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Sanhua expects its full-year net profit to grow by 25% to 50%, mainly driven by two core businesses: the recovery in demand for refrigeration and air conditioning appliance components, and the increase in orders for thermal management in new energy vehicles. The stock price opened higher on Tuesday but turned to decline, reporting HKD 33.6 by noon, down 5.14%
Zhejiang Sanhua Intelligent Controls Co., Ltd. forecasts a 25%-50% increase in net profit for 2025, reaching RMB 3.87-4.65 billion, driven by strong demand in HVAC and EV thermal management sectors. The company expects basic earnings per share of RMB 0.98-1.18. The growth is attributed to its leading position in refrigeration components and expansion in the new energy vehicle market. The figures are unaudited and subject to confirmation in the 2025 annual report. The stock is rated 'Buy' with a HK$43.10 price target.
Increasing the construction of offline channels is one of the most important globalization strategies for ZHUIMI in recent years
