| 【公司研究】卫龙 (9985 HK) – 上半年收入同比增3%，扭亏为盈；2季度拓展零食渠道 |
| 【Company Research】Jinxin Fertility (1951 HK) – Recovery to expedite in 2H23E |
| 【Company Research】InnoCare Pharma (9969 HK) – Consistent results of orelabrutinib for MS |
| 【Company Research】Greentown Service (2869 HK) – 1H23 results in-line, visible recovery in owner VAS |
| 【Company Research】SANY Heavy Industry (600031 CH) – 2Q23 net profit +81% but largely due to low base & FX gain; Staying cautious on export |
| 【Company Research】JOYY Inc. (YY US) – Better margin outlook, with Bigo to bottom out |
| 【公司研究】迈瑞医疗 (300760 CH) – 业绩稳健增长，二季度常规业务复苏 |
| 【Company Research】ZTO Express (2057 HK) – 2Q23 net profit +41% YoY on excellent cost control; Full-year market share target achievable |
| 【Company Research】ZTO Express (ZTO US) – 2Q23 net profit +41% YoY on excellent cost control; Full-year market share target achievable |
| 【Fixed Income Research】Hopson: Businesses have been largely as usual |
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