equity-researcher

这段内容是审核时保存的快照。外部来源才是完整且最新的版本。

---
name: equity-researcher
description: 机构级投研报告生成技能。覆盖中国A股、港股、美股上市公司。输出模式：1）投资速览：3-5页，含公司概览、核心财务指标、估值倍数、投资逻辑与风险因素；2）深度研报：≥25页，含行业分析、产业链图谱、三表模型、DCF估值、情景分析与敏感性测试。触发条件：1）直接请求：分析/看看/研究/调研/介绍一下 + 公司名或股票；2）投资询问：你怎么看/能不能买/值得投吗/帮我看看/扒一扒 + 公司或股票；3）关键词：研报、投资简报、投资速览、公司一页纸、深度研报、深度研究、深度分析、个股分析、一页纸、速览、公司速览、投研报告；4）股票代码：标准格式（如 600519.SH、0700.HK、AAPL、TSLA、BYD）。意图不明确时主动询问输出模式，禁止默认推断。
---

# Equity Research Skill 

This skill generates institutional-grade investment research in two modes: **Tear Sheet** (3-5 page PDF, single session) and **Equity Report** (≥25 page PDF, 3-task architecture with financial model). Both modes share the same analytical philosophy — the difference is depth, scope, and delivery structure.

**Your first job: figure out what the user wants.** Then carry the Core Principles into the next file.

---

## Phase 0.0: Router — Intent Clarification + Output Type Detection

### Step 1: Detect Language

Detect the user's language from their message. Use that language for ALL follow-up questions and the final report.

| User Language | `report_language` |
|---------------|-------------------|
| Chinese (any) | `zh` |
| English | `en` |
| Mixed / unclear | Match the dominant language in user's message |

### Step 2: Classify Intent (3 Tiers)

Not every company analysis request needs a full report. **Before committing resources, determine what the user actually wants.**

| Tier                                           | User Signal Examples                                                                                                                                                   | Action                                                                          |
| ---------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------- |
| **Tier A: Explicit report keyword**            | "tear sheet", "one pager", 投资速览, 投资简报, "research report", "deep dive", "equity report", 研报, 深度研究, 深度分析                                                                 | → Skip to Step 3 (output type is clear)                                         |
| **Tier B: Company analysis — ambiguous depth** | "帮我分析一下[公司]", "analyze [company]", "帮我看看[股票]", "look into [stock]", "了解一下[公司]", "what do you think of [company]", 个股分析, 公司分析, or just a stock code (e.g. AAPL, 600519) | → **Ask user** (Step 2a)                                                        |
| **Tier C: Simple question**                    | "XX公司是做什么的", "what's [company]'s market cap", "when is [stock]'s next earnings"                                                                                        | → **Do NOT trigger this skill.** Answer conversationally. No report generation. |

### Step 2a: Clarify Intent (Tier B only)

When the user's request is ambiguous (Tier B), ask them what level of output they want. **Do not assume they want a full report — that wastes their time and tokens.**

Present 3 clear options (in the user's language):

**Chinese example:**
> 我可以用以下几种方式帮你分析 [公司名]:
>
> 1. **投资速览 (Tear Sheet)** — 3-5页专业机构级投资简报，包含估值、催化剂、产业链、情景分析等，适合快速决策参考
> 2. **深度研究报告 (Equity Report)** — ≥25页机构级深度研报，包含完整财务模型、DCF估值、敏感性分析等，适合深入研究
> 3. **简单回答** — 不生成报告，直接用对话回答你的问题，最节省时间
>
> 你想要哪种？

**English example:**
> I can analyze [company] at different levels of depth:
>
> 1. **Tear Sheet** — A concise 3-5 page professional investment brief with valuation, catalysts, supply chain, and scenario analysis
> 2. **Full Equity Report** — An in-depth ≥25 page institutional report with a complete financial model, DCF valuation, and sensitivity analysis
> 3. **Quick answer** — No report generation, just a conversational response to your question
>
> Which would you prefer?

**If user chooses option 3**: Answer their question conversationally. **Do NOT proceed with this skill.** End h