| 【Company Research】InnoCare Pharma (9969 HK) - Autoimmune pipeline holds potential for global markets |
| 【Company Research】Tencent (700 HK) - 1Q25 results beat; AI accelerates business growth |
| 【行业研究】半导体 - 主题投资与大趋势：海外云厂商一季度资本支出展现强劲韧性 |
| 【Company Research】JD.com (JD US) - Escalating investment to drive for food delivery business expansion |
| 【Sector Research】Semiconductors - Thematic investing and megatrends: Resilient 1Q25 capex among hyperscalers |
| 【Company Research】TME (TME US) - Inline 1Q25 results; online music business maintains solid momentum |
| 【Sector Research】Technology - Implications of China-US tariff reduction |
| 【公司研究】华虹半导体 (1347 HK) - 1Q25业绩符合预期，毛利率持续承压 |
| 【Sector Research】Capital Goods - Solid growth of earth-moving machinery sales in Apr; Expect momentum to continue in May |
| 【Company Research】Hua Hong Semi (1347 HK) - 1Q25 revenue in-line; GPM under pressure |
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