Resilient FY22／1H23 despite industry headwinds
Headwinds in 4Q24 in both China & export;Eyes on policy-driven recovery in 2025
Macro headwinds weighed on growth; loss reduction on track
–Headwinds endure
–1H23 weakness amid industry headwinds; Positive on margin recovery in 2H23／FY24E
cRPO growth moderating on macro headwind
1Q23 dragged by higher investments and macro headwinds; Maintain BUY on 2H recovery
European Economics Analyst: Euro Area Outlook 2024: Fading Headwinds
-香港--Chinasoft -354 HK- Growth resilient against macro headwinds -221019
–Resilient 3Q23 despite macro headwinds; Positive outlook for auto and comm. business
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