No longer a black box Guangzhou R&F First Look at Interims Brighter prospects ahead UW: Still tough out there Downgrade to UW：Sell ahead of resul ts；consensus toooptimistic Stable performance Shimao Property Holdings Results better; Strong sales growth prospects Shimao Property 813 HK Growth at full speed OW: Positive tone - production gains offset cost inflation In line with expectations：volume on track with higher oil mix，Buy