| 【Company Research】Greentown Service (2869 HK) - Trading scale for quality in 1H26; maintain BUY |
| 【Company Research】Henlius Biotech (2696 HK) - Broadening global footprint while advancing innovation |
| 【Company Research】Ke Holdings (BEKE US) - Efficiency gains broaden from cost control to operating productivity |
| 【Company Research】ZTE (763 HK) - Compute growth accelerates but margin pressure persists |
| 【Company Research】Pharmaron Beijing (300759 CH) - Guidance raised on robust CDMO growth |
| 【Company Research】Hongqiao Holdings (002379 CH) - Net profit +77% YoY in 1H26, in line with profit alert |
| 【Company Research】China Hongqiao (1378 HK) - Core net profit +10% YoY in 1H26 |
| 【Company Research】NetEase Cloud Music (9899 HK) - 1H26 review: earnings decline on revenue deceleration and rising marketing spending |
| 【Company Research】Tuhu Car (9690 HK) - 1H26 in line; gaining share amid headwinds |
| 【公司研究】中际旭创 (300308 CH) - 业绩符合预期;追光不止,下一代光互连蓄势待发 |