| 【Company Research】CR Beverage (2460 HK) - Pains from reform run deeper than expected; longer time required for recovery |
| 【Company Research】Bilibili (BILI US) - Inline 2Q26 results; solid earnings growth on healthy community and monetization |
| 【Company Research】Meidong Auto (1268 HK) - Positive signs amid 1H miss; Net cash 1.6x market cap |
| 【Company Research】SenseTime (20 HK) - Strong revenue growth and margin expansion fuelled by robust AI demand |
| 【公司研究】深南电路 (002916 CH) - 二季度业绩超预期；PCB与封装基板加速放量 |
| 【Company Research】Green Tea Group (6831 HK) - Rapid store rollout in 1H26; SSSG pressure to ease in 2H26 |
| 【Company Research】Innovent Biologics (1801 HK) - 1H26 beat bolsters confidence in future growth |
| 【Company Research】Sinotruk (Hong Kong) (3808 HK) - 1H26 net profit +26% YoY, above expectation; Dividend payout raised |
| 【Company Research】Li Auto Inc. (LI US/2015 HK) - Earnings recovery could take longer than expected |
| 【Company Research】MiniMax Group (100 HK) - 1H26 review: strong monetization; extending performance-cost frontier of large model |
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.
