【招银国际】4Q23E earnings surged 31-71% YoY, above expectation.pdf

Earnings beat with double surprises on dividend payout; Maintain Buy

网易：3Q20 Earnings Call-20201119

1H23E earnings preview： All eyes on the Galaxy

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

Quality growth strategy underpins strong earnings growth

4Q22 earnings miss; sales may rise QoQ in FY23E

1Q23 earnings miss on gross margin

Solid 1Q24 with better 2H24 earnings ahead

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

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