Citibank: Lowering the target price of Sanhua Intelligent Control (02050) to HK$29 to maintain a “neutral” rating

The Zhitong Finance App learned that Citi released a research report stating that it maintained the “neutral” rating of Sanhua Intelligent Control (02050) and lowered the target price from HK$31 to HK$29 to reflect the industry's overall profit margin pressure and downstream shipment pressure. Citi believes that even in the face of temporary macroeconomic headwinds, the management of Sanhua Intelligent Control maintains the goal of a 15% year-on-year increase in net profit for the 2026 fiscal year. The company aims to achieve a net profit growth rate exceeding the revenue growth rate, and use new business as risk hedging.