2 November 2025 | 3:49PM HKT Equity Research Sanhua Intelligent Controls (002050.SZ) Downgrade Sanhua A to Neutral on recent outperformance; expectations for humanoid robots are too high, too soon | 002050.SZ | 12m Price Target: Rmb40.90 | Price: Rmb49.93 | Downside: 18.1% | | --- | --- | --- | --- | | 2050.HK | 12m Price Target: HK$43.10 | Price: HK$40.88 | Upside: 5.4% | We downgrade Sanhua A from Buy to Neutral post recent outperformance and maintain Sanhua H at Buy. Sanhua-A/H have rallied +51%/+31% sin ...