Key Takeaways：
1. Baidu Core delivered strong Q3 results despite challenges in the macro climate, with a focus on generative AI and foundation models like ERNIE and ERNIE Bot to transform product usage and business operations for users and customers. Baidu's mobile ecosystem continues to exhibit steady growth, while online marketing revenue has increased by 5% YoY.
2. Although AI cloud revenues declined by 2%, Baidu r...

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On November 16th, NetEase released its Q3 earnings report. On the same day, J.P. Morgan issued a commentary on NetEase's Q3 earnings report, stating that the company had performed strongly in the third quarter with profits exceeding expectations, mainly due to the expansion of online game profits.
1. Valuation
Stock Rating: Overweight
Closing price (at the time of the...

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On November 21st, Baidu released its Q3 earnings report. On November 22nd, JPMorgan released its analysis of the report, stating that Baidu's profitability remained strong and that it was able to rapidly monetize the use of artificial intelligence (AI) in consumer, advertising, and enterprise markets.
I. Valuation
Stock rating: Overweight
Closing price on the day of the f...

Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street’s predictions. But the company called for a negative impact in the next quarter because of export restrictions affecting sales to organizations in China and other countries.
“We expect that our sales to these destinations will decline sig...

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Kuaishou Technology released its Q3 2023 earnings report on November 21th.
Key Takeaways：
1. Kuaishou reported a robust financial performance in Q3 2023, with group-level net profit increasing quarter-over-quarter to RMB2.18 billion and adjusted net profit of RMB3.17 billion, attributed to consistent growth across core businesses and financial management efforts. The com...

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Xiaomi Corporation released its Q3 2023 earnings report on November 20th.
Key Takeaways：
1. The speaker highlights three main points in their speech. Firstly, Xiaomi achieved a robust performance in Q3 2023, with year-over-year revenue growth for the first time in six quarters, and record-high gross profit margins in mobile phones and IoT. Sec...

XPeng Inc.  released its Q3 2023 earnings report on November 15th.
Key Takeaways：
1. XPeng's CEO reported that the company has entered a virtuous cycle stage, driving improvements in sales, brand image, team morale, and free cash flow. XPeng is committed to being a leader in ADAS technology and plans to expand its coverage to 50 cities by the end of this year. The company achieved a record-brea...

On November 15th, Xpeng released its Q3 financial report. On November 16th, CMB International released a review of Xpeng' Q3 financial report, stating that the company's gross profit margin in the third quarter was lower than expected, and that it faces increased competition and profitability challenges in the future.
1. Valuation
...

Walmart Inc.  released its Q3 2024 earnings report on November 16th.
Key Takeaways：
1. Walmart's value proposition is resonating with customers, leading to share gains and growth in e-commerce sales. The company experienced strong revenue growth across all segments during the quarter and is expected to grow adjusted operating income faster than sales for the year. E-commerce sales increased g...

Key Points:
1. NetEase reported a total net revenue of RMB27.3 billion in Q3 2023, up nearly 12% YoY, with a net profit of RMB7.8 billion, an increase of 17%. Many of NetEase's games had good performance in Q3, including Fantasy Westward Journey, Eggy Party, Naraka: Bladepoint, as well as newly launched games like Justice Mobile Game, Racing Master and Dunk City Dynasty.
2. NetEase also detailed the fea...