【招银国际】2Q23E NP to fall QoQ; Hyper margin key in 2H23.pdf

盈利回暖初见端倪，2H23或仍有波折

China Auto Sector – Can possible strong Jun sales extend into 2H23？

业绩短期承压，静待2H23恢复

China Auto Sector: Strong June provides more confidence for 2H23

Q2表现符合预期，静待2H23旺季表现

2H23不及预期，高品质发展目标延续

科技行业专题研究：功率2H23，海外业绩分化，关注SiC

–Homegrown brands likely to narrow loss in 2H23

2H23利润率修复可期

实际动销好于报表收入，2H23将继续优化投放节奏