@v587d/capital-generation 2.10.2 → 2.11.1

package/selected-skills/InvestSkill/plugins/us-stock-analysis/skills/research-bundle/SKILL.md

@@ -1,94 +0,0 @@
----
-name: research-bundle
-description: "Deprecated — use full-report instead. Chained multiple analysis skills into a unified investment thesis; superseded by full-report's configurable --depth and HTML output."
----
-
-# Research Bundle
-
-> **This skill has been unified into `full-report`.** Use `/us-stock-analysis:full-report` with a `--depth` flag instead:
-
-| Old Usage | New Equivalent |
-|-----------|---------------|
-| `/research-bundle AAPL --quick` | `/us-stock-analysis:full-report AAPL --depth quick` |
-| `/research-bundle AAPL` | `/us-stock-analysis:full-report AAPL --depth standard` |
-| `/research-bundle AAPL` (full) | `/us-stock-analysis:full-report AAPL --depth comprehensive` |
-
-The `full-report` skill absorbs everything research-bundle provided: the 5-phase framework, composite scoring weights, investment thesis narrative, conflict resolution rules, entry/exit strategy, and monitoring plan — plus HTML report output and configurable depth.
-
----
-
-## Composite Scoring Weights (Quick Reference)
-
-```
-Component                Weight    Sub-Score (0-10)
-─────────────────────────────────────────────────────
-Business Quality          25%      [competitor + fundamental]
-Valuation                 25%      [DCF + relative valuation]
-Market Signals            20%      [insider + institutional + earnings]
-Technical Setup           15%      [technical analysis timing]
-Risk Profile              15%      [short interest + options signals]
-─────────────────────────────────────────────────────
-COMPOSITE SCORE          100%      X.X / 10
-
-8.0–10.0  → Strong Buy   |  6.5–7.9  → Buy
-5.0–6.4   → Hold/Watch   |  3.5–4.9  → Underweight
-0.0–3.4   → Sell/Avoid
-```
-
----
-
-## 5-Phase Research Framework (reference)
-
-The original research-bundle framework — now executed automatically by `full-report`:
-
-**Phase 1 — Business Foundation** (competitor-analysis, sector-analysis)
-Assess economic moat width (Wide/Narrow/None), Porter's Five Forces, market share trajectory, and sector rotation positioning. Score: business quality 0–10.
-
-**Phase 2 — Valuation** (dcf-valuation, stock-valuation)
-DCF intrinsic value across 3 scenarios + comparable company multiples (EV/EBITDA, P/E, P/S). Probability-weighted composite IV. Upside/downside to fair value.
-
-**Phase 3 — Market Signals** (insider-trading, institutional-ownership, earnings-call-analysis)
-Net insider sentiment (Form 4 last 90 days), institutional accumulation/distribution (13F delta), management tone and guidance delta from last earnings call.
-
-**Phase 4 — Technical Setup** (technical-analysis)
-MA stack (30/60/90/200/365d), RSI, MACD, Ichimoku, multi-timeframe confluence. Entry price, target, stop-loss, R:R ratio. Timing signal for position entry.
-
-**Phase 5 — Risk & Options** (short-interest, options-analysis, economics-analysis)
-Short squeeze score, IV rank, put/call ratio skew, macro regime (yield curve, recession probability). Risk-adjusted position sizing.
