【招银国际】FY25 to regain traction after 2H24 slowdown.pdf

Outperforming FY22E, promising FY23E and not-far-fetching FY25E target

FY25 商务部评估计划

3Q24 recovery on track; Poised to benefit from XR/TWS/gaming product launches in 2H24/FY25E

英伟达FY25Q1业绩点评：Q1业绩和Q2指引超预期，B系列加快出货、预计FY25贡献显著

3Q24 GPM provides confidence for FY25 sales

Cambodia - Country Gender Action Plan FY25-FY29

在海外 ， 新模式将在 24 季度核心收益上线后支持 FY25

3Q miss; new models, cost cut as key in FY25

Zambia - Country Partnership Framework for the Period FY25-FY29

3Q24 NEV sales and profits pave way for FY25