earnings-analysis

SKILL.md 节选

# earnings-analysis

## Purpose

Create professional **季度/年度业绩点评报告**, analyzing results for global 上市公司（美股/港股/A 股为主，兼顾其他市场）already under coverage. Follow established sell-side research standards.

## Data Sources

### Tools

- **valuz-stock** — 实际/历史财务、指引、指标数值数据.
- **valuz-search** — 财报、电话会、公告、纪要检索.

Use **valuz-stock** to pull actual financials; use **valuz-search** to retrieve the underlying earnings reports, earnings-call transcripts, consensus research, and filings.

> **Symbol formats differ across the two servers:** valuz-stock 用裸代码（`AAPL` / `00700` / `600519`）；valuz-search 用 `market:ticker`（`US:AAPL` / `HK:00700` / `SH:600519`）。

```python
# 实际/历史财务 — valuz-stock (裸代码)
income_statement(symbol="AAPL", period="quarterly", limit=8)   → 利润表 (季度)
income_statement(symbol="AAPL", period="annual", limit=5)      → 利润表 (年度)
balance_sheet(symbol="AAPL", period="quarterly", limit=8)      → 资产负债表
cashflow_statement(symbol="AAPL", period="quarterly", limit=8) → 现金流量表
revenue_breakdown(symbol="AAPL", period="quarterly")           → 分业务/分地区收入
company_overview(symbol="AAPL")                                → 公司概览
stock_quote(symbol="AAPL")                                     → 行情, PE/PB/PS
earnings_calendar(symbol="AAPL")                               → 财报日历

# 财报原文 / 电话会 / 公告 / 一致预期 — valuz-search (market:ticker)
earnings_search(symbols=["US:AAPL"])      → 交易所财报
conferences_search(symbols=["US:AAPL"])   → 业绩电话会纪要/演示
filings_search(symbols=["US:AAPL"])       → 公告
reports_search(symbols=["US:AAPL"])       → 机构研报 / 一致预期
document_raw_content(...)                 → 取上述检索结果的原文（指引 vs 实际）
```

### Secondary Sources (via valuz-search)

- **交易所财报 / 公告** — retrieve with `earnings_search` / `filings_search`, pull full text with `document_raw_content` (covers SEC EDGAR、港交所披露易、巨潮资讯等各市场披露平台)
- **业绩电话会 / 业绩说明会** — `conferences_search` (纪要/演示), full text via `document_raw_content`
- **机构研报 / 一致预期** — `reports_search` (analyst consensus & sell-side views)

## Key Financial Terms (Chinese → English)

| Chinese | English | Notes |
|---------|---------|-------|
| 营业收入 | Revenue | Top-line, 按当地准则口径 |
| 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 coverage metric (US/HK: net income to shareholders) |
| 扣非净利润 | Net income (non-GAAP adj.) | Deducts one-time items; US/HK equivalent = adjusted / non-GAAP net income |
| 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 — actual via `income_statement` (valuz-stock); original filing via `earnings_search` + `document_raw_content` (valuz-search)
- Balance sheet and cash flow statement — `balance_sheet` / `cashflow_statement` (valuz-stock)
- Management commentary / 业绩说明会 / earnings-call transcript — `conferences_search` + `document_raw_content` (valuz-search)
- Company press release / 公告 — `filings_search` + `document_raw_content` (valuz-search)

**Verify against:**
- Previous quarter guidance (管理层指引) — pull from prior 电话会 via `conferences_search` + `document_raw_content`, compare to actuals

SKILL.md 不止这些内容，安装后可阅读全文。

技能包内容

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