Ge Long Hui A P P·2025-09-17 09:37Core Viewpoint - Changjiang Securities report indicates that Sanhua Intelligent Controls achieved a net profit attributable to shareholders of 2.11 billion yuan in the first half of the year, representing a year-on-year growth of 39.3% [1] Financial Performance - In Q2 2025, the company reported a net profit attributable to shareholders of 1.21 billion yuan, with a year-on-year increase of 39.2% [1] - The company's revenue from traditional refrigeration and automotive sectors showed good growth [1] - For the first half of 2025, the gross profit margin reached 28.12%, an increase of 0.66 percentage points year-on-year [1] - In Q2 2025, the single-quarter gross profit margin was 29.27%, reflecting a year-on-year growth of 1.44 percentage points [1] Business Development - The company has accumulated rich experience and expertise in the development and manufacturing of various motor products, successfully entering the bionic robot electromechanical actuator manufacturing field [1] - There is potential for significant performance growth in line with the development of the humanoid robot industry [1] Future Outlook - The company is expected to achieve a net profit attributable to shareholders of 3.9 billion yuan in 2025, corresponding to a price-to-earnings ratio of approximately 38 times [1] - The short-term performance of the company is supported by rapid growth, and new businesses such as humanoid robots are anticipated to bring future incremental flexibility [1]