【招银国际】–Solid 2Q23 earnings quality; Eyes on upmarket.pdf

Impressive 1Q23 earnings; U／G to BUY; More catalysts ahead

Impressive 1Q23 earnings; Higher earnings forecast & TP; More catalysts ahead

1H24 earnings down 27% YoY below our expectation; expect a better 2H24E

4Q22 earnings miss; sales may rise QoQ in FY23E

1Q23 earnings miss on gross margin

Solid 1Q24 with better 2H24 earnings ahead

–3Q23 earnings beat on better product mix and record-high GPM

Quality growth strategy underpins strong earnings growth

网易：3Q20 Earnings Call-20201119

1H23E earnings preview： All eyes on the Galaxy