1Q24 beat on strong music business growth and GPM expansion
grocer-150_2009_only-the-strong-thrive
Reaccelerate on strong pipeline in FY23E
–3Q23 earnings beat on strong operating leverage and business innovation
Core educational business sustained strong momentum
Steam ahead with doubled 2Q net profit and strong NBV uptrend; revise up TP
Strong AI capability to empower business growth
Solid mobile games and margin improvement support strong 1Q23 results
Weekly highlight: expect strong sales momentum to last longer
China Auto Sector–Strong 4Q23 sales mixed with rising competition