Hong Kong Stock Alert | SANHUA (02050) Drops Over 6%, Weekly Decline Approaches 10% as A-Share Falls Nearly 8% in Afternoon Session

Stock News
Oct 10

SANHUA (02050) declined more than 6%, with its stock price falling nearly 10% over the week. The company's A-share dropped nearly 8% during afternoon trading. As of press time, the stock was down 6.34% to HK$40.46, with a turnover of HK$613 million.

On the news front, recent media reports indicate that Tesla had originally planned to produce at least 5,000 units of its humanoid robot Optimus this year, but later reduced the target to 2,000 units following objections from engineers. However, due to significant technical challenges in the robot's hand and forearm design, the engineering team has been unable to achieve human-like flexible operations, leading the company to temporarily halt production with a substantial backlog of handless robot bodies.

Notably, Tesla AI's official Weibo account posted on September 30 that Tesla is working to scale up its humanoid robot operations, planning to launch the third generation by the end of 2025 and begin mass production in 2026.

Galaxy Securities previously noted that the company is deeply integrated with Tesla, serving as a major supplier for humanoid robot actuator assemblies. As Tesla's robots gradually achieve mass production, the company's related business revenue is expected to grow rapidly.

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