HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) rose more than 4% in the afternoon, with a projected mid-term net profit growth of up to 50%. It is expected to be included in the Hong Kong Stock Connect list in July.

Zhejiang Sanhua Intelligent Controls (02050) rose over 4% in the afternoon, as of the time of writing, it is up 3.48% to 23.8 Hong Kong dollars, with a turnover of 53.08 million Hong Kong dollars. On the news front, on June 24, Zhejiang Sanhua Intelligent Controls issued a performance forecast, expecting to achieve revenue of 15.04 to 17.78 billion in the first half of 2025, an increase of 10% to 30% year-on-year; net profit attributable to the listed company is 1.89 to 2.27 billion, a year-on-year increase of 25% to 50%. Soochow pointed out that the refrigeration and air conditioning business benefited from market demand growth, the automotive business continued to expand orders through the demonstration effect of benchmark customers, and the company significantly reduced costs and increased efficiency. The company's Q2 performance exceeded market expectations. In addition, Hang Seng Index Company will announce the results of the review of the Hang Seng Index series constituent stocks for the second quarter of 2025 on August 22, and the results will take effect from September 8. Shenwan Hongyuan Group pointed out that due to the inclusion of H shares of A+H listed companies in the Hong Kong stock connect enjoying a fast track, recently listed companies of this kind entering the connect will not be constrained by the adjustment time of the Hang Seng Composite Index, and it is expected that Zhejiang Sanhua Intelligent Controls will be included in the Hong Kong stock connect in July.