HK Stock Market Move | TIANGONG INT'L (00826) increased by over 4% with multiple increases in shareholding by the Chairman and CEO of the board during the month. The gross profit margin of titanium products in the first half of the year steadily increased.

TIANGONG INT'L (00826) rose more than 4%, as of the time of writing, up 4.09% at 1.78 Hong Kong dollars, with a turnover of 3.1064 million Hong Kong dollars. On the news front, the latest data from the Hong Kong Stock Exchange shows that from September 16 to September 19, Chairman Zhu Xiaokun of TIANGONG INT'L (00826) increased his shareholdings through his company Tiangong Holdings Company Limited, and CEO Zhu Zefeng increased his shareholdings through his company Sky Greenfield Investment Limited by 3 million shares and 1 million shares respectively, with total amounts of 5.3539 million Hong Kong dollars and 1.7958 million Hong Kong dollars. Previously, on September 12, Chairman Zhu Xiaokun and CEO Zhu Zefeng of TIANGONG INT'L increased their shareholdings by 1 million shares each through their respective companies, with total amounts of 1.6892 million Hong Kong dollars and 1.6940 million Hong Kong dollars respectively. Zhongjin issued a research report pointing out that the EB furnace was successfully put into operation in the first half of 2024, and the construction of the annual production of 3,000 tons of high-end titanium material project continues to progress. The improvement of product structure combined with the weak trend of raw material titanium sponge prices has driven the steady growth of titanium product gross profit margin. In the first half of 2024, the gross profit margin of the titanium alloy business increased by 7.8 percentage points year-on-year to 39.0%. The company is actively exploring the application scenarios of titanium materials in the fields of consumer electronics/aerospace/medical. At present, titanium materials are accelerating penetration in multiple downstream application areas. The bank believes that as a leader in civilian titanium alloys, the company is expected to seize the development opportunities and open up new profit growth prospects.