Group 1 - The stock of Tsugami Machine Tool (01651) rose over 6% to a new historical high of 33.18 HKD, with a trading volume of 60.99 million HKD [1] - Dongfang Securities reported an increase in information regarding the mass production of humanoid robots since Q3, with Tesla aiming for a monthly production of 100,000 units within five years and a cumulative delivery target of 1 million units [1] - The domestic humanoid robot market is rapidly developing, with leading companies like UBTECH, ZhiYuan, and YuShu receiving orders worth hundreds of millions, and ZhiYuan and TianTai Robot achieving shipment and order volumes exceeding 10,000 units [1] Group 2 - Tsugami Machine Tool is a specialized manufacturer of high-precision CNC machine tools, with its parent company, Tsugami Japan, being a long-established machine tool manufacturer [1] - The company is continuously enriching its production line, optimizing existing models, and actively expanding into emerging downstream fields such as humanoid robots, medical applications, and AIDC liquid cooling [1] - The company's products are applicable in the processing of planetary ball screw and robotic dexterous hands, primarily corresponding to equipment such as automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1]

Group 1 - The stock of Tsugami Machine Tool (01651) rose over 6% to a new historical high of 33.18 HKD, with a trading volume of 60.99 million HKD [1] - Oriental Securities reported an increase in information regarding the mass production of humanoid robots since Q3, with Tesla aiming for a monthly production of 100,000 units within five years and a cumulative delivery target of 1 million units [1] - The humanoid robot industry is experiencing rapid development in China, with leading companies like UBTECH, ZhiYuan, and YuShu receiving orders worth hundreds of millions, and ZhiYuan and TianTai Robotics surpassing 10,000 units in shipments and orders [1] Group 2 - Tsugami Machine Tool specializes in high-precision CNC machine tools, with its parent company, Tsugami Japan, being a long-established manufacturer [1] - The company is continuously enhancing its production line, optimizing existing models, and actively expanding into emerging sectors such as humanoid robots, medical applications, and AIDC liquid cooling [1] - Tsugami's products are utilized in the processing of planetary ball screws and robotic dexterous hands, primarily corresponding to equipment like automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1]

Group 1 - The stock of Tsugami Machine Tool (01651) rose over 5% in late trading, reaching 31.68 HKD with a trading volume of 62.65 million HKD [1] - Tsugami Machine Tool has been actively repurchasing shares, spending 2.946 million HKD to buy back 100,000 shares on September 12 and 3.31694 million HKD for 110,000 shares on September 15 [1] - Year-to-date, the company has conducted 41 share repurchases totaling 6.237 million shares and over 130 million HKD in total repurchase amount [1] Group 2 - The company is strategically investing in emerging sectors such as humanoid robots, medical applications, and AIDC liquid cooling [1] - Tsugami's products are utilized in planetary ball screw processing and robotic dexterous hand manufacturing, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] - In March, Tsugami Precision signed its 12th capital increase project in Pinghu, with total investments exceeding 100 million USD, aimed at meeting the demand for precision CNC machine tools in the electric vehicle, humanoid robot, and AI-related markets [1]

Core Viewpoint - Tsugami Machine Tool (01651) has seen a significant increase in stock price, rising over 5% in late trading, attributed to recent share buybacks and strategic investments in emerging sectors [1] Group 1: Stock Performance - Tsugami Machine Tool's stock price rose by 4.76%, reaching HKD 31.68, with a trading volume of HKD 62.65 million [1] - The company has conducted 41 share buybacks this year, totaling 6.237 million shares and exceeding HKD 130 million in total buyback amount [1] Group 2: Strategic Investments - The company is actively investing in emerging sectors such as humanoid robots, medical technology, and AIDC liquid cooling [1] - Tsugami's products are utilized in the manufacturing of planetary ball screw and robotic dexterous hands, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] - In March, Tsugami Precision signed its 12th capital increase project in Pinghu, with total investments exceeding USD 100 million, aimed at meeting the demand for precision CNC machine tools in the electric vehicle, humanoid robot, and AI-related markets [1]

