业绩略超预期，纵深下沉布局 笃行不止，业绩持续强劲 Solid 1H2018 results; Growth story remains intact; Maintain BUY Chairman: 50% earnings growth is achievable Huge 1H18 beat – BUY WCC, the most undervalued China cement stock Key takeaways from analyst meeting;reiterating our Buy recommendation Conf. call takeaway: sell-off seems to be overreacted AUM在市场弱势时仍能稳中有升，中国市场是亮点 1H18 results in line; expecting an improving 2H 2H18 and beyond - maintaining Buy