【光大证券】1H23净利润同比大幅下降，2H23、24年业绩有望逐步复苏.pdf

盈利回暖初见端倪，2H23或仍有波折

业绩短期承压，静待2H23拐点

2Q23E NP to fall QoQ; Hyper margin key in 2H23

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

–1H23 weakness amid industry headwinds; Positive on margin recovery in 2H23／FY24E

–Homegrown brands likely to narrow loss in 2H23