–1H23 weakness amid industry headwinds; Positive on margin recovery in 2H23／FY24E
China Economy–Trade remains weak as base effect narrows its slump
China’s Economy-HSBC PMI Rebounds, Economy Continues Pattern of Weak Stability：June HSBC Flash PMI Commentary
–Weak revenue growth in the price; overseas growth story still intact
Weak 2H22 as expected; IoT／auto CCM poised to drive recovery in 2023
1H23 Preview: expect weakness in-line; Back-end loaded in 2H23E
1H24 preview： margin weakness priced in; expect gradual ASP/margin recovery in 2H
1H23E preview： Expect profit decline on weak coal price
China Economy Weak credit demand calls for easing policy
China Economy: Weak inflation points to easing policy stance ahead
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