jwangkun china-ib-check-deck
Purpose
Quality-check A股投行材料 — comprehensive quality assurance for Chinese investment banking pitch decks and transaction materials.
Data Sources
Primary: iFind MCP (Tier-1 付费) / AkShare MCP (Tier-2 免费备选)
get_financials(ticker, "income") → Financial data verification
get_financials(ticker, "balance") → Balance sheet verification
get_quote(ticker) → Market data verification
Secondary Sources
- 巨潮 — source documents
- 审计报告 — reference financials
- 行业报告 — market data
Workflow
Step 1: Deck Structure Review
Structure checklist:
| Section | Required | Present | Quality |
|---|---|---|---|
| 封面 (Cover) | ✓ | ||
| 目录 (TOC) | ✓ | ||
| 交易概述 (Transaction Overview) | ✓ | ||
| 公司概览 (Company Overview) | ✓ | ||
| 行业分析 (Industry Analysis) | ✓ | ||
| 财务表现 (Financial Performance) | ✓ | ||
| 交易逻辑 (Investment Rationale) | ✓ | ||
| 估值 (Valuation) | ✓ | ||
| 风险提示 (Risk Factors) | ✓ | ||
| 附录 (Appendix) | ✓ |
Step 2: Data Accuracy Check
Data verification:
| Data Point | Source | Model/File | Match? | Notes |
|---|---|---|---|---|
| Revenue (latest) | 巨潮 | |||
| Net income (latest) | 巨潮 | |||
| EBITDA | Calculated | |||
| Market cap | iFind / AkShare | |||
| P/E | Calculated | |||
| P/B | Calculated | |||
| EV | Calculated | |||
| Net debt | Balance sheet | |||
| Share count | Annual report |
Tolerance levels:
- Revenue, profit: ±2%
- Balance sheet: ±1%
- Multiples: ±5%
- Market data: ±1%
Step 3: Financial Statement Review
Financial consistency checks:
| Check | Description | Pass |
|---|---|---|
| Revenue growth | Consistent across slides | ✓ |
| Margin trends | Consistent across slides | ✓ |
| Balance sheet totals | Assets = L + E | ✓ |
| Cash flow ties | Beginning + CF = Ending | ✓ |
| Debt schedule | Short + Long = Total | ✓ |
| Share count | Consistent throughout | ✓ |
Step 4: CAS Compliance
CAS-specific checks:
| Check | Description |
|---|---|
| Revenue | Net of VAT (不含税) |
| R&D | Expensed (unless capitalized per criteria) |
| Tax | 25% rate applied correctly |
| Minority interest | Separated from parent |
| 合同负债 | Recognized per CAS 14 |
| 信用减值损失 | CAS 22 model |
Step 5: Valuation Review
Valuation checks:
| Method | Check | Pass |
|---|---|---|
| DCF | WACC components reasonable | ✓ |
| DCF | Terminal growth < GDP | ✓ |
| DCF | FCF positive in base case | ✓ |
| Comps | Peer group appropriate | ✓ |
| Comps | Multiples reasonable range | ✓ |
| Football field | Consistent range | ✓ |
| Target price | Matches valuation | ✓ |
Step 6: Visual Quality
Design QA:
| Element | Check |
|---|---|
| 模板一致性 | All slides use same template |
| 字体 | Chinese fonts render correctly |
| 颜色 | Consistent color scheme |
| 图表 | All charts labeled, sourced |
| 表格 | Clean, readable format |
| 对齐 | Proper alignment throughout |
| 图片 | High resolution, appropriate |
| 页码 | Present and correct |
Step 7: Regulatory Compliance
Required elements:
| Element | Required | Present |
|---|---|---|
| 风险提示 | ✓ | |
| 免责声明 | ✓ | |
| 数据来源 | ✓ | |
| 评级说明 | ✓ | |
| 适当性提示 | ✓ |
Risk factors checklist:
- Market risk (市场风险)
- Industry risk (行业风险)
- Company-specific risk (公司风险)
- Policy risk (政策风险)
- Liquidity risk (流动性风险)
Step 8: Transaction-Specific Checks
M&A specific:
| Check | Description |
|---|---|
| Transaction rationale | Clear and compelling |
| Synergies | Quantified and realistic |
| Accretion/dilution | Calculated and shown |
| Integration plan | Mentioned |
| Regulatory approval | Identified |
Capital raising specific:
| Check | Description |
|---|---|
| Use of proceeds | Detailed and specific |
| Investor return | IRR / cash-on-cash |
| Market comparables | Similar transactions |
| Timing | Market window assessment |
Step 9: Cross-Reference Check
Cross-reference audit:
| Reference | Location | Correct? |
|---|---|---|
| Revenue figure | [Slide X] | |
| Net income | [Slide Y] | |
| Target price | [Slide Z] | |
| P/E multiple | [Slide W] | |
| Market cap | [Slide V] |
Step 10: QC Report
Standard QC output:
【Deck QC 报告】[Company/Transaction] [Date]
一、结构检查
完整性: [Pass/Fail]
逻辑性: [Pass/Fail]
二、数据准确性
财务数据: [Pass/Fail with notes]
市场数据: [Pass/Fail with notes]
估值数据: [Pass/Fail with notes]
三、CAS合规性
[Pass/Fail with notes]
四、设计质量
[Pass/Fail with notes]
五、监管合规
风险提示: [Pass/Fail]
免责声明: [Pass/Fail]
六、发现的问题
严重 (Critical):
[List]
中等 (Major):
[List]
轻微 (Minor):
[List]
七、建议修复
[Prioritized list]
总体评价: [Approve / Revise / Reject]
China-Specific QC Considerations
Common Issues in A-share Decks
| Issue | Detection | Fix |
|---|---|---|
| 收入含税 | VAT not removed | Divide by 1.13 |
| 税率错误 | Wrong rate | Verify 高新 status |
| 单位不一致 | Mixed 千元/万元 | Standardize |
| 会计政策 | Wrong treatment | Check CAS |
| 数据来源 | Missing citations | Add source |
| 风险提示 | Missing/incomplete | Add required risks |
Regulatory Requirements
| Requirement | Content |
|---|---|
| 风险揭示 | Standard risk factors |
| 免责声明 | Standard disclaimer |
| 适当性 | Suitability statement |
| 历史业绩 | Past performance disclaimer |
Quality Checks
Before approving:
- Structure complete
- Data verified
- CAS compliant
- Valuation sound
- Design quality
- Regulatory compliant
- All issues addressed
Data Source Mode Switch: Set env var
IFIND_DATA_SOURCE_MODEto control data source preference.ifind-only(strict): Use iFind only, error if unavailableifind-fallback(default): iFind preferred, fallback to AkShareakshare-only: Skip iFind, use AkShare only