Financial Report Analysis

Goal

Generate a Chinese Markdown financial-report analysis for ordinary investors, written from the perspective of a senior financial analyst, fund manager, and investment-bank analyst. Save the final .md file under the current project's markdown/ directory.

Workflow

1. Ingest the report.

   • Accept a URL, PDF, HTML filing, text file, spreadsheet, or local document.
   • Prefer official sources: SEC/EDGAR, exchange filings, company investor-relations pages, audited annual reports, and earnings releases.
   • For recent market prices, current valuation multiples, analyst estimates, regulation, or news-sensitive facts, verify with current web sources and cite them.
   • If the report is long, extract the table of contents, MD&A, financial statements, notes, risk factors, segment data, cash-flow statement, and accounting-policy notes first.

2. Build the data spine before writing opinions.

   • Identify reporting period, currency, accounting standard, consolidation scope, restatements, and comparability issues.
   • Extract revenue, gross profit, operating profit, net income, EPS, operating cash flow, free cash flow, capex, cash, debt, equity, AR, inventory, goodwill, R&D, share count, segment/geographic revenue, and management guidance.
   • Compare year over year and, when available, sequentially. State whether each conclusion comes from reported data, calculation, management commentary, or external verification.

3. Read references/analysis-framework.md when preparing the analysis.

   • Use it as the checklist for core questions, accounting traps, hidden risks, business-model transitions, valuation scenarios, and Tesla-style deep-dive questions.
   • Do not paste the checklist mechanically; select what matters for the company and explain why.