A-Share Global Peer Matching Tool#

Overview#

This skill helps find overseas listed companies that can serve as benchmarks or peers for A-share (Chinese) listed companies. It matches companies based on product/service similarity and provides detailed comparison reports.

Dependencies#

Required Tools#

ToolPurposePriorityweb_searchSearch for global leaders, market share dataRequiredexecRun Python scripts for data fetchingRequiredreadRead reference filesOptional

Optional Skills (Enhancement)#

SkillPurposeBenefitifind-finance-dataQuery A-share company products/financialsHighest accuracytushare-dataA-share company basic infoStructured dataakshare-stockA-share market dataAlternative data source

Environment Variables#

VariableRequiredDescriptionTUSHARE_TOKENOptionalTushare API token. If not set, falls back to Web Search for company dataBRAVE_API_KEYOptionalBrave Search API key. System default available

Note: This skill works without any API keys by using Web Search fallback. API keys enhance data quality but are not mandatory.

Required Files (Bundled)#

FilePurposescripts/get_company_products.pyFetch A-share company product inforeferences/global_leaders_reference.mdQuick lookup table for global leaders

---

Workflow#

Step 1: Get A-Share Company Product Matrix#

Data Source Priority: iFinD (if skill available) > Tushare (if token set) > Web Search (always available)

Execute:

bash

python3 scripts/get_company_products.py --company "<company_name_or_code>" --output json

The script automatically:

1. Checks for TUSHARE_TOKEN environment variable
2. If available, queries Tushare API
3. If unavailable, returns recommended Web Search queries

Expected output:

• Main products/services (sorted by revenue %)
• Industry classification
• Revenue geography breakdown

Fallback: If script unavailable or no API token, use web_search with query:

• "<公司名> 主营业务 营收构成 2024"
• "<公司名> products revenue breakdown"

---

Step 2: Search for Global Peer Companies#

Search Strategy:

1. For each major product, search "global leader in [product_name]" or "[product_name] market share"
2. Prioritize US-listed companies (data easier to obtain), then Europe, Japan, Korea
3. Use web_search tool, label source as "Web Search"

Selection Criteria:

• MUST be publicly listed (exclude private companies)
• Prefer highest market share in same product category
• Higher product matrix overlap = higher priority

---

Step 3: Handle Special Cases#

Region-Specific Products

When A-share company products have strong regional/Chinese characteristics:

• Find overseas products with similar regional characteristics for analogy
• Examples:
  • Baijiu (白酒) → Whisky leader (Diageo)
  • Chinese condiments → Western condiments (McCormick)
• Mark as "类比对标 (Analogy Benchmark)" and explain logic

Diversified Business

When A-share company operates multiple product categories:

• First try to find single overseas company with highest product matrix overlap
• If impossible, benchmark by main product separately
• Example: Xiaomi (phone + IoT) → Apple (phone + IoT ecosystem), not separate benchmarks

---

Step 4: Get Market Share Data#

Search patterns:

text

"[company_name] [product] market share"
"[product] global market share ranking"
"[product] industry leaders 2024"

Label all data sources:

• 数据来源: Web Search (YYYY-MM-DD)
• 数据来源: iFinD API
• 数据来源: Tushare API

---

Step 5: Output Comparison Report (Chinese)#

Important: All output reports must be in Chinese for user readability.

Output template:

markdown

## A股公司 vs 海外对标

### A股公司：[公司名] ([股票代码])
- **主营产品**: [产品1] (营收占比 XX%), [产品2] (营收占比 XX%)
- **行业**: [行业分类]
- **地域特色**: [如有则说明]

### 海外对标 1：[公司名] ([股票代码] - [交易所])
- **主营产品**: [产品1] (营收占比 XX%), [产品2] (营收占比 XX%)
- **市场地位**: [描述]
- **市场份额数据**:
  - [产品1] 全球份额: XX% (数据来源: ...)
  - [产品2] 全球份额: XX% (数据来源: ...)

