china-competitive-analysis

Purpose

Analyze A股行业竞争格局, mapping competitive dynamics for Chinese companies and industries.

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）

get_industry_stocks(industry="...")    → Full peer list
get_quote(ticker)                     → Valuation, market cap
get_financials(ticker, "income")      → Revenue, margins
get_financials(ticker, "balance")     → Assets, debt
get_stock_info(ticker)                → Business description

Secondary Sources

• 巨潮年报 — detailed segment data
• 券商行业报告 — analyst competitive analysis
• Wind / Choice — market share data
• 行业协会 — industry statistics

Workflow

Step 1: Map the Competitive Set

Industry definition:

# Get full industry composition
get_industry_stocks(industry="白酒")

Tier the competitors:

Tier	Description	Examples
Tier 1 (龙头)	Market leaders, >10% share	{{SECTOR_LEADER}} ({{EXAMPLE_SECTOR}})
Tier 2 (挑战者)	Strong #2-5, growing share	{{CHALLENGER_1}}, {{CHALLENGER_2}}
Tier 3 (跟随者)	Niche players, regional	{{NICH_PLAYER}}
Tier 4 (边缘)	Declining or niche	{{LOW_END_PLAYER}}

Step 2: Competitive Comparison Matrix

Core comparison table:

Company	Revenue (亿)	YoY	Gross Margin	Net Margin	ROE	Market Cap (亿)	PE (TTM)	Market Share

Expand with competitive dimensions:

Dimension	Leader	Challenger 1	Challenger 2	Follower
品牌力 (Brand)
渠道能力 (Distribution)
产品力 (Product quality)
成本优势 (Cost advantage)
研发投入 (R&D)
国际化 (International)

Step 3: Market Share Analysis

Share trends:

Company	2020	2021	2022	2023	2024E	Trend
						↑ / → / ↓

Concentration metrics:

• CR3, CR5, CR10 (top 3/5/10 concentration)
• HHI (Herfindahl-Hirschman Index)
• Market share distribution

Step 4: Competitive Positioning

Positioning map:

For 2x2 matrices, use:

• X-axis: Price (价格) or Scale (规模)
• Y-axis: Quality (品质) or Growth (增速)

Example for {{EXAMPLE_SECTOR}}:

         高端/品质
           |
   {{SECTOR_LEADER}}    |   {{CHALLENGER_1}}/{{CHALLENGER_2}}
           |
   {{NICH_PLAYER}} |   {{NATIONAL_BRAND}}
           |
           |________________
              低端/性价比    高端/溢价

Step 5: Barriers to Entry

China-specific barriers:

Barrier Type	Examples
品牌护城河	Consumer brand loyalty, 品牌认知
渠道壁垒	Distribution network, 经销商体系
规模效应	Cost advantages from scale
技术壁垒	Patents, know-how, 技术积累
牌照/资质	Regulatory licenses, 牌照
资金壁垒	Capital requirements
政策壁垒	Industry access restrictions
数据壁垒	Data network effects

Step 6: Threat Assessment

New entrants:

• Likely sources (related industries, overseas)
• Barriers effectiveness

Substitutes:

• Alternative products/services
• Switching costs

Supplier power:

• Input concentration
• Price volatility (e.g., 原材料)

Buyer power:

• Customer concentration
• Switching costs

Rivalry intensity:

• Number and size of competitors
• Industry growth rate
• Differentiation level
• Exit barriers

Step 7: Competitive Dynamics

Historical evolution:

• How has competitive landscape changed?
• What drove shifts (policy, technology, demand)?

Current dynamics:

• Price competition (价格战)
• Capacity expansion
• M&A activity
• New product launches

Future outlook:

• Likely consolidation?
• New entrants?
• Technology disruption?

China-Specific Considerations

Industry Structure

Pattern	Description	Example Industries
寡头垄断	Few large players	白酒 (top 5 >80%)
分散竞争	Fragmented, many players	餐饮, 零售
区域割据	Regional champions	啤酒, 食品加工
龙头集中	Consolidating toward leaders	家电, 医药流通

Competitive Behavior

• 价格战 (price wars) — common in commoditized sectors
• 渠道争夺 (channel competition) — 经销商, 线上平台
• 产能扩张 (capacity race) — leads to overcapacity
• 并购整合 (consolidation M&A) — industry rationalization
• 国际化 (going global) — emerging competitive frontier

Government Role

• 产业政策 shapes competitive dynamics
• 国企 vs 民企 competitive dynamics
• 地方保护 (local protectionism) in some industries
• 反垄断 enforcement affects market structure

Output Format

Standard competitive analysis deliverable:

【行业】竞争格局分析

一、行业概述
   市场规模, 增速, 发展阶段

二、竞争地图
   Tier划分, 市场份额

三、核心竞争要素
   各玩家优势对比

四、竞争动态
   价格, 渠道, 产能, 并购

五、壁垒分析
   进入壁垒, 现有壁垒有效性

六、趋势展望
   行业整合, 新进入者, 技术变革

七、结论与启示
   投资/战略含义

Quality Checks

Before delivering:

• Competitive set complete and relevant
• Market share data sourced
• Comparison matrix comprehensive
• Barriers analyzed
• Competitive dynamics explained
• Forward outlook included
• Strategic implications drawn

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