-
-## Conflict Resolution Rules
-
-When skills disagree, apply these priority overrides:
-- Technical **SELL** + Fundamental **BUY** → **HOLD** (wait for technical confirmation)
-- Insider **BUY** + Short Interest extreme (>20%) → **CAUTION** (investigate divergence)
-- DCF **undervalued 30%+** + Technical **BULLISH** → **STRONG BUY** (conviction upgrade)
-- Macro **recession >60%** → override all bullish signals → **REDUCE/AVOID**
-- 3+ skills unanimous → allow confidence upgrade (MEDIUM → HIGH)
-
----
-
-## Depth Modes in full-report
-
-- **`--depth quick`** (5 modules): stock-eval, technical-analysis, dcf-valuation, insider-trading, earnings-call-analysis
-- **`--depth standard`** (10 modules): adds institutional-ownership, competitor-analysis, sector-analysis, options-analysis, short-interest
-- **`--depth comprehensive`** (15 modules): adds fundamental-analysis, stock-valuation, economics-analysis, financial-report-analyst, dividend-analysis
-
----
-
-```
-╔══════════════════════════════════════════════╗
-║              INVESTMENT SIGNAL               ║
-╠══════════════════════════════════════════════╣
-║ Signal:      BULLISH / NEUTRAL / BEARISH     ║
-║ Confidence:  HIGH / MEDIUM / LOW             ║
-║ Horizon:     SHORT / MEDIUM / LONG-TERM      ║
-║ Score:       X.X / 10                        ║
-╠══════════════════════════════════════════════╣
-║ Action:      BUY / HOLD / SELL               ║
-║ Conviction:  STRONG / MODERATE / WEAK        ║
-╚══════════════════════════════════════════════╝
-```
-
-Score Guide: 8.0–10.0 Strongly Bullish | 6.0–7.9 Moderately Bullish | 4.0–5.9 Neutral | 2.0–3.9 Moderately Bearish | 0.0–1.9 Strongly Bearish
-
-**Disclaimer:** Educational analysis only. Not financial advice.

package/selected-skills/china-stock-research-skills/skills/china-stock-research-orchestrator/SKILL.md

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----
-name: china-stock-research-orchestrator
-description: Orchestrate a full China stock research workflow by first identifying the company's analysis patterns, then selecting and sequencing the right core research skills, optional overlays, and final output structure. Use this skill when starting a new stock deep-dive or when a user wants one unified, source-backed research framework instead of isolated module outputs.
----
-
-# China Stock Research Orchestrator
-
-Route an A-share company through the right research workflow before doing deep analysis.
-
-## Non-Negotiable Rules
-
-- Preserve strict separation between `Facts`, `Interpretation`, and `Open Questions`.
-- Require every key fact and number to carry an accessible source link.
-- Prefer official disclosures, regulators, and public official portals over media and commentary.
-- Use this skill to orchestrate the workflow, not to replace the six core modules.
-- Default every intermediate and final output to Simplified Chinese unless the user explicitly requests another language.
-
-## Read First
-
-- `skills/shared/references/source-registry.md`
-- `skills/shared/references/citation-standard.md`
-- `skills/shared/references/company-disclosure-map.md`
-- `skills/shared/references/research-output-template.md`
-- `skills/shared/references/analysis-pattern-selector.md`
-- `skills/shared/references/language-output-standard.md`
-- `skills/china-stock-research-orchestrator/references/routing-matrix.md`
-- `skills/china-stock-research-orchestrator/references/sector-overlay-escalation-rules.md`
-- `skills/china-stock-research-orchestrator/references/final-output-contract.md`
-
-## Required Inputs
-
-- Company name and ticker if available
-- Research objective or key question
-- As-of date if the user cares about a specific cutoff
-- Optional hints about industry, business model, or suspected issues
-
-## When to Use
-
-- Start a fresh A-share stock deep-dive.
-- Turn a vague request like "analyze this stock" into a structured workflow.
-- Decide which of the six core modules are necessary before going deep.
-- Merge module outputs into one consistent research framework.
-
-## Workflow
-
-1. Identify the company's primary and secondary analysis patterns with `skills/shared/references/analysis-pattern-selector.md`.
-2. Use `skills/china-stock-research-orchestrator/references/routing-matrix.md` to decide which core modules are mandatory, optional, or skippable.
-3. Decide whether a sector overlay is needed using `skills/china-stock-research-orchestrator/references/sector-overlay-escalation-rules.md`.
-4. Run the selected modules in the right order, usually `strategy -> business -> financial -> industry -> risk -> valuation`.
-5. Require each module to return mergeable `事实`, `解读`, and `待验证问题` blocks in Simplified Chinese.
-6. Merge the outputs using `skills/china-stock-research-orchestrator/references/final-output-contract.md`.
