增长预计有限，维持“中性” 金属业务增速回调，3D玻璃或于2H18放量 Further margin deterioration, downgrade to Neutral FY17 results beat consensus; RMB100bn milestone by 2020 FY17 beat on credit cost and tax; raised dividend payout Valuation at historical trough 技术分析 FY17 beat on lower costs; lift TP to HK$21.60 Resilient Asset Quality With Solid Capital Position 2017年年度业绩超过市场预期，维持“买入”评级