SANHUA(SZ:002050) 21世纪经济报道·2025-10-15 10:36Core Viewpoint - Sanhua Intelligent Control has reportedly secured a large order from Tesla for humanoid robots, exceeding 5 billion RMB, leading to significant stock price increases for the company [1][3]. Group 1: Company Overview - Sanhua Intelligent Control is a Tier 1 supplier for Tesla's electric vehicles, primarily responsible for thermal management components [3]. - The company has a market share of approximately 45.5% in the global refrigeration and air conditioning control components sector [3]. Group 2: Business Developments - Sanhua has been expanding its business boundaries since its listing in 2005, including a strategic partnership with leading domestic harmonic reducer company, Lide Harmonic [3][4]. - The management has indicated plans to develop electromechanical actuators for robots, which consist of servo motors, reduction mechanisms, and encoders [4]. Group 3: Market Impact and Stock Performance - Following the news of the Tesla order, Sanhua's A-shares hit the daily limit up, closing at 44.18 RMB per share, with a total market capitalization of 185.95 billion RMB [1]. - Despite the initial surge, Sanhua's stock has seen a decline of 8.78% in October, following concerns raised by competitors regarding the company's ability to supply robot components [5]. Group 4: Financial Actions - To support its stock price, Sanhua has initiated a share buyback program, repurchasing 1,506,800 shares at prices ranging from 22.69 RMB to 31.00 RMB, totaling approximately 35.97 million RMB [5].