-
-## Required Output
-
-- `公司概览与路由决策`: what patterns the company matches and why
-- `已选模块`: which core skills are required and why
-- `已选 overlays`: which optional overlays are loaded and why
-- `研究框架`: merged `事实`, `解读`, `待验证问题`, `监测指标`, and `情景与估值钩子`
-- `来源附录`: the source set used and any evidence limitations
-
-## Core Modules Available
-
-- `strategy-business-transition`
-- `business-decomposition-order-quality`
-- `financial-health`
-- `industry-competition-moat`
-- `risk-warning-catalysts`
-- `valuation-investment-strategy`
-
-## Boundaries
-
-- Do not directly replace deep analysis inside the six core skills.
-- Do not invent a pattern match if evidence is weak; mark uncertainty in `Open Questions`.
-- Do not produce unsupported target prices or thesis conclusions.
-- Do not merge module outputs into a single-layer narrative; keep evidence layering intact.

package/selected-skills/china-stock-research-skills/skills/china-stock-research-orchestrator/references/final-output-contract.md

@@ -1,62 +0,0 @@
-# Final Output Contract
-
-Merge module outputs into one research framework without collapsing evidence layers.
-
-Default the merged output to Simplified Chinese. See `skills/shared/references/language-output-standard.md`.
-
-## Required Section Order
-
-1. `公司概览与路由决策`
-2. `事实`
-3. `解读`
-4. `待验证问题`
-5. `监测指标`
-6. `情景与估值钩子`
-7. `来源附录`
-
-## Section Rules
-
-### 1. 公司概览与路由决策
-
-- State the company name, ticker, as-of date, and selected patterns.
-- State which core modules were run and why.
-- State which overlays were loaded and why.
-
-### 2. 事实
-
-- Include only source-backed facts.
-- Keep the citation with each key statement.
-- Tag the originating module when useful, for example `事实 | financial-health`.
-
-### 3. 解读
-
-- Explain what the facts likely mean.
-- Do not convert inference into fact.
-- Refer back to the supporting facts and sources.
-
-### 4. 待验证问题
-
-- State what is still unknown.
-- State the next source to check.
-- Keep open questions explicit instead of hiding uncertainty.
-
-### 5. 监测指标
-
-- Pull the highest-signal indicators from `risk-warning-catalysts`.
-- Attach thresholds and source paths where possible.
-
-### 6. 情景与估值钩子
-
-- Include only the assumptions and method hooks needed for valuation.
-- Do not force an exact target price if the evidence is incomplete.
-
-### 7. 来源附录
-
-- List the primary source set.
-- List important secondary source set.
-- Note inaccessible, conflicting, or incomplete evidence.
-
-## Merge Rule
-
-- Never merge facts and interpretation into one sentence if that hides the evidence boundary.
-- If two modules conflict, keep both views and explain the difference.

package/selected-skills/china-stock-research-skills/skills/china-stock-research-orchestrator/references/routing-matrix.md

@@ -1,34 +0,0 @@
-# Routing Matrix
-
-Use this matrix to decide which core modules to run.
-
-## Pattern to Module Routing
-
-| Pattern | Mandatory Modules | Common Optional Modules | Notes |
-| --- | --- | --- | --- |
-| Business-model transition | `strategy-business-transition`, `financial-health` | `risk-warning-catalysts`, `valuation-investment-strategy`, `industry-competition-moat` | Use when legacy and new business overlap |
-| Project or order-driven business | `business-decomposition-order-quality`, `financial-health` | `risk-warning-catalysts`, `valuation-investment-strategy`, `industry-competition-moat` | Revenue quality and cash conversion matter most |
-| Asset-heavy ramp | `financial-health`, `risk-warning-catalysts` | `strategy-business-transition`, `valuation-investment-strategy`, `industry-competition-moat` | Focus on capex, ramp-up, financing, utilization |
-| Cyclical or price-driven business | `industry-competition-moat`, `valuation-investment-strategy`, `risk-warning-catalysts` | `financial-health` | Separate cycle from moat |
-| Consumer channel and brand | `industry-competition-moat`, `business-decomposition-order-quality`, `risk-warning-catalysts` | `financial-health`, `valuation-investment-strategy` | Channel and sell-through quality matter |
-| Regulated healthcare or pharma | `industry-competition-moat`, `risk-warning-catalysts`, `valuation-investment-strategy` | `strategy-business-transition`, `financial-health` | Policy and approval cadence drive risk |
-| Export manufacturing and supply chain | `business-decomposition-order-quality`, `industry-competition-moat`, `financial-health` | `risk-warning-catalysts`, `valuation-investment-strategy` | Customer concentration, FX, and inventory matter |
-
-## Default Rule
-
-- If the company clearly matches one or two patterns, route by the matrix above.
