china-3-statement-model
Installation
SKILL.md
china-3-statement-model
Purpose
Build institutional-quality three-statement models (Income Statement / Balance Sheet / Cash Flow) for A-share equities, adapted for Chinese Accounting Standards (CAS) and the Chinese market context.
Key Differences from US 3-Statement Models
| Parameter | US Model | China Model |
|---|---|---|
| Accounting standard | US GAAP / IFRS | CAS (企业会计准则) |
| Tax rate | 21% federal | 25% standard (高新技术企业 15%) |
| Currency | USD | CNY (人民币) |
| Fiscal year | Varied | Mostly Dec 31 year-end |
| Revenue recognition | ASC 606 | CAS 14 (similar principles) |
| Goodwill | Indefinite life (no amortization) | CAS 8 — goodwill amortized or tested |
| R&D capitalization | Typically expensed | Can be capitalized under CAS |
| VAT treatment | Sales tax separate | 增值税 often embedded in revenue/sales |
| Unit reporting | USD | Often 千元 (thousands CNY) — verify |