| 【Company Research】AAC Tech (2018 HK) - 1H25 preview: structural upgrade cycle across multiple segments |
| 【Company Research】Zhejiang Dingli (603338 CH) - 2Q25 profit grew 19% YoY but largely on FX gains |
| 【Company Research】Thermo Fisher (TMO US) - Improved outlook on the impact of tariffs |
| 【Company Research】ServiceNow (NOW US) - 2Q25 earnings beat; AI drove strong cRPO growth and margin expansion |
| 【Company Research】Alphabet (GOOG US) - 2Q25 results beat on solid search and cloud businesses |
| 【Company Research】CGN Mining (1164 HK) - Potential loss in 1H25E but recovery in 2H25E; Expect a solid turnaround in 2026E |
| 【Company Research】Bilibili (BILI US) - 2Q25 preview: advertising and mobile game businesses providing strong support |
| 【Sector Research】Capital Goods - Upgrade of rural highways could become a trillion yuan market |
| 【Company Research】iQIYI (IQ US) - 2Q25E preview: total revenue under pressure but earnings outlook intact |
| 【行业研究】软件 & IT服务 - RWA代币化迎来快速发展 |
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