SANHUA (02050) surged over 5%, rising 5.42% to HK$33.86 with trading volume of HK$249 million at the time of writing.

On the news front, Tesla founder Elon Musk discussed the latest developments of the Optimus robot at the All-In Summit. He stated that the third version of Optimus currently being designed will address hand dexterity, feature an AI brain, and is expected to achieve mass production - three advantages that no other competitors can match.

Zhongtai Securities previously noted that SANHUA is a leader in cooling components and thermal management with over 40 years of experience, extending its core technologies across three major fields: refrigeration, automotive components, and robotics. With the imminent launch of the hundred-billion-yuan humanoid robot market, the company's long-term partnership with industry leader Tesla positions it to benefit from growth and rapid volume expansion.

JP Morgan recently issued a research report, initiating coverage on SANHUA with an "Overweight" rating and a 12-month price target of HK$41, suggesting approximately 30% upside potential from current levels. The firm stated that its core assumption is that SANHUA's expansion of its humanoid robot business and maintaining leadership in refrigeration and electric vehicle thermal management will drive an annual compound earnings per share growth rate of 15% for fiscal years 2026-2027, supporting further valuation re-rating of the stock.