China's Economy,
Connected
Four interlocking datasets that map 6,000+ industry nodes, every company in China's real revenue segments, their supplier and customer networks, real-time tagged news, and granular financial disclosures — as one graph.
Connect the Data and Follow the Thread
Pick any company
Choose any company in our universe — a single starting point.
One Graph, Four Layers
Each layer adds a new dimension to the same company. Snap them together for the use case you need.
SAM Economic Value Chain
6,000+ industry nodes. 12-level hierarchy. Maps every A-share company to its real economic function with revenue and gross profit per segment.
Learn more →SmarTag News Analytics
Real-time NLP-tagged Chinese financial news. Entities, events, sentiment scores — structured and machine-readable. Tags both companies and SAM nodes.
Learn more →Customer & Supplier
Firm-to-firm commercial relationships across all A-share listed companies and bond issuers. Upstream, downstream, second-order.
Learn more →Supplementary Financial Notes
Beyond the big three statements. Segment breakdowns, lease obligations, subsidies, related-party transactions — structured from Chinese PDF footnotes.
Learn more →The Connections Are the Product
Any data vendor sells lists. We sell a graph. Here's how the layers cross-reference.
Every news article is tagged to SAM nodes, not just companies. Aggregate sentiment at the industry-node level.
Companies are mapped to SAM segments. Combine with supplier/customer links to see cross-value-chain commercial flows.
Segment revenue and gross profit mapped to SAM nodes. Compare profitability across competitors at any hierarchy level.
News about a supplier propagates context to all its customers. Track signal transmission across the network.
Validate news-driven narratives against actual disclosure data. Separate signal from noise.
Related-party transactions in notes reveal undisclosed supplier/customer dependencies.
One Company, Four Dimensions
Take CATL (宁德时代) — the world's largest battery maker. Here's what each layer reveals.
SAM — Where CATL Sits in the Economy
Real segment data from 2024 annual report. Each product line maps to a different branch of the 6,000-node SAM hierarchy.
EV Batteries
动力型锂离子电池
73.5%
Rev ¥253.0B · GP ¥60.6B
Energy Storage
储能型锂离子电池
16.6%
Rev ¥57.3B · GP ¥15.4B
Battery Recycling
废旧电池回收利用
8.3%
Rev ¥28.7B · GP ¥3.0B
Metals & Mining
其他金属与采矿
1.6%
Rev ¥5.5B · GP ¥0.5B
Value Chain Position — NEV Industry
NEV Industry Chain (新能源汽车产业链)
├── Upstream (上游)
│ ├── Cathode materials (正极材料)
│ ├── Anode materials (负极材料)
│ ├── Electrolyte (电解液)
│ └── Separator (隔膜)
├── Midstream (中游)
│ ├── Power batteries (动力电池) ← CATL (¥253B)
│ ├── Energy storage (储能系统) ← CATL (¥57B)
│ ├── Motors (电机)
│ └── Controllers (电控)
└── Downstream (下游)
├── Battery recycling (电池回收) ← CATL (¥29B)
├── NEVs (finished vehicles) (新能源汽车)
└── Charging infrastructure (充电桩)SAM Product Hierarchy — 3 distinct branches
Electrical Components & Equipment (电气部件与设备)
└── Electrical Equipment (电气设备)
└── Batteries (电池)
└── Rechargeable Batteries (二次电池)
└── Li-ion Batteries (锂离子电池)
├── EV Batteries (动力型锂离子电池) ← ¥253.0B (73.5%)
└── Energy Storage (储能型锂离子电池) ← ¥57.3B (16.6%)
Commercial Services (商业服务)
└── Environmental Services (环境与设施服务)
└── Waste Recycling (废物综合再利用)
└── Battery Recycling (废旧电池回收利用) ← ¥28.7B (8.3%)
Diversified Metals & Mining (多种金属与采矿)
└── Other Metals & Mining (其他金属与采矿) ← ¥5.5B (1.6%)Each segment has its own peer universe — different competitors at every node:
| Segment | CATL Rev | #2 Competitor | #2 Rev | CATL Lead |
|---|---|---|---|---|
| EV Batteries | ¥253.0B | Gotion (国轩高科) | ¥25.6B | 9.9× |
| Energy Storage | ¥57.3B | EVE (亿纬锂能) | ¥19.0B | 3.0× |
| Battery Recycling | ¥28.7B | Narada (南都电源) | ¥4.1B | 7.0× |
| Metals & Mining | ¥5.5B | SCRC (四川路桥) | ¥3.3B | 1.7× |
One company, three SAM branches — from upstream mining to battery manufacturing to circular recycling. Each segment carries its own peers, margins, and competitive dynamics. Roll up or drill down at any of the 12 hierarchy levels.
Customer & Supplier — Who CATL Trades With
Real data from 2024 annual report disclosures. Cross-referenced across counterparty filings.
Disclosed Customers · 5 cross-referenced
- Yuneng (湖南裕能) — ¥832M Cathode Materials
- Tongli (陕西同力重工) — ¥194M Mining Equipment
- Jingwei IT (杭州经纬信息) — ¥101M
- Tianhua (苏州天华新能源) — ¥30.7M Lithium Compounds
- Lead Intelligent (无锡先导智能) — ¥12.2M Battery Equipment
Note: Tesla, BMW, VW etc. appear anonymized in CATL's filings — cross-referencing counterparty disclosures reveals the links above.
