# Industry Key Indicator Reference

## General Indicators

| Indicator | Meaning | Purpose |
|-----------|---------|---------|
| Market Size | Total industry revenue/transaction volume | Assess industry scale |
| CAGR | Compound Annual Growth Rate | Assess growth phase |
| CR4 / CR8 | Combined market share of top 4/8 firms | Assess concentration |
| HHI | Herfindahl-Hirschman Index (sum of squared market shares × 10000) | Assess competitive intensity |
| Median Gross Margin | Typical industry profitability level | Assess profit potential |
| Entry Barrier Index | Composite capital/technology/policy barriers | Assess new entrant threat |

## Core Indicators by Industry Type

### Consumer Goods
- Market size & growth rate
- Penetration rate (current vs. ceiling)
- Brand concentration
- Channel structure (online/offline split)
- Repurchase rate / average order value
- Consumer NPS

### Technology / SaaS
- TAM / SAM / SOM
- ARR / MRR growth rate
- Customer Acquisition Cost (CAC)
- Customer Lifetime Value (LTV)
- LTV/CAC ratio
- Net Revenue Retention (NRR)
- R&D spending ratio

### Manufacturing
- Capacity scale & utilization rate
- Fixed asset investment growth rate
- Inventory turnover days
- Raw material price index
- Export/domestic sales ratio
- Automation rate

### Energy / Resources
- Reserves / recoverable years
- Output & capacity utilization
- Price trends & volatility
- Policy subsidies & carbon pricing
- Alternative energy penetration rate

### Finance
- Asset scale & growth rate
- NPL ratio / provision coverage ratio
- Net Interest Margin (NIM)
- ROE / ROA
- Capital adequacy ratio
- Regulatory policy changes

### Healthcare
- Healthcare expenditure growth rate
- Drug review & approval volume
- Clinical trial phase distribution
- Hospital/bed density
- Per capita healthcare spending
- Aging-related indicators

### Real Estate
- New construction starts / completions area
- Sales area & average price
- Inventory absorption cycle
- Land transfer fees
- Mortgage interest rates
- Policy easing/tightening signals

## Data Source Recommendations

Proactively search the following sources for the latest data during analysis:
- National statistics bureau / industry association annual reports
- Listed company financial reports & prospectuses
- Brokerage/consulting firm industry research reports
- Professional databases (Wind, Bloomberg, etc.)
- Industry vertical media & white papers

When precise data is unavailable, provide reasonable estimates based on public information and mark as "Estimated".