CITIC Securities warns that rapid growth in A‑share offshore revenue does not imply stable RMB profits. FX affects reported results through revenue, costs, exchange gains/losses, derivatives and other comprehensive income (OCI). It recommends incorporating FX into earnings models, flagging firms with high offshore revenue and high FX sensitivity as sources of earnings‑surprise risk, preferring high‑offshore/low‑sensitivity profit‑stable names, and warning of firms with large foreign‑currency deb

以色列國防部長卡茨：如果以色列領土遭打擊，以色列國防軍有權在貝魯特作出迴應。

Analogue IC sector is shifting from inventory-cycle repair to demand recovery, price rebound and structural upgrade, CITIC Jian... research says. Aggressive price increases by overseas leaders have created pricing room and eased profit pressure on Chinese suppliers from prior low‑price competition, supporting a stabilization and rebound in industry gross margins. Over the next few quarters, as AI infrastructure spending scales, firms with high‑performance, low‑latency analog technologies are expected to retain a competitive edge in the AI-driven industry reshuffle.