Research reports, typically referred to as broker research reports or "sell-side research reports," constitute analytical documents authored by securities firm analysts, serving as references for investment activities. A comprehensive broker research report typically synthesizes factual data, research information, and other evidence to conduct fundamental analysis on the value of specific securities. It summarizes perspectives on listed companies, industries, or macroeconomic policies and assigns investment ratings to relevant stocks. The brokerage research institute functions as the public face and brand symbol of a securities firm. Although it does not directly generate profits, its strength significantly influences the development of the firm's brokerage business, investment banking operations, direct investment subsidiaries, and other services. High-quality research reports attract public/private fund companies to open accounts and trade, thereby generating brokerage business revenue.
Based on research subjects, research reports can be categorized into macroeconomic analysis, investment strategies, industry analysis, company research, bond research, futures research, and financial engineering. Among these, company research reports are one of the most closely followed. Company research reports typically refer to analyses conducted by dedicated financial researchers at brokerages or investment banks regarding the operational and profitability conditions of specific listed companies. These reports provide reference for investors, covering aspects such as the company's industry, industry positioning, future growth potential, and fundamental analysis.
The A-share Listed Company Analyst Research Reports and Commentary Data offered by CnOpenData comprises two components: a Basic Information Table for Individual Stock Research Reports and a Commentary Table for Individual Stock Research Reports. The data is presented in structured tables alongside original PDF documents, encompassing multiple fields including Report Title(报告标题), Analyst(分析师), Publishing Institution(发布机构), Comment Content(回帖内容), and User Information(用户信息). This dataset not only provides basic information on research reports but also includes commentary from market participants.
Time Coverage
Basic Information Table for Individual Stock Research Reports: 2021.07-2025.06
Commentary Table for Individual Stock Research Reports: 2021.07-2024.06
Field Display
Sample Data
Basic Information Table for Individual Stock Research Reports
Commentary Table for Individual Stock Research Reports
Relevant 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 Higher Information Content During Periods of Economic Policy Uncertainty?—A Dual Perspective of Investor Demand and Analyst Supply," Accounting Research, No. 3.
Data Update Frequency
Annual Update