| 美团 (3690 HK) - 高客单份额稳固；期待26年盈利复苏 | 李怡珊,王腾杰 | 2025-11-30 |
| MEITUAN (3690 HK) - High-ASP share solid; Anticipate 2026E recovery | Li Yishan, Crystal,Wong Tang Kit, Tommy | 2025-11-30 |
| Li Auto (2015 HK) - MEGA-driven 3Q25 loss, downgrade to HOLD due to lack of catalysts in the short term | Liang Yonghuo,Harrison, Yin Haocheng | 2025-11-30 |
| 理想汽车(2015 HK) - MEGA召回致三季度亏损，缺乏短期催化剂下调至中性 | 梁勇活,殷浩程 | 2025-11-30 |
| China Metals & Mining Sector - Thermal coal prices stabilizing with potential upside as demand recovers | CMS (HK) Research | 2025-11-28 |
| China Agricultural Sector - Hog prices declining despite a peak season, sow capacity reduction accelerating | CMS (HK) Research | 2025-11-28 |
| 艾拉伦制药 (ALNY US) - 管理层交流反馈：Amvuttra全球商业化强劲推进及主要临床项目进展 | 陈铸鸿,谭震,陈泓道 | 2025-11-27 |
| Alnylam Pharmaceuticals (ALNY US) - NDR takeaway: Strong Amvuttra global commercial uptake and key clinical programs updates | Chen Zhuhong, Jonah,Tan Zhen,Chen Hongdao, George | 2025-11-27 |
| China Macro Economy - Awaiting the Rally | CMS (HK) Research | 2025-11-27 |
| 阿里巴巴 (BABA US) - AI云业务前景乐观，即时零售达成里程碑 | 李怡珊,王腾杰 | 2025-11-26 |
| Alibaba (BABA US) - Sanguine AI + cloud outlook with quick commerce milestone | Li Yishan, Crystal,Wong Tang Kit, Tommy | 2025-11-26 |
| 小马智行 (PONY US) - 三季度Robotaxi超预期，单车模型跑通推动规模化落地 | 梁勇活,殷浩程 | 2025-11-26 |
| PONY AI (PONY US) - Robotaxi outperformed in 3Q25, single-vehicle UE breakeven enables large-scale deployment | Liang Yonghuo,Harrison, Yin Haocheng | 2025-11-26 |
| 速腾聚创 (2498 HK) - 三季度亏损扩大但四季度将扭亏，明年出货指引强劲 | 梁勇活,殷浩程 | 2025-11-26 |
| Robosense (2498 HK) - 3Q25 loss widened, but 4Q25 profitability expected with strong shipment outlook for next year | Liang Yonghuo,Harrison, Yin Haocheng | 2025-11-26 |
| 亚朵 (ATAT US) - 业绩超预期，指引上调 | 黄铭谦 | 2025-11-26 |
| Atour Lifestyle (ATAT US) - Beat-and-raise | Wong Ming Him, Joseph | 2025-11-26 |
| 全球医药、医疗行业 - 全球医疗产业升温，10月投融资创新高，医疗器械表现亮眼 | 陈铸鸿,谭震,陈泓道 | 2025-11-25 |
| Global Pharmaceutical & Healthcare - Healthcare Roars Back: Record October, Medical Devices Shine | Chen Zhuhong, Jonah,Tan Zhen,Chen Hongdao, George | 2025-11-25 |
| China Macro Economy - Under the Microscope: Demand drivers for reflation next year | CMS (HK) Research | 2025-11-25 |