| 【Sector Research】China Property Sector – There are no saviors but developers themselves |
| 【公司研究】长城汽车 (2333 HK) – 三季度业绩符合预期，缺芯提供布局时机 |
| 【公司研究】比亚迪控股 - H (1211 HK) – 汽车电池业务成型，中长期估值有望抬升 |
| 【Company Research】BYD Electronics (285 HK) – Industry headwinds to persist into 4Q; D/G to HOLD |
| 【公司研究】广汽集团 (2238 HK) – 合营品牌拖累业绩，芯片影响超出预期 |
| 【Company Research】SANY Heavy Industry (600031 CH) – Low market expectation after 3Q21 results; Electric products and export to serve as medium term drivers |
| 【Company Research】Yum China (9987 HK) – Headwinds linger despite faster expansion |
| 【Company Research】I-Mab BioPharma (IMAB US) – Partnership with Sinopharm to prepare for commercialization in China |
| 【Company Research】Goldwind (2208 HK) – 3Q21 results slight beat; wind farm disposal to sustain earnings performance in 2022 |
| 【Company Research】China Longyuan (916 HK) – Backdoor listing on track; 4Q21 performance to sustain good momentum |
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