【招银国际】 We expect 2H22E net profit to fall 23% YoY.pdf

what-can-we-expect-in-china-in-2018

Unable to meet the expectation of dual engines

–1H23 worse than expected on slow recovery; Maintain HOLD

China Property Sector – NBS 2M23 data： Strong as expected

what-can-we-expect-in-china-in-2017

4Q23E earnings surged 31-71% YoY, above expectation

China Economy – Exports continued to beat expectations with uncertainty ahead

U.S. Inflation Expectations During the Pandemic

China Economy – PMI beat expectations as economy continues to recover

We expect prudent guidance but decent margins