–Sequential margin contraction indicates inventory digestions may persist till FY23E
Insurance funds: Life/P&C diverged in allocation; financial yields marginally recovered in 2Q
1Q24 beat on strong margins; Positive on upbeat SU7 delivery target
Gradual revenue and margin recovery in FY23
4Q22 beat; FY23E margins likely overestimated
2024年中报点评：NBV超越上年全年绝对额，Margin已达同业平均
FY22 preview： 2H22 UW margin improvement
–Games revenue growth accelerated with solid margin expansion
4Q24 margins lay foundation for FY25 earnings
公众号
小程序
社群
公众号小程序社群