本报告对科创板下六大行业（医药行业、高端装备行业、通信行业、电子行业、境外科技行业、计算机行业）的估值方法和案例进行了分析和讨论，以帮助投资者理解和评估未来科创板上市公司的价值。由于篇幅原因，更详细的报告请见各大行业发布的估值方法论报告。

美国时间5/15，美国商务部宣布把华为及其70 家附属公司添加到实体清单（Entity List）。美国商务部要求企业向华为销售或转移美国技术（The sale ortransfer of American technology）前，需事先获得许可1。美国企业在过去几天已经相继宣布停止发货，由于BIS 公告中对“美国技术”没有明确界定，非美国企业继续向华为供货是否可能触发美国商务部禁令，还有待明确，目前全球供应链出现短期混乱。

2019/4/29 WSTS 公布1Q19 全球半导体销售额968 亿美元（包含3 月销售额322亿美元）， 同比降低15.5% ， 符合先前市场悲观预期。费指近一月内（2019/4/20-2019/5/19）相比上月明显调整，下跌幅度达10.0%，P/E 估值相比标普500 估值折价扩大至8.4%。中金跟踪的22 家全球半导体公司中，仅有4 家上涨，18 家下跌。本月各厂商相继公布最新财季业绩及展望，从中我们看到数据中心需求继续放缓，而智能手机需求出现回暖迹象。但最近中美贸易摩擦升级，特别是华为被美国商务部列入“实体清单”事件，为全球半导体行业复苏带来巨大不确定性。

Since the cloud collaboration is rapidly increasing across the globe, the risk associated with data breaches and cyberattacks are also rapidly ascending. This has led to companies looking forward to invest across a more secure cloud collaboration technology. For instance, Tresorit, one of the European provider of cloud security and collaboration software has raised EUR 11.5 million in September 2018 to promote an enhanced and secure cloud collaboration. This is expected to compel other industry players to boost their investments across the infrastructure security, thereby creating a positive influence on the market, over the forecast period.

特斯拉是一家充满话题与争议的公司。支持者认为特斯拉是硅谷创新精神的代表，“汽车界的苹果”；做空者认为特斯拉烧钱模式不可持续，是“庞氏骗局”

Considerable efforts to spread the importance of sexual wellness have taken place over the years, with numerous retailers and marketers coming ahead with their own commendable ways to educate end-customers about the importance of a healthy sex life. With end-users becoming more and more educated and the rapid technological advancements allowing them to explore the healthy aspects of their sexual life, the market for sexual wellness has started to achieve significant recognition across the world.