Zhejiang Sanhua Intelligent Controls Co. (002050) Q2 2025 earnings summary

Executive summary

• Achieved revenue of ¥16.26 billion, up 18.91% year-over-year; net profit attributable to shareholders was ¥2.11 billion, up 39.31% year-over-year.

• Main business segments: refrigeration/air conditioning components and automotive parts, with strong growth in both.

• H-share listing on the Hong Kong Stock Exchange completed in June 2025, raising significant capital for global expansion.

Financial highlights

• Revenue: ¥16.26 billion (up 18.91% YoY); net profit: ¥2.11 billion (up 39.31% YoY); basic EPS: ¥0.57 (up 42.5% YoY).

• Gross margin: 28.12%, up 0.66 percentage points YoY.

• Operating cash flow: ¥1.28 billion (up 9.79% YoY); total assets: ¥46.38 billion (up 27.58% from year-end).

• R&D investment: ¥705 million, up 11.44% YoY, representing 4.34% of revenue.

Outlook and guidance

• Plans to use H-share proceeds for R&D, capacity expansion in China, overseas production, digital infrastructure, and working capital.

• Expects continued growth in both core business segments, leveraging global demand for energy-efficient and intelligent thermal management solutions.