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Sanhu (2050.HK): 2Q26E NP at Rmb1,250mn (+4% YoY)

发布日期: 2026-07-20研究机构: Citi公司 / 股票: 2050.HK报告页数: 11原文语言: English证据页码: 5

研报英文原文证据摘录

Sanhu (2050.HK): 2Q26E NP at Rmb1,250mn (+4% YoY)

Sanhua (2050.HK)

20 July 2026 Citi Research

Citigroup Global Markets Inc. or its affiliates beneficially owns 1% or more of any class of common equity securities of Zhejiang

Sanhua Intelligent Controls. This position reflects information available as of the prior business day.

Citigroup Global Markets Inc. or its affiliates received compensation for products and services other than investment banking

services from Zhejiang Sanhua Intelligent Controls in the past 12 months.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as clients, and the

services provided were non-investment-banking, securities-related: Zhejiang Sanhua Intelligent Controls.

services provided were non-investment-banking, non-securities-related: Zhejiang Sanhua Intelligent Controls.

Analysts’ compensation is determined by Citi Research management and Citigroup’s senior management and is based upon

activities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates (the “Firm”).

Compensation is not linked to specific transactions or recommendations. Like all Firm employees, analysts receive

compensation that is impacted by overall Firm profitability which includes investment banking, sales and trading, and

principal trading revenues. One factor in equity research analyst compensation is arranging corporate access events between

institutional clients and the management teams of covered companies. Typically, company management is more likely to

participate when the analyst has a positive view of the company.

For financial instruments recommended in the Product in which the Firm is not a market maker, the Firm is a liquidity provider

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