed by a processor, the steps of the method embodiments may be implemented. Wherein the computer program comprises computer program code, which may be in the form of source code, object code, an executable file or some intermediate form, etc. The computer-readable medium may include: any entity or device capable of carrying the computer program code, recording medium, usb disk, removable hard disk, magnetic disk, optical disk, computer Memory, Read-Only Memory (ROM), Random Access Memory (RAM), electrical carrier wave signals, telecommunications signals, software distribution medium, and the like. It should be noted that the computer readable medium may contain content that is subject to appropriate increase or decrease as required by legislation and patent practice in jurisdictions, for example, in some jurisdictions, computer readable media does not include electrical carrier signals and telecommunications signals as is required by legislation and patent practice.

The electronic device provided by the embodiment of the invention comprises a memory, a processor and a computer program which is stored on the memory and can run on the processor, wherein the processor executes the computer program to realize the steps in the embodiment of the pricing method for forming the enterprise equity by making price and entering of each intellectual property right. Or, the processor implements the functions of the modules/units in the pricing system embodiment for forming the enterprise equity by making a price and putting an equity in the intellectual property mentioned above when executing the computer program.

Illustratively, the computer program may be partitioned into one or more modules/units that are stored in the memory and executed by the processor to implement the invention. The one or more modules/units may be a series of computer program instruction segments capable of performing certain functions, which are used to describe the execution of the computer program in the pricing system for the intellectual property pricing equity. The electronic device may be a desktop computer, a notebook, a palm computer, a cloud server, or other computing device. The electronic device may include, but is not limited to, a processor, a memory. Those skilled in the art will appreciate that the electronic device in this embodiment may include more or fewer components, or combine certain components, or different components, for example, the electronic device may also include an input-output device, a network access device, a bus, etc.

The Processor may be a Central Processing Unit (CPU), other general purpose Processor, a Digital Signal Processor (DSP), an Application Specific Integrated Circuit (ASIC), an off-the-shelf Programmable Gate Array (FPGA) or other Programmable logic device, discrete Gate or transistor logic device, discrete hardware component, etc. A general purpose processor may be a microprocessor or the processor may be any conventional processor or the like that is the control center for the electronic device and that connects the various parts of the overall electronic device using various interfaces and wires.

The memory may be used to store the computer programs and/or modules, and the processor may implement various functions of the electronic device by running or executing the computer programs and/or modules stored in the memory and calling data stored in the memory. The memory may mainly include a storage program area and a storage data area, wherein the storage program area may store an operating system, an application program required by at least one function (such as a sound playing function, an image playing function, etc.), and the like; the storage data area may store data (such as audio data, a phonebook, etc.) created according to the use of the cellular phone, and the like. In addition, the memory may include high speed random access memory, and may also include non-volatile memory, such as a hard disk, a memory, a plug-in hard disk, a Smart Media Card (SMC), a Secure Digital (SD) Card, a Flash memory Card (Flash Card), at least one magnetic disk storage device, a Flash memory device, or other volatile solid state storage device.

Those skilled in the art will appreciate that while some embodiments herein include some features included in other embodiments, rather than others, combinations of features of different embodiments are meant to be within the scope of the invention and form different embodiments. For example, in the following claims, any of the claimed embodiments may be used in any combination.

Finally, it should be noted that: the above examples are only intended to illustrate the technical solution of the present invention, but not to limit it; although the present invention has been described in detail with reference to the foregoing embodiments, it will be understood by those of ordinary skill in the art that: the technical solutions described in the foregoing embodiments may still be modified, or some technical features may be equivalently replaced; and such modifications or substitutions do not depart from the spirit and scope of the corresponding technical solutions of the embodiments of the present invention.

Claims

1. A pricing method for forming enterprise equity by intellectual property pricing equity, the method comprising:

2. The method of claim 1, further comprising:

3. The method of claim 1, wherein the index data normalization method is to divide a sub-index data of an index by a maximum value in the data to obtain a sub-index of the index.

4. The method of claim 1, wherein the market competitiveness index data subcategory index comprises market competitiveness, market growth rate, and product competitiveness index calculated by the following steps:

5. The method as claimed in claim 1, wherein the technical innovation capability index data subcategory index comprises research and development team, research and development investment, innovation output, innovation influence index, and the calculation steps are as follows:

6. The method of claim 1, wherein the index of the sub-category of the manageability index data comprises a repayment ability, a profit ability, a growth ability, and an operation ability index, and the calculation steps are as follows:

7. The method of claim 1, wherein the index data summation method is a weighted sum method, a simple average method, or an exponential-multiplication-by-multiplication summation method.

8. The method of claim 7, wherein the exponential-multiplicative-additive method is to calculate the enterprise market competitiveness, technical innovation ability, and manageability index scores according to the following formulas to obtain the enterprise equity value scores:

V_ipre＝C_i ^αT_i ^βB_i ^χ

wherein C is_iRepresenting a certain enterprise market competitiveness index, T_iRepresenting the technical innovation capability index of the enterprise, B_iRepresenting the business capacity quality of the enterprise, alpha, beta and chi respectively represent C_i，T_i,B_iRight value V_ipreThe contribution rate of (c).

9. The method of claim 1, wherein the equity value indicators further comprise one or more of development environment indicators, management teams, risk management capability indicators.

10. The method of claim 9, wherein the development environment index data subcategory indexes include policy adaptability, project level and industry situation indexes, and the calculation steps are as follows:

11. The method as claimed in claim 9, wherein the management team index data subcategory index includes management level capability, management team stability, and primary manager startup enthusiasm index, and the calculation steps are as follows:

12. The method of claim 9, wherein the risk management capability index data subcategory index includes a regulatory system, a regulatory risk, an intellectual property risk, and a financial risk index, and the calculating step is as follows:

13. The method according to any one of claims 10 to 12, wherein the index data summation method is a method of summing an index and a multiplication together to obtain a total equity value, and the formula is as follows:

V_ipre＝C_i ^αT_i ^βB_i ^χE_i ^δM_i ^εR_i ^φ

14. The method according to claim 1, wherein the method for acquiring the share value evaluation case data of the business enterprise the same as or similar to the business enterprise to be priced by the evaluation processing unit of the server specifically comprises:

15. A pricing system for intellectual property pricing equity to form an enterprise equity, the system comprising: evaluating a client and a server, the server comprising: data acquisition unit, evaluation processing unit and output unit, wherein:

16. The system of claim 15, wherein the server further comprises:

and the user-defined setting module is used for generating a share right user-defined window for a user to set the corresponding relation between the share right value degree score and the share right price of the enterprise in a user-defined manner when the server does not obtain the share right value evaluation case data of the enterprise with the same or similar service as the enterprise to be priced, and calculating the share right pricing of the enterprise to be priced according to the user-defined corresponding relation between the share right value degree score and the share right price of the enterprise.

17. The system according to claim 15, wherein the data obtaining unit is specifically configured to perform data search based on an open web crawling algorithm according to the information related to the equity value assessment case and the preset URL sites, and access one or more remote servers in a keyword response manner to obtain the equity value assessment case data of the business enterprise same as or similar to the business enterprise to be priced.

18. A computer-readable storage medium, on which a computer program is stored which, when being executed by a processor, carries out the steps of the method according to any one of claims 1 to 14.

19. An electronic device comprising a memory, a processor and a computer program stored on the memory and executable on the processor, characterized in that the steps of the method according to any of claims 1-14 are implemented when the processor executes the program.