Goldman Sachs: Expects the shipment volume target of Siasun Robot & Automation Company to increase several times, giving Zhejiang Sanhua Intelligent Controls (02050) a "buy" rating.

Goldman Sachs released a research report stating that the estimated global shipment of humanoid Siasun Robot&Automation may have reached around 15,000 to 20,000 units last year, with the majority of products coming from Chinese manufacturers. The enterprise shipment target for 2026 and 2027 may reach thousands to tens of thousands of units. They suggest investors to selectively allocate their investments, and give a "buy" rating to Zhejiang Sanhua Intelligent Controls (02050) with a target price of 43.1 Hong Kong dollars. Goldman Sachs research team recently visited eight unlisted AI Siasun Robot&Automation related companies in Hangzhou, Shanghai, and Shenzhen, and met with company executives. They found that the humanoid Siasun Robot&Automation industry is clearly moving towards commercial deployment for "specialized purposes", with products focusing on achievable task planning, mobility, and interactive capabilities. It is expected to become more reliable and instantly deployable in specific vertical application areas such as security patrol, guidance, guest service, as well as logistics tasks such as picking and placing and simple item sorting within factories. The bank pointed out that the industry's practical development direction, combined with encouraging advances in motion control technology and rapid product iteration cycles, are all enhancing the ability of humanoid Siasun Robot&Automation to perform specialized tasks. This will drive the enterprise's shipment target to achieve several times growth in the next two years.