Core Viewpoint - Tsugami Machine Tool (01651) has demonstrated significant growth potential, reporting a projected net profit of 502 million yuan for the first half of the 2026 fiscal year, reflecting a year-on-year increase of approximately 48% and a quarter-on-quarter increase of 14% [1] Group 1: Financial Performance - The projected net profit of 502 million yuan marks a new record for the company, surpassing previous highs of 442 million yuan and 380 million yuan in prior periods [1] - The company has successfully navigated a phase of adjustment and is now entering a new growth cycle, as indicated by its performance trends since the 2025 fiscal year [1] - Tsugami's comprehensive gross profit margin reached 33.1% in the 2025 fiscal year, significantly higher than the average gross profit margin of 15%-25% among leading A-share machine tool companies [2] Group 2: Competitive Position - Tsugami's net profit margin of 18.4% positions it as one of the most profitable companies in the machine tool industry, outperforming most domestic and global competitors [2] - The company has been able to accelerate growth during the current industry upcycle, further widening the gap with peers due to its ongoing efforts in cost reduction and operational optimization [2] Group 3: Growth Drivers - External factors, such as the rapid development of humanoid robots and artificial intelligence, have increased demand for high-end CNC machine tools, suggesting continued growth and resilience for the company [3] - The company's stock price has significantly outperformed other A and H-share machine tool companies this year, reflecting positive market sentiment and expectations for record-breaking annual performance [3]
津上机床中国（01651）中期利润预增48%超5亿元，增长逻辑得到高质量兑现