| 【Company Research】Naura Technology (002371 CH) - Building for the next leg of WFE growth |
| 【Company Research】Jiangsu Hengli (601100 CH) - 4Q25 earnings miss on gross margin and FX loss; But structural growth outlook still intact |
| 【行业研究】中国医药 - 中国大型药企具备估值重塑机遇 |
| 【Company Research】Hesai Group (HSAI US) - Takeaway from 2026 Investor Day & Technology Open Day |
| 【Company Research】Innolight (300308 CH) - 1Q26 earnings: Brighter than a shooting star |
| 【行业研究】AI主题研究 - 1Q26大模型进展复盘：关注Agent化及B端突围 |
| 【Company Research】Yancoal Australia (3668 HK) - Acquisition of metallurgical coal mine to bring growth and synergies |
| 【Company Research】JD.com (JD US) - 1Q26 preview: expecting upbeat results driven by food delivery loss reduction and core JDR |
| 【Company Research】Tencent (700 HK) - Expect resilient core business growth; AI investment to strengthen competitive moat |
| 【Company Research】Alibaba (BABA US) - Quick commerce to drive loss reduction; prioritizing AI business development |
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