Investor Presentaiton

Sanhua: Small components, big strategic shift Zhejiang Sanhua Revenue Refrigeration and air conditioning electrical parts Car parts RMB m 20,000 CAGR: 7.6% RMB m 10,000 CAGR: 41.1% 5,000 0 2017 2018 2019 2020 2021 Refrigeration and air conditioning electrical parts 0 2017 2018 2019 Car parts 2020 2021 50% 50% Gross Profit Margin 0% Refrigeration and air conditioning electrical parts 0% 2017 2018 ■ 2019 2020 ■2021 TRANE Customer Profile Source: Company data, Macquarie Research, May 2023 Car parts 2017 2018 2019 2020 2021 | GM Midea Hisense AUX 奥克斯 SAMSUNG Carrier LG Goodman Air Conditioning & Heating TCL 000 Panasonic ITSUBISHI DAIKIN Haier OOHOO TESLA Ford HYUNDAI TOYOTA HONDA The Power of Diame FCA PSA |长城汽车 Great Wall 吉利汽车 GEELY AUTO NIO 小鹏理想 22

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