| 【Company Research】PICC P&C (2328 HK) - Robust 1H delivery of CoR; overseas expansion yields to a second growth trajectory |
| 【公司研究】中际旭创 (300308 CH) - 收入和盈利创新高，利润率显著提升；维持“买入”评级 |
| 【Company Research】WuXi XDC (2268 HK) - A rapidly-growing leader in global XDC field |
| 【Company Research】Horizon Robotics (9660 HK) - 1H25 results: ASP and volume surged, driving 68% sales growth |
| 【Company Research】BYDE (285 HK) - 2Q25 upbeat; Multiple growth drivers in foldable iPhone, auto and AI server (liquid cooling, power, 800G/1.6G/CPO) |
| 【Company Research】Haier Smart Home (6690 HK) - 2H25E outlook to stay positive backed by multiple strengths |
| 【Company Research】Mindray (300760 CH) - Weak 1H25, recovery expected from 3Q25E |
| 【Company Research】United Imaging (688271 CH) - Accelerating earnings growth momentum |
| 【Company Research】Weichai Power (2338 HK/000338 CH) - 1H25 results dragged by higher expenses; Expect a better 2H25E |
| 【Company Research】Naura Technology (002371 CH) - Intact long-term growth trajectory despite seasonal fluctuations; Maintain BUY |
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