Solid revenue and profit growth could continue
China EconomyPMI contraction indicates continuous policy easing in 2024
Natural gas HDT +14.8x YoY in Oct on low base; Expect momentum to continue; Weichai our top pick
–3Q23 earnings surged 120-200% YoY; Strong gas trucks sales continue to be key driver
China’s Economy：Fiscal Expansion Shall Continue rather than Stop– Comment on May Fiscal Data
–Share gain continued in Golden Week
China Technology - 4Q22 global smartphone shipment down 18% YoY; Continue to prefer non-smartphone plays
Science in Continuing Education for Pastors Pilot Project
Short-term headwind continues; strategic upgrades to drive long-term growth
China Economy – PMI indicates continuous economic recovery
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