HK Stock Market Move | TSUGAMI CHINA (01651) continues to rise by over 10%, with a cumulative increase of over 60% this month. Domestic screw processing equipment is expected to see a breakthrough.

TSUGAMI CHINA (01651) rose by over 10% again, with a cumulative increase of over 60% within the month. As of the time of writing, it rose by 6.44% to 19.16 Hong Kong dollars, with a turnover of 8157.94 million Hong Kong dollars. On the news front, TSUGAMI CHINA announced at the beginning of this month that according to the financial data of its controlling shareholder Tsugami of Japan for the first three quarters, the group's income was 63.597 billion yen, an increase of 33.2% year-on-year. Net profit for the period was 14.901 billion yen, an increase of 60.2% year-on-year. It is reported that Tsugami machine tools' CNC high-precision machine tools can be roughly divided into five major product categories, namely precision automatic lathes, precision turret lathes, precision machining centers, precision grinding machines, and precision thread rolling machines. Guotai Junan pointed out that the progress of screw usage in the humanoid Siasun Robot & Automation field is significant and is expected to bring vast market growth potential. Sinolink previously pointed out that in the core processing process of screws, the equipment with the highest unit value is heat treatment and high-precision grinding machines. The bank expects that by 2025, the appearance of specialized custom equipment will effectively improve the precision and efficiency of domestic screw processing equipment. Domestic equipment has already begun to break through.