【BCG】What’s Missing from Your AI Transformation Is a Transformer.pdf

FY23 results missed and a moderate outlook

1Q23 earnings miss on gross margin

Danish Companies Miss the Mark on LGBT+ Inclusion

4Q22 miss; 5 new models in the next 5 months

TSF & CPI Missed Expectations,Property Demand Weakened

We see risks in 2H24E after the miss in 2Q24

–3Q rev／np -11%／40%; a significant miss

–2Q23 GPM miss; Still a long way for healthy GPM

Economics：TSF&CPI Missed Expectations，Property Demand Weakened

3Q CoR miss dragged by non-auto claims