UBS Equities-China Equity Strategy _A-share Q125 earnings review earning...-115218183
A-share Q125 earnings review: earnings growth Overall A-share earnings +3.5% YoY in Q1, +4.2% YoY ex-financials Overall A-share earnings grew 3.5% YoY in Q125 (Figure 10), a notable uplift from 13.7% YoY in Q424. Thanks to faster GDP growth in Q1, non-financial sectors' earnings