| 【Company Research】CR Gas (1193 HK) – 1H23 results marginally beat; continue to implement “1+2+N” strategy |
| 【Company Research】GAC Group (2238 HK) – Homegrown brands likely to narrow loss in 2H23 |
| 【Company Research】Weibo (WB US) – Expect mild recovery in 3Q23E |
| 【Company Research】Cloud Music (9899 HK) – 1H23 earnings beat on strong GPM expansion |
| 【Company Research】China Life (2628 HK) – Outpaced VNB growth in 1H23; short-term NP pushback not affect value growth |
| 【Company Research】Sunny Optical (2382 HK) – Expect shipment recovery on track in 2H23E; Maintain Hold on margin overhang |
| 【Company Research】YSB (9885 HK) – Digitalizing outside-of-hospital pharmaceutical circulation market in China |
| 【Company Research】Intron Technology (1760 HK) – 1H23 results below; expect back-loaded in 2H23E |
| 【Company Research】China Tower (788 HK) – 2Q23 results in-line with expectations; cash flow under temporary pressure |
| 【Company Research】ZTE (763 HK) – 1H23 earnings lifted by improved gross margin |
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