【招银国际】 Surging PHEV sales at cost of FY23E net profit.pdf

Xpeng Inc. (XPEV US) 4Q22E net loss to narrow; sales as key to FY23

China Food & Beverage Sector - FY23 growth from re-opening and falling costs

外部环境致FY23收入承压，内销有望率先修复

中国汽车行业:2h22e可能节拍;fy23e共识被夸大

海外企业跟踪：Allkem FY23锂精矿超预期，产量13.1

海外科技跟踪：数据库龙头甲骨文（Oracle）FY23收入增长18%，关注国内SaaS行业成长性

FY23/24中期业绩点评：压铸订单延迟交付，下半财年业绩有望恢复增长

FY23业绩超预期，技术进步+产能扩张持续驱动未来高增长

Expect a year of mild recovery in FY23

China Catering Sector: Customer traffic recovering; to drive margins in FY23