# China Earnings Analysis

> Post-earnings quarterly update reports for A-share companies under coverage. Analyzes 业绩快报/正式财报, generates variance tables (actual vs 一致预期 vs prior), flags key drivers, and drafts structured earnings notes in Chinese sell-side format. Use instead of the original earnings-analysis skill for Chinese equities. Triggers on "A股财报分析", "季度业绩点评", "年报/中报点评", "earnings review", or "[company] earnings".

- **Type:** Skill
- **Install:** `agentstack add skill-jwangkun-claude-for-financial-services-cn-china-earnings-analysis`
- **Verified:** Yes — security-reviewed for prompt injection and unsafe behavior
- **Seller:** [jwangkun](https://agentstack.voostack.com/s/jwangkun)
- **Installs:** 0
- **Category:** [Agent Skills](https://agentstack.voostack.com/c/agent-skills)
- **Latest version:** 0.1.0
- **License:** Apache-2.0
- **Upstream author:** [jwangkun](https://github.com/jwangkun)
- **Source:** https://github.com/jwangkun/claude-for-financial-services-cn/tree/main/agent-plugins/china-market-researcher/skills/china-earnings-analysis

## Install

```sh
agentstack add skill-jwangkun-claude-for-financial-services-cn-china-earnings-analysis
```

Requires the [AgentStack CLI](https://agentstack.voostack.com/docs/cli). Works with Claude Code, Cursor, and any MCP-compatible agent.

## About

# china-earnings-analysis

## Purpose

Create professional **A股季度/年度业绩点评报告**, analyzing results for companies already under coverage. Follow Chinese sell-side research standards (中金、中信、华泰 format).

## Data Sources

### Primary: iFind MCP (Tier-1 付费) / AkShare MCP (Tier-2 免费备选)

```python
get_financials(ticker, "income", "quarterly")   → 利润表 (季度)
get_financials(ticker, "income", "annual")      → 利润表 (年度)
get_financials(ticker, "balance", "quarterly")  → 资产负债表
get_financials(ticker, "cashflow", "quarterly") → 现金流量表
get_quote(ticker)                               → 实时行情, PE/PB
get_historical_data(ticker)                     → 股价表现
# News (china-news MCP — separate server)
get_stock_news(ticker="{{TICKER}}")          → 相关新闻
```

### Secondary Sources

- **巨潮资讯** (cninfo.com.cn) — 正式财报 PDF (mandatory)
- **上证e互动 / 深交所互动易** — 投资者关系 Q&A
- **公司官网** — 业绩说明会 (earnings call) 材料
- **慧博投研 / 同花顺 iFinD** — 一致预期数据
- **Wind / Choice** — institutional consensus (if available)

## Key Financial Terms (Chinese → English)

| Chinese | English | Notes |
|---------|---------|-------|
| 营业收入 | Revenue | Top-line, net of VAT |
| 营业成本 | COGS | Cost of goods sold |
| 毛利率 | Gross margin | 营业利润/营业收入 |
| 营业利润 | Operating profit | 核心经营利润 |
| 归母净利润 | Net income attributable to parent | Key metric for A-share coverage |
| 扣非净利润 | Net income (non-GAAP adj.) | Deducts one-time items |
| 净利润 | Net income | May include minority interest |
| 经营活动现金流 | Operating CF | 经营现金流 |
| 资本支出 | CapEx | 购建固定资产 |
| 有息负债 | Interest-bearing debt | 有息负债 |
| 每股收益 (EPS) | Earnings per share | 基本EPS / 稀释EPS |

## Workflow

### Step 1: Pull the Earnings Print

**Data to collect:**
- Current quarter / full year income statement (from 巨潮 PDF or iFind/AkShare)
- Balance sheet and cash flow statement
- Management commentary / 业绩说明会 transcript
- Company press release (投资者关系活动记录表)

**Verify against:**
- Previous quarter guidance (管理层指引)
- Consensus estimates (一致预期) if available

### Step 2: Build the Variance Table

**Required columns:**

| Item | 实际 (Actual) | 一致预期 (Consensus) | 上次预测 (Prior) | 同比 (YoY) | 环比 (QoQ) | Surprise |
|------|---------------|---------------------|------------------|------------|------------|----------|
| 营业收入 | | | | | | |
| 毛利率 | | | | | | |
| 归母净利润 | | | | | | |
| EPS (基本) | | | | | | |
| 经营现金流 | | | | | | |

**Surprise calculation:**
- Beat/Miss % = (Actual - Consensus) / |Consensus| × 100%
- Flag:
  - **大幅超预期**: >+10%
  - **符合预期**: -10% to +10%
  - **低于预期**: 50%
- 业绩快报 (earnings flash): optional, typically 10 days before full report
- Full annual report: 4 months after year-end
- Semi-annual report: 2 months after H1
- Quarterly report: 1 month after quarter-end

### Accounting Nuances
- 扣非净利润 (non-GAAP net income) widely used by analysts
- 其他收益 (other income) can mask core operating performance
- 政府补助 (government subsidies) significant for some sectors
- 资产减值损失 (asset impairment) — flag if unexpectedly large
- 股份支付 (share-based compensation) — expensed immediately under CAS

### Market Context
- 涨跌停 limits affect post-earnings price action (±10% main board, ±20% 创业板/科创板)
- Northbound flow (北向资金) may react strongly to earnings
- Retail investor participation high → earnings can cause outsized moves

## Source Citations

**Format for data citations:**

```
Source: 巨潮资讯, [Company] 2024 年年度报告, p.[X], [URL if applicable]
Source: iFind ifind_get_stock_financials / AkShare get_financials(ticker="{{TICKER}}", statement_type="income", period="quarterly")
Source: 慧博投研, [Company] 盈利预测, accessed [Date]
Source: 同花顺 iFinD, 一致预期数据, accessed [Date]
```

**For figures not from primary sources:**
```
[UNSOURCED] — estimate based on [rationale]
```
> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.
> - `ifind-only` (strict): Use iFind only, error if unavailable
> - `ifind-fallback` (default): iFind preferred, fallback to AkShare
> - `akshare-only`: Skip iFind, use AkShare only

## Source & license

This open-source skill is cataloged on AgentStack and links to its original source — we do not rehost the code.

- **Author:** [jwangkun](https://github.com/jwangkun)
- **Source:** [jwangkun/claude-for-financial-services-cn](https://github.com/jwangkun/claude-for-financial-services-cn)
- **License:** Apache-2.0

Install and usage instructions live in the source repository linked above.

## Pricing

- **Free** — Free

## Security capabilities

Automated source analysis of v0.1.0 — what this tool can access:

- **Network access:** no
- **Filesystem access:** no
- **Shell / process execution:** no
- **Environment & secrets:** no
- **Dynamic code execution:** no

*"Yes" means the capability is present in the source — more access means more to trust, not that it is unsafe.*


## Versions

- **0.1.0** — security scan: passed — Imported from the upstream source.

## Links

- Listing page: https://agentstack.voostack.com/l/skill-jwangkun-claude-for-financial-services-cn-china-earnings-analysis
- Seller: https://agentstack.voostack.com/s/jwangkun
- Browse the marketplace: https://agentstack.voostack.com/browse

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