Changes in Hong Kong stocks | Tsugami Machine Tool China (01651) rose more than 7% in early trading, annual profit reached a record high, and its machine tool products entered many new fields

The Zhitong Finance App learned that Tsugami Machine Tool China (01651) rose more than 7% in early trading. As of press release, it had risen 6.1% to HK$21.75, with a turnover of HK$76.7841 million.

According to the news, Tsugami Machine Tool China previously released its financial report for the full year ending March this year. Net profit was 782 million yuan, up 63% year on year; revenue was 4.262 billion yuan, up 36.6% year on year. Li Zequn, executive director and executive deputy general manager of the company, said that sales revenue for the new fiscal year will challenge 5 billion yuan, which is expected to surpass the 2022 fiscal year and reach a new high. The company's development of new markets such as AI liquid cooling joints and automotive electric braking systems is expected to drive revenue growth.

The Zhitong Finance App points out in “Tsugami China (01651) Sample: Performance Impacts New High Growth Determinations Continue to Strengthen” that in the past 25 fiscal years, Tsugami China has strongly advanced into many new industries and fields, and the company's products and services are being more widely recognized by downstream markets and customers. The company is developing a series of related products for automotive electric braking systems. For example, Tsugami China plans to launch an internal thread grinder within the year and put it on the market. It is reported that this product has the full processing capacity of a complete set of ball screw nuts, and can provide a complete processing line. Facing the high-profile field of humanoid robots, Tsugami China has signed equipment orders with more than a dozen customers in fiscal year 25, involving products such as automatic lathes, turret lathes, cylindrical grinders, and wire rolling machines. However, the huge application potential of the company's main product, automatic lathes, in AI liquid cooling joints has been fully revealed.