【华泰证券】2Q23：收入持平，毛利率环比显韧性.pdf

–2Q23 GPM miss; Still a long way for healthy GPM

2Q23毛利率承压，关注下行周期

New orders slightly recovered in 2Q23

2Q23 preview: solid earnings growth despite social entertainment business adjustment

2Q23 盈利预览

2Q23工业业务表现亮眼

2Q23：消费类需求开始复苏，但毛利率承压

2Q23业绩超预期，再度上调全年指引

2Q23营收利润环比改善，海外需求好转促进未来业绩恢复

2Q23：竞争加剧导致净利同比转负