HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) opened nearly 5% lower yesterday. The company clarified rumors about Siasun Robot & Automation's large order last night.

Zhejiang Sanhua Intelligent Controls (02050) opened lower by nearly 5%, as of the time of writing, it has dropped by 4.96%, trading at 37.54 Hong Kong dollars with a turnover of 243.972 million Hong Kong dollars. On the news front, on the evening of October 15th, Zhejiang Sanhua Intelligent Controls issued an announcement stating that the company has recently noted a large amount of rumors on the internet about the company receiving a large order from Siasun Robot & Automation. After verification, it was found that the rumor was not true; the company also does not have any major undisclosed issues that should be disclosed; on October 15, 2025, the company did not accept any interviews from the media. Recently, there were sudden reports online that Tesla had placed an order worth 685 million US dollars with the Chinese supplier Zhejiang Sanhua Intelligent Controls for Optimus linear actuators. In the afternoon of the same day, according to 21st Century Business Herald, when they inquired with Zhejiang Sanhua Intelligent Controls, the company's securities department staff responded that they have noticed the rumor and are urgently verifying the information. If the news is false, they will clarify through official channels; the company's cooperation with Tesla is progressing smoothly, but specific details cannot be disclosed at the moment due to confidentiality agreements.