Core Insights - Tsugami Machine Tool China (01651) saw a stock increase of over 7%, reaching 28.58 HKD with a trading volume of 79.25 million HKD [1] Financial Performance - For the fiscal year 2025 (April 2024 - March 2025), the company reported a net profit of 782 million RMB, a year-on-year increase of 63% [1] - Revenue for the same period was 4.262 billion RMB, reflecting a year-on-year growth of 36.6% [1] Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, potentially surpassing the record set in fiscal year 2022 [1] - The expansion into new markets such as AI liquid cooling connectors and automotive electric braking systems is expected to drive revenue growth [1] Industry Trends - Tsugami Machine Tool China is enhancing its production line and optimizing existing machine designs while actively entering emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1] - The company's products are utilized in planetary ball screw processing and robotic dexterous hands, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] - According to Northeast Securities, the upgrade of downstream industries and equipment renewal policies are accelerating the localization of high-end machine tools [1] - The mass production of humanoid robots is expected to increase demand for core components, with the machine tool equipment market potentially reaching a growth space of 100 billion RMB [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a stock price increase of over 7%, with a current price of 28.58 HKD and a trading volume of 79.2553 million HKD, following the release of its fiscal year 2025 report, which shows significant growth in profit and revenue [1] Financial Performance - For the fiscal year 2025 (April 2024 - March 2025), the company reported a net profit of 782 million RMB, representing a year-on-year increase of 63% [1] - The revenue for the same period reached 4.262 billion RMB, marking a year-on-year growth of 36.6% [1] Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, potentially surpassing the record set in fiscal year 2022 [1] - The expansion into new markets such as AI liquid cooling joints and automotive electric braking systems is expected to drive revenue growth [1] Product and Market Development - Tsugami Machine Tool China is actively enhancing its product line and optimizing existing machine designs while venturing into emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1] - The company's products are utilized in planetary ball screw processing and robotic dexterous hand manufacturing, with key equipment including automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1] Industry Trends - According to Northeast Securities, the upgrade of downstream industries and equipment renewal policies are accelerating the localization of high-end machine tools [1] - The mass production of humanoid robots is expected to increase the demand for core components, with the incremental space for machine tool equipment projected to reach 10 billion RMB [1]

Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock increase of over 7%, with a current price of 28.58 HKD and a trading volume of 79.25 million HKD, following the release of its fiscal year 2025 report indicating strong financial performance and growth prospects [1]. Financial Performance - The company reported a net profit of 782 million RMB for the fiscal year 2025, representing a year-on-year increase of 63% [1]. - Revenue reached 4.262 billion RMB, marking a 36.6% year-on-year growth [1]. Future Outlook - The company aims to challenge a sales revenue target of 5 billion RMB in the new fiscal year, with expectations to surpass the record set in fiscal year 2022 [1]. - The expansion into new markets such as AI liquid cooling connectors and automotive electric brake systems is anticipated to drive revenue growth [1]. Product and Market Development - Tsugami Machine Tool China is actively enhancing its production line and optimizing existing machine designs while venturing into emerging sectors like humanoid robots, medical applications, and AIDC liquid cooling [1]. - The company's products are utilized in planetary ball screw processing and robotic dexterous hand manufacturing, primarily involving automatic lathes, turret lathes, thread rolling machines, and thread grinding machines [1]. Industry Trends - According to Northeast Securities, the upgrade of downstream industries combined with equipment renewal policies is accelerating the localization of high-end machine tools [1]. - The mass production of humanoid robots is expected to increase the demand for core components, with the potential for machine tool equipment market growth reaching hundreds of billions [1].

Core Viewpoint - The financial performance of Tsugami China serves as a significant indicator of the machine tool industry's recovery, with strong revenue growth and profitability reflecting a resurgence in demand from downstream sectors, particularly the automotive industry [1][5][7]. Financial Performance - For the fiscal year 2025, Tsugami China reported revenue of 4.262 billion RMB, a year-on-year increase of 36.6%, and a net profit growth of 63% [1][7]. - The company's gross profit rose by 57.5% to 1.41 billion RMB, with a gross margin of 33.1%, up 4.4 percentage points from the previous year [7]. Revenue Breakdown - The precision lathe business generated 3.624 billion RMB, accounting for 85.1% of total revenue, with a year-on-year increase of 36.5% [4]. - Revenue from the automotive sector surged by 69% to 1.83 billion RMB, significantly contributing to domestic revenue growth [5][8]. - Other sectors, including pneumatic, hydraulic, and 3C industries, also showed positive growth, with respective increases of 33%, 26%, and 26% [5]. Market Trends - The machine tool industry is experiencing a recovery, with increased demand noted from March and April 2024, indicating a shift towards an upward market cycle [3][8]. - Tsugami China has successfully expanded into new industries, including humanoid robotics and AI applications, which are expected to drive future growth [9][10]. Strategic Initiatives - The company has implemented cost-reduction and efficiency-enhancement measures across its operations, contributing to its competitive edge [2]. - Tsugami China plans to launch new products, such as internal thread grinding machines, to cater to the automotive industry's evolving needs [8][9]. Shareholder Returns - Tsugami China announced a final dividend of 0.5 HKD per share, an increase from the previous year's 0.4 HKD, reflecting a commitment to shareholder returns [10]. - The company has also repurchased 2.371 million shares, indicating management's confidence in future growth and efforts to stabilize market value [10].