--- title: "Citi: Lowers SANHUA target price to HKD 35, rating downgraded to \"Neutral\"" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/277573003.md" description: "Citi released a research report stating that Sanhua's current risk-reward profile is neutral; after changing the valuation model, the target price for Sanhua's H shares was lowered from HKD 43 to HKD 35, while the target price for Sanhua's A shares was raised from RMB 40 to RMB 52, with the rating downgraded from \"Buy\" to \"Neutral.\" In the automotive parts industry, the firm prefers MINTH GROUP and NJEC due to their more attractive valuations and strategic involvement in the humanoid robotics field, while also benefiting from significant overseas business exposure. The firm believes that, based on the market's growing optimism towards humanoid robots and artificial intelligence data centers, Sanhua's stock price has rebounded since its low at the end of November last year. However, the contribution of humanoid robots and artificial intelligence data centers to the company's revenue remains small in the short term, and the refrigeration business may face growth pressure due to demand being squeezed by last year's old-for-new subsidy program, while the automotive parts business may also be affected by declining Tesla sales and a slowdown in the growth of new energy vehicle sales in mainland China" datetime: "2026-03-03T06:45:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277573003.md) - [en](https://longbridge.com/en/news/277573003.md) - [zh-HK](https://longbridge.com/zh-HK/news/277573003.md) --- > 支持的语言: [English](https://longbridge.com/en/news/277573003.md) | [繁體中文](https://longbridge.com/zh-HK/news/277573003.md) # Citi: Lowers SANHUA target price to HKD 35, rating downgraded to "Neutral" According to the Zhitong Finance APP, Citibank released a research report stating that Sanhua (02050) currently has a neutral risk-reward profile; after changing the valuation model, the target price for Sanhua H shares was lowered from HKD 43 to HKD 35, while the target price for Sanhua A shares (002050.SZ) was raised from RMB 40 to RMB 52, with the rating downgraded from "Buy" to "Neutral." In the automotive parts industry, the bank prefers MINTH GROUP (00425) and NJEC (00699) due to their more attractive valuations and strategic involvement in the humanoid robotics field, while also benefiting from significant overseas business exposure. The bank believes that, based on the market's growing optimism towards humanoid robots and artificial intelligence data centers, Sanhua's stock price has rebounded since its low at the end of November last year. However, the short-term revenue contribution from humanoid robots and artificial intelligence data centers remains relatively small, and the refrigeration business may face growth pressure due to demand being squeezed by last year's trade-in subsidies, while the automotive parts business may also be affected by declining Tesla sales and a slowdown in the growth of new energy vehicle sales in the mainland ### 相关股票 - [MINTH GROUP (00425.HK)](https://longbridge.com/zh-CN/quote/00425.HK.md) - [HFT CSI Auto Components Thematic ETF (562260.CN)](https://longbridge.com/zh-CN/quote/562260.CN.md) - [ChinaAMC CSI Auto Components Thematic ETF (562700.CN)](https://longbridge.com/zh-CN/quote/562700.CN.md) - [E Fund CSI Auto Components Thematic ETF (159565.CN)](https://longbridge.com/zh-CN/quote/159565.CN.md) - [SANHUA (02050.HK)](https://longbridge.com/zh-CN/quote/02050.HK.md) - [Guotai CSI 800 Automobile and Parts ETF (516110.CN)](https://longbridge.com/zh-CN/quote/516110.CN.md) - [Ping An CSI Auto Components Thematic ETF (159306.CN)](https://longbridge.com/zh-CN/quote/159306.CN.md) - [JOYSON ELECTRONICS (600699.CN)](https://longbridge.com/zh-CN/quote/600699.CN.md) - [Sanhua (002050.CN)](https://longbridge.com/zh-CN/quote/002050.CN.md) ## 相关资讯与研究 - [Baidu’s robotaxi breakdown in Wuhan strands riders, raises safety concerns](https://longbridge.com/zh-CN/news/281363444.md) - [Guan Chao's Loss Balloons in 2025](https://longbridge.com/zh-CN/news/281314987.md) - [Mahindra to raise SUV, commercial vehicle prices by up to 2.5% from April 6](https://longbridge.com/zh-CN/news/281543829.md) - [Leapmotor founder boosts stake again in fifth purchase over two years](https://longbridge.com/zh-CN/news/281475730.md) - [BYD's vehicle sales slide extends in March](https://longbridge.com/zh-CN/news/281345935.md)