【招银国际】–1H24 results beat and a resilient strategy.pdf

–1H rev／np +23%／25%; a neat beat on tea beverage

Core earnings a nice beat; Cloud revenue growth has the potential to accelerate further

NEV sales push at month-end leads to Oct beat

China Economy – PMI beat expectations as economy continues to recover

1Q24 core earnings beat estimates; Shifted to profitable growth strategy

May NEV retail share to hit 45%; NIO beat

The first results beat in a long while

Semiconductors: Nvidia’s 1Q beat and solid 2Q guidance confirm AI demand remains resilient

4Q22 beat; FY23E margins likely overestimated

Standard beats size in Europe’s offshore wind