Summary of the Conference Call for 德昌电机控股 Industry Overview - The liquid cooling pump system market is projected to reach several hundred billion RMB by 2030, driven by the increasing demand for computing power in data centers, particularly in the AI computing module sector [2][3] - The liquid cooling pump system for servers has higher reliability and power requirements compared to automotive electronic water pumps, with a mean time between failures (MTBF) of over 50,000 hours [2][4] Company Insights - 德昌电机控股 has a competitive advantage in the liquid cooling pump business due to its strong motor capabilities and excellent cost control in secondary component manufacturing [2][5] - The company has established partnerships with leading domestic server manufacturers, indicating potential for significant revenue and profit generation [5] - In the humanoid robot sector, 德昌电机控股 focuses on manufacturing components such as actuators and dexterous hands, leveraging joint ventures to enhance secondary component manufacturing capabilities [2][6] Financial Projections - For the fiscal year 262,728 (corresponding to Q2 2025 to Q1 2026 and the following two years), net profits are expected to be $280 million, $320 million, and $360 million respectively [4][7] - The current market valuation corresponds to an estimated price-to-earnings (PE) ratio of approximately 11 times for the year 2025 [4][7] Risks and Considerations - Key risks include the development progress in humanoid robotics and liquid cooling systems, global passenger vehicle demand, and fluctuations in raw material prices, which could impact the company's performance [4][7]

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） （股 份 代 號：2050） 茲載列浙江三花智能控制股份有限公司於深圳證券交易所網站(www.szse.cn)刊 登 的 公 告 如 下，僅 供 參 閱。 承董事會命 浙江三花智能控制股份有限公司 董事長兼執行董事 張亞波 香 港，2025 年8 月28日 於 本 公告日 期，董事會包 括 (i)執行董事張亞波先 生、王大勇先 生、倪曉明先生 及陳雨忠先 生；(ii)非執行董事張少波先生及任金土先生 及(iii)獨立非執行董事 鮑恩斯先 生、石建輝先 生、潘亞嵐女士以及葛俊先 生。 证券代码：002050 证券简称：三花智控 公告编号：2025-0 ...