CD

CD remains in a persistent Stage 4 decline with confirmed lower highs and lower lows, trading below all key moving averages. A recent oversold bounce has stalled into declining EMAs, presenting a favorable sell-entry opportunity into resistance at the 9 EMA and 21 EMA. Medium-term downward momentum is intact, and long-term trend remains bearish.

• ↑Q2 revenue RMB1,553.8 m, up 49.7% YoY
• ↑Adjusted EBITDA RMB816.1 m, margin at 52.5%
• ↓Net margin at 14.1%, hit by rising utility costs