【招银国际】China Property Sector：NBS Sep data： gloomy as expected, no strong rebound, only mild recovery in 4Q in our view.pdf

Quality growth strategy underpins strong earnings growth

China Property Sector – Feb sales a strong beat; Raise 2023 forecast

Acceptable short-term setbacks can be absorbed by strong core business

Maintaining strong growth momentum

200% YoY; Strong gas trucks sales continue to be key driver

FY22 Preview： Strong execution of “3+3 Strategy”; Raise TP to HK$2.66

Inline 3Q23 results; strong music subscription revenue growth

Strong sales in Q3, with a narrowed net loss

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

–1H23E Preview： strong growth despite industry headwinds; expect back-loaded in 2H23E