Neutral takeaways from post-results briefing call Refining more complex than first thought; teapot threats; more cost cutting Upbeat guidance given at the briefing following the strong earnings beat 医院床位扩张驱动增长 Div cut; Is bullish mkt sentiments sustainable post Investor Day? 2016年天然气需求增长仍不容乐观 新产品有序推进，技术优势明显 年报点评：海外业务协同效应开始体现，全新管理模式下未来增长依旧可期 艰难时期已经过去，未来发展有待观察 移动端爆发式增长 继续打造棋牌游戏O2O生态