| 【Company Research】ZTO Express (ZTO US) – Lower parcel volume guidance but largely expected; ASP story well intact |
| 【Company Research】ZTO Express (2057 HK) – Lower parcel volume guidance but largely expected; ASP story well intact |
| 【Sector Research】China Software & IT Services- Software localization to benefit China ERP |
| 【Company Research】Zhihu (ZH US) – Looking beyond epidemic & transition impact |
| 【Sector Research】China Banking Sector – Implications on loan and deposit rate cut |
| 【Company Research】 CSPC Pharmaceutical (1093 HK) –Smooth progress in mRNA COVID-19 vaccine |
| 【Company Research】NetEase Inc. (NTES US) – Eyes on new titles launch |
| 【Company Research】Kuaishou (1024 HK) – Moving into 2H22E recovery |
| 【Company Research】RLX Technology (RLX US) – 1Q below consensus; 3Q to be a key quarter for transition |
| 【Company Research】Xpeng Inc. (XPEV US) – In-line 1Q22 results; Awaiting G9 debut |
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