Zhejiang Sanhua Co Ltd

Against the backdrop of crowded trading in A-share technology hot sectors and amplified short-term volatility, institutions recommend that investors shift their attention to three major sectors: the low-altitude economy, humanoid robots, and commercial aerospace, seizing pullback windows to position at lower levels. CICC believes that the intensive rollout of low-altitude economy policies is resonating with technological iteration across the industry chain, and expectations for an industry inflection point are gradually strengthening. Guoyuan Securities analyst Gong Siwen suggests focusing on whole-machine names such as Wanfeng Auto Wheel, EHang, JOUAV, and Lvneng Huichong, as well as core component names such as Zongshen Power, Wolong Electric Drive, Yingliu Shares, and Inpower. On the humanoid robot front, Unitree Robotics recently entered the capital market and is expected to provide a clearer valuation anchor for the sector, driving a shift in capital from pure thematic speculation to growth-based pricing. Huayuan Securities analyst Zhao Mengni suggests focusing on Everwin Precision, Foresight Technology, Sanhua Intelligent Controls, Tuopu Group, Leader Harmonious Drive, Shuanghuan Transmission, Hengli Hydraulic, Zhejiang Rongtai, Moons' Electric, and Zhaowei Machinery & Electronics. In commercial aerospace, the Long March 10B and Zhuque-3 have successively completed successful recoveries, and reusable rocket technology is maturing. With falling launch costs resonating with demand for low-orbit constellation networking, industrialization is expected to accelerate. Guotai Haitong Securities analyst Yang Tianhao suggests focusing on Chengchang Technology, Tongyu Communication, Sunway Communication, Shanghai Hanxun, Aerospace Electronics, Feiwo Technology, Sirui Advanced Materials, and Western Metal Materials.

Sanhua Intelligent Controls announced that as of July 31, 2026, the company had repurchased 2.8 million shares, representing 0.0665% of total share capital, at a transaction price range of 35.05 yuan to 36.09 yuan per share, with a total repurchase payment of 99.93 million yuan. In the first quarter of 2026, Sanhua Intelligent Controls achieved revenue of 7.774 billion yuan and net profit attributable to the parent company of 928 million yuan.

Companies listed on the Shenzhen Stock Exchange have recently been disclosing progress on buybacks and share purchases at a rapid pace. Since July, a total of 478 announcements on buybacks and share purchases have been made, with 147 new plans added. The combined upper limit for planned share purchases and buybacks has reached 69.306 billion yuan. Sanhuan Group completed an 895 million yuan buyback on July 30 and immediately launched a new buyback plan worth between 500 million and 1 billion yuan. Wangsu Science and Technology plans to spend 300 million to 600 million yuan on share buybacks and cancel all repurchased shares. Sanhua Intelligent Controls completed its first buyback of nearly 100 million yuan. Qu Jianguo, the actual controller of Canature Health, proposed spending 25 million to 50 million yuan on buybacks. Sieyuan Information launched a buyback plan of 30 million to 60 million yuan. Five senior executives, including Hou Zhenfu, chairman of Guangzhi Technology, plan to increase their shareholdings by a combined upper limit of 22 million yuan. Xinghui New Materials has cumulatively repurchased 2.1367 million shares, with a transaction value of approximately 80.6584 million yuan. Industry insiders say the intensive buybacks and share purchases are both a rational response to valuation levels and are expected to further bolster investor confidence.

Sanhua Intelligent Controls announced that the company plans to use its own funds to repurchase its A-shares through centralized bidding. The repurchase amount will be no less than 200 million yuan and no more than 400 million yuan, with a repurchase price not exceeding 60 yuan per share. The repurchased shares will be used for future equity incentive plans or employee stock ownership plans. The implementation period is within 12 months from the date of approval by the board of directors.

DSBJ announced plans to repurchase shares for 200 million to 300 million yuan, with a buyback price not exceeding 367.04 yuan per share, for employee stock ownership plans or equity incentives. Sanhua Intelligent Controls' controlling shareholder proposed repurchasing A-shares for 200 million to 400 million yuan. Three-Circle Group plans to repurchase shares for 450 million to 900 million yuan. Huayou Cobalt plans to repurchase shares for 600 million to 1 billion yuan. Broad-Ocean Motor terminated its H-share issuance and plans to repurchase shares for 120 million to 160 million yuan. Zhifei Biological plans to repurchase shares for 150 million to 300 million yuan. Puya Semiconductor's controlling shareholder proposed repurchasing shares for 30 million to 50 million yuan. Chunzhong Technology's chairman proposed repurchasing shares for 50 million to 100 million yuan to reduce registered capital. Kedali's controlling shareholder proposed repurchasing shares for 150 million to 300 million yuan. Sany Heavy Industry's chairman proposed repurchasing shares for 400 million to 800 million yuan. On the share increase side, Chuantou Energy's controlling shareholder plans to increase holdings by 200 million to 300 million yuan. China State Construction's controlling shareholder plans to increase holdings by 500 million to 1 billion yuan. Gongda Electroacoustic's controlling shareholder's concert party plans to increase holdings by 150 million to 250 million yuan. In addition, SDIC Power plans to jointly build the Yagen II Hydropower Station with CATL, with a total investment of 33.394 billion yuan. Hangdian Cable plans a private placement to raise no more than 2.88 billion yuan for optical fiber preform and other projects. Dajin Heavy Industry's subsidiary signed a shipbuilding contract worth about 2.1 billion yuan. Xingyun Technology signed a 300 million yuan computing power service contract. Yangdian Technology's wholly-owned subsidiary signed an 860 million yuan computing power service contract. Yushun Electronics' subsidiary signed a 731 million yuan computing power server lease contract. On the performance front, Raycus Laser's first-half net profit rose 117 percent year-on-year. Han's Laser's semi-annual net profit rose 163.47 percent year-on-year. Raytron Technology's first-half net profit is expected to increase by 242 percent to 270 percent. Haozhi Electromechanical's semi-annual net profit rose 267 percent year-on-year.

Bionic robots are moving from mere resemblance to true lifelikeness, rapidly entering a new era of biomimicry. At the recent Shanghai International Embodied Intelligence Industry Expo, multiple companies showcased bionic robots in various forms, from half-body companion models to full-size cultural tourism guide versions. General-purpose products are priced under 100,000 yuan, with half-body models costing over 10,000 yuan, full-body models over 60,000 yuan, and customized cultural tourism models around 300,000 yuan. Upstream supply chain companies are also accelerating their positioning. Mingxin Xuteng's subsidiary Mingxin Zhida launched high-performance flexible robot skin that can simulate human body temperature and provide tactile perception. Sanhua Intelligent Controls has made bionic robot electromechanical actuators a key project. A research report from AVIC Securities pointed out that bionics may become the ultimate form of humanoid robots, with vast development potential for related new materials.