2021年中报业绩点评：非风电领域业务快速扩张 2021年半年度业绩点评：上半年业绩稳健，高质量发展可期 2021中报点评：业绩符合预期，积极研发将保持竞争优势 业务量持续高增，数字化释放成效 经营业绩大幅增长，验证规模化精品生产能力 营收利润双升，向成长蜕变 毛利率探底回升，三条红线保持绿档 2021年半年度业绩点评：Q2净利率大幅提升，国窖势能持续向上 2021年中报点评：自主品牌增长强劲，合资品牌企稳回升 化妆品新规短空长多，Q2调整、期待后续修复

4Q16 likely a strong season for margins EM TODAY HK Market Quarterly Outlook and Sector Update Giant Steps CEEMEA & Latam Daybook Model Update Model Update Lowering Postpaid Net Adds for T & VZ, Raising for S & TMUS; Activity Subdued, But New Promotions Will Come Spot rates fell w/w as A-E routes started to give back gains achieved post HJS bankruptcy; Transpac rates remain steady Gas suppliers to raise prices in winter? Russia overtakes Saudi as largest oil exporter to China