Core Viewpoint - Sanhua Intelligent Control has reportedly secured a significant order from Tesla for humanoid robots, exceeding 5 billion yuan, indicating strong progress in its robotics business [1] Group 1: Company Developments - Sanhua Intelligent Control's robotics business is progressing smoothly, although the company refrains from commenting on market rumors [1] - The company serves as a Tier 1 supplier for Tesla's electric vehicles, primarily responsible for supplying thermal management components [1] Group 2: Product and Supply Chain - Although Sanhua Intelligent Control has not officially acknowledged being a supplier for Tesla's Optimus robot due to strict confidentiality agreements, various sources suggest that the company is responsible for several core joint drive components of Tesla's robots [1] - Sanhua Intelligent Control supplies these components to Tesla's key production bases located in Hangzhou Bay and Mexico [1]

Core Viewpoint - Sanhua Intelligent Control has experienced a significant drop of 8.78% in its stock price this month despite recent reports of securing a large order from Tesla for humanoid robots, valued at over 5 billion yuan [1][3]. Group 1: Company Performance - As of October 15, Sanhua Intelligent Control's A-shares closed at 44.18 yuan per share, with a total market capitalization of 185.95 billion yuan [1]. - The company's Hong Kong shares saw a rise of 12.35%, bringing its market capitalization to 164.63 billion HKD [1]. - The company has implemented a stock buyback program, repurchasing 1,506,800 shares, which is 0.0358% of its total share capital, with a total transaction amount of 35.97 million yuan [4]. Group 2: Business Developments - Sanhua Intelligent Control is a Tier 1 supplier for Tesla's new energy vehicles, primarily responsible for supplying thermal management components [3]. - Although the company has not officially confirmed its role as a supplier for Tesla's Optimus robot due to strict confidentiality agreements, it is believed to supply several core joint drive components for Tesla robots at key production bases in Hangzhou Bay and Mexico [3]. - Concerns have arisen regarding the execution capability and product quality of Sanhua Intelligent Control's robot business, especially after comments from the chairman of a competitor, Top Group, suggesting potential issues in the supply of robot components [3].