Core Viewpoint -津上机床中国 (01651) has experienced a significant stock price increase, reaching a new historical high, driven by strong earnings expectations for the first half of the 2026 fiscal year, attributed to the recovery of the domestic economy and growth in demand from key sectors like new energy vehicles and artificial intelligence [1][1][1] Financial Performance - The company anticipates a net profit of 502 million yuan for the first half of the 2026 fiscal year, representing a year-on-year increase of approximately 48% [1][1][1] - As of the report, the stock price rose by 8.02%, trading at 40.66 HKD with a transaction volume of 120 million HKD [1][1][1] Industry Trends - The growth in the machine tool industry is driven by the transformation and upgrading of China's manufacturing sector, particularly in emerging fields such as new energy vehicles and artificial intelligence [1][1][1] - The company has been actively expanding and penetrating various sub-sectors of manufacturing, leading to increased demand for its CNC high-precision machine tools [1][1][1] Strategic Developments -津上机床中国 has established a cooperation intention with a leading liquid cooling equipment company, which is expected to contribute to revenue in 2026, marking the second growth curve after the automotive parts sector [1][1][1] - According to Guojin Securities, the global shortage of liquid cooling production capacity is driving a rapid increase in orders for manufacturing equipment, positioning津上机床中国 to benefit from the demand surge in the liquid cooling industry chain expansion [1][1][1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock price increase, reaching a new historical high, driven by strong earnings expectations for the first half of the 2026 fiscal year, with a projected net profit of 502 million yuan, representing a year-on-year growth of approximately 48% [1] Group 1: Company Performance - The company anticipates a substantial increase in net profit for the first half of the 2026 fiscal year, with an expected figure of 502 million yuan, marking a year-on-year growth of about 48% [1] - The board attributes the performance growth to the ongoing recovery of the domestic economy and the transformation and upgrading of China's manufacturing sector, particularly in the rapidly developing fields of new energy vehicles and artificial intelligence [1] Group 2: Industry Trends - The machine tool industry is experiencing new demand due to the transformation of manufacturing, especially in sectors like new energy vehicles and artificial intelligence [1] - The company has established a cooperation intention with a leading liquid cooling equipment enterprise, which is expected to contribute to revenue in 2026, marking the second growth curve after the automotive parts sector [1] - According to Guojin Securities, the global shortage of liquid cooling production capacity is leading to a rapid increase in orders for liquid cooling product manufacturing equipment, indicating that equipment manufacturers are likely to benefit from the demand increase in the liquid cooling industry chain expansion [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock price increase, reaching a historical high of 37.4 HKD, driven by strong earnings forecasts and industry partnerships [1] Group 1: Financial Performance - For the first half of the fiscal year 2026, the company expects a net profit of 500 million HKD, representing a year-on-year growth of 48.0% [1] - The projected profit growth significantly exceeds the industry average, positioning the company as a leader in the machine tool industry's recovery [1] Group 2: Industry Developments - The company has established a cooperation intention with a leading liquid cooling equipment enterprise, which is expected to contribute to revenue in 2026, marking a second growth curve following the automotive parts sector [1] - Due to a global shortage of liquid cooling production capacity, orders for manufacturing equipment are rapidly increasing, indicating that equipment manufacturers are likely to benefit from the demand surge in the liquid cooling industry chain expansion [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen its stock price rise over 6%, reaching a new historical high of 37.4 HKD, following the announcement of its half-year performance forecast for FY2026, which indicates a significant profit increase [1] Financial Performance - The company expects to achieve a net profit of 500 million HKD for the six months ending September 30, 2025, representing a year-on-year growth of 48.0% [1] - This projected profit growth notably exceeds the average growth rate within the industry, positioning the company as a leading player in the machine tool sector's recovery [1] Business Development - Tsugami Machine Tool China has established a cooperation intention with a leading liquid cooling equipment company, anticipating that this collaboration will contribute to revenue in 2026 [1] - The liquid cooling business is expected to become the company's second growth curve, following its automotive parts sector [1] Market Context - Global liquid cooling production capacity is currently facing shortages, leading to a rapid increase in orders for manufacturing equipment [1] - As indicated by the company's profit forecast, equipment manufacturers are likely to benefit significantly from the demand surge associated with the expansion of the liquid cooling industry chain [1]

Market Overview - The A-share market continues its slow bull trend, with the Shanghai Composite Index reaching a nearly 10-year high, and the North China 50 index hitting a historical peak [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.76 trillion, an increase of 519.6 billion compared to the previous trading day, marking a new high for the year [2] - Northbound capital has seen a net inflow for 15 consecutive days, primarily increasing positions in brokerage and state-owned enterprises, while southbound capital recorded a net purchase of 35.8 billion HKD in Hong Kong stocks, a historical high [3] Financial Data Insights - The central bank released July financial data showing a year-on-year growth of 9.0% in social financing, with an increase of 1.16 trillion yuan, 389.3 billion more than the previous year [4] - The money supply M1 and M2 grew by 5.6% and 8.8% year-on-year, respectively, with increases of 1.0 and 0.5 percentage points compared to the previous month [4] - The increase in non-bank deposits and the narrowing of the M1-M2 gap indicate a significant trend of household savings flowing into the capital market [5] Economic Environment and Future Outlook - The current market environment is more stable compared to 2020, with a focus on technological innovation and industrial upgrades, supported by a GDP growth of 5.2% in Q2 2025 and a 21.3% increase in high-tech manufacturing investment [6] - The "924" new policy is expected to initiate a new round of economic stimulus, with non-bank financial institutions seeing an increase of 910 billion yuan in deposits in September 2024, 1.6 trillion more than the previous year [6] - The trend of household savings entering the stock market is ongoing, with expectations for the Shanghai Composite Index to reach 5,000 points and the CSI 300 to potentially rise to 5,500 points within a year, indicating a possible 30% increase [9][11] Stock Selection Strategies - Investors are advised to focus on high-recognition industry leaders that show sudden volume increases, such as ZTE Corporation and Lingyi iTech [17] - Stock selection can involve choosing strong stocks with moderate price increases or those that have undergone appropriate adjustments, suitable for aggressive investors [17] Liquid Cooling Sector Insights - The liquid cooling server market continues to thrive, with over 20 stocks in the sector rising more than 10% [18] - The demand for liquid cooling solutions is expected to surge due to the acceleration of AI computing infrastructure, with domestic liquid cooling chains poised to enter overseas markets [18][19] - Key players in the liquid cooling supply chain include: - Upstream: Companies like Juhua and Sinoma are leading in cooling liquid production [20] - Midstream: Leading manufacturers include Inspur and Sugon, with significant market shares [21] - Downstream: Applications in data centers and energy storage are being driven by major players like Dataport and Shenling Environment [22]