200% YoY; Strong gas trucks sales continue to be key driver
China Property Sector – Feb sales a strong beat; Raise 2023 forecast
Quality growth strategy underpins strong earnings growth
Property: Weekly highlight: Strong WoW recovery at Mar end,policy relaxation continued
–NDR takeaways：Strong order backlog in 2H23E; Solid pipeline to drive growth into FY24／25E
–Strong 3Q results on accelerating AI revenue
Strong AI capability to empower business growth
Expect strong sales in 2023 driven by the US approval of zanubrutinib in CLL
China Auto Sector – Strong June provides more confidence for 2H23
Strong and sustainable non-COVID growth
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