N(V): Enters investment phase for game growth Zhaojin Mining：Sequential improvement but still weak Cautious on weak wholesale trend and turnaround plan Seasonal strength, but overcapacity remains Poor 3Q results, earnings dropped by 17% YoY A forgiving valuation supported by in-line Q3 update Consensus-beating results with strong revenue momentum 3Q13 in line; V-shape recovery likely in 4Q13E Q3 beat on volume；stronger Q4 expected 3Q earnings surged by 45% YoY, oil business growth strong