-- If the company matches three or more patterns with similar weight, run all six modules.
-- If the business model is unclear, start with `strategy-business-transition`, `financial-health`, and `industry-competition-moat`, then expand.
-
-## Ordering Rule
-
-Default order:
-
-1. `strategy-business-transition`
-2. `business-decomposition-order-quality`
-3. `financial-health`
-4. `industry-competition-moat`
-5. `risk-warning-catalysts`
-6. `valuation-investment-strategy`
-
-Skip a module only when the pattern logic clearly makes it non-essential.

package/selected-skills/china-stock-research-skills/skills/china-stock-research-orchestrator/references/sector-overlay-escalation-rules.md

@@ -1,38 +0,0 @@
-# Sector Overlay Escalation Rules
-
-Use sector overlays only after the generic pattern is clear.
-
-## Escalation Principle
-
-- Start from the generic pattern.
-- Add a sector overlay only when sector-specific variables materially change at least two modules' evidence collection or judgment standard.
-
-## Good Reasons to Escalate
-
-- A regulated approval or reimbursement regime determines revenue timing.
-- Channel inventory and same-store behavior determine whether reported growth is real.
-- Commodity pricing, spread, or industry inventory dominate earnings.
-- Export exposure, tariffs, FX, and customer concentration materially reshape profitability.
-- Asset ramp-up, utilization, and financing structure dominate the thesis.
-
-## Typical Overlay Choices
-
-| Situation | Overlay |
-| --- | --- |
-| New business replacing old business | `skills/shared/references/business-model-transition-overlay.md` |
-| Revenue depends on contracts or backlog | `skills/shared/references/project-order-business-overlay.md` |
-| Capex, CIP, and utilization dominate | `skills/shared/references/asset-heavy-ramp-overlay.md` |
-| Spread and cycle dominate | `skills/shared/references/cyclical-price-driven-overlay.md` |
-| Brand and channel dominate | `skills/shared/references/consumer-channel-brand-overlay.md` |
-| Policy and approvals dominate | `skills/shared/references/regulated-healthcare-policy-overlay.md` |
-| Export customers and FX dominate | `skills/shared/references/export-manufacturing-supply-chain-overlay.md` |
-| IDC-specific implementation details matter | `skills/shared/references/idc-heavy-asset-transition-overlay.md` |
-
-## Rule for IDC and Similar Examples
-
-- IDC is an example overlay, not a default routing assumption.
-- Load it only after the company already matches broader patterns such as `business-model transition`, `project or order-driven business`, or `asset-heavy ramp`.
-
-## Output Reminder
-
-State explicitly why each overlay was loaded and which modules it affects.

package/selected-skills/claude-for-financial-services-cn/vertical-plugins/china-finance/skills/china-3-statement-model/SKILL.md

@@ -1,287 +0,0 @@
----
-name: china-3-statement-model
-description: Three-statement financial model for A-share stocks. Adapts the standard 3-statement-model methodology for Chinese accounting standards (CAS), Chinese GAAP differences, and AkShare-sourced financials. Use instead of the original 3-statement-model skill when building integrated IS/BS/CF models for Chinese listed companies.
----
-
-# china-3-statement-model
-
-## Purpose
-
-Build institutional-quality three-statement models (Income Statement / Balance Sheet / Cash Flow) for A-share equities, adapted for Chinese Accounting Standards (CAS) and the Chinese market context.
