【招商证券】 Near term challenges should fade into gradual recovery.pdf

Gradual revenue and margin recovery in FY23

Acceding Countries’ Gradual Integration into the EU Single Market

China Economy – Economy further weakens with gradual policy easing ahead

Gradually back on the right track

Deflation continues with gradual improvement ahead

FY22 largely in-line; Gradual recovery on track

China Economy: Economy further weakens with gradual policy easing ahead

1Q23 results beat and gradual recovery is likely

China Economy: Deflation may gradually alleviate after credit loosening

China Internet: China online advertising: onset for gradual recovery in 2023E