SANHUA(SZ:002050) Guang Zhou Ri Bao·2025-06-23 16:28Core Viewpoint - Sanhua Intelligent Controls experienced a decline on its first day of trading in Hong Kong, opening down over 7% and closing at HKD 22.50 per share, a decrease of 0.13% from its initial offering price of HKD 22.53 [2][4]. Group 1: Company Overview - Sanhua Intelligent Controls was listed on the Shenzhen Stock Exchange in 2005 and specializes in the research, manufacturing, and sales of refrigeration and air conditioning electrical components, as well as automotive components [4]. - The company is actively developing bionic robot electromechanical actuators to seek further growth in this sector [4]. Group 2: Financial Performance - In the first quarter of this year, Sanhua Intelligent Controls reported revenue of CNY 7.669 billion, representing a year-on-year increase of 19.10% [4]. - The net profit attributable to the parent company was CNY 903 million, reflecting a year-on-year growth of 39.47% [4]. Group 3: Fundraising and Investment Plans - The company aims to raise approximately HKD 77.4 billion from its global offering, which will be allocated for technology research and development, upgrading existing products, and expanding production facilities [4]. - Planned investments include the development of new materials and products, as well as enhancing automation in production for both automotive and refrigeration components [4]. Group 4: Bionic Robotics Focus - In the bionic robotics sector, Sanhua Intelligent Controls is concentrating on electromechanical actuators, which consist of core components such as servo motors, reduction gears, and encoders [5]. - The company is collaborating with clients on product development and mass production, with future applications expected in industries such as industrial, education, medical, and service sectors [5].