每经AI快讯，三花智控(02050.HK)盘中一度涨超4% ，截至发稿，涨3.83%，报34.72港元，成交额2.65 亿港元。 ...

智通财经APP获悉，香港联交所最新资料显示，12月23日，GIC Private Limited减持三花智控 (02050)201.73万股，每股作价33.2434港元，总金额约为6706.19万港元。减持后最新持股数目为3200.75 万股，持股比例为6.72%。 ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4][10]. Core Insights - The company is a leader in thermal management and is accelerating its globalization process, with its robotics business opening new growth ceilings [3][7]. - The company achieved a total revenue of 24.03 billion RMB in Q3 2025, a year-on-year increase of 17%, and a net profit attributable to shareholders of 3.24 billion RMB, with a growth rate exceeding 40% [7][27]. - The report forecasts net profits of 4.253 billion RMB, 4.650 billion RMB, and 5.099 billion RMB for 2025, 2026, and 2027, respectively, with growth rates of 37.2%, 9.4%, and 9.6% [10][11]. Summary by Sections 1. Globalization and Business Expansion - The company has successfully listed in both A and H shares, enhancing its global competitiveness and financing channels [7][42]. - The company has a strong market position in traditional refrigeration components and automotive thermal management, with significant revenue contributions from both sectors [9][28]. 2. Mature Business: Strong Position in Refrigeration and Automotive Components - The traditional refrigeration business remains robust, contributing 64% of total revenue in H1 2025, while the automotive components business has rapidly increased its share to 36% [28][34]. - The company has maintained a leading market share in key refrigeration components, with electronic expansion valves and microchannel heat exchangers showing significant growth [50][58]. 3. Emerging Business: Energy Storage and Robotics - The energy storage and robotics sectors are expected to drive future growth, with the company leveraging its existing technology to enter these markets [9][12]. - The robotics division has been established to focus on high-value electromechanical actuators, with plans for mass production in collaboration with global clients [9][12]. 4. Financial Forecast and Valuation - The company is projected to achieve revenues of 24.56 billion RMB, 27.95 billion RMB, and 31.91 billion RMB from 2023 to 2025, with corresponding growth rates of 15.0%, 13.8%, and 14.2% [8][10]. - The report estimates a reasonable market capitalization of 1,433 billion RMB, indicating a potential upside of 12.3% from the current H-share market value [10][11].

格隆汇12月29日丨三花智控(02050.HK)发布公告，2025年12月29日耗资人民币4993.6万元回购102.71万 股A股，回购价格每股47.56-48.82元。 ...

智通财经APP讯，三花智控(02050)发布公告，于2025年12月29日，该公司斥资人民币4993.6万元回购 102.71万股A股，每股回购价格为47.56-48.82元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 浙江三花智能控制股份有限公司 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 002050 | 說明 | A股 (於深圳證券交易所上市) | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年12月24日 | 3,725,438,314 | | 6,039,221 | | 3,731,477,535 | ...

Core Viewpoint - Sanhua Intelligent Control (02050) has seen a stock price increase of over 4% during trading, currently up 3.83% at HKD 34.72, with a trading volume of HKD 265 million [1] Financial Performance - The company expects a net profit attributable to shareholders of approximately HKD 3.874 billion to HKD 4.649 billion for 2025, representing a year-on-year growth of 25% to 50% [1] - The net profit excluding non-recurring gains and losses is projected to be around HKD 3.679 billion to HKD 4.615 billion, with a year-on-year growth of 18% to 48% [1] Growth Prospects - According to Guotai Junan Securities, the company is actively expanding into new fields and steadily increasing production capacity, with expected annual growth rates of 20% to 30% in the coming years [1] - The company has announced a share buyback plan with an investment of HKD 300 million to HKD 600 million, having repurchased HKD 106 million worth of shares by the end of November, indicating potential positive effects on stock prices [1] Robotics Development - The company is optimistic about the future of robotics and is leveraging close partnerships with major clients to enter the robotics actuator market [1] - A robotics division was established this year, with increased R&D investment in robotics-related products [1] - The company plans to allocate 10% of its IPO proceeds (approximately HKD 700 million) to the robotics business and aims to hire 200 additional R&D personnel over the next three years [1] - Collaboration with major clients is ongoing for R&D and trial production, with expectations for mass production of client robotics products by 2026, indicating a potential breakthrough in the robotics business [1]

智通财经APP获悉，三花智控(02050)盘中涨超4% ，截至发稿，涨3.83%，报34.72港元，成交额2.65亿 港元。 群益证券还指出，公司坚定看好机器人发展前景，借助与大客户的紧密合作关系，切入机器人执行器赛 道。公司于今年成立了机器人事业部，加大了对机器人相关产品的研发投入。根据港股招股书，公司将 募集额的10%(即7亿元)投入机器人业务，未来3年将扩招200名研发人才。公司目前正在配合大客户进行 研发、试制。市场预计2026年大客户机器人产品将实现量产落地，公司机器人业务有望迎来突破性进 展。 消息面上，近日，三花智控发布公告，该集团预期2025年归属于上市公司股东的净利润约38.74亿-46.49 亿元，同比增长25%-50%；扣除非经常性损益后的净利润约36.79亿-46.15亿元，同比增长18%-48%。群 益证券发布研报称，随着三花智控积极拓展新领域，产能稳步扩张，预计公司业绩在未来几年仍将保持 20-30%的增长。公司此前公告将投入3-6亿元进行回购，截止11月底回购金额仅1.06亿元，预计公司仍 将择机进行回购，将对股价有积极影响。 ...

截至发稿，优必选(09880.HK)涨7.21%、微创机器人-B(02252.HK)涨6.70%、小鹏汽车-W(09868.HK)涨 5.12%、三花智控(02050.HK)涨2.51%。 ...

智通财经APP讯，三花智控(02050)发布公告，公司于2025年3月25日召开第七届董事会第三十一次会 议，审议通过了《关于全资孙公司之间吸收合并的议案》，公司董事会同意全资孙公司绍兴三花汽车热 管理科技有限公司(简称"绍兴热管理")吸收合并全资孙公司绍兴三花新能源汽车部件有限公司(简称"绍 兴新能源")，吸收合并完成后，绍兴热管理继续存续，绍兴新能源依法注销，绍兴新能源的全部资产、 负债、权益及其他一切权利与义务由绍兴热管理依法承继。近日，公司收到绍兴市越城区市场监督管理 局出具的《登记通知书》，绍兴新能源已完成注销登记手续。本次注销完成后，不会对公司的正常经营 和财务状况产生重大影响，不会损害公司及全体股东特别是中小股东的利益。 ...