智通财经就APP获悉，中金发布研报称，预计津上机床中国(01651)FY2026/2027年EPS分别为2.6/3.1 元，CAGR为22%，给予公司目标价38.6港元，对应FY2026年P/E为13x，现价对应FY2026/2027年P/E为 11/10x，对应涨幅空间17.1%，，公司是中高端数控车床领军企业，内生竞争力突出，首次覆盖给予"跑 赢行业"评级。市场暂未充分重视液冷、机器人的增量潜力，而该行坚定看好其带来的机会。 中金主要观点如下： 扎根中国制造业，主营增长稳健 公司2003年成立，控股股东为日本津上集团，形成车床(走心机)为主，加工中心、磨床为辅的产品矩 阵。2025FY(2024Q2-2025Q1)公司营收42.62亿元，归母净利润7.8亿元，同比增长36.6%/63%。 积极扩产，巩固龙头优势 盈利能力大幅增长，高分红回馈投资者 公司长期以来经营质量(如存货周转、收现比等)稳健，自FY2023以来，公司分红率维持在40%以上。 液冷连接器&人形机器人助力，打开第二成长 2024年以来公司积极布局AI液冷连接器加工、人形机器人丝杠、减速器加工等领域。潜在催化剂：液 冷基建、人形机器人磨床进 ...

Group 1 - The core viewpoint of the report is that the company, Tsugami Machine Tool (01651), is expected to achieve an EPS of 2.6 and 3.1 CNY for FY2026/2027, with a CAGR of 22%, and a target price of 38.6 HKD, indicating a potential upside of 17.1% based on current P/E ratios [1] - The company has a strong foothold in China's manufacturing sector, with a product matrix primarily focused on screw machines and supplemented by machining centers and grinding machines. For FY2025, the company is projected to generate revenue of 4.262 billion CNY and a net profit of 780 million CNY, reflecting year-on-year growth of 36.6% and 63% respectively [2] - The company is actively expanding its production capacity to reinforce its leading position in the market. The metal cutting machine tool sector is influenced by capital expenditures in the automotive and general manufacturing industries. The production growth rate for metal cutting tools in China from January to August 2025 is 14.6%, indicating a recovery in the market [3] Group 2 - The company's profitability has significantly increased, maintaining a dividend payout ratio above 40% since FY2023, reflecting its strong operational quality [4] - The company is strategically investing in AI liquid cooling connectors and humanoid robot components, which are expected to drive its second growth phase. Potential catalysts include advancements in liquid cooling infrastructure and humanoid robot grinding machines [5]

Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and Anta Sports, conducted share buybacks on September 23, 2025, with Tencent leading in terms of buyback amount and quantity [1][2]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 867,000 shares for a total of 550 million [2]. - Anta Sports (02020) repurchased 2.12 million shares for a total of 200 million [2]. - Hang Seng Bank (00011) repurchased 200,000 shares for a total of 23.57 million [2]. - China Petroleum & Chemical Corporation (00386) repurchased 5.51 million shares for a total of 22.44 million [2]. - Stone Four Pharmaceutical Group (02005) repurchased 5 million shares for a total of 14.67 million [2]. Group 2: Cumulative Buyback Data - Tencent's cumulative buyback for the year reached 61.59 million shares, accounting for 0.670% of its total share capital [2]. - Anta Sports' cumulative buyback for the year reached 4.24 million shares, accounting for 0.151% of its total share capital [2]. - China Hongqiao Group (01378) had a cumulative buyback of 15.2 million shares, accounting for 1.620% of its total share capital [2]. - Coolpad Group (02369) had a significant cumulative buyback of 27.25 million shares, accounting for 6.653% of its total share capital [2].

智通财经APP讯，津上机床中国(01651)发布公告，于2025年9月23日斥资230.54万港元回购7万股。 ...

津上机床中国(01651)发布公告，于2025年9月23日斥资230.54万港元回购7万股。 ...

格隆汇9月23日丨津上机床中国(01651.HK)发布公告，9月23日耗资230万港元回购7万股，回购价格每股 32.76-33港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 津上精密機床(中國)有限公司（於開曼群島註冊成立的有限公司） 呈交日期： 2025年9月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01651 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | ...

| 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.22 | 10.00 | 32.640 | 32.420 | 325.85 | | 2025.09.19 | 12.00 | 31.680 | 31.280 | 378.13 | | 2025.09.18 | 10.50 | 31.880 | 31.060 | 331.56 | | 2025.09.17 | 8.00 | 31.400 | 30.320 | 247.91 | | 2025.09.16 | 3.60 | 30.600 | 30.240 | 109.57 | | 2025.09.15 | 11.00 | 30.380 | 29.940 | 331.69 | | 2025.09.12 | 10.00 | 30.020 | 29.260 | 294.56 | | 2025.09.11 | 12.00 | 30.240 | 29.820 | 360.80 | | 2025.09.10 | 1.10 | 28.900 ...

津上机床中国(01651)发布公告，于2025年9月22日斥资325.85万港元回购10万股股份。 ...

格隆汇9月22日丨津上机床中国(01651.HK)发布公告，2025年9月22日耗资325.85万港元回购10万股，回 购价格每股32.42-32.64港元。 ...