KGI Securities: Recommend "buy" Sanhua Intelligent Control (02050.HK), with an expected annual net profit growth rate of 25-50% in 2025.

The Wise Finance APP learned that Guotai Junan Securities released a research report stating that as Shihua Zhikong (02050.HK) actively expands into new fields and steadily increases production capacity, it is expected that the company's performance will continue to grow at a rate of 20-30% in the next few years. The company had previously announced plans to invest 300-600 million yuan for share repurchases. As of the end of November, the repurchase amount was only 1.06 billion yuan. It is expected that the company will continue to repurchase shares at the right time, which will have a positive impact on the stock price. The bank predicts that the company will achieve net profits of 4.208 billion yuan, 5.055 billion yuan, and 5.947 billion yuan in 2025, 2026, and 2027 respectively, with year-on-year increases of +35.8%, +20.1%, and +17.6%. The corresponding EPS will be 1, 1.2, and 1.41 yuan, and the H-share stock prices correspond to PEs of 30, 25, and 21 times, with a "buy" recommendation.