Core Viewpoint - Tian Gong International (00826) reported a revenue of 2.3425 billion RMB for the six months ending June 30, 2025, representing a year-on-year decline of 7.1% while the profit attributable to equity holders increased by 10.4% to 204 million RMB [1] Financial Performance - Revenue for the period was 2.3425 billion RMB, down 7.1% year-on-year [1] - Profit attributable to equity holders was 204 million RMB, up 10.4% year-on-year [1] - Basic earnings per share were 0.075 RMB, with an interim dividend proposed at 0.0262 RMB per share [1] Margin Analysis - The gross margin for tool steel increased from 13.3% in the first half of 2024 to 13.8% in the first half of 2025, attributed to the recovery of domestic industry and successful cost pass-through to customers [1] - High-speed steel also saw a similar trend, with overall gross margin rising from 14.1% in the first half of 2024 to 15.6% in the first half of 2025 [1] Strategic Developments - Tian Gong's subsidiary, Tian Gong Co., successfully listed on the Beijing Stock Exchange on May 13, 2025, becoming the first red-chip Hong Kong stock to spin off its subsidiary for A-share listing, indicating strong market confidence in its high-end materials and consumer electronics penetration [1]
天工国际(00826)发布中期业绩，股东应占溢利2.04亿元，同比增长10.4%