SANHUA(SZ:002050) Ge Long Hui·2025-11-20 05:35Core Viewpoint - Morgan Stanley raised the financial forecasts for Sanhua Intelligent Control for 2025 to 2027 by an average of 20% to reflect better-than-expected Q3 performance and management's upgraded guidance [1] Group 1: Financial Performance - The company demonstrated strong momentum in emerging fields such as humanoid robots and AI DC liquid cooling, alongside resilient automotive parts business and intact global supply chain structure [1] - The earnings outlook for Q4 this year and next year indicates continued profit growth and margin expansion despite high base effects [1] Group 2: Investment Recommendations - Despite a pullback in H and A shares since October due to profit-taking by investors, the company’s solid fundamentals and strategic positioning present a buying opportunity [1] - The target price for H shares was raised from HKD 41 to HKD 42, and for A shares from CNY 43 to CNY 49, maintaining an "overweight" rating [1]