| 【Company Research】CPIC (2601 HK) - Key metrics stayed robust; first interim dividend declared representing 19.1% payout |
| 【Sector Research】Property - Pre-sale threshold lifted: short-term pain for long-term health |
| 【Company Research】SANY Heavy (600031 CH/6031 HK) - 2Q26 net profit +17% YoY after FX impact |
| 【Company Research】China Life (2628 HK) - Strong underwriting and investment gains drive interim DPS beat; Raise TP to HK$39 |
| 【Company Research】Laifual Drive (3952 HK) - On track for profitability, volume leadership |
| 【Company Research】Mindray (300760 CH) - 1H26 in line; overseas momentum and domestic recovery intact |
| 【公司研究】固生堂 (2273 HK) - 重回增长导向战略，并购+出海双发力 |
| 【Company Research】BYD (1211 HK/002594 CH) - 2Q26 earnings signal enhanced cost discipline |
| 【Company Research】GAC Group (2238 HK/601238 CH) - Exports, customer mix to drive margin recovery |
| 【Company Research】Salesforce (CRM US) - 2QFY27 review: robust bookings growth on strong AI momentum |
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