financial-report-analysis

name financial-report-analysis description Analyze company annual reports, quarterly reports, 10-K/10-Q filings, earnings releases, shareholder letters, or financial-report PDFs/URLs/files and produce a professional Chinese Markdown report for ordinary investors. Use when the user provides a company financial report address or local file and asks for 财报分析, 年报解读, 季报解读, 10-K/10-Q analysis, earnings analysis, investment reference, accounting red-flag detection, valuation discussion, or beginner-friendly explanation saved to the current project's markdown directory. 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 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. 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. 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. Write for two audiences at once. Give institutional-quality judgment, but explain specialist terms in plain language at first use. For every important ratio or accounting term, add the business logic: "why this number matters", "what can go wrong", and "what a normal investor should check next". Use examples and counterexamples when they clarify a causal chain. Produce an investment-reference view, not personalized financial advice. Provide a clear stance such as 积极关注 , 中性观望 , 谨慎 , or 回避 , with explicit assumptions. Separate base, bull, and bear cases. Explain what evidence would make the view change. If valuation depends on speculative businesses, value the mature business and option-like business separately. Save the output. Create markdown/ in the current project if needed. Use a deterministic filename such as markdown/<company>-<period>-financial-report-analysis.md . Include source links or local file names, extraction date, and a short limitation note for missing or unaudited data. Required Markdown Structure Use this structure unless the user asks for a different format: # <公司> <期间>财报深度解读 ## 0. 结论先行 ## 1. 这家公司到底靠什么赚钱 ## 2. 收入结构与增长质量 ## 3. 毛利率、费用率与盈利能力 ## 4. 现金流与利润质量 ## 5. 资产负债表健康度 ## 6. 财报里的坑与反常信号 ## 7. 业务前景与关键变量 ## 8. 估值与投资参考 ## 9. 小白投资者应该学会的分析方法 ## 10. 关键风险、反证条件与后续跟踪清单 ## 数据来源与局限 Quality Bar Be sharp, but do not overclaim. Tie every strong opinion to report data, historical comparison, peer comparison, management disclosure, or authoritative external evidence. Do not generalize from one isolated example. If using cases such as 康美药业, Enron, WorldCom, WeWork, GE, Amazon AWS, Apple services, Adobe subscription transition, or Netflix content-capex debates, state what the case proves and what it does not prove. Surface assumptions. If an assumption breaks, provide the alternative interpretation instead of forcing the original thesis. Distinguish accounting profit from cash profit, growth from growth quality, and valuation from business quality. For Chinese output, keep professional terms in Chinese with English abbreviations where useful, for example 经营活动现金流 OCF and 自由现金流 FCF .