Research reports, generally referring to securities firm research reports (commonly called "sell-side research reports"), are analytical documents prepared by securities company analysts that serve as references for investment activities. A complete sell-side research report typically synthesizes factual data, research information, and comprehensive analysis of specific securities' value, providing insights into listed companies, industries, macroeconomic policies, and offering investment ratings for related stocks. Securities research institutes represent the public image and brand value of securities firms. Although not directly generating profits, their research capabilities critically influence the development of brokerage services, investment banking operations, and direct investment subsidiaries. High-quality research reports attract mutual funds/private equity firms to open trading accounts, thereby generating brokerage income. Research reports can be categorized by research focus into macroeconomic analysis, investment strategies, industry analysis, corporate research, bond research, and futures research.
CnOpenData has compiled China Securities Analysts' Earnings Forecast Research Data, encompassing multiple fields including Stock Code (股票代码), Company Abbreviation (企业简称), Number of Research Reports (研报数据量), Institutional Investment Ratings (近六个月, last six months), 2022 EPS (每股收益), 2023 Forecast EPS (预测每股收益), 2024 Forecast EPS (预测每股收益), and 2025 Forecast EPS (预测每股收益).
Time Coverage
Cross-sectional data: 2023.09/2024.06
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 Tanlin, 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 Update