【招银国际】More visible path to achieve profitability; U/G to BUY.pdf

Positive profit alert for FY22; eyeing for a good FY23E

3Q24 net profit +38% YoY, beat expectations; US remains the most promising market

Net profit 1H24 +2.7x YoY, beat expectations

1H23E preview： Expect profit decline on weak coal price

3Q24 NEV sales and profits pave way for FY25

Decarbonizing Logistics: The Tech and Strategies Driving Greener, More Profitable Supply Chains

–2Q23 net profit +81% but largely due to low base & FX gain; Staying cautious on export

Bank Profits and Bank Taxes in the EU

Still no sign of turning profitable

Serviced counters as a profitability lever in grocery retail