Ge Long Hui·2025-12-29 08:53Core Viewpoint - Sanhua Intelligent Controls is expected to achieve a net profit of 1.019 billion yuan in Q4 2025, representing a year-on-year increase of 27.8%, and a net profit of 904 million yuan after deducting non-recurring items, reflecting a year-on-year growth of 4.0% [1] Group 1: Business Performance - The company is consolidating its leading position in the air conditioning and refrigeration components industry, capitalizing on market demand growth opportunities [1] - The core products benefit from deep technical accumulation and advantages in large-scale production, driving continuous growth in this business segment [1] Group 2: Automotive Sector - The company is leveraging its leading market position in the global thermal management field for electric vehicles, continuously expanding quality orders through the demonstration effect of benchmark customers [1] - This strategy further solidifies the growth momentum of the automotive components business [1] Group 3: Profitability and Investment Rating - Based on the continuous improvement in profitability, the profit forecast has been raised, and the investment rating is maintained at "Buy" [1]