### @SANHUA — Confirmed — from the FY2025 annual report
We report HVAC&R and refrigeration components represent about 60% of revenue, covering valves—electronic‑expansion, four‑way reversing, stop, solenoid and ball—microchannel heat exchangers, pumps, controllers and sensors for residential and commercial air‑conditioning, refrigeration, cold‑chain and heat‑pump markets.
- tier: Confirmed (✓)
- source: SANHUA / The proven core - near-exclusive in valves
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-sanhua-src-sanhua-valve-core-dominance-rotation
- posted: 2026-07-16T03:39:32.517Z