【招银国际】Higher consumer internet revenue contribution boosted margin.pdf

Awaiting recovery of ads revenue growth

China Technology–SMIC／Hua Hong Semi 3Q23：in-line revenue; ASP／GPM pressure to persist into 4Q23E

Inline 3Q23 results; strong music subscription revenue growth

Saving Lives While Raising Revenue

3Q results review: Solid revenue growth with lower margin

2022 Hotel Room Revenue by State

2022 State and Local Tax Revenue by State

2H24 preview: both revenue, NP stable HoH

–Games revenue growth accelerated with solid margin expansion

Fire Up Your B2B Revenue Generation Engine