【招银国际】May NEV likely to hit second highest in history.pdf

Operational challenges remain; but China regulatory risk to sentiment likely settled

–Likely to be resilient and outperform in 2H23E

Operational challenges remain; but China regulatory risk to sentiment likely settled

Li Auto Inc. (LI US) 4Q22E net profit likely to turn positive

–Business adjustment impact likely taking time to be digested

1Q23 results beat and gradual recovery is likely

4Q22E net profit likely to turn positive

China Sportswear Sector - Singles Day sales likely good but companies remain cautious

China Heavy-duty Truck: Expansion of gas/diesel price spread likely to boost natural gas HDT sales in the near term

–Homegrown brands likely to narrow loss in 2H23