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From china-model-builder
Forensic financial analysis for A-share companies, identifying discrepancies, irregularities, and earnings quality issues in Chinese financial statements using CAS accounting red flags.
How this skill is triggered — by the user, by Claude, or both
Slash command
/china-model-builder:china-break-traceThe summary Claude sees in its skill listing — used to decide when to auto-load this skill
Conduct **A股财务核查** — forensic analysis to identify potential issues in Chinese financial statements.
Conduct A股财务核查 — forensic analysis to identify potential issues in Chinese financial statements.
get_financials(ticker, "income") → Revenue, profit trends
get_financials(ticker, "balance") → Balance sheet anomalies
get_financials(ticker, "cashflow") → Cash flow quality
Revenue red flags:
| Indicator | Check | Red Flag |
|---|---|---|
| 应收账款/收入 | AR / Revenue | >40% or rising fast |
| 应收账款增速 vs 收入增速 | Growth comparison | AR growing >> Revenue |
| 经营活动现金流/净利润 | OCF / Net Income | <0.5 or negative |
| 收入确认政策 | Notes review | Aggressive recognition |
| 客户集中度 | Top customers | >30% from one customer |
| 关联交易 | Related party | High % of revenue |
Revenue quality score:
| Metric | Score (1-5) | Notes |
|---|---|---|
| OCF/NI ratio | 5 = OCF >> NI | |
| AR days | 5 = low/stable | |
| Revenue concentration | 5 = diversified | |
| Growth quality | 5 = organic, recurring | |
| Cash conversion | 5 = excellent |
Profit red flags:
| Indicator | Check | Red Flag |
|---|---|---|
| 营业利润 vs 净利润 | Operating profit vs net | Large gap |
| 非经常性损益 | Non-recurring items | >20% of profit |
| 政府补助 | Government subsidies | High % of profit |
| 资产减值 | Impairments | Irregular timing |
| 投资收益 | Investment income | Unsustainable |
| 毛利率趋势 | Gross margin | Unexplained changes |
Profit decomposition:
净利润 = 营业利润 + 营业外收支 - 所得税
分析重点:
1. 营业利润占比 (营业利润/净利润): 应>80%
2. 非经常性损益: 识别一次性项目
3. 政府补助依赖度: 补助/净利润
4. 减值损失波动: 是否平滑利润?
Cash flow analysis:
| Metric | Formula | Healthy | Concern |
|---|---|---|---|
| OCF/NI | OCF / Net Income | >1 | <0.5 |
| FCF | OCF - CapEx | Positive | Negative |
| OCF/Revenue | OCF / Revenue | >5% | <0% |
| 投资活动现金流 | Investing CF | Outflows (growth) | Large inflows (asset sales?) |
Cash flow quality score:
| Indicator | Healthy | Warning |
|---|---|---|
| OCF consistently positive | ✓ | Negative OCF |
| OCF tracks NI | ✓ | Large divergence |
| CapEx sustainable | ✓ | CapEx >> OCF |
| No frequent asset sales | ✓ | Asset disposal income |
Balance sheet checks:
| Area | Red Flags |
|---|---|
| 货币资金 | Large cash + high debt (possible restriction) |
| 应收账款 | Rapid growth, aging issues |
| 其他应收款 | Unusually large (possible tunneling) |
| 存货 | Rapid growth, no explanation |
| 在建工程 | Never completed (capitalized costs?) |
| 商誉 | High % of equity (>30%) |
| 长期待摊费用 | Unusually large |
| 负债 | Off-balance sheet items |
Specific balance sheet ratios:
| Ratio | Formula | Concern |
|---|---|---|
| 有息负债/净资产 | Interest-bearing debt / Equity | >100% |
| 货币资金/有息负债 | Cash / Interest-bearing debt | <0.3 |
| 商誉/净资产 | Goodwill / Equity | >30% |
| 其他应收款/资产 | Other receivables / Total assets | >5% |
| 存货周转天数 | Inventory days | Sudden increase |
Related party red flags:
| Indicator | Check |
|---|---|
| 关联交易金额 | % of revenue/costs |
| 关联交易定价 | Arm's length? |
| 关联应收应付 | Balances with related parties |
| 资金占用 | Funds tied up with related parties |
| 担保 | Guarantees for related parties |
Common tunneling mechanisms:
Earnings management indicators:
| Method | Detection |
|---|---|
| 费用资本化 | CapEx unusual, D&A low |
| 收入提前确认 | AR rising, 预收账款 falling |
| 费用延后确认 | AP falling, accrued expenses low |
| 减值选择性计提 | Timing of impairments |
| 会计政策变更 | Policy change benefits |
| 估计变更 | Reserve changes |
Beneish M-Score (adapted for China):
| Variable | Calculation |
|---|---|
| DSRI | Days sales in receivables change |
| GMI | Gross margin deterioration |
| AQI | Asset quality index |
| SGI | Sales growth index |
| DEPI | Depreciation index |
| SGAI | SG&A index |
| LVGI | Leverage index |
| TATA | Total accruals / Total assets |
Audit report review:
| Item | Review |
|---|---|
| 审计意见 | Standard / Modified / Adverse |
| 强调事项段 | Any emphasis of matter? |
| 关键审计事项 | Key audit matters |
| 审计师变更 | Recent change? |
| 审计费用 | Unusual changes? |
Filing review:
Regulatory red flags:
| Source | Signals |
|---|---|
| 交易所问询函 | Inquiry letters |
| 证监会关注函 | Regulatory attention |
| 行政处罚 | Fines, penalties |
| 交易所纪律处分 | Disciplinary actions |
| 投资者诉讼 | Shareholder lawsuits |
| Pattern | Description | Detection |
|---|---|---|
| 虚增收入 | Fictitious revenue | AR anomaly, tax mismatch |
| 虚减成本 | Understate costs | Margin anomaly |
| 关联交易非关联化 | Related party disguised | Customer/supplier analysis |
| 资金循环 | Round-tripping | Cash flow analysis |
| 资产置换 | Asset swapping | Unusual asset changes |
| 会计估计操纵 | Estimate manipulation | Reserve changes |
Before delivering report:
Searches MemPalace before answering questions about past work, people, projects, or prior decisions. Returns verbatim stored content instead of guessing from model memory.
Guides Payload CMS config (payload.config.ts), collections, fields, hooks, access control, APIs. Debugs validation errors, security, relationships, queries, transactions, hook behavior.
Implements vector databases with Pinecone, Weaviate, Qdrant, Milvus, pgvector for semantic search, RAG, recommendations, and similarity systems. Optimizes embeddings, indexing, and hybrid search.
npx claudepluginhub jwangkun/claude-for-financial-services-cn --plugin china-model-builder