Gelonghui, December 14 | According to Guoxin Securities Research Report, Sanhua Intelligent Control (002050.SZ) has grown from a leading component to an industry leader, maintaining a “buy” rating. The company grasps core components and increases the proportion of integrated component products. Currently, the value of bicycle accessories can reach more than 5,000 yuan. The automotive thermal management industry is highly concentrated. It is estimated that the global passenger car thermal management market space is about 180 billion yuan, showing a growing trend. Domestic companies are boosting the incremental market for new energy vehicles. Sanhua Intelligent Control has the highest market share in the world for automotive electronic expansion valves and integrated component thermal management products for new energy vehicles. The company has accompanied the rapid development of core NEV customers and the increase in the revenue share of integrated components, creating a global leader in the industry. In the next three years, the company expects to recruit professionals in the fields of motors, drives, electronic control, sensors, etc., and expand the R&D team to 150 people. The total team size of electromechanical actuator products is expected to be over 300 people. The company has established cooperation with many customers and is actively planning overseas production layout, with a first-mover advantage.