With a market value of over 7 billion, the cornerstone restricted shares of Zhejiang Sanhua Intelligent Controls (02050) are about to be lifted. Can it withstand the new round of selling pressure?

As the core target of the concept stock of Tesla Siasun Robot&Automation, Zhejiang Sanhua Intelligent Controls (02050) saw its stock price soar to a high of 46.48 Hong Kong dollars per share within just three months after it was listed on the Hong Kong stock market on June 23, 2025, with a maximum increase of 124.54%. However, starting from early October, Zhejiang Sanhua Intelligent Controls' H-share stock price peaked and then fell back, accelerating its decline after forming a left high right low "M top" at the high level, dropping by 35% accumulated from the high in 36 trading days. It was not until November 24 that it saw a rebound of nearly 20 points after "needle probing the bottom". Although the recent rebound has temporarily slowed down the downward trend of Zhejiang Sanhua Intelligent Controls' H-share stock, its stock price is still constrained by the 60-day moving average and has not yet formed an effective breakthrough. More importantly, Zhejiang Sanhua Intelligent Controls' H-share stock will face the unlocking of cornerstone investor shares on December 23. Given that cornerstone investors have accumulated considerable unrealized gains in the short term, there is a strong motivation to cash in on profits after the unlock, which may trigger significant short-term selling pressure in the already illiquid H-share market, putting downward pressure on the stock price. However, from the perspective of contrarian investment, if the unlock this time can bring about a sufficient pullback in the stock price, it may provide a rare opportunity for long-term investors to buy low. Cornerstone investors are relatively small and scattered, and the occurrence of "rushing out" may significantly pressure the stock price Behind the doubling of the stock price of Zhejiang Sanhua Intelligent Controls' H-share within three months is actually the result of the synergy of multiple factors such as the strength of the capital market, policy encouragement, and industry news stimulation. From the perspective of the capital market, the multiple rounds of U.S. tariff increases at the beginning of April led to a sharp decline in the Hong Kong A-share index, but with the introduction of domestic response measures (such as the central bank's reserve ratio cut, the Ministry of Finance's tax reduction policy, and the central exchange fund's ETF holdings), the market gradually stabilized, recovering "lost ground" before mid-May and oscillating for nearly a month, and then starting a strong upward trend in late June. From a policy perspective, many local governments in China (such as Wuhan and Guangzhou Development Zone) issued high-specia...