/china-sector-overview

name: china-sector-overview
description: Comprehensive A-share sector and industry landscape reports — market size, competitive positioning, policy environment, key A-share players, trading multiples, and thematic trends. Adapted from the original sector-overview skill for Chinese market structure and terminology. Triggers on "A股行业分析", "行业研究", "板块分析", "sector overview China", "A-share sector deep dive", "白酒/半导体/新能源 行业分析", or "[industry] landscape China".

china-sector-overview

Purpose

Create comprehensive **A股行业/板块深度报告** covering market dynamics, competitive positioning, regulatory environment, key players, trading multiples, and thematic trends.

Data Sources

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

get_industry_stocks(industry="白酒")     → 板块成分股
get_quote(ticker)                        → 个股行情、估值
get_financials(ticker, "income")         → 财务数据对比
get_index_data("000001")                 → 大盘基准
# News (china-news MCP — separate server)
get_stock_news(ticker="{{TICKER}}")          → 行业新闻
get_market_overview()                    → 涨幅榜/成交额榜

Secondary Sources

| Source | Use | |--------|-----| | 东方财富行业板块 | Industry classification, sector indices | | 巨潮资讯 | Company filings for competitive analysis | | 国家统计局 / 海关总署 | Macro data (industry output, trade) | | 行业协会 (中汽协, 硅业分会, etc.) | Sector-specific statistics | | Wind / Choice / 同花顺 | Comprehensive sector data | | 券商研报 | Analyst consensus and frameworks |

Workflow

Step 1: Define Scope & Angle

**Clarify:**

• Sector / industry focus (e.g., 白酒, 半导体, 新能源汽车)
• Angle (e.g., investment theme, competitive analysis, turnaround story)
• Geographic scope (A-share only, or include HK-listed / US-listed Chinese)
• Time horizon (cyclical analysis, secular trends, near-term trade)

Step 2: Market Size & Structure

**Industry overview:**

| Metric | Data | Source | |--------|------|--------| | Total market size | 市场规模 (亿元/亿元) | 国家统计局, 行业协会 | | Growth rate | 同比增速 / CAGR | Historical data | | Market share | CR5, CR10 concentration | Company filings | | Penetration rate | For new industries | Industry reports | | Export/import | 进出口数据 | 海关总署 |

**A-share representation:**

• Number of listed companies in sector
• Total market cap (总市值 / 流通市值)
• Average PE / PB multiples
• Liquidity (average daily turnover)

Step 3: Competitive Landscape

**Peer mapping:**

# Get all stocks in an industry
get_industry_stocks(industry="白酒")

**For each major player, pull:**

get_quote(ticker)           → Price, market cap, multiples
get_financials(ticker)      → Revenue, margins, growth
get_stock_info(ticker)      → Business description

**Competitive analysis table:**

| Company | Ticker | Market Cap (亿) | Revenue (亿) | YoY Growth | Gross Margin | Net Margin | PE (TTM) | Market Share | |---------|--------|----------------|-------------|------------|-------------|------------|----------|-------------| | | | | | | | | | |

**Competitive positioning:**

• Market share trends (gaining or losing)
• Product positioning (premium, mid-tier, mass market)
• Geographic footprint (national vs regional)
• Distribution strength (渠道能力)
• Brand equity (品牌力)

Step 4: Trading Multiples & Valuation

**Sector multiples:**

| Metric | Current | 1Y High | 1Y Low | 5Y Average | Historical High | Historical Low | |--------|---------|---------|--------|------------|----------------|----------------| | Average PE | | | | | | | | Average PB | | | | | | | | Average PS | | | | | | | | EV/EBITDA | | | | | | |

**Multiple dispersion:**

• Premium names (high multiple vs sector)
• Value names (low multiple vs sector)
• Historical range and where we are in cycle

Step 5: Policy Environment

**China-specific policy analysis:**

| Policy Area | Current Status | Impact | |-------------|---------------|--------| | 产业政策 | 支持/限制/中性 | Direct sector impact | | 环保政策 | 双碳目标 | Cost structure impact | | 监管政策 | 集采/反垄断 | Margin / market share impact | | 补贴政策 | 新能源/半导体补贴 | Competitiveness impact | | 货币政策 | 宽松/中性/紧缩 | Financing cost impact |

**Key regulatory bodies:**

• 发改委 (NDRC) — industrial policy, pricing
• 工信部 (MIIT) — manufacturing, tech, telecom
• 生态环境部 (MEE) — environmental compliance
• 卫健委 (NHC) — healthcare, pharmaceuticals
• 证监会 (CSRC) — capital markets
• 央行 (PBoC) — monetary policy

Step 6: Key Drivers & Trends

**Secular trends (3-5 year):**

• Technology adoption (技术替代)
• Consumption upgrade/downgrade (消费升级/降级)
• Demographic shifts (人口结构)
• Supply chain localization (供应链国产化)
• Environmental transition (双碳/ESG)

**Cyclical factors:**

• Inventory cycles (库存周期)
• Capacity utilization (产能利用率)
• Pricing trends (价格趋势)
• Demand momentum (需求 momentum)

Step 7: Investment Themes

**Thematic angles:**

1. **Policy-driven**: 国产替代, 新基建, 乡村振兴 2. **Demand-driven**: 消费升级, 老龄化, 出海 3. **Supply-driven**: 产能出清, 行业整合, 龙头集中 4. **Technology-driven**: AI应用, 新能源, 生物医药创新

**For each theme:**

• Investment thesis
• Key names to express the theme
• Timeline and catalysts
• Risks and headwinds

Step 8: Trading Ideas

**Ideas shortlist (from sector overview):**

| Idea | Ticker | Direction | Thesis | Catalyst | Risk | |------|--------|-----------|--------|----------|------| | | | Long / Short | | | |

Step 9: Report Structure

**Standard A-share sector overview format:**

【XX证券】[行业] 深度报告：[标题]

一、行业概述
   市场规模、增速、发展阶段

二、竞争格局
   主要玩家、市场份额、竞争要素

三、政策环境
   监管框架、产业政策、影响分析

四、财务分析
   行业盈利能力、ROE、杠杆水平

五、估值分析
   当前 multiples vs 历史 vs 国际对标

六、核心驱动因素
   长期趋势、短期催化、周期位置

七、投资建议
   重点标的、目标价、评级

八、风险提示
   政策风险、需求风险、竞争风险

China-Specific Considerations

A-share Market Structure

| Feature | Description | Implication | |---------|-------------|-------------| | 涨跌停限制 | ±10% (main), ±20% (创业板/科创板) | Price discovery slower | | 散户占比高 | Retail ~60-80% of turnover | More sentiment-driven | | 政策驱动 | Government announcements move markets | Monitor policy closely | | 板块轮动 | Sector rotation common | Timing important | | 北向资金 | Foreign