2Q17 revenue in line; downgrade on lower 2H17 revenue growth and margin pressure 上半年业绩高于预期，公司经营保持稳健上升态势，提高评级至“买入” 逾期3个月以内增幅大，不过重庆区域经济依然强劲 Margin deteriorated due to surge of railway related costs 中期业绩会纪要，公司核心业务发展依然稳健，维持“买入”评级 Transitioning from metal casing story to the next growth drivers 1H17 results in line; positives on FY18/19 outlook 1H17 results review: high earnings visibility and generous payout 2Q17 results beat; expect full-year profit in 2017 1H17 results review – margin pressure remained; decline in contribution from associates dragged earnings growth