HK Stock Market Move | TSUGAMI CHINA(01651) rose nearly 5% in early trading, with annual net profit increasing by over 63%. The company aims to challenge a sales revenue of 5 billion yuan in the new fiscal year.

TSUGAMI CHINA (01651) rose nearly 5% in early trading, up 3.91% as of press time, at 21.25 Hong Kong dollars, with a turnover of 152.893 million Hong Kong dollars. On the news front, TSUGAMI CHINA announced its full-year financial report as of the end of March this year, with a net profit of 782 million RMB, a year-on-year increase of 63%; and revenue of 4.262 billion RMB, a year-on-year increase of 36.6%. Company Executive Director and Acting Deputy General Manager Li Zequn said that the sales revenue for the new fiscal year is expected to challenge 5 billion RMB and is expected to surpass the record high set in the 2022 fiscal year. The company's expansion into new markets such as AI liquid-cooled fittings and automotive electric brake systems is expected to drive revenue growth. Cathay Haitong pointed out that as overseas leading humanoid robot manufacturer Siasun Robot & Automation accelerates product iteration, domestic related manufacturers have successively launched products in addition to the accelerated application scenarios. From a supply chain perspective, we believe that, in addition to Siasun Robot & Automation complete machine manufacturers, key components of Siasun Robot & Automation such as motors, reducers, sensors, and screws should be given special attention, and corresponding domestic suppliers are expected to benefit in the long term.