| 【Company Research】Zhejiang Dingli (603338 CH) – Margin expansion in 23E; Volume growth in 24E |
| 【Sector Research】China Auto Sector – Jun leading indicators: NIO weaker than expected |
| 【Company Research】Horizon CD (9930 HK) – No.1 equipment operation service provider ready to capture the opportunities in AWP |
| 【Company Research】NIO Inc. (NIO US) – Margin dent from price cuts lingers into FY24-25 |
| 【Company Research】Sinotruk (Hong Kong) (3808 HK) – Expect strong growth to continue after the impressive 1H23; U/G to BUY |
| 【Company Research】Weichai Power - A (000338 CH) – 2Q23E earnings to grow 30-65%; recovery story intact |
| 【Company Research】Weichai Power (2338 HK) – 2Q23E earnings to grow 30-65%; recovery story intact |
| 【Sector Research】China Technology Sector – Implications of Dutch additional export control |
| 【Company Research】GAC Group (2238 HK) – 2Q23E NP to fall QoQ; Hyper margin key in 2H23 |
| 【Company Research】BYD Company (1211 HK) – 2Q23E preview: net profit to rise 7% QoQ |
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 © 2019-2026 CMB International Capital Corporation Limited. All rights reserved.
