| 【Company Research】NetEase (NTES US) - Inline 2Q25 earnings; upbeat on 2H25 game business outlook |
| 【Company Research】JD.com (JD US) - Food delivery investment weighed on near-term earnings but target is clear |
| 【Company Research】Geely Automobile (175 HK) - Solid earnings with more competitive models ahead |
| 【Company Research】Dmall Inc (2586 HK) - 1H25 review: AI empowers retail solutions and enhances operational efficiency |
| 【Company Research】361 Degrees (1361 HK) - Guidance unchanged but we are concerned |
| 【Company Research】Geekplus (2590 HK) - A rising star in global AMR for warehouse automation; a unique play in HK market |
| 【Company Research】FIT Hon Teng (6088 HK) - 2Q business transition accelerated; AI cables/liquid cooling/power/auto momentum on track |
| 【Company Research】Tencent (700 HK) - 2Q25 results: strong games and marketing businesses; AI drove business growth |
| 【Company Research】TME (TME US) - 2Q25 results beat; emerging opportunities beyond subscription |
| 【Company Research】Kingdee (268 HK) - Recovery in revenue growth in line with expectation, with more updates on AI |
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