Core Viewpoint - The stock price of Sanhua Intelligent Controls is reported at 30.36 yuan, reflecting a decrease of 0.10 yuan or 0.33% from the previous trading day [1] Group 1: Company Overview - Sanhua Intelligent Controls specializes in the research, production, and sales of refrigeration and air conditioning components, as well as automotive parts [1] - The company's products are widely used in household appliances, commercial air conditioning, and new energy vehicles [1] - Sanhua Intelligent is recognized as a key enterprise in Zhejiang Province and is included in the CSI 300 Index [1] Group 2: Financial Performance - On August 20, the net outflow of main funds was 175 million yuan, accounting for 0.16% of the circulating market value [1] - Over the past five trading days, there has been a cumulative net inflow of 326 million yuan, representing 0.29% of the circulating market value [1] - The trading volume for the day was 1.1845 million hands, with a transaction amount reaching 3.569 billion yuan [1] Group 3: Upcoming Events - The company will hold an extraordinary general meeting on August 21 to review five proposals, including the completion of fundraising projects, adjustments to foreign exchange hedging business limits, and the repurchase and cancellation of restricted stock [1] - The meeting will take place at the company's industrial park in Xinchang, Zhejiang, with shareholders able to participate in voting either in person or online [1]

Core Viewpoint - Guangda Special Materials expects significant growth in its performance for the first half of 2025, driven by strong demand in downstream industries and the effectiveness of its investment projects [1] Group 1: Financial Performance - The company anticipates a revenue of approximately 2.5 billion yuan for the first half of 2025, representing an increase of about 619 million yuan, or a year-on-year growth of approximately 32.91% [1] - The expected net profit attributable to shareholders is around 200 million yuan, an increase of about 157 million yuan, reflecting a year-on-year growth of approximately 367.51% [1] - Guangda Special Materials has seen a significant increase in sales revenue due to the gradual release of production capacity in its wind power gearbox components project and enhanced average equipment utilization [1] Group 2: Market Dynamics - The overall demand in the company's downstream industries is improving, contributing to robust production and sales [1] - The offshore wind power casting project has improved capacity utilization through various technical upgrades and cost-reduction measures, leading to enhanced profitability [1] Group 3: Stock Performance - The company's stock has performed well in 2023, with a cumulative increase of 74.99% as of June 10 [2] - The number of shareholders decreased by 1.89% from the end of May, totaling 9,809 shareholders [2] Group 4: Industry Context - Among A-shares, 13 companies have reported positive performance forecasts for the first half of the year, indicating a favorable trend in the market [4] - Guangda Special Materials ranks among the top companies in terms of net profit scale, with several other companies also showing significant growth in their forecasts [5][6]

（股 份 代 號：2050） 2025年半年度業績預告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 ZHEJIANG SANHUA INTELLIGENT CONTROLS CO., LTD. 浙江三花智能控制股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） – 1 – 二、與會計師事務所溝通情況 本 次 業 績 預 告 數 據 僅 為 本 公 司 財 務 部 門 初 步 核 算 結 果，未 經 會 計 師 事 務 所 審 計。本 業 績 預 告 所 載 之 財 務 數 據 根 據 中 國 企 業 會 計 準 則 編 製。 本公告乃由浙江三花智能控制股份有限公司（「本公司」）自 願 作 出。 一、本期業績預計情況 （一）業績預告期間 2025年1月1日 至2025年6月30日（「報告期」） （二）業績預告情況 扭虧為盈 同向上升 同向下降 | 項目 ...

Core Viewpoint - Sanhua Intelligent Control (002050.SZ) expects a significant increase in revenue and net profit for the first half of 2025, driven by growth in its refrigeration and automotive parts businesses [1] Financial Performance Summary - The company anticipates revenue between 15.044 billion and 17.779 billion yuan, representing a year-on-year growth of 10% to 30% [1] - The net profit attributable to shareholders is projected to be between 1.893 billion and 2.272 billion yuan, indicating a year-on-year increase of 25% to 50% [1] Business Segment Growth - The expected performance improvement is primarily attributed to the growth in the refrigeration air conditioning components business and the automotive components business [1]

Core Viewpoint - Sanhua Intelligent Controls experienced a decline on its first day of trading in Hong Kong, opening down over 7% and closing at HKD 22.50 per share, a decrease of 0.13% from its initial offering price of HKD 22.53 [2][4]. Group 1: Company Overview - Sanhua Intelligent Controls was listed on the Shenzhen Stock Exchange in 2005 and specializes in the research, manufacturing, and sales of refrigeration and air conditioning electrical components, as well as automotive components [4]. - The company is actively developing bionic robot electromechanical actuators to seek further growth in this sector [4]. Group 2: Financial Performance - In the first quarter of this year, Sanhua Intelligent Controls reported revenue of CNY 7.669 billion, representing a year-on-year increase of 19.10% [4]. - The net profit attributable to the parent company was CNY 903 million, reflecting a year-on-year growth of 39.47% [4]. Group 3: Fundraising and Investment Plans - The company aims to raise approximately HKD 77.4 billion from its global offering, which will be allocated for technology research and development, upgrading existing products, and expanding production facilities [4]. - Planned investments include the development of new materials and products, as well as enhancing automation in production for both automotive and refrigeration components [4]. Group 4: Bionic Robotics Focus - In the bionic robotics sector, Sanhua Intelligent Controls is concentrating on electromechanical actuators, which consist of core components such as servo motors, reduction gears, and encoders [5]. - The company is collaborating with clients on product development and mass production, with future applications expected in industries such as industrial, education, medical, and service sectors [5].

Core Viewpoint - Sanhua Intelligent Control is approaching its Hong Kong IPO, with a global offering of 360.33 million H-shares and expected net proceeds of approximately HKD 7.741 billion for global R&D and capacity expansion [1][2]. Group 1: IPO Details - The IPO subscription period is from June 13 to June 18, with 25.22 million shares available for public offering in Hong Kong, accounting for 7% of the total offering [2]. - The price range for the H-shares is set between HKD 21.21 and HKD 22.53, with the final price expected to be announced by June 19 [2]. - The company has attracted 17 cornerstone investors, including Schroders and Singapore's sovereign fund, with total subscriptions amounting to approximately USD 562 million (around HKD 4.409 billion) [3]. Group 2: Business Overview - Sanhua Intelligent Control operates primarily in two sectors: refrigeration and air conditioning components, and automotive thermal management system components [1][4]. - The company has a significant market share, holding approximately 45.5% of the global refrigeration control components market and ranking fifth in the automotive thermal management system components market with a 4.1% share [4]. Group 3: Financial Performance - The company has seen continuous growth in net profit over the past decade, increasing from CNY 605 million in 2015 to an estimated CNY 3.099 billion in 2024 [4]. - In Q1 of this year, Sanhua Intelligent Control reported revenue of CNY 7.669 billion, a year-on-year increase of 19.1%, and a net profit of CNY 903 million, up 39.47% [5]. Group 4: Future Growth Strategies - The company is exploring a third growth area in the bionic robotics sector, with plans to develop bionic robot electromechanical actuators [5]. - Sanhua Intelligent Control aims to integrate customer product development and iteration processes to achieve mass production in the bionic robotics field [5].