Earnings Review: 1H18 above expectation on solid operation: Attractive valuation post correction; upgrade to Buy 业务转型步入正轨 半年业绩亮丽，上调全年销售目标 Steady growth in proportionated revenue Earnings miss, but both life and P&C show quality improvements 2018上半年净利润增长66%符合预期，受惠减值损失下降 Above expectations, delivering in both auto & non-auto lines 2018上半年核心净利润增长46%，略高于预期 2018年中期业绩符合市场预期，维持“买入”评级 Earnings beat, life business quality improves, but more is needed