HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) encounters resistance in afternoon surge, still falls more than 3% Tesla's third-generation humanoid robot Siasun Robot & Automation is expected to debut in mid-year.

Zhejiang Sanhua Intelligent Controls' stock price surged in the afternoon, with the decline narrowing to less than 1% at one point, but now it is falling again with the market. As of the time of writing, it is down 3.11% to HK$29.9, with a turnover of HK$395 million. On the news front, according to Tesla's official Weibo account, Tesla's third-generation humanoid robot Siasun Robot&Automation is expected to debut in mid-year, with official production scheduled to start in July-August 2026. Product testing is progressing steadily, with external application expected next year. In addition, Zhejiang Sanhua Intelligent Controls announced earlier that the board meeting will be held on April 29 to consider and approve the unaudited first quarter results for the three months ended March 31, 2026. Morgan Stanley previously pointed out in a research report that in the robotics business, Zhejiang Sanhua Intelligent Controls is expanding from a single customer to a broader customer base and actively developing core components such as actuators. The cautious communication about the Tesla robotics project reflects the sensitivity of business relationships. The firm believes that Zhejiang Sanhua Intelligent Controls' cautious profit margin and cash flow management, stable core business, and layout in high-growth sectors such as robotics and data centers will support long-term profitability and value growth.