-
-## Key Differences from US 3-Statement Models
-
-| Parameter | US Model | China Model |
-|-----------|----------|-------------|
-| Accounting standard | US GAAP / IFRS | CAS (企业会计准则) |
-| Tax rate | 21% federal | 25% standard (高新技术企业 15%) |
-| Currency | USD | CNY (人民币) |
-| Fiscal year | Varied | Mostly Dec 31 year-end |
-| Revenue recognition | ASC 606 | CAS 14 (similar principles) |
-| Goodwill | Indefinite life (no amortization) | CAS 8 — goodwill amortized or tested |
-| R&D capitalization | Typically expensed | Can be capitalized under CAS |
-| VAT treatment | Sales tax separate | 增值税 often embedded in revenue/sales |
-| Unit reporting | USD | Often 千元 (thousands CNY) — verify |
-
-## Data Sources
-
-### Tier 0 — 万得 Wind（最全面付费数据）
-- 覆盖：A股/港美股/基金/指数/债券/宏观/研报/分析（44个工具）
-- MCP 服务：`wind-mcp`（需 `WIND_API_KEY` 密钥，以 `ak_` 开头）
-- 优势：全市场覆盖面最广、数据最全面、包含研报和量化分析
-- 密钥申请：https://aifinmarket.wind.com.cn/#/home
-
-### Tier 1 — 同花顺 iFind（付费精确数据）/ AkShare MCP（Tier-2 免费备选）
-
-```python
-get_financials(ticker, "income", "annual")   → 利润表
-get_financials(ticker, "balance", "annual")  → 资产负债表
-get_financials(ticker, "cashflow", "annual") → 现金流量表
-get_quote(ticker)                            → 实时行情
-get_historical_data(ticker)                  → 历史价格
-get_stock_info(ticker)                       → 公司基本信息
-```
-
-### Secondary Sources (when AkShare insufficient)
-- 巨潮资讯 (cninfo.com.cn) — mandatory disclosure filings
-- 上交所 / 深交所 — listed company announcements
-- 上证e互动 / 深交所互动易 — IR Q&A
-- 公司官网投资者关系页面
-
-## Workflow
-
-### Step 1: Data Retrieval
-
-Pull 3-5 years of historical financials from AkShare.
-
-**Verify units carefully:**
-- Some statements report in 元 (CNY)
-- Others in 千元 (thousands CNY)
-- Normalize to consistent unit before modeling
-
-```python
-# Pull all three statements
-get_financials(ticker, "income", "annual")
-get_financials(ticker, "balance", "annual")
-get_financials(ticker, "cashflow", "annual")
-```
-
-### Step 2: Historical Analysis
-
-Document key trends:
-
-- **Revenue growth**: YoY %, CAGR over 3-5 years
-- **Gross margin**: 毛利率 — track expansion/contraction
-- **Operating margin**: 营业利润率
-- **Net margin**: 净利率
-- **Tax rate**: 所得税率 — flag if below 25% (likely 高新技术企业)
-- **Effective tax rate**: vs statutory rate
-- **D&A**: 折旧与摊销 as % of PPE
-- **CapEx**: 资本支出 from cash flow statement
-- **Working capital**: 应收账款、存货、应付账款 trends
-- **Debt structure**: 有息负债 composition
-
-### Step 3: Build the Model
-
-Follow standard 3-statement modeling methodology, adapted for CAS:
-
-#### Income Statement (利润表)
-
-Key line items (Chinese naming):
-- 营业收入 (Revenue)
-- 营业成本 (COGS)
-- 税金及附加 (Taxes and surcharges — includes 消费税、城建税等)
-- 销售费用 (Selling expenses)
-- 管理费用 (G&A)
-- 研发费用 (R&D expenses — must be separated per CAS)
-- 财务费用 (Financial costs — net of interest income)
-- 营业利润 (Operating profit)
-- 营业外收入/支出 (Non-operating income/expenses)
-- 利润总额 (Profit before tax)
-- 所得税费用 (Income tax expense)
-- 净利润 (Net income)
-- 归属于母公司股东的净利润 (Net income attributable to parent)
-
-#### Balance Sheet (资产负债表)
-
-Key line items:
-- 货币资金 (Cash & equivalents)
-- 交易性金融资产 (Trading financial assets)
