Changes in Hong Kong stocks | Tsugami Machine Tool China (01651) rose more than 12% in early trading, Japan's Tsugami China Division's net profit increased 50.1% year-on-year in the first quarter

The Zhitong Finance App learned that Tsugami Machine Tool China (01651) rose more than 12% in early trading. As of press release, it had risen 7.74% to HK$51.2, with a turnover of HK$554.387 million.

According to the news, Tsugami Machine Tool China announced the results of the controlling shareholder Japan's Tsugami for the three months ended on the 30th of the month. In China, revenue increased 41.4% year on year to 38.013 billion yen, and segment profit increased 50.1% year on year to reach 11.553 billion yen. It should be noted that Tsugami Machine Tool's capital expenditure in China will reach a new high in the new fiscal year, which means that the company is actively breaking through production capacity bottlenecks.