Research reports, generally referred to as broker research reports or "sell-side research reports," are analytical reports authored by securities firm analysts and can serve as references for investment activities. A comprehensive broker research report typically analyzes the value of specific securities based on facts, data, and research information, summarizes perspectives on listed companies, industries, or macro policies, and assigns investment ratings to relevant stocks. The research institute of a securities firm represents the firm's reputation and brand image. Although it does not directly generate profits, its strength significantly influences the development of the firm's brokerage business, investment banking business, direct investment subsidiaries, and other operations. High-quality research reports attract mutual funds/private funds to open accounts and trade, thereby generating brokerage revenue.
Research reports can be categorized based on their research focus, including macroeconomics, investment strategies, industry analysis, company research, bond research, futures research, and financial engineering. Among these, company research reports are among the most widely followed. Company research reports typically refer to analyses conducted by professional financial researchers from securities firms or investment banks regarding the operational and profitability conditions of specific listed companies. These reports provide reference information for investors, covering aspects such as the company's industry, industry position, future growth potential, and fundamental factors.
The A-Share Listed Companies Analyst Research Report Text Data launched by CnOpenData spans 17 years. The data is presented in structured tables and original PDF formats, covering multiple fields such as report title, issuing institution, and release time.
Time Period
2006 to early 2024
Field Display
Sample Data
Related Literature
- YI Zhihong, YANG Shengzhi, CHEN Qinyuan, 2019: "Can Analysts Reduce Stock Price Synchronicity?—An Empirical Study Based on Textual Analysis of Research Reports," China Industrial Economics, No. 1.
- ZHONG Qinlin, LIU Yuanyuan, 2020: "Do Analyst Reports Contain More Information During Periods of Economic Policy Uncertainty?—A Dual Perspective of Investor Demand and Analyst Supply," Accounting Research, No. 3.
Data Update Frequency
Annual updates