SANHUA(SZ:002050) Hua Er Jie Jian Wen·2025-12-22 11:28Core Viewpoint - Sanhua Intelligent Control, a leader in refrigeration control components and thermal management for new energy vehicles, forecasts significant profit growth for the year 2025, with net profit expected to exceed 4 billion yuan [1][4]. Financial Performance - The company anticipates a net profit attributable to shareholders ranging from 3.874 billion yuan to 4.649 billion yuan for the period from January 1 to December 31, 2025, representing a year-on-year increase of 5.00% to 50.00% compared to 3.099 billion yuan in the previous year [1]. - The net profit after deducting non-recurring gains and losses is projected to be between 3.679 billion yuan and 4.615 billion yuan, with a year-on-year growth rate of 18.00% to 48.00% [4]. - Basic earnings per share are expected to rise to between 0.98 yuan and 1.18 yuan [4]. Growth Drivers - The substantial profit increase is attributed to the synergistic growth of two core business segments: 1. Traditional Business Stability: The home appliance segment continues to demonstrate strong market dominance, leveraging technical expertise and large-scale production to solidify its market position [4]. 2. Emerging Business Momentum: The automotive parts segment, particularly in the thermal management field for new energy vehicles, is showing remarkable performance, supported by a global market presence and partnerships with leading clients like Tesla [5][6].