| 【公司研究】康龙化成 (300759 CH) - 具备加速增长潜力的一体化CXO |
| 【Company Research】Pharmaron Beijing (300759 CH) - A one-stop CXO with accelerated growth potential |
| 【Company Research】iQIYI (IQ US) - 4Q25E preview: expect both revenue and earnings to recover in 4Q25 |
| 【Sector Research】Auto - Weak 4Q25 sales may lead to earning miss |
| 【Sector Research】Semiconductors - TSMC earnings: Cautious optimism confirmed by AI profitability |
| 【Sector Research】Capital Goods - Strong sales momentum continued for truck cranes & crawler cranes in Dec 2025 |
| 【Company Research】WuXi XDC (2268 HK) - Strong earnings growth with strategic acquisition to enhance capacity |
| 【Company Research】J&T Express (1519 HK) - Share swap with SF to help expand new markets |
| 【Company Research】Q-Tech (1478 HK) - Positive FY25 profit alert; non-mobile (handheld/auto/ XR) growth to continue into 2026 |
| 【行业研究】互联网 - AI应用商业化快速落地 |
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