Gelonghui, January 19 | Changjiang Securities Research Report indicates that at present, in addition to the two major businesses of traditional refrigeration and automobile thermal management, Sanhua Intelligent Control (002050.SZ) is actively entering the humanoid robot circuit, believing that the company has a high probability of success and is expected to create a new rapid growth curve. At the same time, with the rapid development of AI technology, the humanoid robot electric drive technology route represented by Tesla has been clarified, and it is believed that the humanoid robot industry is ushering in an opportunity. As far as Sanhua Intelligent Control is concerned, the company focuses on robotic electromechanical actuators. As one of the core components, they mainly include rotating joints and linear joints, which have many synergistic advantages with the company's current main business. The bank expects the company's net profit attributable to shareholders of the parent company in 2023 and 2024 to be about 3 billion yuan and 4 billion yuan respectively, corresponding to PE, about 31 and 24 times, respectively. Maintain a “buy” rating.