HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) rose more than 10% in the afternoon, with the company's A-shares reaching the daily limit. Tesla and Siasun Robot & Automation have catalyzed the industrial chain.

Zhejiang Sanhua Intelligent Controls (02050) rose by over 10% in the afternoon, with its A shares hitting the daily limit. As of the time of writing, it is up by 9.18% at HK$35.92, with a trading volume of HK$8.05 billion. On the news front, there has been a recent flurry of catalysts in the Tesla supply chain. On September 12, Elon Musk increased his stake in the company by purchasing 2.569 million shares at an average price of $389.3 per share, worth around $1 billion, showing his confidence in the company's long-term development. At the recent All-In Summit, Musk also discussed the latest developments of Optimus (a humanoid robot developed by Tesla). He mentioned that Tesla is finalizing the design of Optimus V3, which he described as "the greatest product in human history," and will be produced in mass quantities. Analysts point out that Tesla's push for G3 in the Siasun Robot & Automation industry chain is intensifying, with a focus on the main line of the T-chain in Siasun Robot & Automation. According to Galaxy Securities, Zhejiang Sanhua Intelligent Controls is deeply tied to Tesla and is a key supplier of actuators for its humanoid Siasun Robot & Automation. A research report from Morgan Stanley gives Zhejiang Sanhua Intelligent Controls an "overweight" rating, with a 12-month target price of HK$41, implying a potential upside of around 30% from the current level. The report indicates that the core assumption is that Zhejiang Sanhua Intelligent Controls will expand its Siasun Robot & Automation business and maintain its leadership position in the refrigeration and electric vehicle thermal management sectors, driving a compound annual growth rate of 15% in earnings per share from 2026 to 2027, and supporting further valuation reassessment of the stock.