CICC Research Stock Recommendations and Price Targets

This is a list of recent ratings by CICC Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/23/2023	ALGN Align Technology	Initiated Coverage	$311.00		Market Perform	Low
3/17/2023	FDS FactSet Research Systems	Initiated Coverage	$393.00		Outperform	Low
2/21/2023	ALB Albemarle	Initiated Coverage	$216.00		Market Perform	Low
1/12/2023	BX Blackstone	Initiated Coverage	$84.00		Outperform	Low
12/30/2022	GNNSF Genscript Biotech	Initiated Coverage	$2.00		Outperform	Low
11/24/2022	LVS Las Vegas Sands	Initiated Coverage	$55.00		Outperform	Low
10/31/2022	TAL TAL Education Group	Upgrade	$6.00		Market Perform ➝ Outperform	Low
9/19/2022	INTU Intuit	Initiated Coverage	$432.00		Market Perform	Low
8/22/2022	DAO Youdao	Upgrade	$9.00		Market Perform ➝ Outperform	Low
8/8/2022	LTHM Livent	Initiated Coverage	$20.00	$27.30	Outperform	Low
7/14/2022	EDU New Oriental Education & Technology Group	Upgrade	$39.00		Market Perform ➝ Outperform	Low
5/9/2022	CRM Salesforce	Initiated Coverage	$187.00		Outperform	Medium
5/9/2022	LU Lufax	Initiated Coverage	$2.00		Outperform	High
5/9/2022	MLCO Melco Resorts & Entertainment	Downgrade	$12.00		Outperform ➝ Market Perform	High
5/6/2022	FINV FinVolution Group	Initiated Coverage	$4.00		Outperform	High
5/2/2022	TAL TAL Education Group	Downgrade	$6.00		Outperform ➝ Market Perform	High
4/27/2022	SE SEA	Initiated Coverage	$84.00		Outperform	Low
2/14/2022	ZM Zoom Video Communications	Initiated Coverage	$69.00	$182.92	Outperform	High
12/2/2021	JKS JinkoSolar	Upgrade	$48.00		Market Perform ➝ Outperform	High
7/14/2021	BNR Burning Rock Biotech	Initiated Coverage	$3.00	$39.94	Outperform	High
7/7/2021	TSP TuSimple	Initiated Coverage	$1.00	$78.70	Outperform	High
7/2/2021	CNTB Connect Biopharma	Initiated Coverage	$1.00	$27.00	Outperform	High
6/17/2021	NOAH Noah	Upgrade	$18.00	$53.50 ➝ $57.80	Market Perform ➝ Outperform	High
6/2/2021	ZH Zhihu	Initiated Coverage	$1.00		Outperform	Low
5/5/2021	LX LexinFintech	Initiated Coverage	$2.00	$12.80	Outperform	Low
4/2/2021	BABA Alibaba Group	Initiated Coverage	$87.00		Outperform	N/A
3/8/2021	YSG Yatsen	Initiated Coverage	$1.00	$23.30	Outperform	High
3/4/2021	TIGR UP Fintech	Initiated Coverage	$3.00	$30.60	Outperform	High
1/27/2021	KGDEY Kingdee International Software Group	Upgrade	$166.00		Underperform ➝ Market Perform	Low
1/26/2021	BZUN Baozun	Downgrade	$6.00	$36.00	Outperform ➝ Market Perform	High
1/22/2021	TAL TAL Education Group	Upgrade	$6.00	$88.00	Market Perform ➝ Outperform	Medium
1/19/2021	MNSO MINISO Group	Initiated Coverage	$17.00		Outperform	Low
1/18/2021	DADA Dada Nexus	Initiated Coverage	$8.00		Outperform	N/A
12/9/2020	JKS JinkoSolar	Downgrade	$48.00		Outperform ➝ Market Perform	High
11/25/2020	CSIQ Canadian Solar	Upgrade	$38.00	$48.00	Market Perform ➝ Outperform	High
10/20/2020	CTRYF Country Garden	Upgrade	$0.00		Neutral ➝ Outperform	Low
10/14/2020	NIU Niu Technologies	Initiated Coverage	$4.00	$31.00	Outperform	High
9/28/2020	BEKE KE	Initiated Coverage	$19.00		Outperform	High
8/3/2020	CICOF COSCO SHIPPING	Upgrade	$1.00		Neutral ➝ Outperform	High
7/21/2020	NIO NIO	Upgrade	$9.00	$13.50	Neutral ➝ Outperform	High
6/10/2020	SIG Signet Jewelers	Reiterated Rating	$73.00		Sell	High