【招银国际】1H24 profit alert points to solid 2Q results.pdf

Expecting solid 4Q24 results driven by home appliance trade-in program

Expect solid 2023E earnings; Higher free float to boost valuation

Solid 1H24 earnings, better NEV outlook

Solid cloud rev growth with improved earnings growth outlook for e-commerce business

3Q24 first take: Earnings in-line with solid margin recovery; Focus on GB200 products in 4Q24E

Solid 1H24 with balanced sources of growth, maintain BUY

Expecting a solid 1H23

China Economy: Solid growth to meet incoming headwinds

Solid Feb NEV sales with many new models on the way

Solid 3Q with intact near-term prospects; Maintain BUY