SANHUA (02050) surged over 4% in late trading. As of press time, the stock was up 3.75% to HK$31.54, with a turnover of HK$261 million. On the news front, SANHUA plans to hold a board meeting on August 28 to approve its interim results. Additionally, the company recently indicated on an interactive platform that liquid cooling servers and heat pump systems share highly overlapping underlying components. With over forty years of deep expertise in thermal management components, the company has achieved large-scale production and technological iteration, enabling rapid adaptation to liquid cooling server operational requirements. Currently, the company is actively expanding its liquid cooling server business and will continue to advance cooperation with liquid cooling-related enterprises. Goldman Sachs previously released a research report stating that SANHUA is a leading global supplier of HVAC controls and thermal management components, expressing optimism about its growth potential in the humanoid robot actuator sector. This confidence is built upon the company's solid global market leadership position in HVAC components and electric vehicle thermal management components. The firm believes that humanoid robots represent an important long-term technological trend, and SANHUA, as a high-visibility actuator assembler, is positioned to secure a key role in the supply chain. The bank projects that by 2030, this business segment will contribute 25% and 18% of total revenue and net profit, respectively.
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