-- 应收账款 (Accounts receivable)
-- 预付款项 (Prepayments)
-- 存货 (Inventory)
-- 其他流动资产 (Other current assets)
-- 流动资产合计 (Total current assets)
-- 固定资产 (Fixed assets / PPE)
-- 在建工程 (Construction in progress)
-- 无形资产 (Intangible assets)
-- 商誉 (Goodwill — flag if >30% of equity)
-- 非流动资产合计 (Total non-current assets)
-- 资产总计 (Total assets)
-- 短期借款 (Short-term borrowings)
-- 应付账款 (Accounts payable)
-- 预收款项/合同负债 (Advance receipts / contract liabilities)
-- 一年内到期非流动负债 (Current portion of LT debt)
-- 流动负债合计 (Total current liabilities)
-- 长期借款 (Long-term borrowings)
-- 应付债券 (Bonds payable)
-- 非流动负债合计 (Total non-current liabilities)
-- 负债合计 (Total liabilities)
-- 股本 (Share capital)
-- 资本公积 (Capital reserve)
-- 盈余公积 (Surplus reserve)
-- 未分配利润 (Retained earnings)
-- 归属于母公司股东权益合计 (Parent equity)
-- 少数股东权益 (Minority interest)
-- 所有者权益合计 (Total equity)
-- 负债和股东权益总计 (Total liabilities + equity)
-
-#### Cash Flow Statement (现金流量表)
-
-Chinese indirect method:
-- 经营活动现金流量 (Operating CF):
-  - Start from 净利润
-  - Adjust: D&A, 财务费用, 投资收益, 营运资本 changes
-  - 经营活动产生的现金流量净额
-- 投资活动现金流量 (Investing CF):
-  - 购建固定资产/无形资产 (CapEx)
-  - 处置收回 (Asset sales)
-  - 投资支付/收回 (Investment purchases/sales)
-- 筹资活动现金流量 (Financing CF):
-  - 吸收投资 (Equity issuance)
-  - 取得借款 (Borrowings)
-  - 偿还债务 (Debt repayment)
-  - 分配股利 (Dividends)
-- 现金净增加额 (Net change in cash)
-- 期末现金余额 (Ending cash balance)
-
-### Step 4: Balance Checks
-
-**CRITICAL — Chinese-specific checks:**
-
-1. **Cash reconciliation**: 货币资金 (BS) = 期末现金余额 (CF) ± restricted cash
-2. **BS balancing**: 资产总计 = 负债和股东权益总计
-3. **RE roll-forward**: 期初未分配利润 + 本期净利润 - 提取盈余公积 - 现金分红 = 期末未分配利润
-4. **CF-IS linkage**: 净利润 (IS) → starting point for 经营CF
-5. **CapEx check**: 购建固定资产 (CF) ≈ 固定资产增加 (BS) + 累计折旧增加 (BS)
-6. **Debt check**: 借款变动 (CF) = 短期借款变动 + 长期借款变动 (BS)
-7. **Tax check**: 所得税费用 (IS) vs 实际缴纳 (CF indirect method add-back)
-
-### Step 5: Scenario & Sensitivity
-
-- Base / Bear / Bull scenarios
-- Sensitivity on revenue growth, gross margin, tax rate
-- Key drivers: 毛利率, 期间费用率, 营运资本效率
-
-## China-Specific Modeling Conventions
-
-### 增值税 (VAT)
-- Listed companies report 营业收入 net of VAT
-- 税金及附加 includes 消费税 but not VAT
-- VAT is off-balance-sheet in most models
-
-### 商誉 (Goodwill)
-- Common from M&A, especially 2015-2016 boom
-- Flag if 商誉 > 30% of 归母权益
-- Note annual impairment testing requirements
-
-### 研发费用 (R&D)
-- CAS requires R&D to be expensed (not capitalized like IFRS allows)
-- Some companies disclose R&D capitalization in notes — check if >5% of revenue
-
-### 折旧 (Depreciation)
-- Chinese companies often use straight-line over longer lives
-- Typical ranges:
-  - Buildings: 20-40 years
-  - Equipment: 5-10 years
-  - Vehicles: 4-6 years
-
-### 存货 (Inventory)
-- LIFO not permitted under CAS (FIFO or weighted average only)
-- 存货计价 affects margin comparability across years
-
-### 应收款项 (Receivables)
-- 应收账款 often high for industrial companies — check DSO
-- 应收票据 (notes receivable) vs 应收账款 (trade AR) — treat separately
-- 坏账准备 (allowance for doubtful accounts) varies by company
-
-### 借款 (Debt)
-- 短期借款 often high for leveraged companies
