Sanhua Intelligent Controls' two major business segments work together to achieve a net profit of 4.063 billion yuan by 2025.

Staff Reporter Feng Sijie

On March 24, Zhejiang Sanhua Intelligent Controls Co., Ltd. (hereinafter referred to as “Sanhua Smart Control”) released its 2025 annual report. In 2025, the company achieved operating revenue of 31.012 billion yuan, a year-on-year increase of 10.97%; net profit attributable to shareholders of the listed company was 4.063 billion yuan, up 31.10% year-on-year.

On the same day, Sanhua Smart Control also disclosed its 2025 profit distribution plan, proposing to distribute a cash dividend of 2.80 yuan (tax included) per 10 shares to all shareholders, totaling 1.176 billion yuan (tax included). Combining this with the company’s previous 2025 semi-annual profit distribution plan and share repurchase amount, the total cash dividends and share repurchases for 2025 amount to 1.984 billion yuan, accounting for 48.83% of the net profit attributable to shareholders of the listed company in 2025.

Public information shows that Sanhua Smart Control is deeply engaged in the thermal management components sector, focusing on developing environmental thermal management solutions that enable efficient heat exchange and intelligent temperature control. Its business spans two major segments: refrigeration and air conditioning electrical components, and automotive parts, with ongoing expansion into emerging fields such as biomimetic robot electromechanical actuators.

Since 2025, Sanhua Smart Control has continued to strengthen its leading position in the refrigeration and air conditioning electrical components industry, seizing market demand growth opportunities. By leveraging its core product technological depth and large-scale production advantages, the company has driven sustained business growth. The announcement indicates that in 2025, the company’s refrigeration and air conditioning electrical components business achieved a total revenue of 18.585 billion yuan, a year-on-year increase of 12.22%.

In the automotive parts segment, Sanhua Smart Control has relied on its leading market position in global new energy vehicle thermal management, continuously expanding high-quality orders through the demonstration effect of key clients, further consolidating the growth momentum of its automotive parts business. During the reporting period, the company’s automotive parts business generated revenue of 12.427 billion yuan, up 9.14% year-on-year.

Leveraging its expertise in motor manufacturing, scale, and cost control, Sanhua Smart Control has also successfully entered the biomimetic robot electromechanical actuator market. In 2025, the company focused on technical improvements for several key models, collaborating with clients on key product R&D, prototyping, iteration, and sample delivery, receiving high praise from customers and achieving a series of innovative results around existing products, thereby enhancing overall product strength.

Relevant industry insiders told Securities Daily that “Sanhua Smart Control’s core businesses in refrigeration and air conditioning components, automotive parts, and strategic emerging sectors like robot electromechanical actuators are highly synergistic in terms of core technology, manufacturing systems, and customer resources. The refrigeration and air conditioning components business solidifies cash flow fundamentals, automotive parts contribute to core growth, and emerging businesses like robot actuators are positioned for future expansion. This layered business structure helps smooth industry cycle fluctuations, reduce operational risks, continuously expand growth space, and support long-term stable development.”

Additionally, Sanhua Smart Control places great importance on technological innovation to underpin long-term growth. In 2025, R&D expenses amounted to 1.374 billion yuan, accounting for approximately 4.43% of operating revenue. By the end of 2025, the company operated six major R&D centers, with 4,680 patents granted domestically and internationally, including 2,560 invention patents, providing solid technological support for product innovation and business expansion.

Meanwhile, Sanhua Smart Control has been committed to strengthening its global strategic layout to enhance risk resistance. It has established a worldwide industrial footprint, with six R&D centers, eight major production bases, 48 manufacturing plants, and sales offices across China, Asia-Pacific, Europe, and North America. In 2025, the company achieved overseas sales revenue of 13.323 billion yuan, accounting for 42.96% of total operating revenue.

Notably, in June 2025, Sanhua Smart Control successfully listed on the Main Board of the Hong Kong Stock Exchange, completing its “A+H” dual-platform deployment, marking a solid step forward in its globalization journey.

In this regard, Yuan Shuai, Deputy Secretary-General of the Zhongguancun Internet of Things Industry Alliance, believes that the “A+H” dual-platform layout helps Sanhua Smart Control broaden its overseas financing channels, reduce costs for overseas expansion, accelerate global capacity deployment, and benefit overseas customer development. Yuan told reporters, “In the future, as Sanhua Smart Control’s overseas capacity continues to ramp up, its overseas market revenue and profit contribution are expected to further grow, becoming an important driver of the company’s growth.”