Possibly better trends in 2H In line with expectations; peak MUs delivery in 2014E; Neutral Profit performance in line with expectation Terminating coverage CR Power's generation and coal output in 1Q Excavator sales volume performance in March below expectation Supertanker Grounded - but nonproductive capital now at peak? Above expectations on sales beat; Buy CRCC (A) and Neutral on H What to do after share price correction China Reform Special：SOEs: how they can close the gap on the private sector