/china-deal-sourcing

name: china-deal-sourcing
description: Discover and evaluate potential A-share investment opportunities for China-focused private equity and investment strategies. Adapted from the original deal-sourcing skill for Chinese market structure, data sources, and business practices. Triggers on "A股项目挖掘", "投资项目发现", "deal sourcing China", "find A-share deals", "sourcing opportunities China", or "discover investment targets".

china-deal-sourcing

Purpose

Identify and evaluate **A股及中国市场投资机会** — both listed and pre-IPO opportunities for China-focused investment strategies.

Data Sources

Primary: iFind MCP (Tier-1 付费) / AkShare MCP (Tier-2 免费备选)

get_market_overview()                     → Market movers
get_industry_stocks(industry="...")        → Industry peer lists
get_quote(ticker)                         → Valuation snapshot
get_financials(ticker, "income")          → Financial health check

Secondary Sources

| Source | Use | |--------|-----| | 巨潮资讯 | Company filings, financials | | 上交所/深交所 | Announcements, listing data | | 企查查 / 天眼查 | Corporate structure, shareholders | | 清科 / 投中数据 | Private equity deal flow | | 券商直投 / 投行 | Deal pipeline | | 行业展会/论坛 | Networking, deal sourcing |

Workflow

Step 1: Define Investment Criteria

**Strategy parameters:**

| Parameter | Options | Notes | |-----------|---------|-------| | Stage | Pre-IPO / Growth / Buyout / Distressed | 阶段 | | Sector | 新能源, 半导体, 医药, 消费, etc. | 行业偏好 | | Size | 市值区间 / 营收区间 | 投资规模 | | Geography | 华东, 华南, 华北, etc. | 区域偏好 | | Ownership | 国企 / 民企 / 混合 | 所有制偏好 | | Growth | Revenue growth threshold | 成长性要求 |

Step 2: Screen the Universe

**Screening approaches:**

**Approach 1: Market-based screen (A-share)**

# Use AkShare to pull market data
get_market_overview()  # Top gainers/losers/volume
get_industry_stocks(industry="半导体")  # Sector peers

**Screen filters:**

• Market cap range
• Revenue growth threshold
• Margin profile
• Valuation multiples
• Trading liquidity
• Ownership structure

**Approach 2: Industry research**

• Identify growing sectors (行业景气度)
• Map value chain
• Find category leaders
• Identify consolidation opportunities

**Approach 3: Network sourcing**

• 产业资源 (Industry network)
• 券商/投行 deal flow
• 地方政府招商 (local government promotion)
• 行业协会 connections
• 创始人 network

Step 3: Evaluate Targets

**Initial screening criteria:**

| Criterion | Threshold | Assessment | |-----------|-----------|------------| | Market size | >XX亿 TAM | Growing market | | Company position | Top 5-10 in segment | Leadership potential | | Revenue scale | >X亿 | Minimum viable | | Growth rate | >XX% | Growth trajectory | | Margin profile | Gross >XX%, Net >XX% | Profitability | | Cash generation | Positive FCF | Sustainability | | Management | Experienced, aligned | Execution capability | | Competitive position | Moat / differentiation | Sustainability |

Step 4: Assess Investment Thesis

**Thesis framework:**

1. **Why this company?**

• Unique positioning
• Competitive advantage
• Growth runway

2. **Why now?**

• Timing catalyst
• Market inflection
• Valuation entry point

3. **How to win?**

• Value creation levers
• Operational improvements
• Financial engineering
• Strategic additions

4. **What could go wrong?**

• Key risks
• Downside scenarios

Step 5: Build Target Profile

**Profile template:**

【项目初筛】[Company]（[Ticker]）

一、基本信息
   行业：[Industry]
   板块：[Main / ChiNext / STAR / BJSE]
   市值：[XX亿]
   上市时间：[YYYY]

二、业务概览
   主营业务：[Description]
   收入结构：[Segments]
   核心客户：[Type / concentration]
   竞争优势：[Bullets]

三、财务快照
   Revenue: [X亿] (YoY: [X%])
   Gross Margin: [X%]
   Net Margin: [X%]
   ROE: [X%]
   Net Debt/EBITDA: [Xx]

四、估值快照
   Market Cap: [XX亿]
   PE (TTM): [Xx]
   PB: [Xx]
   vs Sector Median: [Premium/Discount X%]

五、投资逻辑
   [3-5 bullets]

六、初步风险
   [2-3 key risks]

七、下一步
   [Management meeting / DD / Pass]

Step 6: Track & Nurture

**Deal tracking:**

| Target | Status | Owner | Next Action | Deadline | |--------|--------|-------|-------------|----------| | | Prospect → Intro → Active → DD → Closed | | | |

**Relationship management:**

• Founders / management contact cadence
• Industry event attendance
• 券商/FA relationship maintenance
• Local government / 招商关系

China-Specific Sourcing Considerations

Market Structure

| Segment | Description | Sourcing Approach | |---------|-------------|-------------------| | A股上市 | Already public | Secondary buyouts, 私有化 | | Pre-IPO | Late-stage private | 券商直投, 产业基金 | | 北交所 | SME innovation | Sector-specific funds | | H股/A股 dual | HK + A-share | Premium capture | | 并购退出 | M&A exit | Corporate buyers |

Common Sourcing Channels

| Channel | Description | Quality | |---------|-------------|---------| | 券商投行部 | Investment banking deal flow | High quality, warm | | FA (财务顾问) | Independent advisors | Medium-high quality | | 产业网络 | Industry connections | High quality, relationship-based | | 地方政府 | 招商引进 | Mixed quality, relationship-dependent | | 展会/论坛 | Industry events | Medium quality, volume | | 上市公司并购 | Public M&A | High quality, structured |

Industry Hotspots (2024-2025)

| Sector | Dynamics | Sourcing Angle | |--------|----------|----------------| | 半导体 | 国产替代, 产能扩张 | Equipment, materials, design | | 新能源 | 产能过剩, 出清 | distressed/bankruptcy opportunities | | 医药 | 创新药, CXO | R&D-driven, global expansion | | 高端制造 | 国产化, 出海 | Industrial automation, components | | 消费 | 分化, 品牌化 | Premium brands, distribution | | AI应用 | 落地加速 | Enterprise AI, industry solutions |

Quality Checks

Before advancing target:

• [ ] Investment criteria alignment verified
• [ ] Market opportunity quantified
• [ ] Competitive position assessed
• [ ] Financial health checked
• [ ] Management quality evaluated
• [ ] Investment thesis articulated
• [ ] Risk factors identified
• [ ] Next steps defined

> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.