### 海外对标 2：[公司名] ([股票代码] - [交易所])
- **主营产品**: ...
- **市场地位**: ...

### 产品对比

| 产品维度 | A股公司 | 海外对标1 | 海外对标2 |
|---------|---------|----------|----------|
| [维度名] | [数值] | [数值] | [数值] |
| 毛利率 | XX% | XX% | XX% |
| 营收规模 | XX亿 | XX亿 | XX亿 |

### 对标逻辑说明
- [选择这家公司对标的原因]
- [地域特色类比依据，如有]

---
*数据获取时间: YYYY-MM-DD*

---

Examples#

Example 1: CATL (宁德时代)#

Input: "宁德时代的海外对标公司"

Workflow:

1. Query CATL main products: EV batteries (~70% revenue)
2. Search "global leader in EV battery"
3. Results: LG Energy Solution, Panasonic, Samsung SDI
4. Get market share data
5. Output Chinese comparison report

Example 2: Kweichow Moutai (贵州茅台)#

Input: "茅台对标哪家海外公司"

Workflow:

1. Identify Moutai products: Baijiu (strong regional characteristic)
2. Search "global leader in spirits"
3. Result: Diageo (whisky leader)
4. Mark as "类比对标: 白酒 vs 威士忌"
5. Output analogy comparison report in Chinese

Example 3: Innolight (中际旭创)#

Input: "中际旭创的海外对标"

Workflow:

1. Query: Optical transceivers (95.9% revenue)
2. Search "global optical transceiver market leader"
3. Results: Coherent, Lumentum
4. Special finding: Innolight is already #1 globally!
5. Output competition benchmark report, note leadership position

---

Resource Files#

scripts/#

• get_company_products.py - Fetch A-share company product info via Tushare or recommend Web Search fallback

references/#

• global_leaders_reference.md - Quick lookup table for global industry leaders

Read reference file to reduce redundant searches:

markdown

# Quick lookup example
- EV Battery → LG Energy Solution (373220.KRX), Panasonic (6752.TSE)
- Spirits → Diageo (DEO.NYSE), Brown-Forman (BF.A.NYSE)
- Optical Transceiver → Coherent (COHR.NYSE), Lumentum (LITE.NYSE)

---

Data Source Labeling Rules#

Data TypeLabel FormatA-share company products数据来源: iFinD API or 数据来源: Tushare API or 数据来源: Web SearchOverseas company info数据来源: Web Search (YYYY-MM-DD)Market share数据来源: Web Search (YYYY-MM-DD) + search keywordsEstimates/speculationExplicitly label 推测数据，需验证

---

Important Rules#

1. NEVER fabricate data - All market share figures must come from actual search results
2. Label uncertainty - Clearly state when data is incomplete
3. Max 2 peer companies - Avoid information overload, select most representative
4. Prioritize listed companies - Exclude private companies (e.g., Bosch, Deloitte)
5. Output in Chinese - User-facing reports must be in Chinese for readability
6. Check leadership position - Some A-share companies may already be global leaders (e.g., Innolight, CATL)
7. Graceful fallback - If API tokens unavailable, use Web Search instead of failing

---

Special Cases Handling#

Case 1: A-Share Company is Global Leader#

When A-share company already ranks #1 globally:

• Change framing from "对标学习" to "竞争对标" (competition benchmark)
• Note that overseas companies are competitors, not learning targets
• Focus on competitive dynamics, technology divergence, customer overlap

Example: 中际旭创 (Innolight) surpassed Coherent to become #1 optical transceiver supplier in 2024.

Case 2: No Direct Global Peer#

When no listed overseas company produces exact same product:

• Use analogy benchmarking
• Explain analogy logic clearly
• Note limitations of analogy comparison

Example: 中国中药 → Western herbal supplements (GNC, privatized, limited options)

Case 3: Multiple Product Categories#

When company has diversified business:

• Try to find single comprehensive peer first
• If impossible, benchmark main product only
• Note "多元化经营，仅对标主营业务"

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Quality Checklist#

Before outputting report, verify:

• All revenue percentages backed by data sources
• Market share figures labeled with source
• Overseas companies confirmed as publicly listed
• Special cases (regional products, diversified) handled properly
• Report language is Chinese
• Data timestamp included
• If A-share company is global leader, noted in report