August 28, 2025 04:09 PM GMT Zhejiang Sanhua Intelligent Controls | Asia Pacific 2Q25 in Line, Humanoids the Key Driver Reaction to earnings Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research 2Q25 in line: Sanhua's 2Q25 earnings grew 39% YoY and 34% QoQ, to Rmb1,207mn, in line with the preliminary result. 2Q revenue grew 19% YoY, to Rmb8.6bn, thanks to China's trade-in stimulus on ...