研究报告全文：GUOTAIJUNANINTERNATIONALUniverseWeeklyUpdate国泰君安国际研究股票每周更新30December2022ChangesinthepastweekEarningsEstchg06865HKFLATGLASS-HInitialcoverageRatingisbuy6to18monthstargetpriceis2570N06110HKTOPSPORTS6to18monthstargetpriceisrevisedupwardsfrom600to700N00285HKBYDELECTRONIC6to18monthstargetpriceisrevisedupwardsfrom2497to3069Y02380HKCHINAPOWER-RY09889HKDRCB-HInitialcoverageRatingisbuy6to18monthstargetpriceis958N03738HKVOBILEGROUPInitialcoverageRatingisbuy6to18monthstargetpriceis573NTableofcontentsPageSectorsandrelatedlistedcompaniesPage1AutomobilesBankingComputerConsumer--TextilesApparelConsumerFoodBeverageElectronicsEnergyOperationGamingPharmaceuticalBiotechnologyConstructionEngineeringPage2MachineryMediaCultureNewEnergyNon-BankFinanceNonferrousmetalsPortsPropertyPulpPaperLightIndustryShippingandlogisticsTelecommunicationWholesaleRetailCompanyRatingDefinitionTheBenchmarkHongKongHangSengIndexNASDAQCompositeIndexTimeHorizon6to18monthsRatingRelativePerformanceBuyRelativePerformance15orthefundamentaloutlookofthecompanyorsectorisfavorableAccumulateRelativePerformanceis5to15orthefundamentaloutlookofthecompanyorsectorisfavorableNeutralRelativePerformanceis-5to5orthefundamentaloutlookofthecompanyorsectorisneutralReduceRelativePerformanceis-15to-5orthefundamentaloutlookofthecompanyorsectorisunfavorableSellRelativePerformance-15orthefundamentaloutlookofthecompanyorsectorisunfavorableCompliedbyEsabellaZhao赵舒蔓8675523976681shumanzhagtjascomhk第1页GUOTAIJUNANINTERNATIONALUniverseWeeklyUpdate国泰君安国际研究股票每周更新30December20226to18MonthsTargetEPSDPSNETPROFITMnNBVROEDateofLastStockCodeCompanyNameRatingCurrencyAnalystUpdateHKUS20A21A22F23F24F20A21A22F23F24F20A21A22F23F24F20A21A22F23F24F20A21A22F23F24FddmmyyyyAutomobiles00175GEELYAUTOAccumulate1869RMB0565048107401099131902000210037105570675553448477267107891294970897643826391811020294731021381492306202200489DONGFENGGROUP-HAccumulate557RMB12491317127416001869010003000510064007901076111351109791378916101163801764920165211552231182806980890809202202333GREATWALLMOTOR-HBuy1593RMB0584072811911513207302800370059507561037536267261090813855189886249672773678123915996113168195240IvanWu0812202201114BRILLIANCECHI-RNotRatedNARMB0941199921341327009700970097009747451008310765669751726392770183591583463031652106202102238GACGROUP-HBuy951RMB0583073309061112137401820224027203340412596475119290113991408482418809941110151110697286991131282306202201958BAICMOTOR-HNeutral270RMB023904810597082309160080016001980274030520313858478466007344648766777082764282644074881141172503202203808SINOTRUK-RNeutral951RMB24811565154716651773104006800512057506076851432242724598489511632129201378714940161382341281161161141204202201316NEXTEER-RBuy840USD004700470009008801430009001000020022003611711823221359075107790786085209606362121071581909202200305WULINGMOTORS-RNeutral104RMB0012000700000015003800030002000000020006332415012404800570056805800618241400266306052022Banking09889DRCB-HBuy958RMB08460927093310861291026002900333038804624857559064257483889562976878747781759005139134130139150RichardCao3012202201398ICBC-HBuy618RMB0860095010501150125002700290032003500380315906348338384641419218456704748081508890972010620120122124124123RichardCao3110202202139BANKOFGANSU-HAccumulate137RMB00550038004100570096000000000004000600125585716128641452208621252161221222972018192643RichardCao1609202200005HSBCHOLDINGSBuy5982USD0193062406140701079301520251027103500396522913917137711564317535862287608949931097092372697783RichardCao0411202203698HUISHANGBANK-HAccumulate328RMB0717076509191098131500000089010301230146957011460132851577618795626770967872886310063110114123131139RichardCao1609202202388BOCHONGKONG-RBuy3765HKD250521732639322336481242113013191612182427863243482928635467399572967830406319153372035684907789102109RichardCao0111202200939CCB-HBuy656RMB108012101280136014500330036003800410043027105