【招商证券】 Positive profit alert for FY23E.pdf

FY23 results missed and a moderate outlook

Sequential margin contraction indicates inventory digestions may persist till FY23E

Gradual revenue and margin recovery in FY23

4Q22 earnings miss; sales may rise QoQ in FY23E

FY23/24中期业绩点评：压铸订单延迟交付，下半财年业绩有望恢复增长

FY23 中国销售线索营销应用现状及趋势

FY23经营压力释放，FY24展望积极

Expect a year of mild recovery in FY23

中国汽车行业:2h22e可能节拍;fy23e共识被夸大

FY23 大部分是在线 ； 预计在 FY24E 缓解逆风