Sanhua opened high but fell by 5% after the opening, forecasting a 25% to 50% increase in annual net profit

Tesla supplier and robotics parts stock Sanhua (02050.HK) opened 1.4% higher this morning (23rd) but turned downward in the early market, closing at HKD 33.64 near noon, down 5.03%, with a trading volume of 46.9498 million shares, involving HKD 1.603 billion.

Sanhua announced a positive profit forecast last night (22nd), expecting the net profit attributable to shareholders for the fiscal year 2025 to be between RMB 3.874 billion and RMB 4.649 billion, indicating a year-on-year growth of 25% to 50%. Throughout the year, the company has continued to consolidate its leading position in the refrigeration and air conditioning appliance components industry, fully seizing the opportunity of market demand growth. At the same time, the demonstration effect of assisting benchmark customers continues to expand quality orders, further solidifying the performance growth momentum of the automotive components business. The synergy of the two major businesses provides solid support for annual performance growth