Huaan Securities Maintains Buy on Sanhua Intelligent Controls as Liquid Cooling and Robotics Advance

Huaan Securities' research note states that Sanhua Intelligent Controls' revenue growth has rebounded, with liquid cooling and robotics businesses advancing steadily. The report notes that 26Q3 revenue rose year over year, demonstrating strong operational resilience. Liquid cooling products have entered batch supply chains of leading CDU makers and cloud providers, while robot actuators have been delivered in batches. The brokerage highlighted that mass adoption in liquid cooling and volume deliveries in robot actuators support the company's long-term growth outlook. Huaan Securities believes both segments could become new growth drivers and maintains its 'Buy' rating, citing the company's operational resilience and diversified business layout. The note also pointed to rising data center demand for liquid cooling and accelerating industrialization of humanoid robots as key catalysts. Sanhua Intelligent Controls has been expanding its presence in both segments.