| 【Company Research】Horizon Robotics (9660 HK) - 1H25 results: ASP and volume surged, driving 68% sales growth |
| 【Company Research】BYDE (285 HK) - 2Q25 upbeat; Multiple growth drivers in foldable iPhone, auto and AI server (liquid cooling, power, 800G/1.6G/CPO) |
| 【Company Research】Haier Smart Home (6690 HK) - 2H25E outlook to stay positive backed by multiple strengths |
| 【Company Research】Mindray (300760 CH) - Weak 1H25, recovery expected from 3Q25E |
| 【Company Research】United Imaging (688271 CH) - Accelerating earnings growth momentum |
| 【Company Research】Weichai Power (2338 HK/000338 CH) - 1H25 results dragged by higher expenses; Expect a better 2H25E |
| 【Company Research】Naura Technology (002371 CH) - Intact long-term growth trajectory despite seasonal fluctuations; Maintain BUY |
| 【Company Research】BYD (1211 HK/002594 CH) - 2Q25 miss may be good for long-term expansion |
| 【Company Research】Alibaba (BABA US) - Kicked off FY26 with solid progress on cloud and quick commerce |
| 【Company Research】J&T Express (1519 HK) - 1H25 profit a mixed bag but growth story well intact |
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