| 【Company Research】Kanzhun Limited (BZ US) - 4Q25 results: resilient recruitment demand; increasing shareholder return |
| 【Company Research】Geely Automobile (175 HK) - We expect more resilient margins than peers |
| 【Company Research】Kingdee (268 HK) - Committed to AI transformation |
| 【Company Research】Tencent (700 HK) - Inline 4Q25 results; increasing AI investment to solidify competitive moat |
| 【Company Research】ZTO Express (ZTO US/2057 HK) - 2026 volume growth guidance: up 10-13%; Shareholder return at least 50% of earnings |
| 【Company Research】Semiconductors - Key takeaways for OFC 2026 |
| 【Company Research】Chuangxin Industries (2788 HK) - 2025 profit +33% YoY; surprising dividend |
| 【Company Research】TME (TME US) - 4Q25 review: Stepping up investment to drive long-term sustainable growth |
| 【Sector Research】China Insurance - Sunshine Insurance FY25: Strong NBV momentum; One-off tax gain lifted net profit |
| 【行业研究】汽车 - 氢能新政：重卡高功率与低氢价驱动“自我造血” |
Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong
Telephone: （852）3900 0888 Fax:（852）3761 8788
Copyright © 2019-2026 CMB International Capital Corporation Limited. All rights reserved.
