【招银国际】 Expecting a solid 1H23.pdf

what-can-we-expect-in-china-in-2019

We expect 4Q22 NP to fall on equity income

Expecting solid 4Q24 results driven by home appliance trade-in program

GAC Group (2238 HK) We expect 4Q22 NP to fall on equity income

Expect a year of mild recovery in FY23

Expecting an upbeat bottom line for 2Q results

Expect steady growth with policy tailwinds

Net profit 1H24 +2.7x YoY, beat expectations

China Economy: Exports continued to beat expectations with uncertainty ahead

Weak 1Q23 as expected; Expect multiple drivers from iPhone／CPU socket／400G／EV in 2H23E