030251331996333930336138190609950109001187012910121126117114112RichardCao3110202203968CMBANK-HBuy4517RMB3790461052705920660012501520158017801980956911163091328221492961664372536029010329003724042070157170170169166RichardCao31102022Computer00909MINGYUANCLOUDAccumulate771RMB048001850041005000950069005500100012002370434477931773525316630703129321220755131630DanielTao1808202203888KINGSOFTAccumulate2780RMB734802890105022904320168009800520069010810045395144314590179681808818231184871891052216061223DanielTao2209202200268KINGDEEINTLBuy2020RMB010100920115006400090000000000000000000033530237720830218822472249237925954939492603DanielTao11112022Consumer--TextilesApparel02020ANTASPORTSBuy10600RMB19192870299238194795057513041788267033535162772081191041513112888310699123521409615893234292260289320HansenTang1810202201361361DEGREESBuy470RMB020102910353041604800000000000000166019241560272986099236594138456649805371648898105112HansenTang1910202206110TOPSPORTSBuy700RMB04470395034304230473064004300240029603312770244721292626293615651706180919362078274241195226236HansenTang26122022Consumer--FoodBeverage00322TINGYIAccumulate1490RMB07220676050206780834072211200946067808344062380228273820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CSEC-HSHARES06030HKAACTECHNOLOGIESHOLDINGS02018HKSUNNYOPTICALTECHNOLOGY02382HKSINOPHARMGROUP-HSHARES01099HKCNOOC00883HKWUXIBIOLOGICS02269HKGEELYAUTOMOBILE00175HKBYDCOMPANY-HSHARES01211HKCHINACONSTRUCTIONBANK-HSHARES00939HKINDUSTRIALANDCOMMERCIALBANKOFCHINA-HSHARES01398HKBOCHONGKONG02388HKBANKOFCHINA-HSHARES03988HKHSBC00005HKPINGANINSURANCE-HSHARES02318HKCHINALIFEINSURANCE-HSHARES02628HKTENCENT00700HKMEITUAN-W03690HKCHINATOWERCORPORATION-HSHARES00788HKXIAOMICORPORATION01810HKALIBABA09988HKNETEASE09999HKJDCOM09618HKSMIC00981HKALIBABAHEALTH00241HKLOGANGROUP03380HKBIDU-SW09888HKmentionedinthisResearchReport6GuotaiJunananditsgroupcompanieshavenotemployedanindividualservingasanofficerofanyissuersmentionedinthisResearchReportThereisnoofficerofanyissuersmentionedinthisResearchReportassociatedwithGuotaiJunananditsgroupcompaniesDISCLAIMERThisResearchReportdoesnotconstituteaninvitationoroffertoacquirepurchaseorsubscribeforsecuritiesbyGuotaiJunanSecuritiesHongKongLimitedGuotaiJunanGuotaiJunananditsgroupcompaniesmaydobusinessthatrelatestocompaniescoveredinresearchreportsincludinginvestmentbankinginvestmentservicesandetcforexampletheplacingagentleadmanagersponsorunderwriterorinvestproprietarilyAnyopinionsexpressedinthisreportmaydifferorbecontrarytoopinionsorinvestmentstrategiesexpressedorallyorinwrittenformbysalespersonsdealersandotherprofessionalexecutivesofGuotaiJunangroupofcompaniesAnyopinionsexpressedinthisreportmaydifferorbecontrarytoopinionsorinvestmentdecisionsmadebytheassetmanagementandinvestmentbankinggroupsofGuotaiJunanThoughbestefforthasbeenmadetoensuretheaccuracyoftheinformationanddatacontainedinthisResearchReportGuotaiJunandoesnotguaranteetheaccuracyandcompletenessoftheinformationanddatahereinThisResearchReportmaycontainsomeforward-lookingestimatesandforecastsderivedfromtheassumptionsofthefuturepoliticalandeconomicconditionswithinherentlyunpredictableandmutablesituationsouncertaintymaycontainInvestorsshouldunderstandandcomprehendtheinvestmentobjectivesanditsrelatedrisksandwherenecessaryconsulttheirownfinancialadviserspriortoanyinvestmentdecisionThisResearchReportisnotdirectedatorintendedfordistributiontoorusebyanypersonorentitywhoisacitizenorresidentoforlocatedinanyjurisdictionwheresuchdistributionpublicationavailabilityorusewouldbecontrarytoapplicablelaworregulationorwhichwouldsubjectGuotaiJunananditsgroupcompaniestoanyregistrationorlicensingrequirementwithinsuchjurisdiction2022GuotaiJunanSecuritiesHongKongLimitedAllRightsReserved27FLowBlockGrandMillenniumPlaza181QueensRoadCentralHongKongTel8522509-9118Fax8522509-7793Websitewwwgtjaicom第4页