【招银国际】Narrower loss possible,4Q25 breakeven unlikely.pdf

–Homegrown brands likely to narrow loss in 2H23

Strong sales in Q3, with a narrowed net loss

Xpeng Inc. (XPEV US) 4Q22E net loss to narrow; sales as key to FY23

A Xylem AMI metrology solution helps to reduce water loss by 80,000m³ per annum

4Q22E net loss to narrow; sales as key to FY23

State-by-State Hotel Revenue, Tax and Job Loss

Macro headwinds weighed on growth; loss reduction on track

Net loss in 4Q24 further narrowed; target to achieve 97% revenue growth in 2025E

2Q loss reduction trend better than expectation

A Multi-Country Study of Forward-Looking Economic Losses from Floods and Tropical Cyclones