-- 长期借款 may include 一年内到期非流动负债
-- 应付债券 for corporate bond issuers
-- Interest expense in 财务费用 (net of interest income)
-
-## Excel Formatting (OpenPyXL / Office JS)
-
-Follow the same professional conventions as the base `xlsx-author` skill, with China-specific adaptations:
-
-- **Section headers**: Dark blue `#1F4E79` with white bold text
-- **Column headers**: Light blue `#D9E1F2` with black bold text
-- **Input cells**: Blue font (RGB: 0,0,255) — all hardcoded inputs
-- **Formula cells**: Black font (RGB: 0,0,0)
-- **Sheet links**: Green font (RGB: 0,128,0)
-- **Currency**: CNY (¥) with thousands separator
-- **Percentages**: 0.0% format
-- **Cell comments**: "Source: AkShare, [date], [field], [ticker]"
-
-### Number Format Conventions
-
-| Item | Format | Example |
-|------|--------|---------|
-| Revenue | ¥#,##0 | ¥12,345 |
-| Percentages | 0.0% | 15.3% |
-| Ratios | 0.00x | 2.50x |
-| Dates | YYYY | 2024 |
-| Stock price | ¥#,##0.00 | ¥158.50 |
-
-## Quality Checks
-
-Before delivering:
-
-- [ ] All three statements balance correctly
-- [ ] Cash from CF = Cash on BS
-- [ ] Retained earnings roll-forward ties
-- [ ] CapEx/Depreciation logic consistent
-- [ ] Debt changes tie between BS and CF
-- [ ] Tax rate reasonable (20-28% unless 高新技术企业)
-- [ ] All hardcoded inputs have cell comments
-- [ ] All formulas reference cells, no hardcodes in formulas
-- [ ] Scenario blocks structured correctly (Bear/Base/Bull)
-- [ ] Sensitivity analysis included
-
-## Common Pitfalls
-
-1. **Unit mismatch**: Mixing 元 and 千元 — always normalize
-2. **VAT confusion**: Double-counting VAT in revenue or COGS
-3. **Goodwill spike**: Forgetting large goodwill from acquisitions
-4. **Tax rate variance**: Assuming 25% when company is 高新技术企业 (15%)
-5. **R&D understatement**: CAS expenses all R&D, but some companies capitalize in notes
-6. **Receivables inflation**: 应收账款 much higher than revenue growth — flag
-7. **Short-term debt**: 短期借款 often high; don't miss current portion of LT debt
-8. **Minority interest**: 少数股东权益 can be significant for conglomerates
-
-## Data Source Priority
-
-1. **AkShare MCP** (primary) — real-time and historical A-share data
-2. **巨潮资讯** (cninfo.com.cn) — mandatory disclosures
-3. **交易所公告** — SH/SZ exchange filings
-4. **公司官网/IR** — supplementary data
-5. **Web search** — only if above insufficient, mark `[UNSOURCED]`
-
-## Output Checklist
-
-- [ ] Three-statement model fully linked (IS → BS → CF)
-- [ ] All balance checks pass
-- [ ] Historical + projected years included
-- [ ] Scenario analysis (Bear/Base/Bull)
-- [ ] Sensitivity tables
-- [ ] All hardcoded inputs sourced and commented
-- [ ] CAS conventions documented
-- [ ] Currency consistent (CNY)
-- [ ] File named: `[Ticker]_3StatementModel_[Date].xlsx`
-> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.
-> - `ifind-only` (strict): Use iFind only, error if unavailable
-> - `ifind-fallback` (default): iFind preferred, fallback to AkShare
-> - `akshare-only`: Skip iFind, use AkShare only
-> - `wind-only`: Wind only, error if unavailable
-> - `wind-fallback`: Wind first, fallback to iFind → AkShare