Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock price increase, reaching a historical high of 46 HKD, driven by strong financial performance and market demand for AI server liquid cooling equipment [1] Financial Performance - The controlling shareholder, Tsugami Japan, reported a revenue of 81.58 billion JPY for the nine months ending December 31, 2025, representing a year-on-year increase of 28.3% [1] - The segment profit for the same period was 22.534 billion JPY, reflecting a year-on-year increase of 51.2% [1] Industry Insights - Cathay Securities has indicated that the AI server liquid cooling industry is entering a phase of bulk equipment procurement, which is beneficial for companies like Tsugami that focus on automatic lathe products [1] - Tsugami has established a competitive advantage in processing rapid liquid cooling connectors, which is expected to enhance its market position [1] Customer Engagement - In the first nine months of 2025, Tsugami signed equipment orders with dozens of clients, accounting for approximately 5% of the domestic order value [1] - The company has successfully applied multiple equipment types in the production of key components for humanoid robots, including planetary roller screws, harmonic reducers, and planetary reducers [1]
港股异动 | 津上机床中国(01651)涨近6% 股价再创新高 日本津上中国分部前三季溢利增超五成