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_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