Core Viewpoint - Tsunash Machine Tool China (01651) has seen a stock price increase of over 4%, currently trading at 32.96 HKD, with a trading volume of 20.27 million HKD. The company has been actively repurchasing shares, indicating confidence in its future performance [1]. Group 1: Share Buyback Activity - The company announced a share buyback of 100,000 shares for a total cost of 3.12 million HKD on November 25 [1]. - Year-to-date, Tsunash Machine Tool China has conducted 56 buybacks, totaling 8.52 million shares and an aggregate expenditure of 204 million HKD [1]. Group 2: Financial Performance and Market Position - According to a report from Industrial Securities, the company's AI liquid cooling segment has performed exceptionally well, generating sales of approximately 120 million HKD, which accounts for 5.2% of domestic sales and is a key driver of revenue growth [1]. - Direct cooling connectors represent 80% of total market demand, with the company's main product, automatic lathes, having a significant competitive advantage in this area [1]. - The processing technology for liquid cooling connectors has been largely established, and the industry is entering a phase of bulk equipment procurement [1]. - From January to September, the company signed equipment orders with dozens of clients, representing about 5% of domestic order value, with expectations for this sector to become a major growth driver in the second half of the 2026 fiscal year and into the 2027 fiscal year [1].

Core Viewpoint -津上机床中国's stock price increased by over 4%, reaching 32.96 HKD, with a trading volume of 20.27 million HKD, following the announcement of a share buyback program [1] Group 1: Company Performance -津上机床中国 announced a share buyback of 100,000 shares for a total cost of 3.12 million HKD on November 25 [1] -Year-to-date, the company has conducted 56 buybacks, totaling 8.52 million shares and an aggregate amount of 204 million HKD [1] -For the first half of the fiscal year, the company's AI liquid cooling segment performed well, generating sales of approximately 120 million HKD, which accounts for 5.2% of domestic sales and is a key driver of revenue growth [1] Group 2: Industry Insights -Direct cooling connectors represent 80% of total market demand, with the company's main product, automatic lathes, having a significant competitive advantage in this area [1] -The processing technology for liquid cooling connectors has been largely established, and the industry is entering a phase of bulk equipment procurement [1] -From January to September, the company signed equipment orders with dozens of clients, representing about 5% of domestic order value, indicating strong future growth potential in the industry [1] -The industry is expected to become a major driver of the company's revenue growth in the second half of the 2026 fiscal year and into the 2027 fiscal year [1]

Core Viewpoint -津上机床中国 reported strong mid-year performance with significant revenue and profit growth, driven by AI liquid cooling products and a favorable market position in the industry [1] Financial Performance - The total revenue for the first half of the year reached approximately 2.497 billion RMB, representing a year-on-year increase of about 26.2% [1] - Gross profit was around 863 million RMB, with a year-on-year growth of approximately 35.1% [1] - The overall gross margin improved by about 2.5 percentage points from approximately 32.1% in the same period last year to about 34.6% [1] - Net profit amounted to approximately 502 million RMB, reflecting a year-on-year increase of about 47.7% [1] - The company proposed an interim dividend of 0.60 HKD per ordinary share [1] Product and Market Insights - The performance of AI liquid cooling products was highlighted, with sales amounting to approximately 120 million RMB, accounting for 5.2% of domestic sales, serving as a key driver for revenue growth [1] - Direct cooling joints represent 80% of total market demand, with the company's main product, automatic lathes, having a significant competitive advantage in processing [1] - The processing technology for liquid cooling joint products is now largely established, and the industry has entered a phase of bulk equipment procurement [1] - From January to September 2025, the company has signed equipment orders with dozens of clients, representing about 5% of domestic order value, indicating strong future growth potential [1] - The industry is expected to become a major growth driver for the company's performance in the second half of the 2026 fiscal year and into the 2027 fiscal year [1]

Core Viewpoint - Tsugami Machine Tool China reported strong mid-year performance with significant revenue and profit growth, driven by AI liquid cooling products and a favorable market position in the industry [1] Financial Performance - The total revenue for the first half of the year reached approximately 2.497 billion RMB, representing a year-on-year increase of about 26.2% [1] - Gross profit was around 863 million RMB, with a year-on-year growth of approximately 35.1% [1] - The overall gross margin improved by about 2.5 percentage points from approximately 32.1% in the same period last year to about 34.6% [1] - Net profit amounted to approximately 502 million RMB, reflecting a year-on-year increase of about 47.7% [1] - The company proposed an interim dividend of 0.60 HKD per ordinary share [1] Product and Market Insights - The AI liquid cooling segment performed exceptionally well, with sales amounting to approximately 120 million RMB, accounting for 5.2% of domestic sales, serving as a key driver for revenue growth [1] - Direct cooling connectors represent 80% of total market demand, with the company's main product, automatic lathes, having a significant competitive advantage in processing [1] - The processing technology for liquid cooling connector products is largely established, and the industry is entering a phase of bulk equipment procurement [1] - By January to September 2025, the company has signed equipment orders with dozens of clients, representing about 5% of domestic order value, indicating strong future growth potential [1] - The industry is expected to become a major growth driver for the company's performance in the second half of the 2026 fiscal year and into the 2027 fiscal year [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] - 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]