【招银国际】2Q23 was inline and FY23E guidance stayed.pdf

Positive profit alert for FY23E

BYD Company (1211 HK) 4Q22 beat; FY23E margins likely overestimated

天合光能FY23&1Q24业绩会要点：

FY23加大折扣以加速库存恢复正常

Expect a year of mild recovery in FY23

China Catering Sector: Customer traffic recovering; to drive margins in FY23

Surging PHEV sales at cost of FY23E net profit

FY23业绩超预期，技术进步+产能扩张持续驱动未来高增长

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

中国汽车行业:2h22e可能节拍;fy23e共识被夸大