| 【Company Research】Binjiang Service (3316 HK) - 1H26: Steady expansion with PM margin under sector-wide pressure |
| 【Company Research】3SBio (1530 HK) - 707 remains the key value driver |
| 【Company Research】CSPC Pharmaceutical (1093 HK) - Domestic sales stabilizing as BD engine scales up |
| 【Company Research】Futu Holdings (FUTU US) - Strong 2Q beat; overseas expansion gains full momentum |
| 【公司研究】中国生物制药 (1177 HK) - BD集中兑现，平台创新价值获验证 |
| 【Company Research】United Imaging (688271 CH) - Robust overseas growth offset soft domestic demand |
| 【Company Research】Alibaba (BABA US) - Strong cloud growth prospects with clear ROIC visibility |
| 【Company Research】NetEase (NTES US) - 2Q26 earnings beat; legacy game titles maintain solid performance |
| 【行业研究】26年2季度美股13F追踪 - 盈利增长与估值匹配视角下科技板块或仍具较高配置价值 |
| 【Company Research】AIA Group Ltd. (1299 HK) - 1H26 first take: VONB largely in line; OPAT lift a slight beat, with no additional 2H26 buyback |
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