mcpField
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china-dcf

china-dcf

github.com/jwangkunData & databases87591 installsUpdated 6w ago
Repository

About china-dcf

china-dcf is a DCF valuation skill for Chinese listed companies. It applies local market assumptions and CAS financial data to build cash flow projections, calculate WACC and estimate terminal value for financial analysts.

Key features

  1. 01Retrieve historical financial and market data
  2. 02Build projections using China-specific assumptions
  3. 03Calculate WACC and terminal value
  4. 04Apply CAS and CNY conventions
  5. 05Flag goodwill and reporting-unit risks

Use cases

  1. 01Build a DCF valuation for a Chinese listed company
  2. 02Estimate WACC using China government bond yields
  3. 03Check financial statement units and goodwill risk

MCP support

The skill can retrieve financial, market and risk data through wind-mcp, iFind or AkShare, with configurable data-source modes.

Install

Copy the command and run it in a terminal.

$npx skills add https://github.com/jwangkun/claude-for-financial-services-cn --skill china-dcf

After installing, type/china-dcfin Claude Code to confirm it loaded.

Details

From the project README

china-dcf

Data Sources (Multi-Tier)

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）
ifind_get_stock_financials(ticker, ...)  -> Historical financials
ifind_get_stock_info(ticker)             -> Market data, shares outstanding
ifind_get_risk_indicators(ticker)        -> Beta, volatility for WACC
Tier 2 - AkShare (free, open-source, fallback)
get_financials(ticker, "income", "annual")     -> Historical P and L
get_financials(ticker, "balance", "annual")    -> Historical BS
get_quote(ticker)                              -> Market cap, price

Data source mode switch: When env var IFIND_DATA_SOURCE_MODE=ifind-only, use iFind exclusively.

  • wind-only: Wind only, error if unavailable
  • wind-fallback: Wind first, fallback to iFind → AkShare

Key differences from US-market DCF

ParameterUS DCF ConventionChina DCF Convention
Risk-free rateUS 10Y TreasuryChina 10Y CGB (国债收益率, ~2.5-3.5%)
Equity risk premium~5-6% (historical US)~6-8% (China A-share ERP)
Tax rateUS corporate 21%China corporate 25% (高新技术企业 15%)
Terminal growthUS GDP growth (~2%)China GDP growth (~4-5%)
CurrencyUSDCNY
Reporting standardUS GAAP / IFRSCAS (中国会计准则)

Workflow

Step 1: Pull financials
get_financials(ticker, "income", "annual")   → last 5 years
get_financials(ticker, "balance", "annual")
get_financials(ticker, "cashflow", "annual")
Step 2: Get market data
get_quote(ticker)  → price, market cap, PE, PB
get_index_data("000001") → benchmark return for beta estimation
Step 3: Build projections
  • Project revenue using historical growth rates adjusted for China macro outlook
  • Assume 65-75% operating margin for 白酒 / high-margin sectors
  • Assume 15-25% operating margin for manufacturing
  • CapEx as % of revenue: check historical from cashflow statement
Step 4: Compute WACC
WACC = E/(D+E) * Ke + D/(D+E) * Kd * (1 - tax_rate)

Ke = Rf + β * ERP
  Rf   = China 10Y CGB yield (use ak.bond_zh_us_rate() or web search for latest)
  β    = regression on 上证指数 returns (or use comparable firm beta)
  ERP  = 6-8% (China-specific equity risk premium)

Kd   = China 5Y corporate bond yield + credit spread
Step 5: Terminal value
Terminal Value = FCF_(n+1) / (WACC - g)
g = 3-4% for mature Chinese companies (China nominal GDP growth)

Notes

  • Chinese fiscal year ends December 31 for most companies
  • 北向资金 (Northbound flow) data can be used as sentiment indicator
  • 商誉 (goodwill) impairments are common in China M&A — flag if goodwill > 30% of equity
  • Some Chinese financial statements are reported in 千元 (thousands of CNY) vs 元 — check the unit

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