SANHUA(SZ:002050) Zhi Tong Cai Jing·2025-09-16 06:33Group 1 - Elon Musk increased his stake in Tesla by purchasing 2.569 million shares at an average price of $389.3 per share, totaling approximately $1 billion, indicating confidence in the company's long-term development [1][2][3] - Tesla is finalizing the design of Optimus V3, a humanoid robot that Musk claims will be "the greatest product in human history" and is set for mass production [1][2] - The supply chain for Tesla's robots is heating up, with a focus on the T-chain robotics sector, as noted by Fengzheng Securities [1][2] Group 2 - Sanhua Intelligent Controls is deeply integrated with Tesla, serving as the main supplier for the humanoid robot actuator assembly [1][2] - JPMorgan initiated coverage on Sanhua Intelligent Controls with an "Overweight" rating and a 12-month target price of HKD 41, suggesting a potential upside of about 30% from current levels [1][2] - The core assumption is that Sanhua will expand its humanoid robot business while maintaining leadership in refrigeration and electric vehicle thermal management, driving a compound annual growth rate of 15% in earnings per share from fiscal years 2026 to 2027 [1][2]