| 【Company Research】WuXi AppTec (603259 CH) - To navigate macro uncertainties with a good start in 1Q25 |
| 【Sector Research】Capital Goods - 1Q25 earnings: SANY Heavy beat; Zoomlion & Weichai slightly below expectation |
| 【Company Research】Mindray (300760 CH) - Awaiting domestic demand rebound |
| 【Company Research】Luckin Coffee (LKNCY US) - Management is prudent but long-term story intact |
| 【Company Research】United Imaging (688271 CH) - 1Q25 earnings turnaround: strong overseas growth and domestic market recovery |
| 【Company Research】Jiangsu Hengli (601100 CH) - Higher expenses are transitory; eyes on new products |
| 【Company Research】CPIC (2601 HK) - Participating sales noticeably increased; MTM losses dragged a profit miss in 1Q25 |
| 【Company Research】Li Ning (2331 HK) - A cautious outlook after a maintained guidance |
| 【Company Research】Zhejiang Dingli (603338 CH) - 1Q25 profit rose 42% YoY but only helped by non-operating items |
| 【Company Research】Wingtech (600745 CH) - Resilient 1Q semiconductor sales; non-profitable ODM business to be deconsolidated |
公司地址：香港中环花园道三号冠君大厦45-46楼
电话：（852）3900-0888 传真：（852）3761-8788
招银国际版权所有 Copyright © 2019-2025 CMB International Capital Corporation Limited. All rights reserved.
