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)

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