Top Suppliers · 22 disclosed
- Yuneng (湖南裕能) — ¥6.18B Cathode Materials
- Shangtai (石家庄尚太) — ¥3.84B Anode Materials
- Yilian (深圳壹连) — ¥2.75B
- Defu (九江德福) — ¥1.95B Copper Foil
- Lead (无锡先导智能) — ¥989M Battery Equipment
- Minmetals (五矿新能源) — ¥521M Cathode Materials
- + 16 more suppliers with disclosed amounts
Three companies appear on both sides — Yuneng (湖南裕能), Tianhua (苏州天华), Lead (无锡先导) — revealing bidirectional commercial dependencies invisible in standard databases.
SmarTag — What's Being Said Right Now
Real news article from Clue's Corporate News feed, tagged by SmarTag NLP in real time. Every article gets entity extraction, per-entity sentiment, exchange mapping, and geographic tagging.
春晚揭秘！跟沈腾搭戏的"铁哥们儿"，早已走进海淀人的日常
今年央视春晚，堪称机器人的才艺秀场，说学逗唱样样精通，台上能跳舞翻跟斗，台下能撸起袖子干活儿，俨然成了人类的"全能搭子"。盘核桃、捡玻璃碎片、货架取货、叠衣服、串烤肠...
{
"headline": "春晚揭秘！跟沈腾搭戏的'铁哥们儿'，早已走进海淀人的日常",
"timestamp": "2026-02-17T18:11:31+08:00",
"source": "Sina News",
"overall_sentiment": { "label": "neutral", "score": 0.63 },
"entities": [
{ "name": "CATL", "nameCn": "宁德时代", "type": "company", "ticker": "300750.SZ",
"exchanges": ["SZSE", "HKEX"],
"sentiment": { "label": "positive", "score": 0.81 } },
{ "name": "Toyota", "nameCn": "丰田汽车", "type": "company", "ticker": "TM",
"exchanges": ["NYSE ADR"],
"sentiment": { "label": "positive", "score": 0.84 } },
{ "name": "China Mobile", "nameCn": "中国移动", "type": "company", "ticker": "600941.SH",
"exchanges": ["SSE", "HKEX"],
"sentiment": { "label": "neutral", "score": 0.70 } },
{ "name": "CAS Holdings", "nameCn": "中科院控股", "type": "company",
"sentiment": { "label": "neutral", "score": 0.63 } }
],
"geo": ["Beijing", "Haidian"]
}Every article tags both companies and SAM nodes — with per-entity sentiment, not just article-level. Notice CATL gets Positive 81% even though the overall article is Neutral 63%. Aggregate at the industry-node level: "What's the mood on EV Batteries this week?"
Financial Notes — What the Numbers Really Say
71 structured tables extracted from Chinese PDF footnotes. Not just the big three statements — the other 200 pages where the real story lives.
P&L · 16 tables
· Revenue Composition
· Revenue by Region
· Revenue/Profit >10%
· Administrative Expenses
· Sales Expenses
· R&D Expenses
· Finance Costs
· Taxes & Surcharges
· Investment Income
· Other Income
· Fair Value Changes
· Extraordinary Income
· Credit Impairment Losses
· Asset Impairment Losses
· Operating Income Structure
· R&D Expenditure
Balance Sheet · 54 tables
· AR by Aging
· AR by Bad-Debt Method
· AR Aging Groups
· Other Receivables by Nature
· Other Receivables by Aging
· Notes Receivable
· Receivable Financing
· Prepayments by Aging
· Long-term Receivables
· Inventory Categories
· Inventory Impairment Changes
· Inventory Capitalized Costs
· Fixed Assets
· Fixed Assets Without Title
· Intangible Assets
· Intangibles Without Title
· Goodwill (Original)
· Goodwill Impairment
· Right-of-use Assets
· Construction-in-Progress
· Major CIP Changes
· Investment Property (Cost)
· Investment Property (Fair Value)
· Investment Property Without Title
· Cash & Equivalents
· Other Current Assets
· Trading Financial Assets
· Debt Investments
· Other Equity Instruments
· Other Non-current Financial Assets
· Contract Assets
· Contract Asset Impairment
· Non-current Assets Due <1Y
· Other Non-current Assets
· Long-term Equity (JV & Associates)
· Long-term Equity (JV Detail)
· Long-term Equity (Associates)
· Short-term Loans
· Long-term Loans
· Bonds Payable
· Notes Payable
· Contract Liabilities
· Salary Payable
· Taxes Payable
· Other Payables
· Other Current Liabilities
· Deferred Income
· Long-term Payables
· Long-term Payables by Nature
· Specific Payables
· Long-term Salary Payable
· Non-current Liabilities Due <1Y
· Other Non-current Liabilities
· Other Claims Investments
Cross-cutting · 3 tables
· R&D Expenditure (Cap vs. Exp)
· Foreign Currency Items
· Revenue/Profit Concentration
CATL: What's Buried in the Notes
Mining JV lease obligations: ¥12.3B
R&D capitalization ratio: 38% (¥6.2B capitalized)
Goodwill from acquisitions: ¥3.8B (no impairment)
Related-party transactions: ¥8.7B with suppliers
The ground truth that validates — or invalidates — every other signal. Every field standardized across all A-share companies, updated quarterly.
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